Document:

EX-10.1.4

 Exhibit 10.1.4 

The Consolidated Edison Retirement Plan – Part I 

THE 
 CONSOLIDATED

 EDISON 

RETIREMENT PLAN 
 Part I

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

 The Consolidated Edison Retirement Plan – Part I 

Subject to the Following Amendments and Clarifications: 
  

	•	 	Clarified on May 2, 2002; 

  

	•	 	Amended December 13, 2001; 

  

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

  

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

 

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

  

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

 

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

  

	•	 	Amended and Restated November 2004 for Miscellaneous Changes; 

  

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

  

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

  

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

  
 1 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  

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

 

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

 

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

  

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

  

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

  
 2 

 The Consolidated Edison Retirement Plan – Part I 

 

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

 

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

  

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

  

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

  
 3 

 The Consolidated Edison Retirement Plan – Part I 

 

 TABLE OF CONTENTS 

 

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

  
 4 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  
 5 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  
 6 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  
 7 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  
 8 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  
 9 

 The Consolidated Edison Retirement Plan – Part I 

 

 THE CONSOLIDATED EDISON RETIREMENT PLAN 

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

Effective January 1, 2001, the Weekly Plan was amended and renamed the Consolidated Edison Retirement Plan (the “Plan”) to take
into account, among other things, the impact the formation of the new controlled group has on the Plan; namely, that CEI is referred to throughout and serves as the Company, CECONY is the Plan Sponsor and an Employer and certain affiliates are, or
will become, Participating Employers. Furthermore, effective January 1, 2001, the Management Plan and the Employees’ Retirement Plan of Orange and Rockland Utilities, Inc. were merged into the Plan as a single plan, as that term is defined
in the Internal Revenue Code of 1986, as amended, (the “Code”) Section 414(l). 
 On April 9, 2003, the IRS issued a
favorable determination letter on the Plan taking into account the changes made by the Uruguay Round Amendments Act, Pub. L. 103-465, the Small Business Job Protection Act of 1996. Pub. L. 104-188, the Uniformed Services Employment and Reemployment
Rights Act of 1994, Pub. L. 103-353, the Taxpayer Relief Act of 1997, Pub. L. 105-34, the IRS Restructuring and Reform Act of 1998, Pub. L. 105-206, and the Community Renewal Tax Relief Act of 2000, Pub. L. 106-554. 

  
 10 

 The Consolidated Edison Retirement Plan – Part I 

 

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

There are two changes resulting from the Local 1-2 2004 CBA. Effective for retirements after June 27, 2004, the definition of “Final
Average Pay” changed from a 5-year to a 4-year high. Second, a CECONY Weekly Participant who is hired on or after June 27, 2004 (“CECONY Weekly Participant-1”) has as his or her normal form of pension allowance a single life
annuity and all other forms of benefits are the actuarial equivalent of the single life annuity. CECONY does not subsidize the qualified joint and survivor annuities or the qualified pre-retirement survivor annuity for the CECONY Weekly
Participant-1. 
 There are three changes resulting from the Local 503 2004 CBA. First, effective January 1, 2005, the pivot year will
change from 1998 to January 1, 2000 and effective January 1, 2008, the pivot year will change from 2000 to 2003. Second, effective January 1, 2005, for those pensions that begin after age 60 and end at age 62 the supplemental monthly
payment of $600 will be increased to $800. Third, an O&R hourly employee hired on and after January 1, 2005 (“O&R Hourly Participant-1”) will not be entitled to a pension benefit adjustment. 

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

  
 11 

 The Consolidated Edison Retirement Plan – Part I 

 

 The Plan was amended, effective March 28, 2005, in accordance with
Section 401(a)(31)(B)(i) of the Internal Revenue Code (“Code”) added as part of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). The required amendment reduces involuntary distributions from $5,000 to $1,000 of
those vested accrued benefits. 
 The Plan was amended, effective June 26, 2005, to take into account four changes resulting from the
2005 –2009 Collective Bargaining Contract between Consolidated Edison Company of New York, Inc. and Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (“Local 3 2005 CBA”). First, effective
June 26, 2005, for each CECONY weekly Local 3 employee who was on the payroll as of June 25, 2005, the definition of “Final Average Pay” will change from a 5 –year to a 4 –year high. Second, effective June 26,
2005, a CECONY weekly local 3 employee hired on or after June 26, 2005, (“CECONY Local 3 Employee-1”) will have as his or her normal form of pension allowance a single life annuity and all other forms of benefits will be the actuarial
equivalent of the single life annuity. CECONY will no longer subsidize the qualified joint and survivor annuities or the qualified pre-retirement survivor annuity for CECONY Local 3 Employee-1. Third, effective June 26, 2006, a CECONY Local 3
Employee –1 will be eligible for an unreduced early retirement pension allowance benefit at age 59 with 30 years of service or age 60 with 15 years of Accredited service. And, fourth, the pension allowance for a CECONY Local 3 Employee–1
will not be eligible for a cost of living adjustment. 
 The Plan was amended to take into account the changes made by EGTRRA, as such
changes were effective as of January 1, 2002, and subsequent legislation and regulations up to and including those with effective dates on and after January 1, 2007. These Plan amendments supersede any provisions to the extent those provisions
are inconsistent with the provisions of this Plan amendment. 

  
 12 

 The Consolidated Edison Retirement Plan – Part I 

 

 On January 30, 2007, in accordance with Revenue Procedure 2055-66, the Plan was
submitted to the IRS for a favorable determination letter. The submission took into account the requirements of the Economic Growth and Tax Relief Reconciliation Act of 2001 and other items identified on the 2005 Cumulative List of Changes in Plan
Qualification Requirements. 
 On September 23, 2008, the IRS issued a favorable determination letter on the Plan (“2008
Determination Letter”). The 2008 Determination Letter considered the 2005 Cumulative List of Changes in Plan Qualification. The 2008 Determination Letter favorably applied to the proposed amendments submitted to the IRS in February 2007 and
July 2008 (“Proposed Amendments”). The Plan includes the requirements set forth in the 2008 Determination Letter including the Proposed Amendments. 

Effective January 1, 2008, the Plan was amended to provide that survivor pension benefits are available to a Participant who has a same
sex domestic partner (“Same Sex Domestic Partner Survivor Benefits”). The Participant’s domestic partner must meet certain criteria (“Domestic Partner”) established by the Plan Administrator. The electing Participant bears
the costs of providing the Same Sex Domestic Partner Survivor Benefit. 
 Effective January 1, 2008, the Plan was also amended to
change the vesting schedule for CEI Participants and all other Participants covered by the cash balance formula. Effective January 1, 2008, actively employed Participants who are covered by the cash balance formula and have an Hour of Service
on or after January 1, 2008, will become 100% vested after three years of Vesting Service. The Plan was also amended to include a statutory mandated 75% qualified joint and survivor annuity. 

  
 13 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

  
 14 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

  
 15 

 The Consolidated Edison Retirement Plan – Part I 

 

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

The Plan was amended, effective January 1, 2011, to change the pivot year from January 1, 2000, to January 1, 2003, for an
O&R Management Participant who retires on or after January 1, 2011. Also, effective January 1, 2011, each O&R Management Participant who begins his or her Pension Allowance on or after age 60 will receive a supplemental monthly
payment of $900 - increased from $800 – per month for each month before age 62. 
 Internal Revenue Code § 401(a)(37), added by
the HEART Act, requires the Retirement Plan to provide that the survivors of a Participant who dies on or after January 1, 2007, while performing qualified military service, be entitled to any additional benefits, —other than benefit
accruals relating to the period of qualified military service,—that would have been provided under the Retirement Plan had the Participant resumed employment and then terminated employment on account of death. Currently, the Retirement Plan
provides that an employee reemployed under Uniformed Services Employment Reemployment Recovery Act (USERRA) is treated as not having incurred a break in service because of the period of qualified military service and the employee’s qualified
military service is treated as service with the employer for vesting and benefit accrual purposes. 

  
 16 

 The Consolidated Edison Retirement Plan – Part I 

 

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

In accordance with Internal Revenue Code § 401(a)(37), the Retirement Plan is being amended to provide vesting credit –but not
benefit accrual service credit —for the period of the deceased Participant’s period of qualified military service. 
 In
accordance with Revenue Procedure 2011-6, 2011-1 I.R.B. 195, the Plan was amended, restated, and submitted to the IRS for a favorable determination letter taking into account the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act),
Pub. L. 110-245, the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), Pub. L. 110-458, and the Small Business Jobs Act of 2010 (SBJA), Pub. L. 111-240. Additionally, as part of the restatement submission, Part II
(a) was updated solely to eliminate from the current document actuarial tables that no longer apply. 
 On August 30, 2013, the
Plan received a favorable determination letter which will expire on January 31, 2017. The letter considered the 2010 Cumulative List of Changes in Plan Qualification Requirements. 

  
 17 

 The Consolidated Edison Retirement Plan – Part I 

 

 Since the date – January 2012 – that the Plan was submitted to the IRS for a
favorable determination letter, the Plan has been amended as follows: 
 1. In June 2013, the Internal Revenue Service Agent requested a
plan amendment taking into account a change to the definition and determination of “key employee,” for purposes of top-heavy status. The Plan was amended to address the change. 

2. In February 2012, the Boards upon having adopted recommendations from Mary Adamo, Vice President, Human Resources, the Retirement Plan was
amended to take into account changes: to the early retirement age for certain CECONY Management Participants and O&R Management Participants; the elimination of the subsidized 50% joint and survivor benefit for certain CECONY Management
Participants; and a change in the structure of the Named Fiduciaries. 
 3. As a result of the July 2012 collective bargaining negotiations
between Local 1-2 and CECONY, the Retirement Plan was amended to provide that employees who are hired, rehired, or transferred, on or after July 1, 2012, into a Local 1-2 title, will have their pension benefits calculated under the cash balance
formula. 
 4. Also, on June 30, 2012, the Plan Administrator adopted a change, effective July 1, 2013, to the Suspension of
Benefits Rule and other administrative and/or operational changes that are not material, and promote further efficiencies and uniformity in plan administration. 

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

  
 18 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

  
 19 

 The Consolidated Edison Retirement Plan – Part I 

 

 Article I 

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

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

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

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

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

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

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

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

  
 20 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

c. dividing the amount determined in (b) by the lesser of (x) the sum of (A) 0.9694, plus (B) the product of 0.7194
and the amount determined in (a), or (y) 1.0300; 
 d. subtracting 1.0000 from the amount determined in (c); and 

e. multiplying the amount determined in (d) by 100, provided, however, that in no event shall the Adjusted IRS Interest Rate
exceed the IRS Interest Rate as of any date of determination. 
 Effective for determining a CECONY Participant’s present value of
benefits on and after January 1, 2009, the Adjusted IRS Interest Rate means the rate of interest used in conjunction with the IRS Interest Rate in the calculation of the present value of benefits. The adjustment to the IRS Interest Rate is made
to reflect the prospective cost of living adjustments, pursuant to section 11.02, and is determined in the following manner: 
 f.
First, the annual percentage change in Consumer Price Index, All Urban Consumers - US City Average (“CPI-U”) is measured in October of each year. The period begins on October 1st of the prior year and ends September 30th of the
current year. Each of the past ten annual periods is compiled. 
 g. Second, to the extent that any of the annual percentage changes
in (a) are/were greater than 4%, the change for that annual period is limited to 4%. 

  
 21 

 The Consolidated Edison Retirement Plan – Part I 

 

 h. Third, the 10 annual periods, after an adjustment, if necessary under (b), are
multiplied together to determine the cumulative 10-year impact of the CPI-U Index. 
 i. Fourth, the cumulative impact calculated in
(c) is annualized so that the resulting number, multiplied by itself 10 times will result in the cumulative impact calculated in (c). 

j. Fifth, the assumed automatic cost-of-living adjustment is 75% of the average CPI in the fourth step (d) rounded to the nearest
..001. The results of the first to the fourth steps are done without any rounding. 
 k. Fifth, the annualized number from (d) is
the CPI used to adjust the IRS Interest Rate segments published monthly for use during the following calendar year (January to December). 

l. The Adjusted Interest Rate is determined by dividing the IRS Interest Rate for each segment by the adjustment determined in the
fifth step in (e). This step can be expressed by the formula: (1+ IRS Segment Rate) / (1+ Adjustment) -1. 
 1.06 Affiliate means any company which
is a member of a controlled group of corporations (as defined in Code Section 414(b)), which also includes as a member the Company, any trade or business under common control (as defined in Code Section 414(c)), with the Company, any
organization (whether or not incorporated) which is a member of an affiliated service group (as defined in Code Section 414(m)), which includes the Company, and any other entity required to be aggregated with the Company pursuant to regulations
under Code Section 414(o). Notwithstanding the foregoing sentence, for purposes of determining the Maximum Benefit Limitation, the definitions in Code Sections 414(b) and (c) shall be modified as provided in Code Section 415(h). 

  
 22 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.07 Annual Basic Straight-Time Compensation means: 

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

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

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

  
 23 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

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

  
 24 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.08 Annual Compensation means: 

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

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

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

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

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

  
 25 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

  
 26 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

  
 27 

 The Consolidated Edison Retirement Plan – Part I 

 

 
incentive compensation plan is on a prospective basis. Effective November 15, 2001, the amount of any award to be counted under this Retirement Plan for a CECONY Participant or a CEI
Participant shall not exceed 25% of the Participant’s rate of base annual salary or pay in effect as of January 1 of the Plan Year in which the award is made. Any awards under a long-term incentive compensation plan shall not be includible
in any Annual Variable Pay Award. Commissions paid by an Employer also shall be considered to have been awarded pursuant to a short-term incentive compensation plan and shall be subject to the overall aggregate limit of 25% of base annual salary
(exclusive of commissions). 
 1.12 Annuity Starting Date or ASD means, unless the Plan expressly provides otherwise, the first day of the first
period in or for which an amount is due as an annuity or any other form. 
 1.13 Approved Leave of Absence means, for an O&R Employee, an absence
from employment, granted to and approved by O&R in a uniform and non-discriminatory manner; it also means an absence for service in the Armed Forces or other governmental agency, provided that, and only so long as, reemployment rights are
protected by law. 
 1.14 Austerity Measures mean for CECONY, certain measures taken in response to the April ‘09 Austerity Order, including a
temporary salary reduction for CECONY Management Employees in salary bands three and above as well as officers. Austerity Measures means, for O&R, certain measures taken in response to the May ‘09 Austerity Order, including a temporary
salary freeze for O&R Management Employees as well as officers. 
 1.15 Beneficiary means the person, persons, or entity named by a Participant
by written designation filed with the Plan Administrator to receive payments after the Participant’s death. 

  
 28 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

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

  
 29 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.22 CECONY means the Consolidated Edison Company of New York, Inc., and any successor by merger,
purchase or otherwise. 
 1.23 CECONY Austerity Affected Participant means a CECONY management employee in salary bands three and above, including
employees in band numbers 63 up to and including 66, as well as officers. 
 1.24 CECONY Austerity Period means the period that begins on
July 1, 2009 and ends on June 30, 2010. 
 1.25 CECONY Local 3 Employee –1 means a CECONY Weekly Employee who is a member of Local 3
and hired on or after June 26, 2005. 
 1.26 CECONY Management Participant means (i) a Participant who was in the CECONY Management Plan on
or before December 31, 2000; (ii) a “transferred O&R Management Participant,” as defined in Appendix C, who by the terms and operation of Appendix C, becomes a CECONY Management Participant and is not covered under the cash
balance formula; (iii) and an Affected IP Employee (as defined in Appendix J) hired on or after January 1, 2001, on the management payroll of CECONY and who, but for this provision, would have been a CEI Participant. Unless otherwise
explicitly set forth, reference to a “CECONY Management Participant” includes a CECONY Management Participant who has not attained age 50 on or before January 1, 2013 (hereinafter a “CECONY Management Participant Tier 1”).

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

  
 30 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.27 CECONY Management Plan means the Consolidated Edison Retirement Plan for Management Employees, as
in effect on December 31, 2000. 
 1.28 CECONY Participant means a CECONY Weekly Participant, a CECONY Management Participant and a CECONY
Transferred Participant. CECONY Participant also means a former employee and/or retiree of CECONY who, as of December 31, 2000, had a vested right to a Pension Allowance from the CECONY Management Plan or the CECONY Weekly Plan. A CECONY
Participant does not include a CEI Participant. 
 1.29 CECONY Retiree Health Program means The Consolidated Edison Retiree Health Program. 

1.30 CECONY Transferred Participant means a CECONY Management Participant who transfers directly, without a break in employment, from the payroll of
CECONY to the payroll of O&R, a CEI Affiliate, or another Employer. 
 1.31 CECONY Weekly Employee means an Eligible Employee employed by and on
the weekly payroll of CECONY who is a member of Local 1-2, or a member of Local 3. In all cases other than those cases explicitly set forth otherwise, reference to a “CECONY Weekly Employee” includes a CECONY Weekly Employee-1 and a CECONY
Local 3 Employee-1. 
 A CECONY Weekly Participant does not include an employee hired, rehired (except a former employee member of the Local
1-2 bargaining unit covered under the final average pay formula and who deferred receipt of a pension benefit), or transferred (except for an employee who transferred back into the Local 1-2 bargaining unit and who was previously covered by the
final average pay formula) into Local 1-2 on or after July 1, 2012. An employee hired, rehired, or transferred into Local 1-2 on or after July 1, 2012 (and not falling within the exceptions above) is covered by the cash balance formula and
therefore classified in the Retirement Plan as a CEI Participant. 

  
 31 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.32 CECONY Weekly Employee-1 means a CECONY Weekly Employee who is a member of Local 1-2 Weekly and
hired on and after June 27, 2004. 
 1.33 CECONY Weekly Participant means a CECONY Weekly Employee who was a Participant in the CECONY Weekly
Plan or becomes a Participant in this Retirement Plan. A CECONY Weekly Participant does not include a member of Local 3 hired on or after January 1, 2010, unless otherwise specifically stated. A member of Local 3 hired on or after
January 1, 2010, as a CECONY Weekly Employee is covered by the cash balance formula and therefore classified in the Retirement Plan as a CEI Participant. 

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

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

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

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

  
 32 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.37 CEI Participant means an Eligible Employee of CECONY or O&R who is on the management payroll
and hired on or after January 1, 2001. A CEI Participant is not an Affected IP Employee (as defined in Appendix J). CEI Participant also means an Eligible Employee of a CEI Affiliate for whom the CEI Affiliate has elected to extend and CECONY
has approved the participation in the Retirement Plan, as set forth in Appendix B. CEI Participant also means an Eligible Employee of an Affiliate that becomes an Employer on or after January 1, 2001, and for whom such Employer, with the
consent of CECONY, extends participation. 
 A CEI Participant also means an O&R Hourly Employee hired on or after January 1, 2010,
and a CECONY Weekly Employee who is a member of Local 3 and hired on or after January 1, 2010. 
 A CEI Participant also means an
employee who is hired, rehired (except a former employee member of the Local 1-2 bargaining unit covered under the final average pay formula and who deferred receipt of a pension benefit), or transferred (except for an employee who transferred back
into Local 1-2 bargaining unit and who was previously covered by the final average pay formula) into Local 1-2 on or after July 1, 2012. 
 1.38
Code means the Internal Revenue Code of 1986, as amended from time to time. 
 1.39 Code Section 415(c)(3) Compensation means the inclusion
of the Employee’s wages, salaries, fees for professional services, and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of employment, with the employer
maintaining the Plan, to the extent that the amounts are includible in gross income. 
 Code Section 415(c)(3) Compensation includes
amounts that would have been received and includible in gross income but for an election under section 125(a), 

  
 33 

 The Consolidated Edison Retirement Plan – Part I 

 

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

Code Section 415(c)(3) Compensation includes amounts described in section 104(a)(3), 105(a), or 105(h), but only to the extent that these
amounts are includible in the gross income of the Employee. 
 Code Section 415(c)(3) Compensation includes amounts paid or reimbursed
by the Employer for moving expenses incurred by an Employee, but only to the extent that at the time of the payment it is reasonable to believe that these amounts are not deductible by the Employee. 

Code Section 415(c)(3) Compensation includes the value of a nonstatutory option granted to an Employee, but only to the extent that the
value of the option is includible in the gross income of the Employee for the taxable year in which granted. 
 Code Section 415(c)(3)
Compensation includes amounts includible in the gross income of an Employee upon making the election described in section 83(b). 
 Code
Section 415(c)(3) Compensation includes amounts that are includible in the gross income of an Employee under the rules of section 409A or section 457(f)(1)(A) or because the amounts are constructively received by the Employee. 

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

  
 34 

 The Consolidated Edison Retirement Plan – Part I 

 

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

Code Section 415(c)(3) Compensation does not include amounts realized from the exercise of a nonstatutory option (which is an option
other than a statutory option as defined in § 1.421-1(b)), or when restricted stock or other property held by an Employee either becomes freely transferable or is no longer subject to a substantial risk of forfeiture (see section 83 and
regulations promulgated under section 83). 
 Code Section 415(c)(3) Compensation does not include amounts realized from the sale,
exchange, or other disposition of stock acquired under a statutory stock option (as defined in § 1.421-1(b)). 
 Code
Section 415(c)(3) Compensation does not include other amounts that receive special tax benefits, such as premiums for group-term life insurance (but only to the extent that the premiums are not includible in the gross income of the Employee and
are not salary reduction amounts that are described in section 125). 
 For Plan Years beginning after July 1, 2007, Code
Section 415(c)(3) Compensation also includes compensation paid by the later of 2  1⁄2 months after an Employee’s Severance or the end of the Plan
Year that includes the date of the Employee’s Severance with the Employer if: (i) the payment is regular compensation for services during the Employee’s regular working hours, or compensation for services outside the Employee’s
regular working hours, such as overtime or shift differential, commissions, bonuses, or other similar payments, and absent a Severance, the payments would have been paid to the Employee 

  
 35 

 The Consolidated Edison Retirement Plan – Part I 

 

 
while the Employee continued in employment with the Employer; (ii) the payment is for unused accrued bona fide sick, vacation or other leave that the Employee would have been able to use if
employment had continued; or (iii) the payment is received by the Employee pursuant to a nonqualified unfunded deferred compensation plan and would have been paid at the same time if employment had continued, but only to the extent includible
in gross income. Any payment not described above shall not be considered Code Section 415(c)(3) Compensation, even if paid by the later of 2  1⁄2 months
after the date of Severance or the end of the Plan Year that includes the date of Severance. 
 1.40 Company means CEI or any successor by merger,
purchase or otherwise. 
 1.41 Consolidated RPA ’94 Lump Sum Conversion Factors means, effective January 1, 1997, the table of actuarial
factors used to convert an immediate or deferred annuity, determined in accordance with or by reference to Section 4.02, into an actuarially equivalent lump sum. Such factors shall be based on the IRS Mortality Table and shall take into account
the IRS Interest Rate for the period prior to a Participant’s Normal Retirement Date and the Adjusted IRS Interest Rate for the period subsequent to the Participant’s Normal Retirement Date. 

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

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

  
 36 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.42 Credited Service means each Plan Year in which the O&R Participant has earned or is credited
with a Year of Vesting Service during Plan participation. Effective on and after January 1, 2001, Credited Service means Accredited Service. 
 1.43
Disability means a total and permanent disability, which qualifies the Participant to receive Social Security disability benefits. 
 1.44 Domestic
Partner means the person who meets the criteria enumerated in Article XIV and is registered as the Domestic Partner of a Participant. 
 1.45
Effective Date means (i) August 1, 1975, for the CECONY Weekly Plan; (ii) January 1, 1983, for the CECONY Management Plan; (iii) February 1, 1954, for the O&R Plan; and (iv) January 1, 2001, for this
merged single Retirement Plan. 
 1.46 Eligible Employee means, in the case of CECONY and O&R, unless otherwise excluded, an Employee. In the
case of a CEI Affiliate, only a CECONY Transferred Participant is an Eligible Employee. If a CEI Affiliate has elected or elects, with the written approval of CECONY, to extend participation in the Retirement Plan, as set forth in Appendix B, to one
or more of its employees, then an Eligible Employee is a person employed by a CEI Affiliate that is a participating employer. An Employee employed at a CEI Affiliate that is not a participating employer and does not have the written approval of
CECONY is not an Eligible Employee. In the case of any other Employer, an Eligible Employee is only the person(s) to whom such Employer specifically elects or elected, with the approval of CECONY, to extend participation in this Plan, as set forth
in Appendix B. 
 An Eligible Employee does not mean a person working on a temporary or seasonal basis. An Eligible Employee is not a Leased
Employee or a person who has entered into a written contract that provides he or she (a) is an independent contractor and not an Employee and/or (b) waives participation in the Retirement Plan. An independent contractor shall not be
eligible to participate in the Plan 

  
 37 

 The Consolidated Edison Retirement Plan – Part I 

 

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

1.47 Employee means any individual who is employed by and a common law employee of the Company, an Employer, or an Affiliate or who is a Leased
Employee. An Employee means a person who is receiving compensation other than a pension, severance pay, a retainer, or fee under contract. 
 1.48
Employer or Employers means one, more than one, or all, as the context so indicates, of CECONY, O&R, each CEI Affiliate, and each Affiliate to the extent that it has elected or elects, in the future, to participate in the Plan with the
written consent of CECONY. 
 1.49 ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

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

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

  
 38 

 The Consolidated Edison Retirement Plan – Part I 

 

 Effective for retirements after June 26, 2005, Final Average Pay means, for a CECONY
Weekly Employee who is a member of Local 3 Weekly, other than a CECONY Local 3 Employee-1, the average of Annual Basic Straight-Time Compensation calculated to the nearest whole dollar for the forty eight (48) consecutive calendar months out of
the last one hundred twenty (120) months of his or her Accredited Service which produce the highest average. 
 If a CECONY Weekly
Employee has less than sixty (60) or for retirements on and after June 27, 2004, or for a CECONY Local 3, other than a CECONY Local 3 Employee-1, after June 26, 2005, forty eight (48), consecutive calendar months, Final Average Pay
means the highest average of his or her Annual Basic Straight-Time Compensation during all months of Accredited Service. 
 For (1) a
Local 3 Weekly Employee, who has an effective retirement date after August 31, 1997 and before December 1, 2001, fifty percent (50%); (2) a Local 1-2 Weekly Employee who has an effective retirement date after November 30, 2000
one hundred percent (100%); and, (3) a Local 3 Employee who has an effective retirement date after November 30, 2001, one hundred percent (100%); of the aggregate amount of his or her pay attributable exclusively to Sunday premium pay and
night shift and midnight shift differential premium pay during a calendar year shall be added to his or her Annual Basic Straight-Time Compensation to determine Final Average Pay only under the Final Average Pay pension benefit formula. Solely for
purposes of this Section, months of Accredited Service separated by a Break in Service shall be deemed consecutive. 
 1.51 Final Average Salary
means, for purposes of a CECONY Management Participant, the average of Annual Basic Straight-Time Compensation and the Annual Variable Pay Awards added together and each calculated to the nearest whole dollar. Final Average Salary is determined
based on the sixty (60) consecutive calendar months, or, effective for retirements on and after January 1, 2005, forty eight (48) consecutive calendar months in the last one hundred twenty (120) months of his or her Accredited
Service which produce the highest average, 

  
 39 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

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

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

  
 40 

 The Consolidated Edison Retirement Plan – Part I 

 

 c. An hour for which an Employee is directly or indirectly paid, or entitled to
payment, on account of a period during which no duties are performed is not required to be credited to the Employee if such payment is made or due under a plan maintained solely for the purpose of complying with applicable workers’
compensation, or unemployment compensation or disability insurance laws. 
 d. Hours of Service are not required to be credited for a
payment which solely reimburses an Employee for medical or medically related expenses incurred by the Employee. A payment shall be deemed to be made by or due from the Company or an Affiliate regardless of whether such payment is made by or due from
the Company or an Affiliate directly, or indirectly through, among others, a trust fund, or insurer, to which the Company or an Affiliate contributes or pays premiums and regardless of whether contributions made or due to the trust fund, insurer or
other entity are for the benefit of particular Employees or are on behalf of a group of Employees in the aggregate. 
 e. An Hour of
Service is each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company or an Affiliate. The same Hours of Service shall not be credited both under subsection (a) or subsection (b), as the
case may be, and under this subsection (e). Crediting of Hours of Service for back pay awarded or agreed to with respect to periods described in subsection (b) shall be subject to the limitations set forth in that paragraph. 

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

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

  
 41 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

  
 42 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

1.56 IRS Mortality Table means the mortality table prescribed by Secretary of the Treasury under Code Section 417(e)(3)(A)(ii)(I) as in effect on
the first day of the applicable Stability Period. The change to the mortality table stated in Revenue Ruling 2001-62 will be effective, as stated in such Revenue Ruling, on the first day of the Plan Year beginning on January 1, 2002.
Thereafter, the IRS Mortality Table will be the table prescribed in Code Section 417(e). 
 a. On and after January 1,
2008, for purposes of calculating a Participant’s Cash Balance Accrued Benefit and for purposes of calculating a single life annuity 

  
 43 

 The Consolidated Edison Retirement Plan – Part I 

 

 
which is the Actuarial Equivalent of the Cash Balance Account, the IRS Mortality Table is the mortality table prescribed under Section 417(e)(3)(B) of the Code (as it reads effective on and
after the first day of the 2008 Plan Year) as in effect on the first day of the applicable Stability Period. 
 b. On and after
January 1, 2008, and before January 1, 2009, for purposes of calculating a Level Income Option under Section 5.02(b)(6) or a lump sum distribution under Section 5.02(c)(3), the IRS Mortality Table is the mortality table
prescribed by Revenue Ruling 2001-62 as in effect on the first day of the applicable Stability Period. 
 c. On and after
January 1, 2009, for purposes of calculating the value of a Small Pension Allowance under Section 5.01(c)(3), a Level Income Option under Section 5.02(b)(6) or a lump sum distribution under Section 5.02(c)(3), the IRS Mortality
Table is the mortality table prescribed under Section 417(e)(3)(B) of the Code (as it reads effective on and after the first day of the 2008 Plan Year) as in effect on the first day of the applicable Stability Period. 

1.57 Layoff means an Employee’s separation from the active payroll of an Employer for lack of work or such other reason, in no way the fault of
the Employee, as may be determined by the Employer. 
 1.58 Leased Employee means any person performing services for the Company or an Affiliate as a
leased employee as defined in Code Section 414(n). In the case of any person who is a Leased Employee before or after a period of service as an Employee, the entire period during which he or she has performed services as a Leased Employee shall
be counted for service as an Employee for all purposes of the Plan, except that he or she shall not, by reason of that status, become a Participant of the Plan or earn Accredited Service. A Leased Employee is not an Eligible Employee, eligible
Participant or eligible individual for purposes of participating in the Retirement Plan during and while a Leased Employee. A 

  
 44 

 The Consolidated Edison Retirement Plan – Part I 

 

 
Leased Employee is excluded from participation if employed in the capacity of an independent contractor or leased employee, even if such individual is subsequently determined to be a common law
employee of an Employer, Affiliate or the Company. 
 Effective for Plan Years beginning after 1996, the Plan will apply the amended
definition of a Leased Employee, as set forth in Code Section 414(n) and the Regulations, by deleting the term “...such services are of a type historically performed by Employees in the business field of the recipient...” to
“...whose services are performed under the primary direction or control by the recipient....” 
 1.59 Limitation Year means the
calendar year. 
 1.60 Local 1-2 means Local Union Nos. 1-2 of the Utility Workers Union of America, AFL-CIO. 

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

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

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

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

  
 45 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.65 Named Fiduciary(ies) means the person or persons designated in accordance with Section 7.01
to serve as named fiduciaries, within the meaning of ERISA Section 4.02(a), with respect to the Retirement Plan. 
 Effective on and
after February 15, 2012, reference to the term “Named Fiduciaries” means the “Named Fiduciaries Committee” unless reference is an individual or individuals serving as a Named Fiduciary of the Named Fiduciary Committee. 

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

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

1.68 Normal Retirement Date means the first day of the calendar month immediately following an Employee’s Normal Retirement Age. For an O&R
Participant, Normal Retirement Date is the first day of the calendar month coincident with or next following his or her Normal Retirement Age. 
 1.69
O&R means Orange and Rockland Utilities, Inc. and its affiliates, Rockland Electric Company and Pike County Light and Power Company. 
 1.70
O&R Austerity Period means the period that begins on August 1, 2009 and ends on June 30, 2010. 

  
 46 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

1.73 O&R Hourly Employee means an Employee who is employed by and on the active payroll of O&R and a member of Local 503. Unless explicitly set
forth otherwise, reference to an O&R Hourly Employee includes an O&R Hourly Employee-1. 
 1.74 O&R Hourly Employee-1 means an O&R
Hourly Employee who is hired on or after January 1, 2005. 
 1.75 O&R Management Employee means an O&R Employee on the management
payroll of O&R as of December 31, 2000. 
 1.76 O&R Participant means an O&R Management Employee and an O&R Hourly Employee who
have met the participation requirements of Section 2.01, and any former O&R Employee who, as of December 31, 2000, has a vested Pension Allowance in the O&R Retirement Plan. O&R Participant does not include an O&R Hourly
Employee hired on or after January 1, 2010. An O&R Participant does not include a member of Local 503 hired on or after January 1, 2010, unless otherwise specifically stated. A member of Local 503 hired on and after January 1,
2010, as an O&R Hourly Employee is covered by the cash balance formula and classified as a CEI Participant. 
 1.77 O&R Plan means the
Employees’ Retirement Plan of Orange and Rockland Utilities, Inc. as in effect on December 31, 2000. 
 1.78 Parental Leave means a period
in which the Employee is absent from work immediately following his or her active employment because of the 

  
 47 

 The Consolidated Edison Retirement Plan – Part I 

 

 
Employee’s pregnancy, the birth of the Employee’s child, the placement of a child with the Employee in connection with the adoption of that child by the Employee, or for purposes of
caring for that child for a period beginning immediately following birth or placement. 
 1.79 Participant means a CECONY Participant, O&R
Participant, and a CEI Participant. 
 1.80 Pension Allowance means a Participant’s accrued benefit or an Accumulated Benefit payable in the
form of monthly payments (e.g., a single life annuity or a qualified joint and 50% survivor annuity) as provided in Article 5. A Pension Allowance may be payable as a Normal Retirement Pension Allowance, an Early Retirement Pension Allowance, a
Disability Pension Allowance or a Vested Pension Allowance. If a Participant is deemed to elect a single sum payment, his or her Pension Allowance is a Cash Out or a Cash Balance Single Sum Payment, as the case may be. 

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

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

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

  
 48 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.85 Prior Plan or Prior Plans mean one or more of the CECONY Weekly Retirement Plan, the CECONY
Management Plan or the O&R Retirement Plan, as in effect on December 31, 2000. 
 1.86 Rule of 75 Participant means a CECONY Participant
whose years of age and Accredited Service (each rounded to the nearest whole number) total at least 75 (“75 points”) on the Annuity Starting Date. 

1.87 Rule of 85 Participant means an O&R Participant whose years of age and Vesting Service (on the Plan Year measurement basis only) total at
least 85 on the O&R Participant’s Early Retirement Date. 
 1.88 Severance means, for purposes of defining and determining what is and what
is not included in Code Section 415(c) Compensation, a termination from the employment of all of the Employers, including an employer who is not a Participating Employer. 

1.89 Social Security Retirement Age means age 65 for a Participant born before January 1, 1938; age 66 for a Participant born after
December 31, 1937, and before January 1, 1955; and age 67 for a Participant born after December 31, 1954. 
 1.90 Social Security Taxable
Wage Base means the taxable wage base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year in which occurs the Participant’s termination of employment from the Company or an Affiliate. 

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

  
 49 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

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

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

  
 50 

 The Consolidated Edison Retirement Plan – Part I 

 

 1.94 Surviving Spouse means, for a CECONY Participant or a CEI Participant, the lawful spouse married
to the Participant on the Participant’s Annuity Starting Date. Surviving Spouse means, for an O&R Participant, the lawful spouse who has been married to the Participant throughout the one-year period ending on the Annuity Starting Date and
surviving at the O&R Participant’s date of death. 
 1.95 Total Salary means the aggregate amount of Annual Compensation, of a CECONY
Participant, for his or her years of Accredited Service, calculated to the nearest whole dollar, not to exceed the last 30 years of Accredited Service. Total Salary equals the sum of a CECONY Participant’s Annual Compensation (1) in the
year of retirement and/or termination from employment, plus (2) in each of the 14 Plan Years before retirement and/or termination from employment, plus (3) Annual Compensation for each earlier year of Accredited Service, not to exceed 16
years, at the Annual Compensation rate for the 14th calendar year prior to the calendar year of his or her retirement and/or termination from employment (“Pivot Year Compensation”). 

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

  
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 1.96 Trustee means the trustee or trustees by whom the funds of the Plan are held, as provided in
Article 8. 
 1.97 Transferred O&R Management Participant means an Employee described in Appendix C of the Retirement Plan. 

1.98 Vesting Service means service recognized for purposes of determining a Participant’s non-forfeitable right to a Pension Allowance under the
Plan. Vesting Service is computed based on the Plan Year. 
 1.99 Year of Accredited Service means 12 months of consecutive or non-consecutive
Accredited Service. A Participant earns or is credited with a month of Accredited Service for each month he or she is on an active payroll, receives Annual Compensation in that month, and is an Eligible Employee and a Participant in the Retirement
Plan. 

  
 52 

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 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. 

  
 53 

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 f. A CECONY Weekly Employee who is a member of Local 3 and who is hired on or after
January 1, 2010, becomes a CEI Participant as of the date he or she completes an Hour of Service. 
 g. A CECONY Weekly Employee
who a member of Local 1-2 and who is hired on or after July 1, 2012, becomes a CEI Participant as of the date he or she completes an Hour of Service. 

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

	2.02	Events Affecting Participation 

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

	2.03	Participation Upon Reemployment 

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

  
 54 

 The Consolidated Edison Retirement Plan – Part I 

 

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

	2.04	Pension Choice For PC Participant 

 a. The Pension Choice temporary program
provides a one-time opportunity for each PC Participant to make an irrevocable election to transfer out of the Cash Balance Pension Formula in the Retirement Plan and into the “Defined Contribution Pension Formula (“DCPF”),” as
described in the Consolidated Edison Thrift Savings Plan (“Thrift Savings Plan”). 
 b. The election period for a PC
Participant will begin no later than January 1, 2014, and will end on December 31, 2015 (“PC Election Period”). Beginning on and after January 1, 2016, the Pension Choice will end for a PC Participant and no new elections
will be accepted. 
 c. If a PC Participant elects to transfer out of the Cash Balance Pension Formula and into the Defined
Contribution Pension Formula during the first two months of a calendar quarter, he or she will cease active participation in the Retirement Plan as of the last day of that calendar quarter. However, if he or she submitted an election form after the
second month of the calendar quarter, he or she will cease participation in the Retirement Plan as of the last day of the next following calendar quarter. His or her last day of active participation in the Retirement Plan will be the last day of the
calendar quarter immediately preceding the first day of the calendar quarter in which he or she becomes covered under the Defined Contribution Pension Formula (“Transfer Date”). In no event, will a PC Participant be credited with service
under both the Cash Balance Pension Formula and the Defined Contribution Pension Formula. 

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

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

f. As of the Transfer Date, a PC Participant who elects to transfer out of the Cash Balance Pension Formula will have no additional
future compensation credits credited to his or her Cash Balance Pension benefit. 
 g. As of his or her Transfer Date, the PC
Participant will continue to receive only interest credits to his or her Cash Balance Pension benefit until the date that he or she begins distribution from the Retirement Plan. 

h. Each CECONY Weekly Employee who is a member of Local 3 and is hired on or after June 30, 2013 will be given a “Pension
Choice,” election as soon as administratively practicable after being hired and will have up to 60 days to make a one-time irrevocable election to be covered under the Cash Balance Pension Formula in the Retirement Plan. If he or she elects to
be covered under the Cash Balance Pension Formula in the Retirement Plan, he or she will be subject to the same terms and conditions as a CECONY Weekly Participant who is a member of Local 3 covered under the Cash Balance Pension Formula. Such
individual will not be given another Pension Choice. 
 i. Beginning as of July 1, 2013, participation in the Retirement Plan
for a newly hired (or rehired) CECONY Weekly Employee who is a member of Local 3 is limited to such person who makes an affirmative Pension Choice election to participate in the Cash Balance Pension Formula. 

  
 56 

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 j. If a Local 3 member affirmatively elects to participate in the Cash Balance Pension
Formula, he or she will receive service credit under the Cash Balance Pension Formula beginning on his or her hire date. 
 k. Each
CECONY Weekly Employee, who is a member of Local 3, was not actively employed on June 30, 2013, and is rehired on or after June 30, 2013, will be treated as follows: 
  

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

  

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

  
 57 

 The Consolidated Edison Retirement Plan – Part I 

 

 Article III 

Service 
  

	3.01	Vesting Service 

 a. Special Vesting Rules 

 

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

  

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

 

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

  

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

 

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

 

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

  
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 b. General Vesting Rules 

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

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

  

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

  
 59 

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 c. Break in Service Rules 

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

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

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

  
 60 

 The Consolidated Edison Retirement Plan – Part I 

 

	 	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 

  
 61 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

d. Accredited Service for a CECONY Participant shall include a period of absence due to a paid sick leave granted by CECONY. Effective
July 1, 1996, Accredited Service for a CECONY Participant and a CEI Participant shall include one period, of up to a maximum of six months, during which a CECONY Participant or a CEI Participant is on an approved leave of absence granted for
any reason other than sick leave. The first six months of such a Parental Leave or an FMLA leave granted for maternity or paternity reasons shall constitute Accredited Service, if the Participant returns to active employment for a period equal to
the lesser of (i) the Parental Leave or FMLA Leave or (ii) six months. 
 e. Unless otherwise explicitly set forth in the
Retirement Plan, Accredited Service shall not be credited for any period in which a Participant is not actively employed as an Eligible Employee. Any person who enters into a written contract that provides that he or she is an independent contractor
and not an Employee, and waives participation in the Plan, shall not receive any Accredited Service for the period such written contract is in effect. 

  
 62 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

 

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

  

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

  
 63 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  

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

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

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

 

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

 

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

  

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

  
 64 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  

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

  

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

  

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

  
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 The Consolidated Edison Retirement Plan – Part I 

 

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

 

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

  

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

  

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

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

 

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

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

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

 

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

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

 

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

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

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

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

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

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

 

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

 

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

  

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

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

  
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 Article IV 

Eligibility for and Amount of Benefits 
  

	4.01	Normal Retirement 

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

	4.02	Normal Retirement Pension Allowance 

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

 

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

  
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	 	2.	Compensation Credits 

  

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

  

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

  

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

  
 71 

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

  

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

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

 

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

 

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

  

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

  
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	 	3.	Interest Credits to Cash Balance Account 

  

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

  

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

 

	 	4.	Death Benefit 

  

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

  

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

  
 74 

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

  

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

  

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

  

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

  
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	4.03	Late Retirement 

 a. If a Participant postpones his or her retirement beyond his
or her Normal Retirement Date (“Late Retirement”), upon his or her termination of employment (“Late Retirement Date”), the Participant shall be entitled to a Late Retirement Pension Allowance beginning on the first day of the
calendar month after the Plan Administrator receives his or her written application to retire. A Participant who has served a minimum of two years in a high-level executive or policymaking position immediately preceding retirement and who is
entitled to a non-forfeitable, immediate, Company-provided annual retirement Pension Allowance from any source or combination of sources which is at least equal to a single life annuity of $44,000 per year may be retired at the election of the
Company at any time on or after his or her attainment of age 65. 
 b. A Participant who remains in service after his or her Normal
Retirement Date shall be entitled to a monthly retirement Pension Allowance for each month during the postponement period which is a Non-Suspendible Month. Upon termination of employment, the Participant shall be entitled to an immediate Late
Retirement Pension Allowance beginning on the Participant’s Late Retirement Date. Subject to the provisions of Section 5.01, his or her Late Retirement Pension Allowance shall be equal to the amount determined in accordance with the
applicable benefit formula as of his or her Late Retirement Date, reduced by an amount that is the Actuarial Equivalent of any Pension Allowance he or she previously received in any Non-Suspendible Month. 

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

  
 76 

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

 

	4.04	Early Retirement 

 a. CEI Participants 

 

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

  
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 The Consolidated Edison Retirement Plan – Part I 

 

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

b. CECONY Participants. 

A Rule of 75 Participant may retire and elect to commence receiving his or her Pension Allowance prior to his or her Normal Retirement Date
(“Early Retirement”). The amount of the Early Retirement Pension Allowance shall be determined below. 
 1. Attainment of Age 55
and 30 Years of Accredited Service This section applies to a CECONY Participant who has attained age 55 and has completed at least 30 years of Accredited Service as of the Annuity Starting Date. His or her Early Retirement Pension Allowance shall
equal the Normal Retirement Pension Allowance determined under the applicable benefit formula set forth in Appendix F. However, the portion of the Normal Retirement Pension Allowance, if any, for a CECONY Management Participant affected by the
Social Security Taxable Wage Base, will be reduced by the appropriate discount factor in Appendix A, Sub appendix A -1, Actuarial Factors Applicable to CECONY Participants, based on the Participant’s age as of his or her Annuity Starting Date.
This section applies to a CECONY Participant, including, a CECONY Local 3 Employee -1 who is hired before December 31, 2009, and has completed at least 30 years of Accredited Service as of the Annuity Starting Date. 

 

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

 

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

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

  

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

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

  

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

  

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

  
 80 

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

 3. Attainment of Age 60 This section applies to a CECONY Participant who has attained age 60 and has
completed at least 15 years of Accredited Service as of the Annuity Starting Date. His or her Early Retirement Pension Allowance shall be calculated using the same methodology as if he or she had attained age 55, and completed 30 years of Accredited
Service. 
 4. 75 Points Only 

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

c. O&R Participants 
  

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

  
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 The Consolidated Edison Retirement Plan – Part I 

 

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

  

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

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

  

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

  

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

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

  

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

 

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

  
 84 

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

 

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

  

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

  

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

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

 

	4.05	Vested Terminations Before Attaining Early Retirement 

 a. Vested Terminations
– Vesting Service Unless explicitly set forth otherwise, each Participant shall be 100% vested in, and have a nonforfeitable right to, his or her Pension Allowance upon completion of five Years of Vesting Service. Effective January 1,
2008, each CEI Participant who has an Hour of Service on and after January 1, 2008 shall become 100% fully vested upon completion of three years of vesting service. If the Participant’s employment with the Company or an Affiliate is
subsequently terminated for reasons other than retirement, death, or, if otherwise explicitly applicable to such a Participant, Disability, he or she shall be eligible for a deferred vested Pension Allowance payable on the Participant’s Normal
Retirement Date. 
 b. Vested Terminations for CECONY Participants A CECONY Participant who is not a Rule of 75 Participant, but who
is entitled to a deferred vested Pension Allowance, may elect to commence receipt of his or her vested Pension Allowance prior to his or her Normal Retirement Date. The vested Pension Allowance, payable as a Cash Out, will equal the Actuarial
Equivalent of his or her normal retirement Pension Allowance, in the form of a single life annuity. 

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

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

  

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

  

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

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

  

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

 

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

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

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

	4.06	Disability Pension Allowance – CECONY Participants 

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

There is no Disability Pension Allowance for a CEI Participant. 

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

  
 89 

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

There is no Disability Pension Allowance for a CEI Participant. 
  

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

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

  
 90 

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retirement under any other provision of the Plan and will be effective as of the first day of a calendar month not less than 30 nor more than 90 days next following the receipt by the Plan
Administrator of such written application, provided the Plan Administrator finds the Participant is disabled, as set forth herein (“O&R Disability Retirement Date”). The Plan Administrator must find to his or her satisfaction that a
physician designated by the O&R Participant and a physician designated by O&R have each certified an opinion that such O&R Participant is totally incapacitated, mentally or physically, from the further performance of his or her regular
duties or duties comparable thereto. The certified opinions must find that such incapacity occurred while the O&R Participant was in active service with the Company or an Affiliate, resulted in termination of employment with the Company or an
Affiliate, and is likely to be permanent. Alternatively, the Plan Administrative must find that such O&R Participant is eligible for and in receipt of a disability benefit under the Social Security Act, as amended from time to time, with respect
to a disability within the meaning of this subparagraph, which occurred while in active service with the Company or an Affiliate and resulted in termination of employment with the Company or an Affiliate. If the opinions of the designated physicians
differ as to whether the O&R Participant is totally incapacitated, the certified opinion of a third physician, rendered after examination of the O&R Participant and, to the extent deemed appropriate by the third physician, consultation with
the other two physicians, will determine whether the O&R Participant is totally incapacitated. The third physician will be selected by the O&R Participant from a list of three names of independent physicians provided by O&R. The fees and
expenses of the third physician will be paid by O&R. 
 b. The O&R Disability Pension Allowance will be payable as of the
O&R Participant’s O&R Disability Retirement Date and thereafter subject to continuance of his or her disability as provided in Section 4.07(c). The O&R Disability Pension Allowance will be equal to a Pension Allowance computed
in accordance with 

  
 91 

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Appendix F, Section F.3A(a) and Section 5.01(c), with the amount determined under Appendix F, Section F.3A.(a)(i) computed on the basis of the O&R Participant’s Annual Compensation
and Accredited Service immediately prior to his or her date of termination. The additional benefit for two (2) years of Accredited Service will be computed on the basis of the O&R Participant’s Annual Compensation at the last regular
rate being paid to him or her immediately prior to his or her date of termination. 
 c. Once each year, the Plan Administrator may
require an O&R Participant receiving an O&R Disability Pension Allowance who has not reached his or her Normal Retirement Date to undergo a medical examination by a physician or physicians designated by the Plan Administrator, such
examination to be made at the place of residence of such O&R Participant or other place mutually agreed upon. Should any such O&R Participant refuse to submit to such medical examination, the part of his or her O&R Disability Pension
Allowance provided by Employer contributions shall be discontinued until his or her withdrawal of such refusal, and should his or her refusal continue for a year, all rights in and to the O&R Disability Pension Allowance shall cease and the
election of an optional benefit, if one has been elected, shall be of no further effect. If the Plan Administrator finds from such medical examination or otherwise that the disability of an O&R Participant receiving an O&R Disability Pension
Allowance who has not reached his Normal Retirement Date has been removed and that he or she has regained his or her earning capacity, in whole or in part, or that he or she is no longer in receipt of a disability benefit under the Social Security
Act, the part of his or her Disability Pension Allowance provided by Employer contributions shall be discontinued or reduced proportionately. He or she shall be entitled to have his or her original Disability Pension Allowance restored in whole or
in part prior to his or her Normal Retirement Date upon the Participant’s again, or initially, receiving a disability benefit under the Social Security Act with respect to the total incapacity which originally entitled the O&R Participant

  
 92 

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

There is no Disability Pension Allowance for a CEI Participant. 
  

	4.08	Spouse’s Pension 

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

  

	 	1.	dies vested and in active service; or 

  

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

 

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

b. CECONY Participants 
  

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

  
 93 

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

  

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

  
 94 

 The Consolidated Edison Retirement Plan – Part I 

 

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

  

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

  
 95 

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 c. O&R Participants 

 

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

  

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

  

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

  
 96 

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

  

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

  

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

 

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

  
 97 

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

  
 98 

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

  

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

  

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

  
 99 

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

 d. CEI Participants A married CEI Participant cannot
designate someone other than his or her Spouse to receive the Spouse’s death benefit in the event the married CEI Participant dies before his or her Annuity Date. In the case of the death of a married, vested CEI Participant prior to his or her
Annuity Starting Date, there shall be payable to the CEI Participant’s Surviving Spouse a death benefit equal to the CEI Participant’s Cash Balance Accumulated Benefit. The Surviving Spouse’s death benefit will never be less than the
50% “qualified pre –retirement survivor annuity,” as those terms are defined in the Internal Revenue Code. 
 e.
Amount or Percent of Death Benefit Must Comply with IRC 401(a)(9) Notwithstanding any other provision in the Retirement Plan, in no case will a survivor benefit payable to a beneficiary who is not the Surviving Spouse of Spouse of the Participant be
an amount or a percent which would violate Code Section 401(a)(9) or the Treasury Regulations promulgated under Code Section 401(a)(9). 

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

	4.09	Maximum Benefit Limitation 

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

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

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

 

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

  

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

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

 

	 	5.	Definitions Applicable to Code Section 415 Limitations: 

  

	 	i.	Annual Benefit means 

  

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

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

 

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

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

  

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

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

  

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

  
 105 

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

  

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

 

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

  
 106 

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

  

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

  

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

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

 

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

  

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

  
 108 

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

 

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

  

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

  
 109 

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

 

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

 

	4.10	Transfers and Employment With an Affiliate 

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

  
 110 

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

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

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

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

  
 111 

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

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

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

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

  
 112 

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

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

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

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

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

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

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

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

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

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

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

  
 113 

 The Consolidated Edison Retirement Plan – Part I 

 

 Article V 

Automatic Form of Payment 
  

	5.01	Automatic Form of Payment 

 a. CEI Participants 

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

(2) Married Participant If a CEI Participant is married on his or her Annuity Starting Date, and if he or she has not elected an optional
form of benefit, the Pension Allowance will be the Actuarial Equivalent of a single life annuity based on the IRS Interest Rate and IRS Mortality Table. His or her Pension Allowance will be converted and the qualified joint and 50% survivor annuity
will be payable as a qualified joint and 50% survivor annuity, providing for a Pension Allowance payable during the life of the Participant and, after his or her death, one-half of that Pension Allowance payable during the life of, and to, his or
her Surviving Spouse. 
 (3) Small Benefit In the event the Cash Balance Account immediately payable to a CEI Participant or his or her
Surviving Spouse or Beneficiary has a value of $5,000 or less, or beginning for distributions after March 28, 2005, $1,000, such value shall be paid in a Cash Balance Single Lump Sum to the CEI Participant, Surviving Spouse or Beneficiary in
lieu of any other benefit under the Retirement Plan. 

  
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 b. CECONY Participants 

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

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

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

  
 115 

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

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

  
 116 

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

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

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

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

  
 117 

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 d. Small Pension Allowance Special Rules for All Participants 

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

	5.02	Optional Forms of Payment 

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

b. CECONY Participant and CEI Participant 
  

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

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

 

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

  
 119 

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

  

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

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

  
 120 

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

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

  

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

  

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

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

  

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

  

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

  

	 	6.	Level Income Option 

  

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

  

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

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

  

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

  

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

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

  

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

  

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

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

 

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

  

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

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

 

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

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

 

	 	7.	Cash Out Option 

  

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

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

 

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

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

 

	 	8.	Single Life Annuity Option 

  

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

 

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

 c. O&R Participant 

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

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

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

  

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

  

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

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

 

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

 

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

  

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

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

  

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

  

	5.03	Election of Options 

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

 

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

  

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

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

  
 131 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

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

  
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Secretary of the Treasury. An election to waive the spouse’s death benefit coverage, in order to be valid, must have the signed written consent of the Participant’s spouse and must
specifically acknowledge the effect of the waiver election as well as the specific designation of someone other than his or her spouse as Beneficiary. The spouse’s signature to such consent and acknowledgment must be witnessed by the Plan
Administrator or a Plan Administrator’s delegate, or must be notarized by a notary public. Any consent by a spouse (or establishment that the spouse’s consent cannot be obtained) shall be effective only with respect to such spouse, to such
optional form, and to such designated alternate beneficiary. 
 Any such waiver election may be revoked by written notice of the CECONY
Weekly Participant –1 delivered to the Plan Administrator prior to his or her Annuity Starting Date. In all cases, the elections to waive coverage and the revocations of such elections shall be prospective only, effective upon filing with and
acknowledgement of receipt by the Plan Administrator. 
 d. Timing for Giving Notice Each Employer shall provide the written
explanation required by this Section 5.03 no more than 90 days and no less than 30 days prior to the Participant’s Annuity Starting Date. A Participant’s Annuity Starting Date may not occur less than 30 days after receipt of the
notice. An election for an optional form shall be made on a form provided by the Plan Administrator and must be made during the 90-day period ending on the Participant’s Annuity Starting Date, but not prior to the date the Participant receives
such written explanation. 

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

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

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

 

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

 

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

  

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

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

  
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	5.04	Commencement of Payments 

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

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

 

	5.05	Distribution Limitation 

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

  
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 b. In order to satisfy Code section 401(a)(9), distributions of the Participant’s
entire interest, if not in a single sum, must be paid in the form of periodic annuity payments for the Participant’s life (or the joint lives of the Participant and Beneficiary) or over a period certain that does not exceed the maximum length
of the period certain determined in accordance with Section 1.401(a)(9)-6, A-3 of the Treasury Regulations. The interval between payments for the annuity must be uniform over the entire distribution period and must not exceed one year. Once
payments have commenced over a period, the period may be changed only in accordance with Section 1.401(a)(9)-6, A-13. Annuity payments must satisfy the minimum distribution incidental benefit requirements. Except as otherwise provided, all
payments must be non-increasing. 
 c. The annuity may be a life or joint and survivor annuity with a period certain if the life or
lives, if applicable, and period certain each meet the requirements of Section 1.401(a)(9)-6. Annuity payments must commence on or before the Participant’s Required Beginning Date. The first payment, which must be made on or before the
Participant’s Required Beginning Date, must be the payment which is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year.
Similarly, in the case of distributions commencing after death in accordance with section 401(a)(9)(B)(iii) and (iv), the first payment, which must be made on or before the date determined under A-3(a) or (b) (whichever is applicable) of §
1.401(a)(9)-3, must be the payment which is required for one payment interval. Payment intervals are the periods for which payments are received, e.g., bimonthly, monthly, semi-annually, or annually. All benefit accruals as of the last day of the
first Distribution Calendar Year must be included in the calculation of the amount of annuity payments for payment intervals ending on or after the employee’s Required Beginning Date. 

  
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 d. If the Participant’s interest is being distributed in the form of a joint and
survivor annuity for the joint lives of the Participant and a nonspouse beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the designated Beneficiary after the Participant’s death must not at
any time exceed the applicable percentage of the annuity payment for such period that would have been payable to the Participant, using the table set forth in § 1.401(a)(9)-6, Q&A 2(c)(2), in the manner described in Q&A 2(c)(1), of the
regulations, to determine the applicable percentage. If the form of distribution combines a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding
sentence will apply to annuity payments to be made to the designated Beneficiary after the expiration of the period certain. 
 5.06 Time and Manner
Distributions if Participant Dies Before ASD If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begun being distributed, no later than as follows: 

a. If the Participant’s Surviving Spouse is the sole Beneficiary, then, distributions will begin by December 31 of the year
immediately following the year in which the Participant died, or if later, by December 31 of, the year in which the Participant would have attained age 70
 1⁄2. 
 b. If the Surviving Spouse is not
the beneficiary, then, distributions will begin by December 31 of the year immediately following the year in which the Participant died. 

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

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

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

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

If the Participant’s interest is to be paid in the form of an annuity, payments under the annuity must satisfy the following
requirements: 
 a. the annuity distributions will be paid in periodic payments made at uniform intervals not longer than one year;

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

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

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

 

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

  

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

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

  

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

  

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

  

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

 

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

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

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

If the Participant’s Pension Allowance is payable as a joint and survivor annuity for the joint lives of the Participant and a nonspouse
beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the Beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for such period
that would have been payable to the Participant, using the table set forth in § 1.401(a)(9)-6, Q&A 2(c)(2), in the manner described in Q&A 2(c)(1), of the Treasury regulations, to determine the applicable percentage. If the form of
distribution combines a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the
Beneficiary after the expiration of the period certain. 
 The period certain for an annuity distribution commencing during the
Participant’s lifetime may not exceed the applicable distribution period for the Participant under the Uniform Lifetime Table set forth in § 1.401(a)(9)-9, Q&A-2, of the Treasury regulations for the calendar year that contains the
Annuity Starting Date. If the Annuity Starting Date precedes the year in which the Participant reaches age 70, the applicable distribution period for the Participant is the distribution period for age 70 under the Uniform Lifetime Table set forth in
§ 1.401 (a)(9)-9, Q&A-2, of the Treasury regulations plus the excess of 70 over the age of the Participant as of the Participant’s birthday in the year that contains the Annuity Starting Date. 

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

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

 

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

  

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

 If the Participant dies before his or her Annuity Starting Date and there is no
Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s Pension Allowance will be completed by December 31 of the calendar year containing the fifth anniversary
of the Participant’s death. 
 If the Participant dies before the Annuity Starting Date, the Participant’s Surviving Spouse is the
Participant’s sole Beneficiary, and the Surviving Spouse dies before distributions to the Surviving Spouse begin, this section will apply as if the Surviving Spouse were the Participant. 

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

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

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

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

Eligible cost-of-living index means an index described in paragraphs (b)(2), (b)(3) or (b)(4) of S 1.401(a)(9)-6, Q&A-14, of the
Treasury regulations. 
 Life expectancy means Life Expectancy as computed by use of the Single Life Table in § 1.401(a)(9)-9
Q&A-1 of the Regulations. 
 Required beginning date means April 1 of the calendar year following the later of the calendar
year in which the Participant attains age 70  1⁄2 or the calendar year in which the Participant has a separation. 

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

  
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	5.08	Direct Rollover of Certain Distributions 

 a. Notwithstanding any provision of the
Plan to the contrary that would otherwise limit a Distributee’s election under this Section, a Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an Eligible Rollover Distribution
paid directly to an Eligible Retirement Plan specified by the Distributee in a direct rollover. 
 b. Special definitions applicable
in this Section: 
 An Eligible Rollover Distribution means any distribution of all or any portion of the balance to the credit of
the Distributee, except that an eligible rollover distribution does not include: (a) any distribution that is one of a series of substantially equal periodic payments made for the life, or life expectancy, of the Distributee or the joint lives
(or joint life expectancies) of the Distributee and the Distributee’s designated Beneficiary, or for a specified period of ten years or more; (b) any distribution that is required under Code Section 401(a)(9); (c) the portion of
any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); (d) and any distribution expected to total less than $200. 

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

  
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relations order. Notwithstanding a contrary provision in the Retirement Plan, effective January 1, 2009, a Distributee also includes a non–spousal beneficiary so long as the
non–spouse beneficiary is a designated beneficiary as defined in Code § 401(a)(9)(E). The non–spouse beneficiary can only be an individual or individual(s) and may not be the estate of the Participant. However, if a trust is
designated as the beneficiary and the requirements of Treas. Reg. § 1.401(a)(9)-4 are met, the beneficiaries of the trust will be deemed to be designated beneficiaries rather than the trust. If the Participant dies before distributions have
begun, and the Participant is single, a non-spousal rollover may be made. The non-spousal rollover must be made by the end of the year following the Participant’s death. If it is made in the year following the year of the Participant’s
death, a minimum distribution must be made with respect to the year following the Participant’s death. 
 A Direct Rollover
means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. 
 In the event that the provisions of this
Section 5.06 or any part thereof cease to be required by law as a result of subsequent legislation or otherwise, this Section or any applicable part thereof shall be ineffective without the necessity of further amendments to the Retirement
Plan. 
 Effective as of March 28, 2005, this Plan does not permit mandatory distributions; that is distributions without the consent
of the Participant, in any amount that exceeds $1,000. However, in the unlikely event a distribution in an amount exceeding $1,000 is made without the Participant’s consent and before the Participant attains the later of age 62 or Normal
Retirement Age, and the Participant does not elect to have such distribution paid directly to an eligible retirement plan specified by the Participant in a direct rollover or to receive the distribution directly, then the distribution will be paid
in a direct rollover to an individual retirement plan designated by the Plan Administrator. 

  
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 Article VI 

Contributions 
  

	6.01	Employers’ Contributions 

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

	6.02	Return of Contributions 

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

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

	6.03	Non-Contributory Nature 

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

  
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 Article VII 

Administration of Plan 
  

	7.01	Named Fiduciaries 

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

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

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

 

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

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

  

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

 

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

 

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

 

	7.02	Duties of Plan Administrator 

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

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

  

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

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

  

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

  

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

 

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

  

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

  

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

 

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

  

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

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

  

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

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

 

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

  

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

  

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

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

	7.03	Meetings 

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

  
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	7.04	Compensation and Bonding 

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

	7.05	Establishment of Rules 

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

 

	7.06	Prudent Conduct 

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

	7.07	Actuary 

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

  
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	7.08	Maintenance of Accounts 

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

	7.09	Service in More Than One Fiduciary Capacity 

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

	7.10	Limitation of Liability 

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

	7.11	Indemnification 

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

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

	7.12	Appointment of Investment Manager 

 The Board of Trustees, in its sole discretion,
determines the investment policy for the Retirement Plan. However, the Named Fiduciary Committee may, in its sole discretion, and in accordance with the investment policy, appoint one or more investment managers to manage the assets of the Plan
(including the power to acquire and dispose of all or part of such assets) as the Named Fiduciary designates. In that event, the authority over and responsibility for the management of the assets so designated is the sole responsibility of that
investment manager. 
 For purposes of this Article, the term “investment manager” means an individual firm, or entity who: 

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

b. is (i) registered as an investment advisor under the Investment Advisors Act of 1940, (ii) a bank, as defined in that Act,
or (iii) an insurance company qualified to perform services described in paragraph (a) above; and 
 c. has acknowledged in
writing that he, she or it is a fiduciary with respect to the Plan. 
  

	7.13	Expenses of Administration 

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

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

	7.14	Claims and Review Procedures 

 a. Applications for benefits and inquiries
concerning the Plan (or concerning present or future rights to benefits under the Plan) must be submitted in writing to the Plan Administrator. An application for benefits must be submitted on the prescribed form and signed by the Participant or, in
the case of a benefit payable after his or her death, by his or her Beneficiary, or a duly authorized legal representative. 
 b. In
the event that an application for benefits is denied in whole or in part, the Plan Administrator will notify the Participant or Beneficiary in writing of the denial and of the right to review of the denial. The written notice will set forth, in a
manner calculated to be understood by the Participant or Beneficiary, specific reasons for the denial, specific references to the provisions of the Plan on which the denial is based, a description of any information or material necessary for the
Participant or Beneficiary to perfect the application, an explanation of why the material is necessary, and an explanation of the review procedure under the Retirement Plan. The written notice from the Plan Administrator will be given to the
Participant or Beneficiary within a reasonable period of time, not more than 90 days, after the Plan Administrator received the initial application, unless special circumstances require further time for processing and the Participant or Beneficiary
is advised of the need 

  
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and reason for the extension within the first 90-day period. The Participant or Beneficiary will also be informed of the date by which the Plan Administrator expects to render the decision. In no
event will the initial decision be given more than 180 days after the Plan Administrator received the application. The Plan Administrator has the authority to act with respect to any appeal from a denial of benefits or a determination of benefit
rights. 
 c. A Participant or Beneficiary whose application for benefits was denied in whole or part, or the Participant or
Beneficiary’s duly authorized representative, may appeal the denial by submitting to the Plan Administrator a request for a review of the application within 60 days after receiving written notice of the denial from the Plan Administrator. The
Plan Administrator will give the Participant or Beneficiary or his or her representative an opportunity to review pertinent materials, other than legally privileged documents, in preparing the request for a review. The request for a review must be
in writing and addressed to the Plan Administrator. The request for a review shall set forth all of the grounds on which it is based, all facts in support of the request and any other matters that the applicant deems pertinent. The Plan
Administrator may require the Participant or Beneficiary to submit such additional facts, documents or other materials as it may deem necessary or appropriate in making its review. 

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

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

e. The Plan Administrator shall adopt such rules, procedures and interpretations of the Plan as deemed necessary or appropriate in
carrying out the Plan Administrator responsibilities under this Section 7.14. 
 f. No legal action for benefits under the Plan may
be brought unless and until the Participant, Beneficiary claimant: 
  

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

  

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

  

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

  

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

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

  
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 Article VIII 

Management of Funds 
  

	8.01	Trustee 

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

	8.02	Exclusive Benefit Rule 

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

  
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 Article IX 

General Provisions 
  

	9.01	Nonalienation 

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

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

  

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

  

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

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

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

  
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 c. A Participant’s benefits under the Plan will be offset by the amount the
Participant is required to pay to the Plan under the circumstances set forth in Code Section 401(a)(13). 
 d. If an overpayment has
been made to a Participant, a Beneficiary, or any other person, the Plan Administrator is entitled to and will seek full recoupment and reimbursement of the overpayment. In the event a Participant or Beneficiary or any other person who received an
overpayment is receiving a Pension Allowance, the Plan Administrator and the Plan will reduce his or her future Pension Allowance by the amount of the overpayment. An overpayment is an amount of Pension Allowance that exceeds the Pension Allowance
to which the Participant is entitled. Under no circumstances, and for no reason, is the Participant or whoever received or is receiving an overpayment entitled to the overpayment. The Plan Administrator and the Plan have a legal obligation and
responsibility to recoup all overpayments. 
  

	9.02	Conditions of Employment Not Affected by Plan 

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

	9.03	Facility of Payment 

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

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

	9.04	Information 

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

	9.05	Top-Heavy Provisions 

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

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

  

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

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

  

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

 

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

  

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

  

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

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

  

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

  

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

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

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

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

  

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

  

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

  

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

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

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

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

  

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

  

	9.06	Construction 

 a. The Plan shall be construed, regulated and administered under
ERISA as in effect from time to time, and the laws of the State of New York, except where ERISA controls. 
 b. The titles and
headings of the Articles and Sections in this Plan are for convenience only. In case of ambiguity or inconsistency, the text rather than the titles or headings shall control. 
  

	9.07	Prevention of Escheat 

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

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

  
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 Article X 

Amendment, Merger and Termination 
  

	10.01	Amendment of Plan 

 a. CECONY, by action of its Board, or pursuant to authority
granted by its Board, reserves the right at any time and from time to time, and retroactively if deemed necessary or appropriate, to amend in whole or in part any or all of the provisions of the Plan. However, no amendment shall make it possible for
any part of the funds of the Plan to be used for, or diverted to, purposes other than for the exclusive benefit of persons entitled to benefits under the Plan, before the satisfaction of all liabilities with respect to them. No amendment will be
made which has the effect of decreasing the accrued benefit or reducing the nonforfeitable percentage of the accrued benefit of a Participant below the nonforfeitable percentage computed under the Plan as in effect on the date on which the amendment
is adopted or, if later, the date on which the amendment becomes effective. 
 b. The Plan Administrator has the authority to amend
the Plan to the extent and in the manner described in Section 7.02(b). 
 c. Notwithstanding the previous sections, a
Participant’s Accrued Benefit, early retirement benefit, retirement – type subsidy or optional form of benefit may be reduced to the extent permitted under Code Section 412(d)(2), for Plan Years beginning after December 31, 2007,
or to the extent permitted under Treasury Regulations Sections 1.411(d)(3) and 1.411(d)(4). 
  

	10.02	Merger, Consolidation, or Transfer 

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

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

	10.03	Additional Participating Companies 

 a. With the consent of CECONY, an Affiliate
may adopt this Plan for some or all of its Employees. Upon the effective date of the adoption of the Plan by an Affiliate, the Affiliate shall be an Employer and shall delegate all fiduciary and administrative responsibilities (including the
appointment and removal of fiduciaries) under the Plan to the Named Fiduciaries and the Plan Administrator of the Plan. An Employer may adopt the Plan for some or all of its employees upon appropriate action by such Employer, and with the consent of
CECONY, and the employees for whom the Plan is adopted shall be described in Appendix B to the Plan. 
 b. An Employer may terminate
its participation in the Plan upon appropriate action. The funds of the Plan held on account of Participants in the employ of that Employer will be determined by the Plan Administrator and will be applied as provided in Section 10.04 if the
Plan should be terminated, or will be segregated by the Trustee as a separate trust, pursuant to certification to the Trustee by the Plan Administrator, continuing the Plan as a separate plan for the employees of that company under which the board
of directors of that company will succeed to all the powers and duties of the board of trustees, including the appointment of named fiduciaries. 
  

	10.04	Termination of Plan 

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

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

 

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

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

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

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

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

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

  
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 Article XI 

Cost-Of-Living Adjustments 
  

	11.01	Eligibility-CECONY Participants 

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

 

	11.02	Annual Adjustment-CECONY Participants 

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

	11.03	Percentage of Adjustment-CECONY Participants 

 Each annual adjustment shall equal 75% of
the percentage increase, rounded to the nearest 1/10 of one percent (0.001), in the Index specified in Section 11.05 for the preceding December over the Index for the next-preceding December; provided, however, that such annual adjustment shall
not: 
 a. exceed 3%, or 

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

  
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	11.04	Limitation on Adjustments-CECONY Participants 

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

 

	11.05	Index-CECONY Participants 

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

	11.06	Eligibility and Adjustment-O&R Participants 

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

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

  
 170 

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

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

 

	11.07	Eligible Spouse or Contingent Annuitant of O&R Participant 

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

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

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

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

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

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

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

 

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

  

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

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

  
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age 70-1/2) or a vested O&R Participant will be considered, for purposes of this Section only, to have multiple Annuity Starting Dates if the Pension Allowance as of the Annuity Starting Date
is adjusted thereafter as a result of future Annual Compensation and Accredited Service. The initial Annuity Starting Date, which is the date as of which a Pension Allowance first begins to the retired or vested O&R Participant from the Plan,
applies to the portion of the Pension Allowance attributable to Annual Compensation and Accredited Service prior to such initial Annuity Starting Date. Thereafter, each subsequent date as of which an Pension Allowance is adjusted after the initial
Annuity Starting Date by reason of Annual Compensation or Accredited Service thereafter shall be considered, for purposes of this Section only, as the Annuity Starting Date with respect to the portion of the Pension Allowance attributable to Annual
Compensation and Accredited Service since the previous Annuity Starting Date. 
 c. The terms specified below which are used in
Sections 11.06, 11.07, 11.08 and 11.09 shall have the meanings set forth below, unless the context clearly dictates another meaning. 
  

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

  

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

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

  

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

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

  
 175 

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 Article XII 

401(h) Account 
  

	12.01	Establishment 

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

	12.02	Terms and Conditions 

 Effective January 1, 2001, a “401(h) Account” is
established under this Plan, and the Retiree Health Plan is maintained by CECONY to provide post-retirement medical, hospital, vision care, and prescription drug benefits to certain retired CECONY Management Participants, CECONY Weekly Participants
and CEI Participants who retire from CECONY (and the spouses/dependents of such Participants). 
 Only a CEI Participant who is a CECONY
Eligible Employee, including a Local 3 member hired on and after January 1, 2010, is eligible to participate in the Retiree Health Plan. A CEI Participant who is a CECONY Eligible Employee must meet the same requirements for participation in
the Retiree Health Plan as a CECONY Management Participant. 

  
 176 

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	12.03	Contributions 

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

 

	12.04	Use of Assets 

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

  
 177 

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

	12.05	Modification, Amendment, and Termination 

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

	12.06	Allocation of Responsibility for Payment 

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

  
 178 

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 Article XIII 

Return of Contributions to an O&R Participant 
  

	13.01	Vested O&R Participant 

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

	13.02	An O&R Participant Not Vested 

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

	13.03	Death of O&R Participant 

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

  
 179 

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	13.04	Cessation of Pension Allowance 

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

  
 180 

 The Consolidated Edison Retirement Plan – Part I 

 

 Article XIV 

Domestic Partner Benefits 
  

	14.01	Domestic Partner Benefits: In General 

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

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

 

	14.02	Pre–Retirement Domestic Partner Survivor Annuity Coverage 

 a. The
Pre-retirement Domestic Partner Survivor Annuity is payable as a 50% survivor annuity to the Surviving Domestic Partner. The survivor annuity will equal 50% of what the Participant would have received had he or she retired rather than died on his or
her date of death and began receiving his or her Pension Allowance on the first day of the month following his or her death. In determining what the Participant would have received had he or she retired rather than died, a reduction occurs to the
Pension Allowance to take into account the Pre-retirement Domestic Partner Survivor Annuity coverage. 
 b. This provision applies if
the Participant elected a Pre-retirement Domestic Partner Survivor Annuity and had less than 75 points on the first day of the month immediately preceding the month in which he or she dies. If so, his or her Surviving Domestic Partner may elect,
instead of the 50% survivor annuity, to take his or her Pre-retirement Domestic Partner Survivor Annuity in a lump sum payment. 

  
 181 

 The Consolidated Edison Retirement Plan – Part I 

 

 c. If the Participant elects a Pre-retirement Domestic Partner Survivor Annuity, his
or her accrued Pension Allowance is reduced to pay for the survivor benefit coverage. If the Participant dies before his or her Pension Allowance commences, the reduction occurs at the time the Pension Allowance is paid to the Surviving Domestic
Partner as a Pre-retirement Domestic Partner Survivor Annuity. 
 d. If the Participant survives until the date his or her pension
allowance commences, his or her Pension Allowance will be reduced to pay for the survivor benefit coverage. 
 e. When making an
election for the Pre-retirement Domestic Partner Survivor Annuity, the Participant and his or her Domestic Partner must consent to and acknowledge that the Participant’s Pension Allowance will be reduced. 

 

	14.03	Post-retirement Domestic Partner Survivor Benefit Coverage 

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

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

 c. The Participant may elect an optional form of benefit for his or her Post–retirement Domestic Partner Survivor Benefit.
She or he may elect a 12 year certain and life annuity, a 100% joint and survivor benefit without a pop-up, a 100% joint and survivor annuity with a pop-up, a 75% joint and survivor benefit without a pop-up and a 75% joint and survivor benefit with
a pop-up. In each case, his or her Domestic Partner will be named as the annuitant. 
 d. When making an election for the
Post-retirement Domestic Partner Survivor Annuity, the Participant and his or her Domestic Partner must consent to and acknowledge that the Participant’s Pension Allowance will be reduced. 

  
 182 

 The Consolidated Edison Retirement Plan – Part I 

 

	14.04	Termination of Domestic Partnership 

 a. The Participant will notify, in writing,
the Plan Administrator within 60 days of the earliest of (a) the death of the Participant’s Domestic Partner or (b) the date on which any of the criteria of a Domestic Partner relationship is no longer met. The effective date of the
end of the Domestic Partner relationship is the earliest of: (a) the death of my Domestic Partner or (b) the date on which the Participant files a Statement of Disenrollment, Death or Termination of Domestic Partner with the Company’s
Plan Administrator or designated representative. 
 b. Once a Participant elects a Pre-retirement Domestic Partner Survivor Annuity,
it remains in effect until the Participant notifies the Plan Administrator of the death of his or her Domestic Partner or the termination of the relationship. 

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

  
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 The Consolidated Edison Retirement Plan – Part I 

 

 Article XV 

Section 436 Limitations 
  

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

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

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

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

  

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

  
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 The Consolidated Edison Retirement Plan – Part I 

 

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

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

 

	 	i.	Less than 80 percent; or 

  

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

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

  
 185 

 The Consolidated Edison Retirement Plan – Part I 

 

	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. 

  
 186 

 The Consolidated Edison Retirement Plan – Part I 

 

	15.03	Limitations Applicable If the Plan Sponsor Is In Bankruptcy 

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

	15.04	Provisions Applicable After Limitations Cease to Apply. 

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

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

  
 187 

 The Consolidated Edison Retirement Plan – Part I 

 

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

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

	15.05	Treatment of Plan Amendments That Do Not Take Effect 

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

  
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	15.06	Interpretation of Provisions 

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

	15.07	PPA Rules Relating to Funding 

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

	15.08	Special Definitions 

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

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

(A) The numerator of which is the value of plan assets for the Plan Year (determined under the rules of § 1.430(g)-1) after subtraction
of the prefunding balance and the funding standard carryover balance under Code Section 430(f)(4)(B) and § 1.430(f)-1(c); and (B) the denominator of which is the funding target of the Plan for the Plan Year (determined without regard
to the at-risk rules of Code Section 430(i) and § 1.430(i)-1). 
 c. Section 436 Measurement Date means the date that
stops or starts the application of the Code Sections 436(d) and 436(e) Limitations. The Section 436 

  
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Measurement Date is also used for calculations with respect to applying the limitations of Code Sections 436(b) and 436(c). The date of the enrolled actuary’s certification of the AFTAP for
the Plan Year is a Section 436 Measurement Date if it is made during the Plan Year. A Section 436 Measurement Date also occurs where there is a change in the Plan’s presumed AFTAP under the presumption rules of Code
Section 436(h). 
 d. Code Section 436 Restrictions means restrictions against increased benefit accruals, Pension
Allowances paid in restricted optional forms, and restrictions against plan amendments that increase benefits. Code Section 436 Restrictions apply if the Adjusted Funding Target Attainment Percentage drops below certain levels. 

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

  
 190 

 THE 

CONSOLIDATED 
 EDISON

 RETIREMENT 
 PLAN

 Part II (a)

  
 i 

 Subject to the Following Amendments and Clarifications: 

 

	•	 	Clarified on May 2, 2002; 

  

	•	 	Amended December 13, 2001; 

  

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

  

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

 

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

  

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

 

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

  

	•	 	Amended and Restated November 2004 for Miscellaneous Changes; 

  

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

  

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

  

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

  
 ii 

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

  

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

 

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

 

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

  

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

  

	•	 	Amended December 12, 2012 Taking Into Account the Following: (1) Changes Resulting from Total Rewards; (2) Changes to the Named Fiduciaries Structure; (3) Changes Resulting from the 2012 – 2016 Collective
Bargaining Contract Between Local 1-2 and CECONY; (4) Changes to the Suspension of Benefits Rule; and (5) Administrative and Operational Changes. 

  
 iii 

 APPENDICES 

TABLE OF CONTENT 
  

					
	 	  	Name of Appendix	  	Page
			
	Appendix A      -    	  	 Actuarial Factors
	  	
	Subappendix A –1	  	 Actuarial Factors for CECONY Participants
	  	
	Subappendix A –2	  	 Actuarial Factors for O&R Participants
	  	
	Subappendix A –3	  	 Actuarial Factors for CEI Participants
	  	
	Suappendix A -4	  	 Actuarial Factors for Domestic Partner Benefits
	  	
			
	Appendix B      -    	  	 Employers
	  	B-1
			
	Appendix C      -    	  	 Provisions Applicable to O&R Participants Transferred to or Hired by CECONY or a CEI Affiliate
	  	C-1 to C-4
			
	Appendix D      -    	  	 Provisions Applicable to Participants Employed at Facilities Purchased From Western Massachusetts Electric Company
	  	D-1 to D-2
			
	Appendix E      -    	  	 Determination of Amounts Payable from 401(h) Account
	  	E-1 to E-2
			
	Appendix F	  	 Normal Retirement Benefit Formulas
	  	F-
			
	Appendix G      -    	  	 Special Pension Adjustment
	  	G
			
	Appendix H      -    	  	 Provisions Applicable to CECONY Participants at Fossil-Fueled Divested Operations
	  	H-1 to H-2
			
	Appendix I        -    	  	 Provisions Applicable to O&R Participants under O&R’s Pension Protection Program
	  	I-1 to I-9
			
	Attachments to I	  	 Summary of Pension Allowances to be Provided by O&R to Employees Affected By the Southern Energy Divestiture
	  	I-10 to I-14

  
 iv 

					
			
	 Appendix J       -    
		Provisions Applicable to Affected Indian Point (IP) Employees		J-1 to J-2
			
	 Appendix K      -    
		Provision Applicable to Voluntary Retirement Incentive – Support Organizations Program		K-1 to K-7
			
	 Appendix L      -    
		Sample Illustrations of O&R PBA		L-1 to L-3
			
	 Appendix M
		Provisions Applicable to Participants Employed at the Lakewood Plant		M-1
			
	 Appendix N
		List of Annual Incentive Plans Approved By the Plan Administrator		

  
 v 

 APPENDICES 

APPENDIX A 

Actuarial Factors 

Subappendix A – 1 Actuarial Factors Applicable to CECONY Participants 

Tables A to M – 2 provide the actuarial factors that are applied for calculating and computing Pension Allowances for CECONY
Management Participants and CECONY Weekly Participants, and, when applicable, to CECONY Weekly Employees –1. 
 Tables A to M-2
provide the actuarial factors that are applied for calculating and computing Pension Allowances for CECONY Management Participants, CECONY Weekly Participants, CECONY Weekly Participants-1, and, effective January 1, 2013, CECONY Management
Participants Tier 1. 
 Tables A-H Apply to 

CECONY Management Participants, CECONY Weekly Participants, 

And, When Explicitly Indicated, CECONY Weekly Participants-1 and 

Effective January 1, 2013, CECONY Management Participants Tier 1. 

 

							
	A		 Early Retirement Discount Factors:
  

All CECONY Participants whether married or single other than:

				
					i.		Effective January 1, 2013, A CECONY Management Participant Tier 1 – only on his or her Pre 2013 Accrued Benefit
		
	A-2		Early Retirement Discount Factors for a CECONY Management Participant with 75 Points:
				
					i.		Effective January 1, 2013, A CECONY Management Participant Tier 1 – only on his or her Post 2012 Accrued Benefit
		
	B		Conversion from Single Life to Twelve Year Certain and Life Annuity Conversion Factors Applies to:
				
					i		All single (unmarried) CECONY Participants
				
					ii		All married CECONY Weekly Participants-1 who choose to waive the spousal death benefit and elect a non spouse beneficiary
				
					 iii
		Effective January 1, 2013, a married CECONY Management Participant Tier 1 – only on his or her Post 2012 Accrued Benefit
		
	C		Conversion From 50% Joint & Survivor to Twelve Year Certain With 50% Joint & Survivor Not Applicable to
				
					i		CECONY Weekly Participants –1
				
					ii		Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply on his or her Post 2012 Accrued Benefit

  
 1 

 APPENDICES 

							
			 Early Retirement Factors – Excess Formula

Applicable only to CECONY Management Participants

		
	E		Conversion From 50% Joint & Survivor to 100% Joint & Survivor – Not Applicable to
				
					i		CECONY Weekly Participants-1
				
					ii		Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit
		
	F		Conversion From 50% Joint & Survivor to 100% Joint & Survivor With Pop-Up - Not Applicable to
				
					i		CECONY Weekly Participants-1
				
					ii		Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit
		
	G		Table G – Factor for Level Income All CECONY Participants whose Distributions Begin Before January 1, 2005 – is no longer applicable because it applied to distributions before January 1, 2005. See
prior Retirement Plan for historical factors. Table G has been updated in the Plan at Article V
		
	H -1		 75% Joint and Survivor Annuity Without Pop-Up

Option factors applicable to CECONY Participants only
 Not
applicable to

				
					i		CECONY Weekly-1 Participants
				
					ii		CEI Participants
				
					iii		Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit
		
	H-2		 75% Joint and Survivor Annuity With Pop-Up

Option factors applicable to CECONY Participants only
 Not
applicable to

				
					i		CECONY Weekly-1 Participants
				
					ii		CEI Participants
				
					iii		Effective January 1, 2013, a married CECONY Management Participant Tier 1 – does not apply to his or her Post 2012 Accrued Benefit

 

							
	     
	     						
	     						
	     						
	     						
	     						
							 
							 
							 
							 

  
 2 

 APPENDICES 

Tables I to M-2 Apply to Only to 

CECONY Weekly Participants-1 

Effective January 1, 2013, a CECONY Management Participant Tier 1 – only to his or her Post 2012 Accrued Benefit 

And, for M-1 and M-2, CEI Participants 
  

			
		
	I		Conversion From Single Life to Twelve Year Certain with 50% Joint & Survivor without Pop-Up
		
	J		Conversion from Single Life to 100% Joint and Survivor without Pop-Up
		
	K		Conversion from Single Life to 100% Joint and Survivor with Pop-Up
		
	L		Conversion from Single Life to 50% Joint and Survivor without Pop-Up
		
	M -1		 Option factors applicable to a CEI Participant, a CECONY Weekly-1 Participant, and effective January 1, 2013, a CECONY Management
Participant Tier 1 – apply only to his or her Post 2012 Accrued Benefit
 75% Joint and Survivor Annuity Without Pop-Up

		
	M - 2		 Option factors applicable to a CEI Participant, a CECONY Weekly-1 Participant, and effective January 1, 2013, a CECONY Management
Participant Tier 1 – applies only to his or her Post 2012 Accrued Benefit
 75% Joint and Survivor Annuity With Pop-Up

  
 3 

 APPENDICES 

Subappendix A –2 O&R Participants 

Actuarial Factors Applicable to O&R Participants 

Tables A to F provide the actuarial factors that are applied for calculating and computing Pension Allowances for O&R Management
Participants and O&R Hourly Participants who begin the distribution of their Pension Allowance before July 1, 2004. Tables G to L provide the actuarial factors that are applied for calculating and computing Pension Allowances for O&R
Management Participants and O&R Hourly Participants who begin their distribution of their Pension Allowance after July 1, 2004. 

Tables A to F – No Longer Applicable 

O&R Participants who begin distribution on or before July 1, 2004 – 

Replaced with New Tables, Below 
  

			
	A		Joint and 100% Survivor Option Factors without Pop-Up—Table A is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated
Tables, below.
		
	B		Joint and 50% Survivor Option Factors without Pop-Up —Table B is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated Tables,
below.
		
	C		Joint and 100% Survivor Option with Pop-Up Factors —Table C is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated Tables,
below.
		
	D		Joint and 50% Survivor Option With Pop-Up Factors—Table D is no longer applicable because it applied to who begin distribution on or before July 1, 2004. See prior Retirement Plan for historical factors. See updated Tables,
below.
		
	E		Reduction Factors For Vested Participant Spouse’s Allowance Coverage. See prior Retirement Plan for historical factors. See updated Tables, below.
		
	F		Interest Rates and Mortality Tables. See prior Retirement Plan for historical factors. See updated Tables, below.

  
 1 

 APPENDICES 

Tables G to L apply to 

O&R Participants who begin distribution on and after July 1, 2004 

 

			
	G		Joint and 100% Survivor Option Factors without Pop-Up
		
	H		Joint and 50% Survivor Option Factors without Pop-Up
		
	I		Joint and 100% Survivor Option with Pop-Up Factors
		
	J		Joint and 50% Survivor Option With Pop-Up Factors
		
	K		Reduction Factors For Vested Participant Spouse’s Allowance Coverage
		
	L		Interest Rates and Mortality Tables
		
	M 1		Joint and 75% Survivor Option Without Pop-Up Factors – Effective January 1, 2008
		
	M-2		Joint and 75% Survivor Option With Pop-Up Factors – Effective January 1, 2008

  
 1 

 APPENDICES 

Sub appendix A –3 CEI Participants 

Actuarial Factors Applicable to CEI Participants 

Tables A to E provide the actuarial factors that are applied for calculating and computing Pension Allowances for CEI Participants. 

 

			
	 Table
	  	 Title

		
	A	  	Twelve Year Certain and Life Annuity Conversion Factors
		
	B	  	100% Joint and Survivor Annuity, without Pop-Up, Conversion Factors
		
	C	  	100% Joint and Survivor Annuity with Pop-Up Conversion Factors
		
	D	  	50% Joint and Survivor Annuity without Pop-Up Conversion Factors
		
	See
 M -1

CEONY Weekly
– 1 Applies
	  	Option factors applicable to CEI Participants – 75% Joint and Survivor Annuity Without Popup – Same factors as CECONY Weekly -1
		
	See
 M -2

CEONY Weekly
– 1 Applies
	  	Option factors applicable to CEI Participants and CECONY Weekly – 1 Participants – 75% Joint and Survivor Annuity With Popup – Same factors as CECONY Weekly -1

  
 1 

 APPENDICES 

Sub appendix A –4 Domestic Partner Benefits 

Actuarial Factors Applicable to Domestic Partner Benefits 

This subappendix applies to Domestic Partner benefits including a pre –retirement domestic partner survivor annuity and a post-retirement
domestic partner survivor annuity benefit. 

  
 1 

 APPENDICES 

Sub-Appendix A.1 
 Table
A-1 
 Early Retirement Discount Factors 

To be applied to a CECONY Participant with 75 points 

Except for the Post 2012 Accrued Benefit for a CECONY Management Participant Tier 1 

Applied To The Participant’s Accrued Pension For Retirements Prior To 

Attainment Of A CECONY Participant’s Sixtieth Birthday 

The Actual Date Of Retirement 
  

																																																											
	Months
Prior
age 60	 	 	Age	 	 	Discount
Factor	 	 	Months
Prior to
age 60	 	 	Age	 	 	Discount
Factor	 	 	Months
Prior to
age 60	 	 	Age	 	 	Discount
Factor	 	 	Months
Prior to
age 60	 	 	Age	 	 	Discount
Factor	 	 	Months
Prior to
age 60	 	 	Age	 	 	Discount
Factor	 
	 	1	  	 				 	 	0.99875	  	 	 	37	  	 				 	 	0.95375	  	 	 	73	  	 				 	 	0.54100	  	 	 	109	  	 				 	 	0.43400	  	 	 	145	  	 				 	 	0.36200	  
	 	2	  	 				 	 	0.99750	  	 	 	38	  	 				 	 	0.95250	  	 	 	74	  	 				 	 	0.53800	  	 	 	110	  	 				 	 	0.43200	  	 	 	146	  	 				 	 	0.36000	  
	 	3	  	 				 	 	0.99625	  	 	 	39	  	 				 	 	0.95125	  	 	 	75	  	 				 	 	0.53500	  	 	 	111	  	 				 	 	0.43000	  	 	 	147	  	 				 	 	0.35800	  
	 	4	  	 				 	 	0.99500	  	 	 	40	  	 				 	 	0.95000	  	 	 	76	  	 				 	 	0.53200	  	 	 	112	  	 				 	 	0.42800	  	 	 	148	  	 				 	 	0.35600	  
	 	5	  	 				 	 	0.99375	  	 	 	41	  	 				 	 	0.94875	  	 	 	77	  	 				 	 	0.52900	  	 	 	113	  	 				 	 	0.42600	  	 	 	149	  	 				 	 	0.35400	  
	 	6	  	 				 	 	0.99250	  	 	 	42	  	 				 	 	0.94750	  	 	 	78	  	 				 	 	0.52600	  	 	 	114	  	 				 	 	0.42400	  	 	 	150	  	 				 	 	0.35200	  
	 	7	  	 				 	 	0.99125	  	 	 	43	  	 				 	 	0.94625	  	 	 	79	  	 				 	 	0.52300	  	 	 	115	  	 				 	 	0.42200	  	 	 	151	  	 				 	 	0.35000	  
	 	8	  	 				 	 	0.99000	  	 	 	44	  	 				 	 	0.94500	  	 	 	80	  	 				 	 	0.52000	  	 	 	116	  	 				 	 	0.42000	  	 	 	152	  	 				 	 	0.34800	  
	 	9	  	 				 	 	0.98875	  	 	 	45	  	 				 	 	0.94375	  	 	 	81	  	 				 	 	0.51700	  	 	 	117	  	 				 	 	0.41800	  	 	 	153	  	 				 	 	0.34600	  
	 	10	  	 				 	 	0.98750	  	 	 	46	  	 				 	 	0.94250	  	 	 	82	  	 				 	 	0.51400	  	 	 	118	  	 				 	 	0.41600	  	 	 	154	  	 				 	 	0.34400	  
	 	11	  	 				 	 	0.98625	  	 	 	47	  	 				 	 	0.94125	  	 	 	83	  	 				 	 	0.51100	  	 	 	119	  	 				 	 	0.41400	  	 	 	155	  	 				 	 	0.34200	  
	 	12	  	 	 	(59	) 	 	 	0.98500	  	 	 	48	  	 	 	(56	) 	 	 	0.94000	  	 	 	84	  	 	 	(53	) 	 	 	0.50800	  	 	 	120	  	 	 	(50	) 	 	 	0.41200	  	 	 	156	  	 	 	(47	) 	 	 	0.34000	  
	 	13	  	 				 	 	0.98375	  	 	 	49	  	 				 	 	0.93875	  	 	 	85	  	 				 	 	0.50500	  	 	 	121	  	 				 	 	0.41000	  	 	 	157	  	 				 	 	0.33800	  
	 	14	  	 				 	 	0.98250	  	 	 	50	  	 				 	 	0.93750	  	 	 	86	  	 				 	 	0.50200	  	 	 	122	  	 				 	 	0.40800	  	 	 	158	  	 				 	 	0.33600	  
	 	15	  	 				 	 	0.98125	  	 	 	51	  	 				 	 	0.93625	  	 	 	87	  	 				 	 	0.49900	  	 	 	123	  	 				 	 	0.40600	  	 	 	159	  	 				 	 	0.33400	  
	 	16	  	 				 	 	0.98000	  	 	 	52	  	 				 	 	0.93500	  	 	 	88	  	 				 	 	0.49600	  	 	 	124	  	 				 	 	0.40400	  	 	 	160	  	 				 	 	0.33200	  
	 	17	  	 				 	 	0.97875	  	 	 	53	  	 				 	 	0.93375	  	 	 	89	  	 				 	 	0.49300	  	 	 	125	  	 				 	 	0.40200	  	 	 	161	  	 				 	 	0.33000	  
	 	18	  	 				 	 	0.97750	  	 	 	54	  	 				 	 	0.93250	  	 	 	90	  	 				 	 	0.49000	  	 	 	126	  	 				 	 	0.40000	  	 	 	162	  	 				 	 	0.32800	  
	 	19	  	 				 	 	0.97625	  	 	 	55	  	 				 	 	0.93125	  	 	 	91	  	 				 	 	0.48700	  	 	 	127	  	 				 	 	0.39800	  	 	 	163	  	 				 	 	0.32600	  
	 	20	  	 				 	 	0.97500	  	 	 	56	  	 				 	 	0.93000	  	 	 	92	  	 				 	 	0.48400	  	 	 	128	  	 				 	 	0.39600	  	 	 	164	  	 				 	 	0.32400	  
	 	21	  	 				 	 	0.97375	  	 	 	57	  	 				 	 	0.92875	  	 	 	93	  	 				 	 	0.48100	  	 	 	129	  	 				 	 	0.39400	  	 	 	165	  	 				 	 	0.32200	  
	 	22	  	 				 	 	0.97250	  	 	 	58	  	 				 	 	0.92750	  	 	 	94	  	 				 	 	0.47800	  	 	 	130	  	 				 	 	0.39200	  	 	 	166	  	 				 	 	0.32000	  
	 	23	  	 				 	 	0.97125	  	 	 	59	  	 				 	 	0.92625	  	 	 	95	  	 				 	 	0.47500	  	 	 	131	  	 				 	 	0.39000	  	 	 	167	  	 				 	 	0.31800	  
	 	24	  	 	 	(58	) 	 	 	0.97000	  	 	 	60	  	 	 	(55	) 	 	 	0.92500	  	 	 	96	  	 	 	(52	) 	 	 	0.47200	  	 	 	132	  	 	 	(49	) 	 	 	0.38800	  	 	 	168	  	 	 	(46	) 	 	 	0.31600	  
	 	25	  	 				 	 	0.96875	  	 	 	61	  	 				 	 	0.57700	  	 	 	97	  	 				 	 	0.46900	  	 	 	133	  	 				 	 	0.38600	  	 	 	169	  	 				 	 	0.31400	  
	 	26	  	 				 	 	0.96750	  	 	 	62	  	 				 	 	0.57400	  	 	 	98	  	 				 	 	0.46600	  	 	 	134	  	 				 	 	0.38400	  	 	 	170	  	 				 	 	0.31200	  
	 	27	  	 				 	 	0.96625	  	 	 	63	  	 				 	 	0.57100	  	 	 	99	  	 				 	 	0.46300	  	 	 	135	  	 				 	 	0.38200	  	 	 	171	  	 				 	 	0.31000	  
	 	28	  	 				 	 	0.96500	  	 	 	64	  	 				 	 	0.56800	  	 	 	100	  	 				 	 	0.46000	  	 	 	136	  	 				 	 	0.38000	  	 	 	172	  	 				 	 	0.30800	  
	 	29	  	 				 	 	0.96375	  	 	 	65	  	 				 	 	0.56500	  	 	 	101	  	 				 	 	0.45700	  	 	 	137	  	 				 	 	0.37800	  	 	 	173	  	 				 	 	0.30600	  
	 	30	  	 				 	 	0.96250	  	 	 	66	  	 				 	 	0.56200	  	 	 	102	  	 				 	 	0.45400	  	 	 	138	  	 				 	 	0.37600	  	 	 	174	  	 				 	 	0.30400	  
	 	31	  	 				 	 	0.96125	  	 	 	67	  	 				 	 	0.55900	  	 	 	103	  	 				 	 	0.45100	  	 	 	139	  	 				 	 	0.37400	  	 	 	175	  	 				 	 	0.30200	  
	 	32	  	 				 	 	0.96000	  	 	 	68	  	 				 	 	0.55600	  	 	 	104	  	 				 	 	0.44800	  	 	 	140	  	 				 	 	0.37200	  	 	 	176	  	 				 	 	0.30000	  
	 	33	  	 				 	 	0.95875	  	 	 	69	  	 				 	 	0.55300	  	 	 	105	  	 				 	 	0.44500	  	 	 	141	  	 				 	 	0.37000	  	 	 	177	  	 				 	 	0.29800	  
	 	34	  	 				 	 	0.95750	  	 	 	70	  	 				 	 	0.55000	  	 	 	106	  	 				 	 	0.44200	  	 	 	142	  	 				 	 	0.36800	  	 	 	178	  	 				 	 	0.29600	  
	 	35	  	 				 	 	0.95625	  	 	 	71	  	 				 	 	0.54700	  	 	 	107	  	 				 	 	0.43900	  	 	 	143	  	 				 	 	0.36600	  	 	 	179	  	 				 	 	0.29400	  
	 	36	  	 	 	(57	) 	 	 	0.95500	  	 	 	72	  	 	 	(54	) 	 	 	0.54400	  	 	 	108	  	 	 	(51	) 	 	 	0.43600	  	 	 	144	  	 	 	(48	) 	 	 	0.36400	  	 	 	180	  	 	 	(45	) 	 	 	0.29200	  

 Exact ages shown in parenthesis 

  
 2 

 APPENDICES 

Sub appendix A. 1 
 TABLE
B – 
 Conversion from Single Life to Twelve Year Certain 

And Life Annuity Conversion Factors 

 

					
	 Age
	  	Factor	 
	 45
	  	 	0.9948	  
	 46
	  	 	0.9942	  
	 47
	  	 	0.9935	  
	 48
	  	 	0.9927	  
	 49
	  	 	0.9919	  
	 50
	  	 	0.9911	  
	 51
	  	 	0.9901	  
	 52
	  	 	0.9891	  
	 53
	  	 	0.9880	  
	 54
	  	 	0.9868	  
	 55
	  	 	0.9854	  
	 56
	  	 	0.9838	  
	 57
	  	 	0.9820	  
	 58
	  	 	0.9800	  
	 59
	  	 	0.9776	  
	 60
	  	 	0.9748	  
	 61
	  	 	0.9716	  
	 62
	  	 	0.9679	  
	 63
	  	 	0.9637	  
	 64
	  	 	0.9589	  
	 65
	  	 	0.9535	  
	 66
	  	 	0.9474	  
	 67
	  	 	0.9405	  
	 68
	  	 	0.9329	  
	 69
	  	 	0.9243	  
	 70
	  	 	0.9148	  

					
	 Age
	  	Factor	 
	 71
	  	 	0.9042	  
	 72
	  	 	0.8925	  
	 73
	  	 	0.8796	  
	 74
	  	 	0.8654	  
	 75
	  	 	0.8499	  
	 76
	  	 	0.8332	  
	 77
	  	 	0.8154	  
	 78
	  	 	0.7966	  
	 79
	  	 	0.7770	  
	 80
	  	 	0.7566	  
	 81
	  	 	0.7354	  
	 82
	  	 	0.7138	  
	 83
	  	 	0.6915	  
	 84
	  	 	0.6688	  
	 85
	  	 	0.6457	  
	 86
	  	 	0.6220	  
	 87
	  	 	0.5978	  
	 88
	  	 	0.5733	  
	 89
	  	 	0.5485	  
	 90
	  	 	0.5236	  
	 91
	  	 	0.4989	  
	 92
	  	 	0.4742	  
	 93
	  	 	0.4497	  
	 94
	  	 	0.4254	  
	 95
	  	 	0.4016	  

 
 

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

  
 3 

 APPENDICES 

Sub appendix A. 1 
 TABLE C 

Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 Beneficiary’s Age

At Pensioner’s

Retirement
	  	 PENSIONER WHOSE RETIREMENT AGE IS: 
	 	  	 Beneficiary’s

Age At Pensioner’s

Retirement

	 	  	20	 	 	21	 	 	22	 	 	23	 	 	24	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	  	33	 	  	354	 	  	35	 	  	 
	 20
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	20
	 21
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	21
	 22
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	22
	 23
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	23
	 24
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	24
	 25
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	25
	 26
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	26
	 27
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	27
	 28
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	28
	 29
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	29
	 30
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	30
	 31
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	31
	 32
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	32
	 33
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	33
	 34
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	34
	 35
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	35
	 36
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	36
	 37
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	37
	 38
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	38
	 39
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	39
	 40
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	40
	 41
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	12
	 42
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	42
	 43
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	43
	 44
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	44
	 45
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	45
	 46
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	46
	 47
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	47
	 48
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	48
	 49
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	49
	 50
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	50
	 51
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	51
	 52
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	52
	 53
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	53
	 54
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	54
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	20	  		 	21	  		 	22	  		 	23	  		 	24	  		 	25	  		 	26	  		 	27	  		 	28	  		 	29	  		 	30	  		 	31	  		 	32	  		 	33	  		 	34	  		 	35	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        *
=            1.000                            
            INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 4 

 APPENDICES 

Sub appendix A. 1 
 TABLE
C 
 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 Beneficiary’s

Age At
Pensioner’s

Retirement
	  	PENSIONER WHOSE RETIREMENT AGE IS:	 	  	 Beneficiary’s

Age At
Pensioner’s

Retirement

	  	20	 	 	21	 	 	22	 	 	23	 	 	24	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	  	32	 	  	33	 	  	34	 	  	35	 	  
	 55
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	55
	 56
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	56
	 57
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	57
	 58
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	58
	 59
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	59
	 60
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	60
	 61
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	61
	 62
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	62
	 63
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	63
	 64
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	64
	 65
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	65
	 66
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	66
	 67
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	67
	 68
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	68
	 69
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	69
	 70
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	70
	 71
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	71
	 72
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	72
	 73
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	73
	 75
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	75
	 76
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	76
	 77
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	77
	 78
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	78
	 79
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	79
	 80
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	80
	 81
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	81
	 82
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	82
	 83
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	83
	 84
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	84
	 85
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	85
	 86
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	86
	 87
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	87
	 88
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	88
	 89
	  	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	 	* 	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	 	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	89
		  	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	20	  		 	21	  		 	22	  		 	23	  		 	24	  		 	25	  		 	26	  		 	27	  		 	28	  		 	29	  		 	30	  		 	31	  		 	32	  		 	33	  		 	34	  		 	35	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                        
INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 5 

 APPENDICES 

Sub appendix A. 1 
 TABLE
C – 
 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT
	  	 PENSIONER WHOSE RETIREMENT AGE IS: 
	 	  	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT

	 	  	35	 	  	36	 	  	37	 	  	38	 	  	39	 	  	40	 	  	41	 	  	42	 	  	43	 	  	44	 	  	45	 	  	46	 	  	47	 	  	48	 	  	49	 	  	50	 	  	 
	 20
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	20
	 21
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	21
	 22
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	22
	 23
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	23
	 24
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	24
	 25
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	25
	 26
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	26
	 27
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	27
	 28
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	28
	 29
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	29
	 30
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	30
	 31
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	31
	 32
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	32
	 33
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	33
	 34
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	34
	 35
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	35
	 36
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	36
	 37
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	37
	 38
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	38
	 39
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	39
	 40
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	40
	 41
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	12
	 42
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	42
	 43
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	43
	 44
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	44
	 45
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	45
	 46
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	46
	 47
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	47
	 48
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	48
	 49
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	49
	 50
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	50
	 51
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	51
	 52
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	52
	 53
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	53
	 54
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	54
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	35	  		 	36	  		 	37	  		 	38	  		 	39	  		 	40	  		 	41	  		 	42	  		 	43	  		 	44	  		 	45	  		 	46	  		 	47	  		 	48	  		 	49	  		 	50	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * = 1.000                    INTEREST -
7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 6 

 APPENDICES 

Sub appendix A. 1 
 TABLE C –

 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT
	  	  

PENSIONER WHOSE RETIREMENT AGE IS:
	 	  	BENEFICIARY’S
AGE AT
PENSIONER’S
RETIREMENT
	 	  	35	 	  	36	 	  	37	 	  	38	 	  	39	 	  	40	 	  	41	 	  	42	 	  	43	 	  	44	 	  	45	 	  	46	 	  	47	 	  	48	 	  	49	 	  	50	 	  	 
	 55
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	55
	 56
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	56
	 57
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	57
	 58
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	58
	 60
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	60
	 61
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	61
	 62
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	62
	 63
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	63
	 64
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	64
	 65
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	65
	 66
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	66
	 67
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	67
	 68
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	68
	 69
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	69
	 70
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	70
	 71
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	71
	 72
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	72
	 73
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	73
	 74
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	74
	 75
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	75
	 76
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	76
	 77
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	77
	 78
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	78
	 79
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	79
	 80
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	80
	 81
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	81
	 82
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	82
	 83
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	83
	 84
	  	 	.999	  	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	84
	 85
	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	85
	 86
	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	86
	 87
	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	87
	 88
	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	88
	 89
	  	 	.999	  	  	 	.999	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.998	  	  	 	.997	  	  	 	.997	  	  	 	.997	  	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	89
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	35	  		 	36	  		 	37	  		 	38	  		 	39	  		 	40	  		 	41	  		 	42	  		 	43	  		 	44	  		 	45	  		 	46	  		 	47	  		 	48	  		 	49	  		 	50	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                   
     INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 7 

 APPENDICES 

Sub appendix A. 1 
 TABLE C –

 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT
	  	  

PENSIONER WHOSE RETIREMENT AGE IS:
	 	  	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT

	 	  	50	 	  	51	 	  	52	 	  	53	 	  	54	 	  	55	 	  	56	 	  	57	 	  	58	 	  	59	 	  	60	 	  	61	 	  	62	 	  	63	 	  	64	 	  	65	 	  	 
	 20
	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.983	  	  	 	.980	  	  	20
	 21
	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.983	  	  	 	.980	  	  	21
	 22
	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	22
	 23
	  	 	.996	  	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	23
	 24
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	24
	 25
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	25
	 26
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	26
	 27
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	27
	 28
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	28
	 29
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	29
	 30
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	30
	 31
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	31
	 32
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	32
	 33
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	33
	 34
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	34
	 35
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	35
	 36
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	36
	 37
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	37
	 38
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	38
	 39
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	39
	 40
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	40
	 41
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	12
	 42
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	42
	 43
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.979	  	  	43
	 44
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.982	  	  	 	.979	  	  	44
	 45
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.981	  	  	 	.979	  	  	45
	 46
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.981	  	  	 	.979	  	  	46
	 47
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	47
	 48
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	48
	 49
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.991	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	49
	 50
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	50
	 51
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	51
	 52
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	52
	 53
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	53
	 54
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	54
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	50	  		 	51	  		 	52	  		 	53	  		 	54	  		 	55	  		 	56	  		 	57	  		 	58	  		 	59	  		 	60	  		 	61	  		 	62	  		 	63	  		 	64	  		 	65	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                        
INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 8 

 APPENDICES 

Sub appendix A. 1 
 TABLE C- 

Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT
	  	 PENSIONER WHOSE RETIREMENT AGE IS:
	 	  	 BENEFICIARY’S

AGE AT

	 PENSIONER’S
RETIREMENT
	  	50	 	  	51	 	  	52	 	  	53	 	  	54	 	  	55	 	  	56	 	  	57	 	  	58	 	  	59	 	  	60	 	  	61	 	  	62	 	  	63	 	  	64	 	  	65	 	  	PENSIONER’S
RETIREMENT
	 55
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	55
	 56
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.980	  	  	 	.978	  	  	56
	 57
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.978	  	  	57
	 58
	  	 	.996	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.978	  	  	58
	 59
	  	 	.995	  	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.977	  	  	59
	 60
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.977	  	  	60
	 61
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.977	  	  	61
	 62
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.979	  	  	 	.977	  	  	62
	 63
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	63
	 64
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.991	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	64
	 65
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	 	.976	  	  	65
	 66
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	 	.975	  	  	66
	 67
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	67
	 68
	  	 	.995	  	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	68
	 70
	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	70
	 71
	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	71
	 72
	  	 	.995	  	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	72
	 73
	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	73
	 74
	  	 	.995	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	74
	 75
	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	75
	 76
	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	 	.970	  	  	76
	 77
	  	 	.994	  	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	77
	 78
	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.969	  	  	78
	 79
	  	 	.994	  	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	79
	 80
	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.971	  	  	 	.968	  	  	80
	 81
	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.967	  	  	81
	 82
	  	 	.994	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.982	  	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	 	.970	  	  	 	.966	  	  	82
	 83
	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	83
	 84
	  	 	.993	  	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.969	  	  	 	.965	  	  	84
	 85
	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.986	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.964	  	  	85
	 86
	  	 	.993	  	  	 	.992	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.964	  	  	86
	 87
	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.990	  	  	 	.988	  	  	 	.987	  	  	 	.986	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.967	  	  	 	.963	  	  	87
	 88
	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.984	  	  	 	.982	  	  	 	.980	  	  	 	.977	  	  	 	.974	  	  	 	.970	  	  	 	.967	  	  	 	.962	  	  	88
	 89
	  	 	.993	  	  	 	.992	  	  	 	.991	  	  	 	.990	  	  	 	.989	  	  	 	.988	  	  	 	.987	  	  	 	.985	  	  	 	.983	  	  	 	.981	  	  	 	.979	  	  	 	.977	  	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	 	.962	  	  	89
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	50	  		 	51	  		 	52	  		 	53	  		 	54	  		 	55	  		 	56	  		 	57	  		 	58	  		 	59	  		 	60	  		 	61	  		 	62	  		 	63	  		 	64	  		 	65	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                        
INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 9 

 APPENDICES 

Sub appendix A. 1 
 TABLE C –

 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT

PENSIONER’S
RETIREMENT
	  	PENSIONER WHOSE RETIREMENT AGE IS:	 	  	 BENEFICIARY’S

AGE AT

PENSIONER’S
RETIREMENT

	  	65	 	  	66	 	  	67	 	  	68	 	  	69	 	  	70	 	  	71	 	  	72	 	  	73	 	  	74	 	  	75	 	  	76	 	  	77	 	  	78	 	  	79	 	  	80	 	  
	 20
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.966	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.937	  	  	 	.931	  	  	 	.924	  	  	 	.918	  	  	 	.911	  	  	20
	 21
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.966	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.937	  	  	 	.931	  	  	 	.924	  	  	 	.917	  	  	 	.911	  	  	21
	 22
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.966	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.937	  	  	 	.930	  	  	 	.924	  	  	 	.917	  	  	 	.911	  	  	22
	 23
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.966	  	  	 	.962	  	  	 	.957	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.937	  	  	 	.930	  	  	 	.924	  	  	 	.917	  	  	 	.910	  	  	23
	 24
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.966	  	  	 	.962	  	  	 	.957	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.924	  	  	 	.917	  	  	 	.910	  	  	24
	 25
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.966	  	  	 	.962	  	  	 	.957	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.924	  	  	 	.917	  	  	 	.910	  	  	25
	 26
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.962	  	  	 	.957	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.924	  	  	 	.917	  	  	 	.910	  	  	26
	 27
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.962	  	  	 	.957	  	  	 	.953	  	  	 	.947	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.923	  	  	 	.917	  	  	 	.910	  	  	27
	 28
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.923	  	  	 	.917	  	  	 	.910	  	  	28
	 29
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.923	  	  	 	.917	  	  	 	.910	  	  	29
	 30
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.923	  	  	 	.916	  	  	 	.910	  	  	30
	 31
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.923	  	  	 	.916	  	  	 	.909	  	  	31
	 32
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.936	  	  	 	.929	  	  	 	.923	  	  	 	.916	  	  	 	.909	  	  	32
	 33
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.935	  	  	 	.929	  	  	 	.923	  	  	 	.916	  	  	 	.909	  	  	33
	 34
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.935	  	  	 	.929	  	  	 	.923	  	  	 	.916	  	  	 	.909	  	  	34
	 35
	  	 	.980	  	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.935	  	  	 	.929	  	  	 	.922	  	  	 	.916	  	  	 	.908	  	  	35
	 36
	  	 	.980	  	  	 	.977	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.965	  	  	 	.961	  	  	 	.956	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.935	  	  	 	.929	  	  	 	.922	  	  	 	.915	  	  	 	.908	  	  	36
	 37
	  	 	.980	  	  	 	.977	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.965	  	  	 	.961	  	  	 	.956	  	  	 	.952	  	  	 	.946	  	  	 	.941	  	  	 	.935	  	  	 	.928	  	  	 	.922	  	  	 	.915	  	  	 	.908	  	  	37
	 38
	  	 	.980	  	  	 	.977	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.965	  	  	 	.961	  	  	 	.956	  	  	 	.951	  	  	 	.946	  	  	 	.941	  	  	 	.935	  	  	 	.928	  	  	 	.922	  	  	 	.915	  	  	 	.908	  	  	38
	 39
	  	 	.980	  	  	 	.977	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.965	  	  	 	.961	  	  	 	.956	  	  	 	.951	  	  	 	.946	  	  	 	.940	  	  	 	.934	  	  	 	.928	  	  	 	.921	  	  	 	.914	  	  	 	.907	  	  	39
	 40
	  	 	.980	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.960	  	  	 	.956	  	  	 	.951	  	  	 	.946	  	  	 	.940	  	  	 	.934	  	  	 	.928	  	  	 	.921	  	  	 	.914	  	  	 	.907	  	  	40
	 41
	  	 	.980	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.960	  	  	 	.956	  	  	 	.951	  	  	 	.946	  	  	 	.940	  	  	 	.934	  	  	 	.927	  	  	 	.921	  	  	 	.914	  	  	 	.907	  	  	12
	 42
	  	 	.980	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.960	  	  	 	.956	  	  	 	.951	  	  	 	.945	  	  	 	.940	  	  	 	.934	  	  	 	.927	  	  	 	.920	  	  	 	.913	  	  	 	.906	  	  	42
	 43
	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.960	  	  	 	.955	  	  	 	.951	  	  	 	.945	  	  	 	.939	  	  	 	.933	  	  	 	.927	  	  	 	.920	  	  	 	.913	  	  	 	.906	  	  	43
	 44
	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.960	  	  	 	.955	  	  	 	.950	  	  	 	.945	  	  	 	.939	  	  	 	.933	  	  	 	.927	  	  	 	.920	  	  	 	.913	  	  	 	.905	  	  	44
	 45
	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.967	  	  	 	.964	  	  	 	.960	  	  	 	.955	  	  	 	.950	  	  	 	.945	  	  	 	.939	  	  	 	.933	  	  	 	.926	  	  	 	.919	  	  	 	.912	  	  	 	.905	  	  	45
	 46
	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.967	  	  	 	.963	  	  	 	.959	  	  	 	.955	  	  	 	.950	  	  	 	.944	  	  	 	.939	  	  	 	.932	  	  	 	.926	  	  	 	.919	  	  	 	.912	  	  	 	.904	  	  	46
	 47
	  	 	.979	  	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.967	  	  	 	.963	  	  	 	.959	  	  	 	.955	  	  	 	.950	  	  	 	.944	  	  	 	.938	  	  	 	.932	  	  	 	.925	  	  	 	.918	  	  	 	.911	  	  	 	.904	  	  	47
	 48
	  	 	.979	  	  	 	.976	  	  	 	.974	  	  	 	.970	  	  	 	.967	  	  	 	.963	  	  	 	.959	  	  	 	.954	  	  	 	.949	  	  	 	.944	  	  	 	.938	  	  	 	.932	  	  	 	.925	  	  	 	.918	  	  	 	.911	  	  	 	.903	  	  	48
	 49
	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.967	  	  	 	.963	  	  	 	.959	  	  	 	.954	  	  	 	.949	  	  	 	.943	  	  	 	.937	  	  	 	.931	  	  	 	.924	  	  	 	.917	  	  	 	.910	  	  	 	.903	  	  	49
	 50
	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.967	  	  	 	.963	  	  	 	.958	  	  	 	.954	  	  	 	.949	  	  	 	.943	  	  	 	.937	  	  	 	.931	  	  	 	.924	  	  	 	.917	  	  	 	.910	  	  	 	.902	  	  	50
	 51
	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.943	  	  	 	.937	  	  	 	.930	  	  	 	.923	  	  	 	.916	  	  	 	.909	  	  	 	.901	  	  	51
	 52
	  	 	.979	  	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.936	  	  	 	.930	  	  	 	.923	  	  	 	.916	  	  	 	.908	  	  	 	.901	  	  	52
	 53
	  	 	.978	  	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.936	  	  	 	.929	  	  	 	.922	  	  	 	.915	  	  	 	.908	  	  	 	.900	  	  	53
	 54
	  	 	.978	  	  	 	.976	  	  	 	.973	  	  	 	.969	  	  	 	.966	  	  	 	.962	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.935	  	  	 	.929	  	  	 	.922	  	  	 	.914	  	  	 	.907	  	  	 	.899	  	  	54
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	65	  		 	66	  		 	67	  		 	68	  		 	69	  		 	70	  		 	71	  		 	72	  		 	73	  		 	74	  		 	75	  		 	76	  		 	77	  		 	78	  		 	79	  		 	80	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                        
INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 10 

 APPENDICES 

Sub appendix A. 1 
 TABLE C –

 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT
	  	  
 PENSIONER WHOSE RETIREMENT AGE IS:
	 	  	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT

	  	65	 	  	66	 	  	67	 	  	68	 	  	69	 	  	70	 	  	71	 	  	72	 	  	73	 	  	74	 	  	75	 	  	76	 	  	77	 	  	78	 	  	79	 	  	80	 	  
	55	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.935	  	  	 	.928	  	  	 	.921	  	  	 	.914	  	  	 	.906	  	  	 	.898	  	  	55
	56	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.946	  	  	 	.940	  	  	 	.934	  	  	 	.927	  	  	 	.920	  	  	 	.913	  	  	 	.905	  	  	 	.897	  	  	56
	57	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.956	  	  	 	.951	  	  	 	.946	  	  	 	.940	  	  	 	.933	  	  	 	.927	  	  	 	.919	  	  	 	.912	  	  	 	.904	  	  	 	.896	  	  	57
	58	  	 	.978	  	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.965	  	  	 	.960	  	  	 	.956	  	  	 	.951	  	  	 	.945	  	  	 	.939	  	  	 	.933	  	  	 	.926	  	  	 	.919	  	  	 	.911	  	  	 	.903	  	  	 	.895	  	  	58
	59	  	 	.977	  	  	 	.975	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.960	  	  	 	.955	  	  	 	.950	  	  	 	.945	  	  	 	.939	  	  	 	.932	  	  	 	.925	  	  	 	.918	  	  	 	.910	  	  	 	.902	  	  	 	.894	  	  	59
	60	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.959	  	  	 	.955	  	  	 	.950	  	  	 	.944	  	  	 	.938	  	  	 	.931	  	  	 	.924	  	  	 	.917	  	  	 	.909	  	  	 	.901	  	  	 	.892	  	  	60
	61	  	 	.977	  	  	 	.974	  	  	 	.971	  	  	 	.967	  	  	 	.963	  	  	 	.959	  	  	 	.954	  	  	 	.949	  	  	 	.943	  	  	 	.937	  	  	 	.930	  	  	 	.923	  	  	 	.916	  	  	 	.908	  	  	 	.899	  	  	 	.891	  	  	61
	62	  	 	.977	  	  	 	.974	  	  	 	.970	  	  	 	.967	  	  	 	.963	  	  	 	.959	  	  	 	.954	  	  	 	.948	  	  	 	.943	  	  	 	.936	  	  	 	.929	  	  	 	.922	  	  	 	.914	  	  	 	.906	  	  	 	.898	  	  	 	.889	  	  	62
	63	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.942	  	  	 	.935	  	  	 	.928	  	  	 	.921	  	  	 	.913	  	  	 	.905	  	  	 	.896	  	  	 	.888	  	  	63
	64	  	 	.976	  	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	 	.962	  	  	 	.957	  	  	 	.952	  	  	 	.947	  	  	 	.941	  	  	 	.934	  	  	 	.927	  	  	 	.920	  	  	 	.912	  	  	 	.903	  	  	 	.895	  	  	 	.886	  	  	64
	65	  	 	.976	  	  	 	.973	  	  	 	.969	  	  	 	.966	  	  	 	.961	  	  	 	.957	  	  	 	.952	  	  	 	.946	  	  	 	.940	  	  	 	.933	  	  	 	.926	  	  	 	.918	  	  	 	.910	  	  	 	.902	  	  	 	.893	  	  	 	.884	  	  	65
	66	  	 	.975	  	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.956	  	  	 	.951	  	  	 	.945	  	  	 	.939	  	  	 	.933	  	  	 	.925	  	  	 	.917	  	  	 	.909	  	  	 	.900	  	  	 	.891	  	  	 	.882	  	  	66
	67	  	 	.975	  	  	 	.972	  	  	 	.968	  	  	 	.964	  	  	 	.960	  	  	 	.956	  	  	 	.950	  	  	 	.944	  	  	 	.938	  	  	 	.931	  	  	 	.923	  	  	 	.915	  	  	 	.907	  	  	 	.898	  	  	 	.889	  	  	 	.879	  	  	67
	68	  	 	.975	  	  	 	.971	  	  	 	.968	  	  	 	.964	  	  	 	.959	  	  	 	.956	  	  	 	.949	  	  	 	.943	  	  	 	.937	  	  	 	.930	  	  	 	.922	  	  	 	.914	  	  	 	.906	  	  	 	.896	  	  	 	.887	  	  	 	.877	  	  	68
	69	  	 	.974	  	  	 	.971	  	  	 	.967	  	  	 	.963	  	  	 	.959	  	  	 	.954	  	  	 	.948	  	  	 	.942	  	  	 	.935	  	  	 	.928	  	  	 	.920	  	  	 	.912	  	  	 	.903	  	  	 	.894	  	  	 	.884	  	  	 	.874	  	  	69
	70	  	 	.974	  	  	 	.970	  	  	 	.967	  	  	 	.962	  	  	 	.958	  	  	 	.953	  	  	 	.947	  	  	 	.941	  	  	 	.934	  	  	 	.927	  	  	 	.919	  	  	 	.910	  	  	 	.901	  	  	 	.892	  	  	 	.882	  	  	 	.872	  	  	70
	71	  	 	.973	  	  	 	.970	  	  	 	.966	  	  	 	.962	  	  	 	.957	  	  	 	.952	  	  	 	.946	  	  	 	.940	  	  	 	.933	  	  	 	.925	  	  	 	.917	  	  	 	.908	  	  	 	.899	  	  	 	.889	  	  	 	.879	  	  	 	.869	  	  	71
	72	  	 	.973	  	  	 	.969	  	  	 	.965	  	  	 	.952	  	  	 	.956	  	  	 	.951	  	  	 	.945	  	  	 	.939	  	  	 	.931	  	  	 	.924	  	  	 	.915	  	  	 	.906	  	  	 	.897	  	  	 	.887	  	  	 	.876	  	  	 	.866	  	  	72
	73	  	 	.972	  	  	 	.969	  	  	 	.965	  	  	 	.960	  	  	 	.955	  	  	 	.950	  	  	 	.944	  	  	 	.937	  	  	 	.930	  	  	 	.922	  	  	 	.913	  	  	 	.904	  	  	 	.894	  	  	 	.884	  	  	 	.873	  	  	 	.863	  	  	73
	74	  	 	.972	  	  	 	.968	  	  	 	.964	  	  	 	.959	  	  	 	.954	  	  	 	.949	  	  	 	.943	  	  	 	.936	  	  	 	.928	  	  	 	.920	  	  	 	.911	  	  	 	.902	  	  	 	.892	  	  	 	.881	  	  	 	.870	  	  	 	.859	  	  	74
	75	  	 	.971	  	  	 	.967	  	  	 	.963	  	  	 	.958	  	  	 	.953	  	  	 	.948	  	  	 	.941	  	  	 	.934	  	  	 	.927	  	  	 	.918	  	  	 	.909	  	  	 	.899	  	  	 	.889	  	  	 	.878	  	  	 	.867	  	  	 	.856	  	  	75
	76	  	 	.970	  	  	 	.967	  	  	 	.962	  	  	 	.958	  	  	 	.952	  	  	 	.946	  	  	 	.940	  	  	 	.933	  	  	 	.925	  	  	 	.916	  	  	 	.907	  	  	 	.897	  	  	 	.886	  	  	 	.875	  	  	 	.864	  	  	 	.852	  	  	76
	77	  	 	.970	  	  	 	.966	  	  	 	.961	  	  	 	.957	  	  	 	.951	  	  	 	.945	  	  	 	.938	  	  	 	.931	  	  	 	.923	  	  	 	.916	  	  	 	.905	  	  	 	.894	  	  	 	.884	  	  	 	.872	  	  	 	.860	  	  	 	.848	  	  	77
	78	  	 	.969	  	  	 	.965	  	  	 	.961	  	  	 	.956	  	  	 	.950	  	  	 	.944	  	  	 	.941	  	  	 	.930	  	  	 	.921	  	  	 	.912	  	  	 	.902	  	  	 	.892	  	  	 	.881	  	  	 	.872	  	  	 	.857	  	  	 	.844	  	  	78
	79	  	 	.969	  	  	 	.964	  	  	 	.960	  	  	 	.955	  	  	 	.949	  	  	 	.943	  	  	 	.940	  	  	 	.928	  	  	 	.919	  	  	 	.910	  	  	 	.900	  	  	 	.889	  	  	 	.878	  	  	 	.866	  	  	 	.853	  	  	 	.841	  	  	79
	80	  	 	.968	  	  	 	.964	  	  	 	.959	  	  	 	.954	  	  	 	.948	  	  	 	.941	  	  	 	.934	  	  	 	.926	  	  	 	.918	  	  	 	.908	  	  	 	.898	  	  	 	.887	  	  	 	.875	  	  	 	.863	  	  	 	.850	  	  	 	.837	  	  	80
	81	  	 	.967	  	  	 	.963	  	  	 	.958	  	  	 	.953	  	  	 	.947	  	  	 	.940	  	  	 	.933	  	  	 	.925	  	  	 	.916	  	  	 	.906	  	  	 	.895	  	  	 	.884	  	  	 	.872	  	  	 	.860	  	  	 	.846	  	  	 	.833	  	  	81
	82	  	 	.966	  	  	 	.962	  	  	 	.957	  	  	 	.952	  	  	 	.948	  	  	 	.939	  	  	 	.931	  	  	 	.923	  	  	 	.914	  	  	 	.904	  	  	 	.893	  	  	 	.882	  	  	 	.869	  	  	 	.856	  	  	 	.843	  	  	 	.829	  	  	82
	83	  	 	.966	  	  	 	.961	  	  	 	.956	  	  	 	.951	  	  	 	.944	  	  	 	.937	  	  	 	.930	  	  	 	.921	  	  	 	.912	  	  	 	.902	  	  	 	.891	  	  	 	.879	  	  	 	.866	  	  	 	.853	  	  	 	.839	  	  	 	.825	  	  	83
	84	  	 	.965	  	  	 	.960	  	  	 	.955	  	  	 	.950	  	  	 	.943	  	  	 	.936	  	  	 	.928	  	  	 	.920	  	  	 	.910	  	  	 	.900	  	  	 	.888	  	  	 	.876	  	  	 	.863	  	  	 	.850	  	  	 	.836	  	  	 	.821	  	  	84
	85	  	 	.964	  	  	 	.960	  	  	 	.954	  	  	 	.949	  	  	 	.942	  	  	 	.935	  	  	 	.927	  	  	 	.918	  	  	 	.908	  	  	 	.898	  	  	 	.886	  	  	 	.874	  	  	 	.861	  	  	 	.847	  	  	 	.832	  	  	 	.817	  	  	85
	86	  	 	.964	  	  	 	.959	  	  	 	.954	  	  	 	.948	  	  	 	.941	  	  	 	.934	  	  	 	.925	  	  	 	.916	  	  	 	.906	  	  	 	.896	  	  	 	.884	  	  	 	.871	  	  	 	.858	  	  	 	.843	  	  	 	.829	  	  	 	.813	  	  	86
	87	  	 	.963	  	  	 	.958	  	  	 	.953	  	  	 	.947	  	  	 	.940	  	  	 	.932	  	  	 	.924	  	  	 	.915	  	  	 	.905	  	  	 	.894	  	  	 	.881	  	  	 	.869	  	  	 	.855	  	  	 	.840	  	  	 	.835	  	  	 	.810	  	  	87
	88	  	 	.962	  	  	 	.957	  	  	 	.952	  	  	 	.946	  	  	 	.939	  	  	 	.931	  	  	 	.923	  	  	 	.913	  	  	 	.903	  	  	 	.891	  	  	 	.879	  	  	 	.866	  	  	 	.852	  	  	 	.837	  	  	 	.822	  	  	 	.806	  	  	88
	89	  	 	.962	  	  	 	.957	  	  	 	.951	  	  	 	.945	  	  	 	.938	  	  	 	.930	  	  	 	.921	  	  	 	.912	  	  	 	.901	  	  	 	.889	  	  	 	.877	  	  	 	.863	  	  	 	.849	  	  	 	.834	  	  	 	.818	  	  	 	.802	  	  	89
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	65	  		 	66	  		 	67	  		 	68	  		 	69	  		 	70	  		 	71	  		 	72	  		 	73	  		 	74	  		 	75	  		 	76	  		 	77	  		 	78	  		 	79	  		 	80	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                   
     INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 11 

 APPENDICES 

Sub appendix A. 1 
 TABLE
C – 
 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT
	  	  
 PENSIONER WHOSE RETIREMENT AGE IS:
	 	  	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT

	  	80	 	  	81	 	  	82	 	  	83	 	  	84	 	  	85	 	  	86	 	  	87	 	  	88	 	  	89	 	  	90	 	  	91	 	  	92	 	  	93	 	  	94	 	  	95	 	  
	20	  	 	.911	  	  	 	.904	  	  	 	.897	  	  	 	.889	  	  	 	.882	  	  	 	.874	  	  	 	.866	  	  	 	.859	  	  	 	.850	  	  	 	.842	  	  	 	.834	  	  	 	.826	  	  	 	.818	  	  	 	.809	  	  	 	.801	  	  	 	.793	  	  	20
	21	  	 	.911	  	  	 	.904	  	  	 	.896	  	  	 	.889	  	  	 	.882	  	  	 	.874	  	  	 	.866	  	  	 	.858	  	  	 	.850	  	  	 	.842	  	  	 	.834	  	  	 	.826	  	  	 	.817	  	  	 	.809	  	  	 	.801	  	  	 	.793	  	  	21
	22	  	 	.911	  	  	 	.904	  	  	 	.896	  	  	 	.889	  	  	 	.882	  	  	 	.874	  	  	 	.866	  	  	 	.858	  	  	 	.850	  	  	 	.842	  	  	 	.834	  	  	 	.825	  	  	 	.817	  	  	 	.809	  	  	 	.801	  	  	 	.793	  	  	22
	23	  	 	.910	  	  	 	.903	  	  	 	.896	  	  	 	.889	  	  	 	.881	  	  	 	.874	  	  	 	.866	  	  	 	.858	  	  	 	.850	  	  	 	.842	  	  	 	.834	  	  	 	.825	  	  	 	.817	  	  	 	.809	  	  	 	.801	  	  	 	.792	  	  	23
	24	  	 	.910	  	  	 	.903	  	  	 	.896	  	  	 	.889	  	  	 	.881	  	  	 	.874	  	  	 	.866	  	  	 	.858	  	  	 	.850	  	  	 	.842	  	  	 	.833	  	  	 	.825	  	  	 	.817	  	  	 	.809	  	  	 	.800	  	  	 	.792	  	  	24
	25	  	 	.910	  	  	 	.903	  	  	 	.896	  	  	 	.889	  	  	 	.881	  	  	 	.873	  	  	 	.866	  	  	 	.858	  	  	 	.850	  	  	 	.841	  	  	 	.833	  	  	 	.825	  	  	 	.817	  	  	 	.808	  	  	 	.800	  	  	 	.792	  	  	25
	26	  	 	.910	  	  	 	.903	  	  	 	.896	  	  	 	.889	  	  	 	.881	  	  	 	.873	  	  	 	.865	  	  	 	.857	  	  	 	.849	  	  	 	.841	  	  	 	.833	  	  	 	.825	  	  	 	.816	  	  	 	.808	  	  	 	.800	  	  	 	.792	  	  	26
	27	  	 	.910	  	  	 	.903	  	  	 	.896	  	  	 	.888	  	  	 	.881	  	  	 	.873	  	  	 	.865	  	  	 	.857	  	  	 	.849	  	  	 	.841	  	  	 	.833	  	  	 	.824	  	  	 	.816	  	  	 	.808	  	  	 	.799	  	  	 	.791	  	  	27
	28	  	 	.910	  	  	 	.903	  	  	 	.895	  	  	 	.888	  	  	 	.881	  	  	 	.873	  	  	 	.865	  	  	 	.857	  	  	 	.849	  	  	 	.841	  	  	 	.832	  	  	 	.824	  	  	 	.816	  	  	 	.807	  	  	 	.799	  	  	 	.791	  	  	28
	29	  	 	.910	  	  	 	.903	  	  	 	.895	  	  	 	.888	  	  	 	.880	  	  	 	.873	  	  	 	.865	  	  	 	.857	  	  	 	.849	  	  	 	.840	  	  	 	.832	  	  	 	.824	  	  	 	.815	  	  	 	.807	  	  	 	.799	  	  	 	.791	  	  	29
	30	  	 	.910	  	  	 	.902	  	  	 	.895	  	  	 	.888	  	  	 	.880	  	  	 	.872	  	  	 	.865	  	  	 	.857	  	  	 	.848	  	  	 	.840	  	  	 	.832	  	  	 	.823	  	  	 	.815	  	  	 	.807	  	  	 	.798	  	  	 	.790	  	  	30
	31	  	 	.909	  	  	 	.902	  	  	 	.895	  	  	 	.887	  	  	 	.880	  	  	 	.872	  	  	 	.864	  	  	 	.856	  	  	 	.848	  	  	 	.840	  	  	 	.831	  	  	 	.823	  	  	 	.815	  	  	 	.806	  	  	 	.798	  	  	 	.790	  	  	31
	32	  	 	.909	  	  	 	.902	  	  	 	.895	  	  	 	.887	  	  	 	.880	  	  	 	.872	  	  	 	.864	  	  	 	.856	  	  	 	.848	  	  	 	.839	  	  	 	.831	  	  	 	.823	  	  	 	.814	  	  	 	.806	  	  	 	.798	  	  	 	.789	  	  	32
	33	  	 	.909	  	  	 	.902	  	  	 	.894	  	  	 	.887	  	  	 	.879	  	  	 	.872	  	  	 	.864	  	  	 	.856	  	  	 	.847	  	  	 	.839	  	  	 	.831	  	  	 	.822	  	  	 	.814	  	  	 	.805	  	  	 	.797	  	  	 	.789	  	  	33
	34	  	 	.909	  	  	 	.902	  	  	 	.894	  	  	 	.887	  	  	 	.879	  	  	 	.871	  	  	 	.863	  	  	 	.855	  	  	 	.847	  	  	 	.839	  	  	 	.830	  	  	 	.822	  	  	 	.813	  	  	 	.805	  	  	 	.797	  	  	 	.788	  	  	34
	35	  	 	.908	  	  	 	.901	  	  	 	.894	  	  	 	.886	  	  	 	.879	  	  	 	.871	  	  	 	.863	  	  	 	.855	  	  	 	.847	  	  	 	.838	  	  	 	.830	  	  	 	.821	  	  	 	.813	  	  	 	.804	  	  	 	.796	  	  	 	.788	  	  	35
	36	  	 	.908	  	  	 	.901	  	  	 	.894	  	  	 	.886	  	  	 	.878	  	  	 	.871	  	  	 	.863	  	  	 	.854	  	  	 	.846	  	  	 	.838	  	  	 	.829	  	  	 	.821	  	  	 	.812	  	  	 	.804	  	  	 	.795	  	  	 	.787	  	  	36
	37	  	 	.908	  	  	 	.901	  	  	 	.893	  	  	 	.886	  	  	 	.878	  	  	 	.870	  	  	 	.862	  	  	 	.854	  	  	 	.846	  	  	 	.837	  	  	 	.829	  	  	 	.820	  	  	 	.812	  	  	 	.803	  	  	 	.795	  	  	 	.787	  	  	37
	38	  	 	.908	  	  	 	.900	  	  	 	.893	  	  	 	.885	  	  	 	.878	  	  	 	.870	  	  	 	.862	  	  	 	.854	  	  	 	.845	  	  	 	.837	  	  	 	.828	  	  	 	.820	  	  	 	.811	  	  	 	.803	  	  	 	.794	  	  	 	.786	  	  	38
	39	  	 	.907	  	  	 	.900	  	  	 	.893	  	  	 	.885	  	  	 	.877	  	  	 	.869	  	  	 	.861	  	  	 	.853	  	  	 	.845	  	  	 	.836	  	  	 	.828	  	  	 	.819	  	  	 	.810	  	  	 	.802	  	  	 	.793	  	  	 	.785	  	  	39
	40	  	 	.907	  	  	 	.900	  	  	 	.892	  	  	 	.885	  	  	 	.877	  	  	 	.869	  	  	 	.861	  	  	 	.852	  	  	 	.844	  	  	 	.836	  	  	 	.827	  	  	 	.818	  	  	 	.810	  	  	 	.801	  	  	 	.793	  	  	 	.784	  	  	40
	41	  	 	.907	  	  	 	.899	  	  	 	.892	  	  	 	.884	  	  	 	.876	  	  	 	.868	  	  	 	.860	  	  	 	.852	  	  	 	.843	  	  	 	.835	  	  	 	.826	  	  	 	.818	  	  	 	.809	  	  	 	.800	  	  	 	.792	  	  	 	.783	  	  	12
	42	  	 	.906	  	  	 	.899	  	  	 	.891	  	  	 	.884	  	  	 	.876	  	  	 	.868	  	  	 	.860	  	  	 	.851	  	  	 	.843	  	  	 	.834	  	  	 	.825	  	  	 	.817	  	  	 	.808	  	  	 	.800	  	  	 	.791	  	  	 	.782	  	  	42
	43	  	 	.906	  	  	 	.898	  	  	 	.891	  	  	 	.883	  	  	 	.875	  	  	 	.867	  	  	 	.859	  	  	 	.851	  	  	 	.842	  	  	 	.833	  	  	 	.825	  	  	 	.816	  	  	 	.807	  	  	 	.799	  	  	 	.790	  	  	 	.781	  	  	43
	44	  	 	.905	  	  	 	.898	  	  	 	.890	  	  	 	.882	  	  	 	.875	  	  	 	.866	  	  	 	.858	  	  	 	.850	  	  	 	.841	  	  	 	.833	  	  	 	.824	  	  	 	.815	  	  	 	.806	  	  	 	.798	  	  	 	.789	  	  	 	.780	  	  	44
	45	  	 	.905	  	  	 	.897	  	  	 	.890	  	  	 	.882	  	  	 	.874	  	  	 	.866	  	  	 	.857	  	  	 	.849	  	  	 	.840	  	  	 	.832	  	  	 	.823	  	  	 	.814	  	  	 	.805	  	  	 	.797	  	  	 	.788	  	  	 	.779	  	  	45
	46	  	 	.904	  	  	 	.897	  	  	 	.889	  	  	 	.881	  	  	 	.873	  	  	 	.865	  	  	 	.857	  	  	 	.848	  	  	 	.839	  	  	 	.831	  	  	 	.822	  	  	 	.813	  	  	 	.804	  	  	 	.795	  	  	 	.787	  	  	 	.779	  	  	46
	47	  	 	.904	  	  	 	.896	  	  	 	.888	  	  	 	.881	  	  	 	.872	  	  	 	.864	  	  	 	.856	  	  	 	.847	  	  	 	.839	  	  	 	.830	  	  	 	.821	  	  	 	.812	  	  	 	.803	  	  	 	.794	  	  	 	.785	  	  	 	.777	  	  	47
	48	  	 	.903	  	  	 	.896	  	  	 	.888	  	  	 	.880	  	  	 	.872	  	  	 	.863	  	  	 	.855	  	  	 	.846	  	  	 	.838	  	  	 	.829	  	  	 	.820	  	  	 	.811	  	  	 	.802	  	  	 	.793	  	  	 	.785	  	  	 	.775	  	  	48
	49	  	 	.903	  	  	 	.895	  	  	 	.887	  	  	 	.879	  	  	 	.871	  	  	 	.863	  	  	 	.854	  	  	 	.845	  	  	 	.836	  	  	 	.827	  	  	 	.818	  	  	 	.809	  	  	 	.800	  	  	 	.792	  	  	 	.783	  	  	 	.774	  	  	49
	50	  	 	.902	  	  	 	.894	  	  	 	.886	  	  	 	.878	  	  	 	.870	  	  	 	.862	  	  	 	.853	  	  	 	.844	  	  	 	.835	  	  	 	.826	  	  	 	.817	  	  	 	.808	  	  	 	.799	  	  	 	.790	  	  	 	.781	  	  	 	.772	  	  	50
	51	  	 	.901	  	  	 	.893	  	  	 	.885	  	  	 	.877	  	  	 	.869	  	  	 	.861	  	  	 	.852	  	  	 	.843	  	  	 	.834	  	  	 	.825	  	  	 	.816	  	  	 	.807	  	  	 	.798	  	  	 	.789	  	  	 	.779	  	  	 	.771	  	  	51
	52	  	 	.901	  	  	 	.893	  	  	 	.885	  	  	 	.876	  	  	 	.868	  	  	 	.859	  	  	 	.851	  	  	 	.842	  	  	 	.833	  	  	 	.824	  	  	 	.814	  	  	 	.805	  	  	 	.796	  	  	 	.787	  	  	 	.778	  	  	 	.769	  	  	52
	53	  	 	.900	  	  	 	.892	  	  	 	.884	  	  	 	.875	  	  	 	.867	  	  	 	.858	  	  	 	.850	  	  	 	.841	  	  	 	.831	  	  	 	.822	  	  	 	.813	  	  	 	.804	  	  	 	.794	  	  	 	.785	  	  	 	.776	  	  	 	.767	  	  	53
	54	  	 	.899	  	  	 	.891	  	  	 	.883	  	  	 	.874	  	  	 	.866	  	  	 	.857	  	  	 	.848	  	  	 	.839	  	  	 	.830	  	  	 	.821	  	  	 	.811	  	  	 	.802	  	  	 	.793	  	  	 	.783	  	  	 	.774	  	  	 	.765	  	  	54
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	80	  		 	81	  		 	82	  		 	83	  		 	84	  		 	85	  		 	86	  		 	87	  		 	88	  		 	89	  		 	90	  		 	91	  		 	92	  		 	93	  		 	94	  		 	95	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                        
INTEREST - 7.5000%
	 PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

	 BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 12 

 APPENDICES 

Sub appendix A. 1 
 TABLE
C – 
 Conversion From 50% Joint & Survivor to 

Twelve Year Certain With 50% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 
  

																																																																			
	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT
	  	 PENSIONER WHOSE RETIREMENT AGE IS:
	 	  	 BENEFICIARY’S

AGE AT
 PENSIONER’S

RETIREMENT

	  	80	 	  	81	 	  	82	 	  	83	 	  	84	 	  	85	 	  	86	 	  	87	 	  	88	 	  	89	 	  	90	 	  	91	 	  	92	 	  	93	 	  	94	 	  	95	 	  
	 55
	  	 	.898	  	  	 	.890	  	  	 	.882	  	  	 	.873	  	  	 	.865	  	  	 	.856	  	  	 	.847	  	  	 	.838	  	  	 	.828	  	  	 	.819	  	  	 	.810	  	  	 	.800	  	  	 	.791	  	  	 	.781	  	  	 	.772	  	  	 	.763	  	  	55
	 56
	  	 	.897	  	  	 	.889	  	  	 	.880	  	  	 	.872	  	  	 	.863	  	  	 	.854	  	  	 	.845	  	  	 	.836	  	  	 	.827	  	  	 	.817	  	  	 	.808	  	  	 	.798	  	  	 	.789	  	  	 	.779	  	  	 	.777	  	  	 	.760	  	  	56
	 57
	  	 	.896	  	  	 	.888	  	  	 	.879	  	  	 	.871	  	  	 	.862	  	  	 	.853	  	  	 	.844	  	  	 	.834	  	  	 	.825	  	  	 	.815	  	  	 	.806	  	  	 	.796	  	  	 	.786	  	  	 	.777	  	  	 	.767	  	  	 	.758	  	  	57
	 58
	  	 	.895	  	  	 	.886	  	  	 	.876	  	  	 	.869	  	  	 	.860	  	  	 	.851	  	  	 	.842	  	  	 	.833	  	  	 	.823	  	  	 	.813	  	  	 	.803	  	  	 	.794	  	  	 	.784	  	  	 	.774	  	  	 	.765	  	  	 	.755	  	  	58
	 59
	  	 	.894	  	  	 	.885	  	  	 	.876	  	  	 	.868	  	  	 	.859	  	  	 	.849	  	  	 	.840	  	  	 	.830	  	  	 	.821	  	  	 	.811	  	  	 	.801	  	  	 	.791	  	  	 	.781	  	  	 	.771	  	  	 	.762	  	  	 	.752	  	  	59
	 60
	  	 	.892	  	  	 	.884	  	  	 	.875	  	  	 	.866	  	  	 	.857	  	  	 	.847	  	  	 	.838	  	  	 	.828	  	  	 	.818	  	  	 	.808	  	  	 	.798	  	  	 	.788	  	  	 	.778	  	  	 	.768	  	  	 	.759	  	  	 	.749	  	  	60
	 61
	  	 	.891	  	  	 	.882	  	  	 	.873	  	  	 	.864	  	  	 	.855	  	  	 	.845	  	  	 	.836	  	  	 	.826	  	  	 	.815	  	  	 	.806	  	  	 	.796	  	  	 	.785	  	  	 	.775	  	  	 	.765	  	  	 	.755	  	  	 	.745	  	  	61
	 62
	  	 	.889	  	  	 	.880	  	  	 	.871	  	  	 	.862	  	  	 	.853	  	  	 	.843	  	  	 	.833	  	  	 	.823	  	  	 	.813	  	  	 	.803	  	  	 	.792	  	  	 	.782	  	  	 	.772	  	  	 	.762	  	  	 	.752	  	  	 	.742	  	  	62
	 63
	  	 	.888	  	  	 	.878	  	  	 	.869	  	  	 	.860	  	  	 	.850	  	  	 	.840	  	  	 	.830	  	  	 	.820	  	  	 	.810	  	  	 	.800	  	  	 	.789	  	  	 	.779	  	  	 	.768	  	  	 	.758	  	  	 	.748	  	  	 	.737	  	  	63
	 64
	  	 	.886	  	  	 	.876	  	  	 	.867	  	  	 	.857	  	  	 	.848	  	  	 	.838	  	  	 	.828	  	  	 	.817	  	  	 	.807	  	  	 	.796	  	  	 	.786	  	  	 	.775	  	  	 	.764	  	  	 	.754	  	  	 	.743	  	  	 	.733	  	  	64
	 65
	  	 	.884	  	  	 	.874	  	  	 	.865	  	  	 	.855	  	  	 	.845	  	  	 	.835	  	  	 	.825	  	  	 	.814	  	  	 	.803	  	  	 	.792	  	  	 	.782	  	  	 	.771	  	  	 	.760	  	  	 	.749	  	  	 	.739	  	  	 	.728	  	  	65
	 66
	  	 	.882	  	  	 	.872	  	  	 	.862	  	  	 	.852	  	  	 	.842	  	  	 	.832	  	  	 	.821	  	  	 	.810	  	  	 	.800	  	  	 	.789	  	  	 	.778	  	  	 	.767	  	  	 	.758	  	  	 	.745	  	  	 	.734	  	  	 	.723	  	  	66
	 67
	  	 	.879	  	  	 	.870	  	  	 	.860	  	  	 	.849	  	  	 	.839	  	  	 	.828	  	  	 	.818	  	  	 	.807	  	  	 	.796	  	  	 	.784	  	  	 	.773	  	  	 	.762	  	  	 	.751	  	  	 	.740	  	  	 	.729	  	  	 	.718	  	  	67
	 68
	  	 	.877	  	  	 	.867	  	  	 	.857	  	  	 	.846	  	  	 	.836	  	  	 	.825	  	  	 	.814	  	  	 	.803	  	  	 	.791	  	  	 	.780	  	  	 	.768	  	  	 	.757	  	  	 	.746	  	  	 	.734	  	  	 	.723	  	  	 	.712	  	  	68
	 69
	  	 	.874	  	  	 	.864	  	  	 	.854	  	  	 	.843	  	  	 	.832	  	  	 	.821	  	  	 	.810	  	  	 	.798	  	  	 	.787	  	  	 	.775	  	  	 	.763	  	  	 	.752	  	  	 	.740	  	  	 	.728	  	  	 	.717	  	  	 	.706	  	  	69
	 70
	  	 	.872	  	  	 	.861	  	  	 	.851	  	  	 	.840	  	  	 	.828	  	  	 	.817	  	  	 	.806	  	  	 	.794	  	  	 	.782	  	  	 	.770	  	  	 	.758	  	  	 	.746	  	  	 	.734	  	  	 	.722	  	  	 	.711	  	  	 	.699	  	  	70
	 71
	  	 	.869	  	  	 	.858	  	  	 	.847	  	  	 	.836	  	  	 	.825	  	  	 	.813	  	  	 	.801	  	  	 	.789	  	  	 	.777	  	  	 	.765	  	  	 	.752	  	  	 	.740	  	  	 	.728	  	  	 	.716	  	  	 	.704	  	  	 	.692	  	  	71
	 72
	  	 	.866	  	  	 	.855	  	  	 	.843	  	  	 	.832	  	  	 	.820	  	  	 	.808	  	  	 	.796	  	  	 	.784	  	  	 	.772	  	  	 	.759	  	  	 	.746	  	  	 	.734	  	  	 	.721	  	  	 	.709	  	  	 	.697	  	  	 	.685	  	  	72
	 73
	  	 	.863	  	  	 	.851	  	  	 	.840	  	  	 	.828	  	  	 	.816	  	  	 	.804	  	  	 	.791	  	  	 	.779	  	  	 	.766	  	  	 	.753	  	  	 	.740	  	  	 	.727	  	  	 	.714	  	  	 	.702	  	  	 	.689	  	  	 	.677	  	  	73
	 74
	  	 	.859	  	  	 	.848	  	  	 	.836	  	  	 	.824	  	  	 	.811	  	  	 	.799	  	  	 	.786	  	  	 	.773	  	  	 	.760	  	  	 	.747	  	  	 	.733	  	  	 	.720	  	  	 	.707	  	  	 	.694	  	  	 	.681	  	  	 	.669	  	  	74
	 75
	  	 	.856	  	  	 	.844	  	  	 	.831	  	  	 	.819	  	  	 	.806	  	  	 	.794	  	  	 	.780	  	  	 	.767	  	  	 	.754	  	  	 	.740	  	  	 	.726	  	  	 	.713	  	  	 	.699	  	  	 	.686	  	  	 	.673	  	  	 	.660	  	  	75
	 76
	  	 	.852	  	  	 	.840	  	  	 	.827	  	  	 	.814	  	  	 	.801	  	  	 	.788	  	  	 	.775	  	  	 	.761	  	  	 	.747	  	  	 	.733	  	  	 	.719	  	  	 	.705	  	  	 	.692	  	  	 	.678	  	  	 	.665	  	  	 	.651	  	  	76
	 77
	  	 	.848	  	  	 	.836	  	  	 	.823	  	  	 	.810	  	  	 	.796	  	  	 	.783	  	  	 	.769	  	  	 	.755	  	  	 	.740	  	  	 	.726	  	  	 	.712	  	  	 	.698	  	  	 	.683	  	  	 	.670	  	  	 	.656	  	  	 	.642	  	  	77
	 78
	  	 	.844	  	  	 	.831	  	  	 	.818	  	  	 	.805	  	  	 	.791	  	  	 	.777	  	  	 	.763	  	  	 	.748	  	  	 	.734	  	  	 	.719	  	  	 	.704	  	  	 	.690	  	  	 	.675	  	  	 	.661	  	  	 	.647	  	  	 	.633	  	  	78
	 79
	  	 	.841	  	  	 	.827	  	  	 	.814	  	  	 	.800	  	  	 	.786	  	  	 	.771	  	  	 	.757	  	  	 	.742	  	  	 	.727	  	  	 	.712	  	  	 	.697	  	  	 	.682	  	  	 	.667	  	  	 	.652	  	  	 	.638	  	  	 	.624	  	  	79
	 80
	  	 	.837	  	  	 	.823	  	  	 	.809	  	  	 	.795	  	  	 	.780	  	  	 	.766	  	  	 	.751	  	  	 	.735	  	  	 	.720	  	  	 	.704	  	  	 	.689	  	  	 	.674	  	  	 	.658	  	  	 	.643	  	  	 	.628	  	  	 	.614	  	  	80
	 81
	  	 	.833	  	  	 	.819	  	  	 	.804	  	  	 	.790	  	  	 	.775	  	  	 	.760	  	  	 	.744	  	  	 	.729	  	  	 	.713	  	  	 	.697	  	  	 	.681	  	  	 	.665	  	  	 	.650	  	  	 	.634	  	  	 	.619	  	  	 	.604	  	  	81
	 82
	  	 	.829	  	  	 	.815	  	  	 	.800	  	  	 	.785	  	  	 	.770	  	  	 	.754	  	  	 	.738	  	  	 	.722	  	  	 	.706	  	  	 	.690	  	  	 	.673	  	  	 	.657	  	  	 	.641	  	  	 	.626	  	  	 	.610	  	  	 	.595	  	  	82
	 83
	  	 	.825	  	  	 	.810	  	  	 	.795	  	  	 	.780	  	  	 	.764	  	  	 	.748	  	  	 	.732	  	  	 	.716	  	  	 	.699	  	  	 	.682	  	  	 	.666	  	  	 	.649	  	  	 	.633	  	  	 	.617	  	  	 	.601	  	  	 	.585	  	  	83
	 84
	  	 	.821	  	  	 	.806	  	  	 	.791	  	  	 	.775	  	  	 	.759	  	  	 	.743	  	  	 	.726	  	  	 	.709	  	  	 	.692	  	  	 	.675	  	  	 	.658	  	  	 	.641	  	  	 	.624	  	  	 	.608	  	  	 	.591	  	  	 	.576	  	  	84
	 85
	  	 	.817	  	  	 	.802	  	  	 	.786	  	  	 	.770	  	  	 	.754	  	  	 	.737	  	  	 	.720	  	  	 	.703	  	  	 	.685	  	  	 	.668	  	  	 	.650	  	  	 	.633	  	  	 	.616	  	  	 	.599	  	  	 	.582	  	  	 	.566	  	  	85
	 86
	  	 	.813	  	  	 	.798	  	  	 	.782	  	  	 	.765	  	  	 	.758	  	  	 	.731	  	  	 	.714	  	  	 	.696	  	  	 	.678	  	  	 	.660	  	  	 	.643	  	  	 	.625	  	  	 	.607	  	  	 	.590	  	  	 	.573	  	  	 	.557	  	  	86
	 87
	  	 	.810	  	  	 	.794	  	  	 	.777	  	  	 	.760	  	  	 	.743	  	  	 	.726	  	  	 	.708	  	  	 	.690	  	  	 	.672	  	  	 	.653	  	  	 	.635	  	  	 	.617	  	  	 	.599	  	  	 	.581	  	  	 	.564	  	  	 	.547	  	  	87
	 88
	  	 	.806	  	  	 	.789	  	  	 	.773	  	  	 	.755	  	  	 	.738	  	  	 	.720	  	  	 	.702	  	  	 	.683	  	  	 	.665	  	  	 	.646	  	  	 	.627	  	  	 	.609	  	  	 	.591	  	  	 	.573	  	  	 	.555	  	  	 	.538	  	  	88
	 89
	  	 	.802	  	  	 	.785	  	  	 	.768	  	  	 	.751	  	  	 	.733	  	  	 	.714	  	  	 	.696	  	  	 	.677	  	  	 	.658	  	  	 	.639	  	  	 	.620	  	  	 	.601	  	  	 	.582	  	  	 	.564	  	  	 	.546	  	  	 	.528	  	  	89
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	
			 	80	  		 	81	  		 	82	  		 	83	  		 	84	  		 	85	  		 	86	  		 	87	  		 	88	  		 	89	  		 	90	  		 	91	  		 	92	  		 	93	  		 	94	  		 	95	  		

  

	
	PENSIONER WHOSE RETIREMENT AGE IS:        * =
1.000                                        
INTEREST - 7.5000%
	PENSIONER’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE
	BENEFICIARY’S MORTALITY - SPECIAL PENSIONER MORTALITY TABLE

  
 13 

 APPENDICES 

Sub appendix A. 1 
 TABLE
D – 
 Early Retirement Factors – Excess Formula 

CECONY Management Participants 

Applied To The Portion Of The Pension Formula Calculated On 

Final Average Salary In Excess Of The Social Security Wage Base 

 

																																																							
	Months
Prior to
Age 65	 	 	Factor	 	 	Months
Prior to
Age 65	 	 	Factor	 	 	Months
Prior to
Age 65	 	 	Factor	 	 	Months
Prior to
Age 65	 	 	Factor	 	 	Months
Prior to
Age 65	 	 	Factor	 	 	Months
Prior to
Age 65	 	 	Factor	 	 	Months
Prior to
Age 65	 	 	Factor	 
	 	0 (65	) 	 	 	1.00000	  	 	 	36 (62	) 	 	 	0.76900	  	 	 	72 (59	) 	 	 	0.65400	  	 	 	108 (56	) 	 	 	0.52900	  	 	 	144 (53	) 	 	 	0.42566	  	 	 	180 (50	) 	 	 	0.34522	  	 	 	216 (47	) 	 	 	0.28489	  
	 	1	  	 	 	0.99358	  	 	 	37	  	 	 	0.76583	  	 	 	73	  	 	 	0.65075	  	 	 	109	  	 	 	0.52542	  	 	 	145	  	 	 	0.42315	  	 	 	181	  	 	 	0.34354	  	 	 	217	  	 	 	0.28321	  
	 	2	  	 	 	0.98717	  	 	 	38	  	 	 	0.76267	  	 	 	74	  	 	 	0.64750	  	 	 	110	  	 	 	0.52183	  	 	 	146	  	 	 	0.42063	  	 	 	182	  	 	 	0.34187	  	 	 	218	  	 	 	0.28154	  
	 	3	  	 	 	0.98075	  	 	 	39	  	 	 	0.75950	  	 	 	75	  	 	 	0.64425	  	 	 	111	  	 	 	0.51825	  	 	 	147	  	 	 	0.41812	  	 	 	183	  	 	 	0.34019	  	 	 	219	  	 	 	0.27986	  
	 	4	  	 	 	0.97433	  	 	 	40	  	 	 	0.75633	  	 	 	76	  	 	 	0.64100	  	 	 	112	  	 	 	0.51467	  	 	 	148	  	 	 	0.41561	  	 	 	184	  	 	 	0.33852	  	 	 	220	  	 	 	0.27819	  
	 	5	  	 	 	0.96792	  	 	 	41	  	 	 	0.75317	  	 	 	77	  	 	 	0.63775	  	 	 	113	  	 	 	0.51108	  	 	 	149	  	 	 	0.41309	  	 	 	185	  	 	 	0.33684	  	 	 	221	  	 	 	0.27651	  
	 	6	  	 	 	0.96150	  	 	 	42	  	 	 	0.75000	  	 	 	78	  	 	 	0.63450	  	 	 	114	  	 	 	0.50750	  	 	 	150	  	 	 	0.41058	  	 	 	186	  	 	 	0.33517	  	 	 	222	  	 	 	0.27484	  
	 	7	  	 	 	0.95508	  	 	 	43	  	 	 	0.74683	  	 	 	79	  	 	 	0.63125	  	 	 	115	  	 	 	0.50392	  	 	 	151	  	 	 	0.40807	  	 	 	187	  	 	 	0.33349	  	 	 	223	  	 	 	0.27316	  
	 	8	  	 	 	0.94867	  	 	 	44	  	 	 	0.74367	  	 	 	80	  	 	 	0.62800	  	 	 	116	  	 	 	0.50033	  	 	 	152	  	 	 	0.40555	  	 	 	188	  	 	 	0.33181	  	 	 	224	  	 	 	0.27148	  
	 	9	  	 	 	0.94225	  	 	 	45	  	 	 	0.74050	  	 	 	81	  	 	 	0.62475	  	 	 	117	  	 	 	0.49675	  	 	 	153	  	 	 	0.40304	  	 	 	189	  	 	 	0.33014	  	 	 	225	  	 	 	0.26981	  
	 	10	  	 	 	0.93583	  	 	 	46	  	 	 	0.73733	  	 	 	82	  	 	 	0.62150	  	 	 	118	  	 	 	0.49317	  	 	 	154	  	 	 	0.40053	  	 	 	190	  	 	 	0.32846	  	 	 	226	  	 	 	0.26813	  
	 	11	  	 	 	0.92942	  	 	 	47	  	 	 	0.73417	  	 	 	83	  	 	 	0.61825	  	 	 	119	  	 	 	0.48958	  	 	 	155	  	 	 	0.39801	  	 	 	191	  	 	 	0.32679	  	 	 	227	  	 	 	0.26646	  
	 	12 (64	) 	 	 	0.92300	  	 	 	48 (61	) 	 	 	0.73100	  	 	 	84 (58	) 	 	 	0.61500	  	 	 	120 (55	) 	 	 	0.48600	  	 	 	156 (52	) 	 	 	0.39550	  	 	 	192 (49	) 	 	 	0.32511	  	 	 	228 (46	) 	 	 	0.26478	  
	 	13	  	 	 	0.91658	  	 	 	49	  	 	 	0.72775	  	 	 	85	  	 	 	0.61183	  	 	 	121	  	 	 	0.48349	  	 	 	157	  	 	 	0.39299	  	 	 	193	  	 	 	0.32343	  	 	 	229	  	 	 	0.26310	  
	 	14	  	 	 	0.91017	  	 	 	50	  	 	 	0.72450	  	 	 	86	  	 	 	0.60867	  	 	 	122	  	 	 	0.48097	  	 	 	158	  	 	 	0.39047	  	 	 	194	  	 	 	0.32176	  	 	 	230	  	 	 	0.26143	  
	 	15	  	 	 	0.90375	  	 	 	51	  	 	 	0.72125	  	 	 	87	  	 	 	0.60550	  	 	 	123	  	 	 	0.47846	  	 	 	159	  	 	 	0.38796	  	 	 	195	  	 	 	0.32008	  	 	 	231	  	 	 	0.25975	  
	 	16	  	 	 	0.89733	  	 	 	52	  	 	 	0.71800	  	 	 	88	  	 	 	0.60233	  	 	 	124	  	 	 	0.47594	  	 	 	160	  	 	 	0.38544	  	 	 	196	  	 	 	0 31841	  	 	 	232	  	 	 	0.25808	  
	 	17	  	 	 	0.89092	  	 	 	53	  	 	 	0.71475	  	 	 	89	  	 	 	0.59917	  	 	 	125	  	 	 	0.47343	  	 	 	161	  	 	 	0.38293	  	 	 	197	  	 	 	0.31673	  	 	 	233	  	 	 	0.25640	  
	 	18	  	 	 	0.88450	  	 	 	54	  	 	 	0.71150	  	 	 	90	  	 	 	0.59600	  	 	 	126	  	 	 	0.47091	  	 	 	162	  	 	 	0.38041	  	 	 	198	  	 	 	0.31506	  	 	 	234	  	 	 	0.25473	  
	 	19	  	 	 	0.87806	  	 	 	55	  	 	 	0.70825	  	 	 	91	  	 	 	0.59283	  	 	 	127	  	 	 	0.46840	  	 	 	163	  	 	 	0.37790	  	 	 	199	  	 	 	0.31338	  	 	 	235	  	 	 	0.25305	  
	 	20	  	 	 	0.87167	  	 	 	56	  	 	 	0.70500	  	 	 	92	  	 	 	0.58967	  	 	 	128	  	 	 	0.46589	  	 	 	164	  	 	 	0.37539	  	 	 	200	  	 	 	0.31170	  	 	 	236	  	 	 	0.25137	  
	 	21	  	 	 	0.86525	  	 	 	57	  	 	 	0.70175	  	 	 	93	  	 	 	0.58650	  	 	 	129	  	 	 	0.46337	  	 	 	165	  	 	 	0.37287	  	 	 	201	  	 	 	0.31003	  	 	 	237	  	 	 	0.24970	  
	 	22	  	 	 	0.85883	  	 	 	58	  	 	 	0.69850	  	 	 	94	  	 	 	0.58333	  	 	 	130	  	 	 	0.46086	  	 	 	166	  	 	 	0.37036	  	 	 	202	  	 	 	0.30835	  	 	 	238	  	 	 	0.24802	  
	 	23	  	 	 	0.85242	  	 	 	59	  	 	 	0.69525	  	 	 	95	  	 	 	0.58017	  	 	 	131	  	 	 	0.45834	  	 	 	167	  	 	 	0.36784	  	 	 	203	  	 	 	0.30668	  	 	 	239	  	 	 	0.24635	  
	 	24 (63	) 	 	 	0.84600	  	 	 	60 (60	) 	 	 	0.69200	  	 	 	96 (57	) 	 	 	0.57700	  	 	 	132 (54	) 	 	 	0.45583	  	 	 	168 (51	) 	 	 	0.36533	  	 	 	204 (48	) 	 	 	0.30500	  	 	 	240 (45	) 	 	 	0.24467	  
	 	25	  	 	 	0.83958	  	 	 	61	  	 	 	0.68883	  	 	 	97	  	 	 	0.57300	  	 	 	133	  	 	 	0.45332	  	 	 	169	  	 	 	0.36365	  	 	 	205	  	 	 	0.30332	  	 				 			
	 	26	  	 	 	0.83317	  	 	 	62	  	 	 	0.68567	  	 	 	98	  	 	 	0.56900	  	 	 	134	  	 	 	0.45080	  	 	 	170	  	 	 	0.36198	  	 	 	206	  	 	 	0.30165	  	 				 			
	 	27	  	 	 	0.82675	  	 	 	63	  	 	 	0.68250	  	 	 	99	  	 	 	0.56500	  	 	 	135	  	 	 	0.44829	  	 	 	171	  	 	 	0.36030	  	 	 	207	  	 	 	0.29997	  	 				 			
	 	28	  	 	 	0.82033	  	 	 	64	  	 	 	0.67933	  	 	 	100	  	 	 	0.56100	  	 	 	136	  	 	 	0.44577	  	 	 	172	  	 	 	0.35863	  	 	 	208	  	 	 	0.29830	  	 				 			
	 	29	  	 	 	0.81392	  	 	 	65	  	 	 	0.67617	  	 	 	101	  	 	 	0.55700	  	 	 	137	  	 	 	0.44326	  	 	 	173	  	 	 	0.35695	  	 	 	209	  	 	 	0.29662	  	 				 			
	 	30	  	 	 	0.80750	  	 	 	66	  	 	 	0.67300	  	 	 	102	  	 	 	0.55300	  	 	 	138	  	 	 	0.44074	  	 	 	174	  	 	 	0.35528	  	 	 	210	  	 	 	0.29495	  	 				 			
	 	31	  	 	 	0.80108	  	 	 	67	  	 	 	0.66983	  	 	 	103	  	 	 	0.54900	  	 	 	139	  	 	 	0.43823	  	 	 	175	  	 	 	0.35360	  	 	 	211	  	 	 	0.29327	  	 				 			
	 	32	  	 	 	0.79467	  	 	 	68	  	 	 	0.66667	  	 	 	104	  	 	 	0.54500	  	 	 	140	  	 	 	0.43572	  	 	 	176	  	 	 	0.35192	  	 	 	212	  	 	 	0.29159	  	 				 			
	 	33	  	 	 	0.78825	  	 	 	69	  	 	 	0.66350	  	 	 	105	  	 	 	0.54100	  	 	 	141	  	 	 	0.43320	  	 	 	177	  	 	 	0.35025	  	 	 	213	  	 	 	0.28992	  	 				 			
	 	34	  	 	 	0.78183	  	 	 	70	  	 	 	0.66033	  	 	 	106	  	 	 	0.53700	  	 	 	142	  	 	 	0.43069	  	 	 	178	  	 	 	0.34857	  	 	 	214	  	 	 	0.28824	  	 				 			
	 	35	  	 	 	0.77542	  	 	 	71	  	 	 	0.65717	  	 	 	107	  	 	 	0.53300	  	 	 	143	  	 	 	0.42817	  	 	 	179	  	 	 	0.34690	  	 	 	215	  	 	 	0.28657	  	 				 			

  

			
	Exact Age in (    )	  	Effective Date: January 1, 1990

  
 14 

 APPENDICES 

Sub appendix A. 1 
 TABLE E–

 Conversion From 50% Joint & Survivor to 100% Joint & Survivor 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 

PENSIONER 
  

																																																																							
	Age
Of
Bene.	 	 	*
*
*	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 
	 	35	  	 	 	*	  	 	 	.9641	  	 	 	.9611	  	 	 	.9580	  	 	 	.9548	  	 	 	.9513	  	 	 	.9476	  	 	 	.9437	  	 	 	.9397	  	 	 	.9353	  	 	 	.9307	  	 	 	.9259	  	 	 	.9208	  	 	 	.9154	  	 	 	.9097	  	 	 	.9037	  	 	 	.8974	  
	 	36	  	 	 	*	  	 	 	.9649	  	 	 	.9620	  	 	 	.9589	  	 	 	.9557	  	 	 	.9522	  	 	 	.9486	  	 	 	.9448	  	 	 	.9406	  	 	 	.9363	  	 	 	.9318	  	 	 	.9270	  	 	 	.9219	  	 	 	.9165	  	 	 	.9109	  	 	 	.9049	  	 	 	.8986	  
	 	37	  	 	 	*	  	 	 	.9658	  	 	 	.9629	  	 	 	.9598	  	 	 	.9566	  	 	 	.9533	  	 	 	.9496	  	 	 	.9458	  	 	 	.9417	  	 	 	.9375	  	 	 	.9329	  	 	 	.9281	  	 	 	.9230	  	 	 	.9177	  	 	 	.9120	  	 	 	.9061	  	 	 	.8998	  
	 	38	  	 	 	*	  	 	 	.9666	  	 	 	.9639	  	 	 	.9608	  	 	 	.9577	  	 	 	.9542	  	 	 	.9506	  	 	 	.9468	  	 	 	.9428	  	 	 	.9386	  	 	 	.9341	  	 	 	.9293	  	 	 	.9243	  	 	 	.9189	  	 	 	.9133	  	 	 	.9073	  	 	 	.9010	  
	 	39	  	 	 	*	  	 	 	.9675	  	 	 	.9647	  	 	 	.9618	  	 	 	.9585	  	 	 	.9553	  	 	 	.9518	  	 	 	.9479	  	 	 	.9441	  	 	 	.9398	  	 	 	.9353	  	 	 	.9305	  	 	 	.9256	  	 	 	.9202	  	 	 	.9146	  	 	 	.9087	  	 	 	.9024	  
	 	40	  	 	 	*	  	 	 	.9684	  	 	 	.9657	  	 	 	.9627	  	 	 	.9597	  	 	 	.9563	  	 	 	.9529	  	 	 	.9491	  	 	 	.9452	  	 	 	.9410	  	 	 	.9366	  	 	 	.9318	  	 	 	.9269	  	 	 	.9216	  	 	 	.9160	  	 	 	.9100	  	 	 	.9039	  
	 	41	  	 	 	*	  	 	 	.9693	  	 	 	.9666	  	 	 	.9637	  	 	 	.9606	  	 	 	.9574	  	 	 	.9540	  	 	 	.9503	  	 	 	.9464	  	 	 	.9423	  	 	 	.9379	  	 	 	.9332	  	 	 	.9282	  	 	 	.9230	  	 	 	.9174	  	 	 	.9115	  	 	 	.9053	  
	 	42	  	 	 	*	  	 	 	.9702	  	 	 	.9677	  	 	 	.9648	  	 	 	.9618	  	 	 	.9586	  	 	 	.9551	  	 	 	.9515	  	 	 	.9477	  	 	 	.9436	  	 	 	.9392	  	 	 	.9346	  	 	 	.9297	  	 	 	.9244	  	 	 	.9188	  	 	 	.9130	  	 	 	.9069	  
	 	43	  	 	 	*	  	 	 	.9711	  	 	 	.9686	  	 	 	.9658	  	 	 	.9629	  	 	 	.9598	  	 	 	.9564	  	 	 	.9527	  	 	 	.9490	  	 	 	.9450	  	 	 	.9406	  	 	 	.9361	  	 	 	.9311	  	 	 	.9260	  	 	 	.9204	  	 	 	.9145	  	 	 	.9084	  
	 	44	  	 	 	*	  	 	 	.9721	  	 	 	.9697	  	 	 	.9668	  	 	 	.9640	  	 	 	.9609	  	 	 	.9576	  	 	 	.9541	  	 	 	.9504	  	 	 	.9463	  	 	 	.9421	  	 	 	.9375	  	 	 	.9327	  	 	 	.9275	  	 	 	.9221	  	 	 	.9162	  	 	 	.9102	  
	 	45	  	 	 	*	  	 	 	.9731	  	 	 	.9707	  	 	 	.9679	  	 	 	.9651	  	 	 	.9620	  	 	 	.9588	  	 	 	.9554	  	 	 	.9517	  	 	 	.9478	  	 	 	.9436	  	 	 	.9390	  	 	 	.9342	  	 	 	.9291	  	 	 	.9237	  	 	 	.9180	  	 	 	.9119	  
	 	46	  	 	 	*	  	 	 	.9740	  	 	 	.9716	  	 	 	.9690	  	 	 	.9662	  	 	 	.9632	  	 	 	.9601	  	 	 	.9567	  	 	 	.9531	  	 	 	.9492	  	 	 	.9451	  	 	 	.9406	  	 	 	.9359	  	 	 	.9308	  	 	 	.9254	  	 	 	.9198	  	 	 	.9137	  
	 	47	  	 	 	*	  	 	 	.9750	  	 	 	.9726	  	 	 	.9701	  	 	 	.9674	  	 	 	.9645	  	 	 	.9614	  	 	 	.9581	  	 	 	.9545	  	 	 	.9507	  	 	 	.9466	  	 	 	.9423	  	 	 	.9375	  	 	 	.9326	  	 	 	.9272	  	 	 	.9216	  	 	 	.9156	  
	 	48	  	 	 	*	  	 	 	.9759	  	 	 	.9736	  	 	 	.9712	  	 	 	.9686	  	 	 	.9658	  	 	 	.9627	  	 	 	.9594	  	 	 	.9560	  	 	 	.9522	  	 	 	.9482	  	 	 	.9439	  	 	 	.9392	  	 	 	.9344	  	 	 	.9291	  	 	 	.9234	  	 	 	.9175	  
	 	49	  	 	 	*	  	 	 	.9769	  	 	 	.9746	  	 	 	.9723	  	 	 	.9698	  	 	 	.9670	  	 	 	.9640	  	 	 	.9608	  	 	 	.9574	  	 	 	.9538	  	 	 	.9499	  	 	 	.9456	  	 	 	.9411	  	 	 	.9362	  	 	 	.9310	  	 	 	.9254	  	 	 	.9195	  
	 	50	  	 	 	*	  	 	 	.9778	  	 	 	.9757	  	 	 	.9734	  	 	 	.9709	  	 	 	.9682	  	 	 	.9654	  	 	 	.9622	  	 	 	9589	  	 	 	.9553	  	 	 	.9515	  	 	 	.9474	  	 	 	.9428	  	 	 	.9381	  	 	 	.9330	  	 	 	.9275	  	 	 	.9216	  
	 	51	  	 	 	*	  	 	 	.9788	  	 	 	.9768	  	 	 	.9745	  	 	 	.9720	  	 	 	.9695	  	 	 	.9667	  	 	 	.9637	  	 	 	.9604	  	 	 	.9569	  	 	 	.9531	  	 	 	.9491	  	 	 	.9446	  	 	 	.9400	  	 	 	.9349	  	 	 	.9296	  	 	 	.9238	  
	 	52	  	 	 	*	  	 	 	.9797	  	 	 	.9777	  	 	 	.9756	  	 	 	.9732	  	 	 	.9707	  	 	 	.9679	  	 	 	.9651	  	 	 	.9619	  	 	 	.9585	  	 	 	.9549	  	 	 	.9508	  	 	 	.9466	  	 	 	.9420	  	 	 	.9370	  	 	 	.9317	  	 	 	.9260	  
	 	53	  	 	 	*	  	 	 	.9806	  	 	 	.9788	  	 	 	.9766	  	 	 	.9743	  	 	 	.9720	  	 	 	.9693	  	 	 	.9665	  	 	 	.9634	  	 	 	.9601	  	 	 	.9565	  	 	 	.9526	  	 	 	.9485	  	 	 	.9440	  	 	 	.9391	  	 	 	.9338	  	 	 	.9282	  
	 	54	  	 	 	*	  	 	 	.9815	  	 	 	.9797	  	 	 	.9777	  	 	 	.9755	  	 	 	.9732	  	 	 	.9706	  	 	 	.9680	  	 	 	.9650	  	 	 	.9617	  	 	 	.9582	  	 	 	.9544	  	 	 	.9504	  	 	 	.9460	  	 	 	.9411	  	 	 	.9360	  	 	 	.9305	  
	 	55	  	 	 	*	  	 	 	.9824	  	 	 	.9806	  	 	 	.9788	  	 	 	.9766	  	 	 	.9744	  	 	 	.9720	  	 	 	.9694	  	 	 	.9665	  	 	 	.9634	  	 	 	.9600	  	 	 	.9563	  	 	 	.9524	  	 	 	.9480	  	 	 	.9433	  	 	 	.9382	  	 	 	.9329	  
	 	56	  	 	 	*	  	 	 	.9833	  	 	 	.9816	  	 	 	.9797	  	 	 	.9778	  	 	 	.9756	  	 	 	.9732	  	 	 	.9707	  	 	 	.9680	  	 	 	.9650	  	 	 	.9617	  	 	 	.9582	  	 	 	.9543	  	 	 	.9501	  	 	 	.9455	  	 	 	.9406	  	 	 	.9353	  
	 	57	  	 	 	*	  	 	 	.9842	  	 	 	.9825	  	 	 	.9808	  	 	 	.9789	  	 	 	.9768	  	 	 	.9746	  	 	 	.9721	  	 	 	.9695	  	 	 	.9667	  	 	 	.9634	  	 	 	.9600	  	 	 	.9562	  	 	 	.9521	  	 	 	.9477	  	 	 	.9430	  	 	 	.9378	  
	 	58	  	 	 	*	  	 	 	.9850	  	 	 	.9834	  	 	 	.9818	  	 	 	.9800	  	 	 	.9781	  	 	 	.9759	  	 	 	.9735	  	 	 	.9710	  	 	 	.9682	  	 	 	.9652	  	 	 	.9618	  	 	 	.9582	  	 	 	.9542	  	 	 	.9500	  	 	 	.9453	  	 	 	.9402	  
	 	59	  	 	 	*	  	 	 	.9858	  	 	 	.9843	  	 	 	.9829	  	 	 	.9810	  	 	 	.9791	  	 	 	.9772	  	 	 	.9749	  	 	 	.9724	  	 	 	.9698	  	 	 	.9668	  	 	 	.9636	  	 	 	.9602	  	 	 	.9564	  	 	 	.9522	  	 	 	.9477	  	 	 	.9427	  
	 	60	  	 	 	*	  	 	 	.9867	  	 	 	.9853	  	 	 	.9838	  	 	 	.9821	  	 	 	.9803	  	 	 	.9784	  	 	 	.9763	  	 	 	.9739	  	 	 	.9714	  	 	 	.9686	  	 	 	.9655	  	 	 	.9621	  	 	 	.9585	  	 	 	.9544	  	 	 	.9501	  	 	 	.9453	  

  
 15 

 APPENDICES 

Sub appendix A. 1 
 TABLE
E– 
 Conversion From 50% Joint & Survivor To 100 % Joint & Survivor 

CECONY Management Participants And CECONY Weekly Participants 

Not Applicable To CECONY Weekly Participants –1 

PENSIONER 
  

																																																																							
	Age
Of
Bene.	 	 	*
*
*	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 
	 	61	  	 	 	*	  	 	 	.9874	  	 	 	.9861	  	 	 	.9847	  	 	 	.9831	  	 	 	.9814	  	 	 	.9796	  	 	 	.9776	  	 	 	.9753	  	 	 	.9729	  	 	 	.9702	  	 	 	.9673	  	 	 	.9641	  	 	 	.9606	  	 	 	.9567	  	 	 	.9524	  	 	 	.9478	  
	 	62	  	 	 	*	  	 	 	.9882	  	 	 	.9872	  	 	 	.9856	  	 	 	.9841	  	 	 	.9825	  	 	 	.9808	  	 	 	.9788	  	 	 	.9767	  	 	 	.9744	  	 	 	.9718	  	 	 	.9691	  	 	 	.9660	  	 	 	.9626	  	 	 	.9589	  	 	 	.9548	  	 	 	.9503	  
	 	63	  	 	 	*	  	 	 	.9889	  	 	 	.9878	  	 	 	.9865	  	 	 	.9851	  	 	 	.9835	  	 	 	.9819	  	 	 	.9801	  	 	 	.9781	  	 	 	.9759	  	 	 	.9735	  	 	 	.9709	  	 	 	.9679	  	 	 	.9647	  	 	 	.9610	  	 	 	.9571	  	 	 	.9529	  
	 	64	  	 	 	*	  	 	 	.9896	  	 	 	.9886	  	 	 	.9873	  	 	 	.9861	  	 	 	.9845	  	 	 	.9831	  	 	 	.9813	  	 	 	.9794	  	 	 	.9774	  	 	 	.9751	  	 	 	.9725	  	 	 	.9697	  	 	 	.9667	  	 	 	.9632	  	 	 	.9595	  	 	 	.9554	  
	 	65	  	 	 	*	  	 	 	.9903	  	 	 	.9893	  	 	 	.9881	  	 	 	.9869	  	 	 	.9855	  	 	 	.9841	  	 	 	.9824	  	 	 	.9807	  	 	 	.9788	  	 	 	.9766	  	 	 	.9742	  	 	 	.9715	  	 	 	.9686	  	 	 	.9654	  	 	 	.9618	  	 	 	.9579	  
	 	66	  	 	 	*	  	 	 	.9909	  	 	 	.9900	  	 	 	.9889	  	 	 	.9878	  	 	 	.9866	  	 	 	.9852	  	 	 	.9836	  	 	 	.9819	  	 	 	.9801	  	 	 	.9781	  	 	 	.9758	  	 	 	.9733	  	 	 	.9706	  	 	 	.9675	  	 	 	.9641	  	 	 	.9603	  
	 	67	  	 	 	*	  	 	 	.9915	  	 	 	.9907	  	 	 	.9897	  	 	 	.9886	  	 	 	.9874	  	 	 	.9861	  	 	 	.9847	  	 	 	.9831	  	 	 	.9814	  	 	 	.9795	  	 	 	.9774	  	 	 	.9750	  	 	 	.9724	  	 	 	.9695	  	 	 	.9662	  	 	 	.9627	  
	 	68	  	 	 	*	  	 	 	.9921	  	 	 	.9913	  	 	 	.9904	  	 	 	.9894	  	 	 	.9883	  	 	 	.9871	  	 	 	.9858	  	 	 	.9843	  	 	 	.9827	  	 	 	.9809	  	 	 	.9789	  	 	 	.9767	  	 	 	.9742	  	 	 	.9716	  	 	 	.9684	  	 	 	.9650	  
	 	69	  	 	 	*	  	 	 	.9927	  	 	 	.9919	  	 	 	.9911	  	 	 	.9901	  	 	 	.9892	  	 	 	.9880	  	 	 	.9867	  	 	 	.9854	  	 	 	.9839	  	 	 	.9823	  	 	 	.9803	  	 	 	.9783	  	 	 	.9759	  	 	 	.9734	  	 	 	.9705	  	 	 	.9673	  
	 	70	  	 	 	*	  	 	 	.9932	  	 	 	.9925	  	 	 	.9918	  	 	 	.9909	  	 	 	.9899	  	 	 	.9889	  	 	 	.9878	  	 	 	.9864	  	 	 	.9851	  	 	 	.9835	  	 	 	.9817	  	 	 	.9798	  	 	 	.9777	  	 	 	.9752	  	 	 	.9726	  	 	 	.9694	  
	 	71	  	 	 	*	  	 	 	.9938	  	 	 	.9931	  	 	 	.9923	  	 	 	.9915	  	 	 	.9906	  	 	 	.9896	  	 	 	.9887	  	 	 	.9875	  	 	 	.9862	  	 	 	.9847	  	 	 	.9831	  	 	 	.9813	  	 	 	.9793	  	 	 	.9770	  	 	 	.9745	  	 	 	.9716	  
	 	72	  	 	 	*	  	 	 	.9943	  	 	 	.9936	  	 	 	.9929	  	 	 	.9921	  	 	 	.9914	  	 	 	.9905	  	 	 	.9895	  	 	 	.9884	  	 	 	.9872	  	 	 	.9859	  	 	 	.9845	  	 	 	.9828	  	 	 	.9808	  	 	 	.9787	  	 	 	.9763	  	 	 	.9737	  
	 	73	  	 	 	*	  	 	 	.9947	  	 	 	.9941	  	 	 	.9935	  	 	 	.9928	  	 	 	.9921	  	 	 	.9912	  	 	 	.9904	  	 	 	.9894	  	 	 	.9883	  	 	 	.9870	  	 	 	.9856	  	 	 	.9840	  	 	 	.9824	  	 	 	.9803	  	 	 	.9781	  	 	 	.9755	  
	 	74	  	 	 	*	  	 	 	.9951	  	 	 	.9946	  	 	 	.9940	  	 	 	.9934	  	 	 	.9926	  	 	 	.9919	  	 	 	.9911	  	 	 	.9902	  	 	 	.9892	  	 	 	.9880	  	 	 	.9867	  	 	 	.9853	  	 	 	.9837	  	 	 	.9819	  	 	 	.9798	  	 	 	.9774	  
	 	75	  	 	 	*	  	 	 	.9955	  	 	 	.9950	  	 	 	.9945	  	 	 	.9940	  	 	 	.9933	  	 	 	.9926	  	 	 	.9918	  	 	 	.9910	  	 	 	.9901	  	 	 	.9890	  	 	 	.9879	  	 	 	.9866	  	 	 	.9850	  	 	 	.9833	  	 	 	.9814	  	 	 	.9792	  
	 	76	  	 	 	*	  	 	 	.9959	  	 	 	.9954	  	 	 	.9950	  	 	 	.9945	  	 	 	.9938	  	 	 	.9932	  	 	 	.9925	  	 	 	.9918	  	 	 	.9909	  	 	 	.9899	  	 	 	.9889	  	 	 	.9877	  	 	 	.9862	  	 	 	.9847	  	 	 	.9829	  	 	 	.9809	  
	 	77	  	 	 	*	  	 	 	.9962	  	 	 	.9958	  	 	 	.9955	  	 	 	.9949	  	 	 	.9944	  	 	 	.9938	  	 	 	.9931	  	 	 	.9924	  	 	 	.9917	  	 	 	.9908	  	 	 	.9898	  	 	 	.9886	  	 	 	.9874	  	 	 	.9860	  	 	 	.9844	  	 	 	.9824	  
	 	78	  	 	 	*	  	 	 	.9966	  	 	 	.9962	  	 	 	.9959	  	 	 	.9953	  	 	 	.9949	  	 	 	.9944	  	 	 	.9937	  	 	 	.9932	  	 	 	.9923	  	 	 	.9916	  	 	 	.9907	  	 	 	.9896	  	 	 	.9885	  	 	 	.9871	  	 	 	.9857	  	 	 	.9841	  
	 	79	  	 	 	*	  	 	 	.9969	  	 	 	.9965	  	 	 	.9962	  	 	 	.9957	  	 	 	.9953	  	 	 	.9949	  	 	 	.9942	  	 	 	.9937	  	 	 	.9930	  	 	 	.9923	  	 	 	.9915	  	 	 	.9905	  	 	 	.9896	  	 	 	.9884	  	 	 	.9869	  	 	 	.9854	  
	 	80	  	 	 	*	  	 	 	.9972	  	 	 	.9969	  	 	 	.9965	  	 	 	.9962	  	 	 	.9957	  	 	 	.9953	  	 	 	.9948	  	 	 	.9942	  	 	 	.9937	  	 	 	.9930	  	 	 	.9923	  	 	 	.9914	  	 	 	.9905	  	 	 	.9893	  	 	 	.9880	  	 	 	.9867	  
	 	81	  	 	 	*	  	 	 	.9974	  	 	 	.9971	  	 	 	.9968	  	 	 	.9965	  	 	 	.9961	  	 	 	.9957	  	 	 	.9953	  	 	 	.9947	  	 	 	.9943	  	 	 	.9936	  	 	 	.9929	  	 	 	.9922	  	 	 	.9913	  	 	 	.9903	  	 	 	.9891	  	 	 	.9879	  
	 	82	  	 	 	*	  	 	 	.9977	  	 	 	.9974	  	 	 	.9971	  	 	 	.9968	  	 	 	.9964	  	 	 	.9961	  	 	 	.9956	  	 	 	.9953	  	 	 	.9948	  	 	 	.9942	  	 	 	.9936	  	 	 	.9929	  	 	 	.9921	  	 	 	.9912	  	 	 	.9902	  	 	 	.9890	  
	 	83	  	 	 	*	  	 	 	.9979	  	 	 	.9977	  	 	 	.9974	  	 	 	.9971	  	 	 	.9968	  	 	 	.9965	  	 	 	.9961	  	 	 	.9958	  	 	 	.9953	  	 	 	.9947	  	 	 	.9942	  	 	 	.9935	  	 	 	.9929	  	 	 	.9921	  	 	 	.9911	  	 	 	.9900	  
	 	84	  	 	 	*	  	 	 	.9981	  	 	 	.9979	  	 	 	.9976	  	 	 	.9974	  	 	 	.9971	  	 	 	.9968	  	 	 	.9965	  	 	 	.9961	  	 	 	.9957	  	 	 	.9952	  	 	 	.9947	  	 	 	.9941	  	 	 	.9935	  	 	 	.9927	  	 	 	.9920	  	 	 	.9909	  
	 	85	  	 	 	*	  	 	 	.9983	  	 	 	.9981	  	 	 	.9979	  	 	 	.9976	  	 	 	.9974	  	 	 	.9971	  	 	 	.9968	  	 	 	.9964	  	 	 	.9961	  	 	 	.9957	  	 	 	.9953	  	 	 	.9948	  	 	 	.9942	  	 	 	.9934	  	 	 	.9927	  	 	 	.9918	  

  
 16 

 APPENDICES 

TABLE E – 

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 

PENSIONER 
  

																																																																			
	Age
Of
Bene.	 	 	*
*
*	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	35	  	 	 	*	  	 	 	.8909	  	 	 	.8840	  	 	 	.8767	  	 	 	.8692	  	 	 	.8615	  	 	 	.8535	  	 	 	.8452	  	 	 	.8368	  	 	 	.8281	  	 	 	.8193	  	 	 	8103	  	 	 	.8011	  	 	 	.7919	  	 	 	.7826	  	 	 	.7731	  
	 	36	  	 	 	*	  	 	 	.8920	  	 	 	.8851	  	 	 	.8779	  	 	 	.8703	  	 	 	.8626	  	 	 	.8546	  	 	 	.8463	  	 	 	.8379	  	 	 	.8292	  	 	 	.8204	  	 	 	.8114	  	 	 	.8022	  	 	 	.7930	  	 	 	.7835	  	 	 	.7741	  
	 	37	  	 	 	*	  	 	 	.8932	  	 	 	.8863	  	 	 	.8791	  	 	 	.8716	  	 	 	.8638	  	 	 	.8558	  	 	 	.8475	  	 	 	.8390	  	 	 	.8304	  	 	 	.8215	  	 	 	.8125	  	 	 	.8033	  	 	 	.7941	  	 	 	.7847	  	 	 	.7751	  
	 	38	  	 	 	*	  	 	 	.8945	  	 	 	.8875	  	 	 	.8803	  	 	 	.8729	  	 	 	.8651	  	 	 	.8571	  	 	 	.8488	  	 	 	.8404	  	 	 	.8317	  	 	 	.8227	  	 	 	.8138	  	 	 	.8045	  	 	 	.7952	  	 	 	.7857	  	 	 	.7762	  
	 	39	  	 	 	*	  	 	 	.8958	  	 	 	.8889	  	 	 	.8817	  	 	 	.8742	  	 	 	.8665	  	 	 	.8584	  	 	 	.8502	  	 	 	.8417	  	 	 	.8330	  	 	 	.8240	  	 	 	.8150	  	 	 	.8058	  	 	 	.7964	  	 	 	.7870	  	 	 	.7774	  
	 	40	  	 	 	*	  	 	 	.8972	  	 	 	.8904	  	 	 	.8832	  	 	 	.8757	  	 	 	.8679	  	 	 	.8599	  	 	 	.8516	  	 	 	.8431	  	 	 	.8344	  	 	 	.8255	  	 	 	.8164	  	 	 	.8071	  	 	 	.7977	  	 	 	.7883	  	 	 	.7787	  
	 	41	  	 	 	*	  	 	 	.8988	  	 	 	.8919	  	 	 	.8847	  	 	 	.8772	  	 	 	.8694	  	 	 	.8614	  	 	 	.8531	  	 	 	.8446	  	 	 	.8358	  	 	 	.8269	  	 	 	.8178	  	 	 	.8086	  	 	 	.7992	  	 	 	.7896	  	 	 	.7800	  
	 	42	  	 	 	*	  	 	 	.9002	  	 	 	.8934	  	 	 	.8863	  	 	 	.8788	  	 	 	.8710	  	 	 	.8630	  	 	 	.8546	  	 	 	.8461	  	 	 	.8374	  	 	 	.8284	  	 	 	.8194	  	 	 	.8101	  	 	 	.8007	  	 	 	.7911	  	 	 	.7814	  
	 	43	  	 	 	*	  	 	 	.9019	  	 	 	.8951	  	 	 	.8879	  	 	 	.8805	  	 	 	.8727	  	 	 	.8647	  	 	 	.8564	  	 	 	.8478	  	 	 	.8391	  	 	 	.9302	  	 	 	.8211	  	 	 	.8117	  	 	 	.8022	  	 	 	.7926	  	 	 	.7829	  
	 	44	  	 	 	*	  	 	 	.9036	  	 	 	.8968	  	 	 	.8896	  	 	 	.8823	  	 	 	.8745	  	 	 	.8664	  	 	 	.8581	  	 	 	.8496	  	 	 	.8404	  	 	 	.8318	  	 	 	.8227	  	 	 	.8013	  	 	 	.8039	  	 	 	.7943	  	 	 	.7846	  
	 	45	  	 	 	*	  	 	 	.9054	  	 	 	.8986	  	 	 	.8916	  	 	 	.8841	  	 	 	.8763	  	 	 	.8682	  	 	 	.8600	  	 	 	.8515	  	 	 	.8427	  	 	 	.8337	  	 	 	.8245	  	 	 	.8152	  	 	 	.8057	  	 	 	.7959	  	 	 	.7862	  
	 	46	  	 	 	*	  	 	 	.9073	  	 	 	.9005	  	 	 	.8935	  	 	 	.8860	  	 	 	.8783	  	 	 	.8702	  	 	 	.8619	  	 	 	.8534	  	 	 	.8446	  	 	 	.8356	  	 	 	.8265	  	 	 	.8170	  	 	 	.8075	  	 	 	.7979	  	 	 	.7880	  
	 	47	  	 	 	*	  	 	 	.9092	  	 	 	.9025	  	 	 	.8954	  	 	 	.8881	  	 	 	.8803	  	 	 	.8723	  	 	 	.8640	  	 	 	.8555	  	 	 	.8467	  	 	 	.8377	  	 	 	.8284	  	 	 	.8190	  	 	 	.8094	  	 	 	.7998	  	 	 	.7900	  
	 	48	  	 	 	*	  	 	 	.9112	  	 	 	.9045	  	 	 	.8975	  	 	 	.8902	  	 	 	.8824	  	 	 	.8745	  	 	 	.8661	  	 	 	.8576	  	 	 	.8488	  	 	 	.8398	  	 	 	.8305	  	 	 	.8212	  	 	 	.8116	  	 	 	.8018	  	 	 	.7920	  
	 	49	  	 	 	*	  	 	 	.9133	  	 	 	.9066	  	 	 	.8996	  	 	 	.8923	  	 	 	.8847	  	 	 	.8767	  	 	 	.8684	  	 	 	.8599	  	 	 	.8511	  	 	 	.8421	  	 	 	.8328	  	 	 	.8233	  	 	 	.8138	  	 	 	.8040	  	 	 	.7941	  
	 	50	  	 	 	*	  	 	 	.9154	  	 	 	.9089	  	 	 	.9019	  	 	 	.8946	  	 	 	.8870	  	 	 	.8791	  	 	 	.8707	  	 	 	.8622	  	 	 	.8534	  	 	 	.8445	  	 	 	.8352	  	 	 	.8258	  	 	 	.8160	  	 	 	.8062	  	 	 	.7963	  
	 	51	  	 	 	*	  	 	 	.9176	  	 	 	.9111	  	 	 	.9042	  	 	 	.8970	  	 	 	.8894	  	 	 	.8814	  	 	 	.8732	  	 	 	.8647	  	 	 	.8559	  	 	 	.8469	  	 	 	.8377	  	 	 	.8282	  	 	 	.8185	  	 	 	.8087	  	 	 	.7987	  
	 	52	  	 	 	*	  	 	 	.9199	  	 	 	.9134	  	 	 	.9066	  	 	 	.8995	  	 	 	.8919	  	 	 	.8840	  	 	 	.8758	  	 	 	.8673	  	 	 	.8585	  	 	 	.8495	  	 	 	.8403	  	 	 	.8308	  	 	 	.8211	  	 	 	.8112	  	 	 	.8012	  
	 	53	  	 	 	*	  	 	 	.9223	  	 	 	.9159	  	 	 	.9091	  	 	 	.9020	  	 	 	.8945	  	 	 	.8867	  	 	 	.8785	  	 	 	.8700	  	 	 	.8613	  	 	 	.8523	  	 	 	.8430	  	 	 	.8335	  	 	 	.8239	  	 	 	.8139	  	 	 	.8039	  
	 	54	  	 	 	*	  	 	 	.9246	  	 	 	.9183	  	 	 	.9117	  	 	 	.9046	  	 	 	.8972	  	 	 	.8894	  	 	 	.8813	  	 	 	.8728	  	 	 	.8641	  	 	 	.8551	  	 	 	.8459	  	 	 	.8364	  	 	 	.8267	  	 	 	.8167	  	 	 	.8067	  
	 	55	  	 	 	*	  	 	 	.9271	  	 	 	.9209	  	 	 	.9144	  	 	 	.9073	  	 	 	.9000	  	 	 	.8923	  	 	 	.8842	  	 	 	.8757	  	 	 	.8671	  	 	 	.8581	  	 	 	.8489	  	 	 	.8395	  	 	 	.8297	  	 	 	.8197	  	 	 	.8096	  
	 	56	  	 	 	*	  	 	 	.9296	  	 	 	.9235	  	 	 	.9171	  	 	 	.9102	  	 	 	.9028	  	 	 	.8952	  	 	 	.8872	  	 	 	.8789	  	 	 	.8703	  	 	 	.8612	  	 	 	.8521	  	 	 	.8426	  	 	 	.8328	  	 	 	.8229	  	 	 	.8128	  
	 	57	  	 	 	*	  	 	 	.9322	  	 	 	.9261	  	 	 	.9198	  	 	 	.9130	  	 	 	.9058	  	 	 	.8983	  	 	 	.8903	  	 	 	.8821	  	 	 	.8735	  	 	 	.8646	  	 	 	.8554	  	 	 	.8459	  	 	 	.8362	  	 	 	.8263	  	 	 	.8161	  
	 	58	  	 	 	*	  	 	 	.9348	  	 	 	.9289	  	 	 	.9226	  	 	 	.9159	  	 	 	.9089	  	 	 	.9014	  	 	 	.8935	  	 	 	.8854	  	 	 	.8768	  	 	 	.8680	  	 	 	.8589	  	 	 	.8494	  	 	 	.8397	  	 	 	.8297	  	 	 	.8196	  
	 	59	  	 	 	*	  	 	 	.9374	  	 	 	.9317	  	 	 	.9255	  	 	 	.9190	  	 	 	.9121	  	 	 	.9047	  	 	 	.8969	  	 	 	.8888	  	 	 	.8803	  	 	 	.8716	  	 	 	.8625	  	 	 	.8530	  	 	 	.8434	  	 	 	.8334	  	 	 	.8233	  
	 	60	  	 	 	*	  	 	 	.9401	  	 	 	.9346	  	 	 	.9285	  	 	 	.9221	  	 	 	.9152	  	 	 	.9080	  	 	 	.9003	  	 	 	.8924	  	 	 	.8840	  	 	 	.8753	  	 	 	.8663	  	 	 	.8569	  	 	 	.8472	  	 	 	.8372	  	 	 	.8271	  

  
 17 

 APPENDICES 

TABLE E – 

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 

PENSIONER 
  

																																																																			
	Age
Of
Bene.	 	 	*
*
*	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	61	  	 	 	*	  	 	 	.9428	  	 	 	.9373	  	 	 	.9315	  	 	 	.9252	  	 	 	.9185	  	 	 	.9113	  	 	 	.9039	  	 	 	.8960	  	 	 	.8878	  	 	 	.8791	  	 	 	.8701	  	 	 	.8608	  	 	 	.8512	  	 	 	.8413	  	 	 	.8312	  
	 	62	  	 	 	*	  	 	 	.9454	  	 	 	.9402	  	 	 	.9345	  	 	 	.9284	  	 	 	.9218	  	 	 	.9149	  	 	 	.9074	  	 	 	.8998	  	 	 	.8916	  	 	 	.8830	  	 	 	.8742	  	 	 	.8649	  	 	 	.8554	  	 	 	.8455	  	 	 	.8354	  
	 	63	  	 	 	*	  	 	 	.9482	  	 	 	.9431	  	 	 	.9375	  	 	 	.9316	  	 	 	.9252	  	 	 	.9184	  	 	 	.9111	  	 	 	.9035	  	 	 	.8955	  	 	 	.8871	  	 	 	.8784	  	 	 	.8692	  	 	 	.8597	  	 	 	.8499	  	 	 	.8398	  
	 	64	  	 	 	*	  	 	 	.9509	  	 	 	.9459	  	 	 	.9406	  	 	 	.9348	  	 	 	.9285	  	 	 	.9219	  	 	 	.9149	  	 	 	.9074	  	 	 	.8995	  	 	 	.8912	  	 	 	.8826	  	 	 	.8736	  	 	 	.8641	  	 	 	.8544	  	 	 	.8443	  
	 	65	  	 	 	*	  	 	 	.9535	  	 	 	.9487	  	 	 	.9437	  	 	 	.9380	  	 	 	.9320	  	 	 	.9255	  	 	 	.9186	  	 	 	.9113	  	 	 	.9036	  	 	 	.8956	  	 	 	.8871	  	 	 	.8781	  	 	 	.8687	  	 	 	.8591	  	 	 	.8491	  
	 	66	  	 	 	*	  	 	 	.9562	  	 	 	.9516	  	 	 	.9466	  	 	 	.9412	  	 	 	.9354	  	 	 	.9291	  	 	 	.9225	  	 	 	.9153	  	 	 	.9078	  	 	 	.8998	  	 	 	.8914	  	 	 	.8827	  	 	 	.8735	  	 	 	.8638	  	 	 	.8540	  
	 	67	  	 	 	*	  	 	 	.9588	  	 	 	.9543	  	 	 	.9496	  	 	 	.9444	  	 	 	.9388	  	 	 	.9327	  	 	 	.9263	  	 	 	.9194	  	 	 	.9120	  	 	 	.9042	  	 	 	.8960	  	 	 	.8873	  	 	 	.8783	  	 	 	.8688	  	 	 	.8590	  
	 	68	  	 	 	*	  	 	 	.9612	  	 	 	.9571	  	 	 	.9525	  	 	 	.9475	  	 	 	.9422	  	 	 	.9363	  	 	 	.9301	  	 	 	.9234	  	 	 	.9162	  	 	 	.9086	  	 	 	.9006	  	 	 	.8922	  	 	 	.8832	  	 	 	.8739	  	 	 	.8642	  
	 	69	  	 	 	*	  	 	 	.9637	  	 	 	.9597	  	 	 	.9554	  	 	 	.9506	  	 	 	.9455	  	 	 	.9398	  	 	 	.9338	  	 	 	.9274	  	 	 	.9204	  	 	 	.9130	  	 	 	.9052	  	 	 	.8969	  	 	 	.8882	  	 	 	.8790	  	 	 	.8695	  
	 	70	  	 	 	*	  	 	 	.9661	  	 	 	.9623	  	 	 	.9582	  	 	 	.9537	  	 	 	.9488	  	 	 	.9433	  	 	 	.9375	  	 	 	.9313	  	 	 	.9245	  	 	 	.9174	  	 	 	.9098	  	 	 	.9018	  	 	 	.8933	  	 	 	.8843	  	 	 	.8749	  
	 	71	  	 	 	*	  	 	 	.9684	  	 	 	.9649	  	 	 	.9610	  	 	 	.9566	  	 	 	.9520	  	 	 	.9468	  	 	 	.9412	  	 	 	.9353	  	 	 	.9287	  	 	 	.9218	  	 	 	.9145	  	 	 	.9066	  	 	 	.8983	  	 	 	.8895	  	 	 	.8803	  
	 	72	  	 	 	*	  	 	 	.9706	  	 	 	.9673	  	 	 	.9636	  	 	 	.9596	  	 	 	.9551	  	 	 	.9502	  	 	 	.9449	  	 	 	.9391	  	 	 	.9329	  	 	 	.9263	  	 	 	.9191	  	 	 	.9116	  	 	 	.9035	  	 	 	.8948	  	 	 	.8859	  
	 	73	  	 	 	*	  	 	 	.9728	  	 	 	.9697	  	 	 	.9662	  	 	 	.9624	  	 	 	.9581	  	 	 	.9535	  	 	 	.9485	  	 	 	.9429	  	 	 	.9370	  	 	 	.9306	  	 	 	.9237	  	 	 	.9164	  	 	 	.9085	  	 	 	.9002	  	 	 	.8914	  
	 	74	  	 	 	*	  	 	 	.9748	  	 	 	.9720	  	 	 	.9687	  	 	 	.9650	  	 	 	.9611	  	 	 	.9566	  	 	 	.9519	  	 	 	.9467	  	 	 	.9409	  	 	 	.9348	  	 	 	.9283	  	 	 	.9211	  	 	 	.9136	  	 	 	.9055	  	 	 	.8970	  
	 	75	  	 	 	*	  	 	 	.9768	  	 	 	.9741	  	 	 	.9711	  	 	 	.9676	  	 	 	.9639	  	 	 	.9598	  	 	 	.9552	  	 	 	.9502	  	 	 	.9448	  	 	 	.9390	  	 	 	.9327	  	 	 	.9259	  	 	 	.9186	  	 	 	.9108	  	 	 	.9026	  
	 	76	  	 	 	*	  	 	 	.9787	  	 	 	.9761	  	 	 	.9732	  	 	 	.9702	  	 	 	.9666	  	 	 	.9627	  	 	 	.9584	  	 	 	.9537	  	 	 	.9486	  	 	 	.9431	  	 	 	.9371	  	 	 	.9306	  	 	 	.9235	  	 	 	.9160	  	 	 	.9080	  
	 	77	  	 	 	*	  	 	 	.9804	  	 	 	.9780	  	 	 	.9754	  	 	 	.9725	  	 	 	.9693	  	 	 	.9656	  	 	 	.9615	  	 	 	.9571	  	 	 	.9523	  	 	 	.9470	  	 	 	.9412	  	 	 	.9351	  	 	 	.9285	  	 	 	.9212	  	 	 	.9135	  
	 	78	  	 	 	*	  	 	 	.9821	  	 	 	.9799	  	 	 	.9774	  	 	 	.9747	  	 	 	.9716	  	 	 	.9682	  	 	 	.9644	  	 	 	.9603	  	 	 	.9557	  	 	 	.9508	  	 	 	.9454	  	 	 	.9396	  	 	 	.9331	  	 	 	.9262	  	 	 	.9188	  
	 	79	  	 	 	*	  	 	 	.9836	  	 	 	.9816	  	 	 	.9793	  	 	 	.9768	  	 	 	.9739	  	 	 	.9708	  	 	 	.9672	  	 	 	.9634	  	 	 	.9591	  	 	 	.9544	  	 	 	.9493	  	 	 	.9438	  	 	 	.9377	  	 	 	.9311	  	 	 	.9239	  
	 	80	  	 	 	*	  	 	 	.9850	  	 	 	.9832	  	 	 	.9811	  	 	 	.9788	  	 	 	.9761	  	 	 	.9732	  	 	 	.9699	  	 	 	.9663	  	 	 	.9623	  	 	 	.9579	  	 	 	.9531	  	 	 	.9478	  	 	 	.9421	  	 	 	.9357	  	 	 	.9290	  
	 	81	  	 	 	*	  	 	 	.9864	  	 	 	.9847	  	 	 	.9828	  	 	 	.9806	  	 	 	.9781	  	 	 	.9755	  	 	 	.9723	  	 	 	.9690	  	 	 	.9653	  	 	 	.9611	  	 	 	.9567	  	 	 	.9517	  	 	 	.9463	  	 	 	.9403	  	 	 	.9339	  
	 	82	  	 	 	*	  	 	 	.9876	  	 	 	.9861	  	 	 	.9843	  	 	 	.9824	  	 	 	.9801	  	 	 	.9775	  	 	 	.9747	  	 	 	.9716	  	 	 	.9681	  	 	 	.9644	  	 	 	.9601	  	 	 	.9553	  	 	 	.9503	  	 	 	.9447	  	 	 	.9386	  
	 	83	  	 	 	*	  	 	 	.9887	  	 	 	.9873	  	 	 	.9857	  	 	 	.9839	  	 	 	.9818	  	 	 	.9795	  	 	 	.9769	  	 	 	.9740	  	 	 	.9709	  	 	 	.9673	  	 	 	.9633	  	 	 	.9589	  	 	 	.9541	  	 	 	.9488	  	 	 	.9431	  
	 	84	  	 	 	*	  	 	 	.9898	  	 	 	.9885	  	 	 	.9871	  	 	 	.9854	  	 	 	.9835	  	 	 	.9813	  	 	 	.9789	  	 	 	.9763	  	 	 	.9732	  	 	 	.9701	  	 	 	.9664	  	 	 	.9624	  	 	 	.9578	  	 	 	.9529	  	 	 	.9474	  
	 	85	  	 	 	*	  	 	 	.9908	  	 	 	.9896	  	 	 	.9883	  	 	 	.9868	  	 	 	.9850	  	 	 	.9831	  	 	 	.9808	  	 	 	.9784	  	 	 	.9757	  	 	 	.9726	  	 	 	.9693	  	 	 	.9654	  	 	 	.9614	  	 	 	.9567	  	 	 	.9516	  

  
 18 

 APPENDICES 

TABLE F – 

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 

PENSIONER 
  

																																																																							
	Age
Of
Bene.	 	 	*
*
*	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 
	 	35	  	 	 	*	  	 	 	.9633	  	 	 	.9603	  	 	 	.9572	  	 	 	.9539	  	 	 	.9504	  	 	 	.9467	  	 	 	.9428	  	 	 	.9387	  	 	 	.9343	  	 	 	.9297	  	 	 	.9249	  	 	 	.9198	  	 	 	.9144	  	 	 	.9087	  	 	 	.9027	  	 	 	.8964	  
	 	36	  	 	 	*	  	 	 	.9641	  	 	 	.9612	  	 	 	.9580	  	 	 	.9548	  	 	 	.9513	  	 	 	.9476	  	 	 	.9437	  	 	 	.9396	  	 	 	.9353	  	 	 	.9308	  	 	 	.9259	  	 	 	.9208	  	 	 	.9154	  	 	 	.9098	  	 	 	.9037	  	 	 	.8974	  
	 	37	  	 	 	*	  	 	 	.9649	  	 	 	.9619	  	 	 	.9589	  	 	 	.9556	  	 	 	.9522	  	 	 	.9486	  	 	 	.9447	  	 	 	.9406	  	 	 	.9363	  	 	 	.9318	  	 	 	.9269	  	 	 	.9219	  	 	 	.9165	  	 	 	.9109	  	 	 	.9049	  	 	 	.8986	  
	 	38	  	 	 	*	  	 	 	.9657	  	 	 	.9628	  	 	 	.9598	  	 	 	.9565	  	 	 	.9531	  	 	 	.9495	  	 	 	.9457	  	 	 	.9417	  	 	 	.9374	  	 	 	.9329	  	 	 	.9280	  	 	 	.9230	  	 	 	.9176	  	 	 	.9120	  	 	 	.9060	  	 	 	.8997	  
	 	39	  	 	 	*	  	 	 	.9665	  	 	 	.9636	  	 	 	.9606	  	 	 	.9574	  	 	 	.9541	  	 	 	.9505	  	 	 	.9467	  	 	 	.9427	  	 	 	.9384	  	 	 	.9340	  	 	 	.9292	  	 	 	.9242	  	 	 	.9188	  	 	 	.9132	  	 	 	.9072	  	 	 	.9010	  
	 	40	  	 	 	*	  	 	 	.9673	  	 	 	.9645	  	 	 	.9615	  	 	 	.9584	  	 	 	.9550	  	 	 	.9516	  	 	 	.9477	  	 	 	.9438	  	 	 	.9396	  	 	 	.9351	  	 	 	.9304	  	 	 	.9253	  	 	 	.9200	  	 	 	.9144	  	 	 	.9085	  	 	 	.9023	  
	 	41	  	 	 	*	  	 	 	.9681	  	 	 	.9653	  	 	 	.9624	  	 	 	.9593	  	 	 	.9560	  	 	 	.9525	  	 	 	.9488	  	 	 	.9449	  	 	 	.9407	  	 	 	.9363	  	 	 	.9315	  	 	 	.9265	  	 	 	.9213	  	 	 	.9157	  	 	 	.9098	  	 	 	.9035	  
	 	42	  	 	 	*	  	 	 	.9690	  	 	 	.9663	  	 	 	.9634	  	 	 	.9603	  	 	 	.9570	  	 	 	.9536	  	 	 	.9499	  	 	 	.9460	  	 	 	.9419	  	 	 	.9375	  	 	 	.9328	  	 	 	.9279	  	 	 	.9227	  	 	 	.9170	  	 	 	.9111	  	 	 	.9050	  
	 	43	  	 	 	*	  	 	 	.9698	  	 	 	.9672	  	 	 	.9643	  	 	 	.9614	  	 	 	.9582	  	 	 	.9547	  	 	 	.9511	  	 	 	.9472	  	 	 	.9431	  	 	 	.9387	  	 	 	.9341	  	 	 	.9291	  	 	 	.9240	  	 	 	.9184	  	 	 	.9126	  	 	 	.9064	  
	 	44	  	 	 	*	  	 	 	.9707	  	 	 	.9681	  	 	 	.9653	  	 	 	.9623	  	 	 	.9591	  	 	 	.9558	  	 	 	.9522	  	 	 	.9484	  	 	 	.9444	  	 	 	.9400	  	 	 	.9354	  	 	 	.9306	  	 	 	.9254	  	 	 	.9199	  	 	 	.9140	  	 	 	.9079	  
	 	45	  	 	 	*	  	 	 	.9716	  	 	 	.9690	  	 	 	.9662	  	 	 	.9633	  	 	 	.9603	  	 	 	.9569	  	 	 	9534	  	 	 	.9496	  	 	 	.9457	  	 	 	.9414	  	 	 	.9368	  	 	 	.9320	  	 	 	.9268	  	 	 	.9214	  	 	 	.9156	  	 	 	.9095	  
	 	46	  	 	 	*	  	 	 	.9724	  	 	 	.9699	  	 	 	.9672	  	 	 	.9644	  	 	 	.9613	  	 	 	.9581	  	 	 	.9546	  	 	 	.9509	  	 	 	.9470	  	 	 	.9427	  	 	 	.9382	  	 	 	.9335	  	 	 	.9283	  	 	 	.9229	  	 	 	.9172	  	 	 	.9111	  
	 	47	  	 	 	*	  	 	 	.9732	  	 	 	.9708	  	 	 	.9682	  	 	 	.9655	  	 	 	.9624	  	 	 	.9592	  	 	 	.9559	  	 	 	.9522	  	 	 	.9483	  	 	 	.9441	  	 	 	.9397	  	 	 	.9349	  	 	 	.9299	  	 	 	.9245	  	 	 	.9188	  	 	 	.9127	  
	 	48	  	 	 	*	  	 	 	.9741	  	 	 	.9718	  	 	 	.9692	  	 	 	.9665	  	 	 	.9635	  	 	 	.9604	  	 	 	.9570	  	 	 	.9535	  	 	 	.9497	  	 	 	.9456	  	 	 	.9411	  	 	 	.9364	  	 	 	.9315	  	 	 	.9261	  	 	 	.9204	  	 	 	.9145	  
	 	49	  	 	 	*	  	 	 	.9750	  	 	 	.9727	  	 	 	.9702	  	 	 	.9675	  	 	 	.9647	  	 	 	.9616	  	 	 	.9582	  	 	 	.9548	  	 	 	.9510	  	 	 	.9470	  	 	 	.9426	  	 	 	.9380	  	 	 	.9331	  	 	 	.9278	  	 	 	.9222	  	 	 	.9162	  
	 	50	  	 	 	*	  	 	 	.9759	  	 	 	.9736	  	 	 	.9712	  	 	 	.9686	  	 	 	.9657	  	 	 	.9628	  	 	 	.9595	  	 	 	.9561	  	 	 	.9525	  	 	 	.9485	  	 	 	.9442	  	 	 	.9396	  	 	 	.9347	  	 	 	.9296	  	 	 	.9240	  	 	 	.9181	  
	 	51	  	 	 	*	  	 	 	.9767	  	 	 	.9745	  	 	 	.9721	  	 	 	.9696	  	 	 	.9669	  	 	 	.9640	  	 	 	.9608	  	 	 	.9574	  	 	 	.9538	  	 	 	.9499	  	 	 	.9458	  	 	 	.9413	  	 	 	.9365	  	 	 	.9313	  	 	 	.9259	  	 	 	.9200	  
	 	52	  	 	 	*	  	 	 	.9775	  	 	 	.9754	  	 	 	.9731	  	 	 	.9707	  	 	 	.9680	  	 	 	.9651	  	 	 	.9620	  	 	 	.9588	  	 	 	.9552	  	 	 	.9515	  	 	 	.9473	  	 	 	.9429	  	 	 	.9382	  	 	 	.9331	  	 	 	.9277	  	 	 	.9219	  
	 	53	  	 	 	*	  	 	 	.9784	  	 	 	.9764	  	 	 	.9741	  	 	 	.9717	  	 	 	.9691	  	 	 	.9663	  	 	 	.9634	  	 	 	.9602	  	 	 	.9567	  	 	 	.9529	  	 	 	.9489	  	 	 	.9446	  	 	 	.9399	  	 	 	.9349	  	 	 	.9295	  	 	 	.9239	  
	 	54	  	 	 	*	  	 	 	.9792	  	 	 	.9772	  	 	 	.9751	  	 	 	.9727	  	 	 	.9703	  	 	 	.9675	  	 	 	.9646	  	 	 	.9612	  	 	 	.9581	  	 	 	.9545	  	 	 	.9505	  	 	 	.9463	  	 	 	.9417	  	 	 	.9368	  	 	 	.9315	  	 	 	.9258	  
	 	55	  	 	 	*	  	 	 	.9800	  	 	 	.9780	  	 	 	.9760	  	 	 	.9737	  	 	 	.9713	  	 	 	.9687	  	 	 	.9659	  	 	 	.9628	  	 	 	.9595	  	 	 	.9560	  	 	 	.9520	  	 	 	.9480	  	 	 	.9435	  	 	 	.9386	  	 	 	.9334	  	 	 	.9279	  
	 	56	  	 	 	*	  	 	 	.9808	  	 	 	.9789	  	 	 	.9769	  	 	 	.9747	  	 	 	.9724	  	 	 	.9698	  	 	 	.9671	  	 	 	.9641	  	 	 	.9609	  	 	 	.9574	  	 	 	.9538	  	 	 	.9496	  	 	 	.9454	  	 	 	.9406	  	 	 	.9355	  	 	 	.9299	  
	 	57	  	 	 	*	  	 	 	.9816	  	 	 	.9798	  	 	 	.9779	  	 	 	.9757	  	 	 	.9734	  	 	 	.9710	  	 	 	.9683	  	 	 	.9654	  	 	 	.9624	  	 	 	.9590	  	 	 	.9553	  	 	 	.9514	  	 	 	.9471	  	 	 	.9424	  	 	 	.9375	  	 	 	.9321	  
	 	58	  	 	 	*	  	 	 	.9823	  	 	 	.9806	  	 	 	.9787	  	 	 	.9767	  	 	 	.9746	  	 	 	.9721	  	 	 	.9695	  	 	 	.9668	  	 	 	.9637	  	 	 	.9605	  	 	 	.9569	  	 	 	.9531	  	 	 	.9489	  	 	 	.9445	  	 	 	.9395	  	 	 	.9343	  
	 	59	  	 	 	*	  	 	 	.9831	  	 	 	.9813	  	 	 	.9796	  	 	 	.9776	  	 	 	.9755	  	 	 	.9733	  	 	 	.9707	  	 	 	.9680	  	 	 	.9651	  	 	 	.9620	  	 	 	.9585	  	 	 	.9548	  	 	 	.9507	  	 	 	.9464	  	 	 	.9415	  	 	 	.9363	  
	 	60	  	 	 	*	  	 	 	.9838	  	 	 	.9822	  	 	 	.9804	  	 	 	.9785	  	 	 	.9765	  	 	 	.9743	  	 	 	.9720	  	 	 	.9693	  	 	 	.9666	  	 	 	.9635	  	 	 	.9602	  	 	 	.9565	  	 	 	.9525	  	 	 	.9482	  	 	 	.9436	  	 	 	.9385	  

  
 19 

 APPENDICES 

TABLE F – 

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 

PENSIONER 
  

																																																																							
	Age
Of
Bene.	 	 	*
*
*	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 
	 	61	  	 	 	*	  	 	 	.9845	  	 	 	.9830	  	 	 	.9813	  	 	 	.9795	  	 	 	.9775	  	 	 	.9754	  	 	 	.9732	  	 	 	.9706	  	 	 	.9679	  	 	 	.9649	  	 	 	.9617	  	 	 	.9582	  	 	 	.9543	  	 	 	.9501	  	 	 	.9456	  	 	 	.9407	  
	 	62	  	 	 	*	  	 	 	.9852	  	 	 	.9837	  	 	 	.9821	  	 	 	.9804	  	 	 	.9785	  	 	 	.9765	  	 	 	.9742	  	 	 	.9719	  	 	 	.9692	  	 	 	.9664	  	 	 	.9633	  	 	 	.9599	  	 	 	.9561	  	 	 	.9520	  	 	 	.9476	  	 	 	.9428	  
	 	63	  	 	 	*	  	 	 	.9858	  	 	 	.9845	  	 	 	.9829	  	 	 	.9813	  	 	 	.9794	  	 	 	.9775	  	 	 	.9754	  	 	 	.9730	  	 	 	.9705	  	 	 	.9678	  	 	 	.9649	  	 	 	.9615	  	 	 	.9579	  	 	 	.9539	  	 	 	.9496	  	 	 	.9450	  
	 	64	  	 	 	*	  	 	 	.9865	  	 	 	.9851	  	 	 	.9836	  	 	 	.9821	  	 	 	.9803	  	 	 	.9785	  	 	 	.9765	  	 	 	.9742	  	 	 	.9718	  	 	 	.9692	  	 	 	.9663	  	 	 	.9631	  	 	 	.9596	  	 	 	.9558	  	 	 	.9517	  	 	 	.9471	  
	 	65	  	 	 	*	  	 	 	.9871	  	 	 	.9858	  	 	 	.9844	  	 	 	.9829	  	 	 	.9813	  	 	 	.9795	  	 	 	.9775	  	 	 	.9754	  	 	 	.9731	  	 	 	.9706	  	 	 	.9678	  	 	 	.9646	  	 	 	.9613	  	 	 	.9577	  	 	 	.9537	  	 	 	.9493	  
	 	66	  	 	 	*	  	 	 	.9877	  	 	 	.9864	  	 	 	.9851	  	 	 	.9837	  	 	 	.9821	  	 	 	.9804	  	 	 	.9786	  	 	 	.9765	  	 	 	.9743	  	 	 	.9718	  	 	 	.9692	  	 	 	.9662	  	 	 	.9631	  	 	 	.9595	  	 	 	.9556	  	 	 	.9513	  
	 	67	  	 	 	*	  	 	 	.9883	  	 	 	.9871	  	 	 	.9859	  	 	 	.9844	  	 	 	.9829	  	 	 	.9813	  	 	 	.9795	  	 	 	.9775	  	 	 	.9754	  	 	 	.9732	  	 	 	.9706	  	 	 	.9678	  	 	 	.9647	  	 	 	.9613	  	 	 	.9575	  	 	 	.9534	  
	 	68	  	 	 	*	  	 	 	.9888	  	 	 	.9878	  	 	 	.9864	  	 	 	.9852	  	 	 	.9837	  	 	 	.9822	  	 	 	.9805	  	 	 	.9786	  	 	 	.9767	  	 	 	.9744	  	 	 	.9720	  	 	 	.9693	  	 	 	.9662	  	 	 	.9630	  	 	 	.9594	  	 	 	.9554	  
	 	69	  	 	 	*	  	 	 	.9894	  	 	 	.9883	  	 	 	.9871	  	 	 	.9858	  	 	 	.9845	  	 	 	.9830	  	 	 	.9814	  	 	 	.9797	  	 	 	.9778	  	 	 	.9756	  	 	 	.9733	  	 	 	.9707	  	 	 	.9678	  	 	 	.9647	  	 	 	.9612	  	 	 	.9575	  
	 	70	  	 	 	*	  	 	 	.9899	  	 	 	.9888	  	 	 	.9878	  	 	 	.9865	  	 	 	.9852	  	 	 	.9838	  	 	 	.9823	  	 	 	.9806	  	 	 	.9788	  	 	 	.9768	  	 	 	.9746	  	 	 	.9721	  	 	 	.9694	  	 	 	.9664	  	 	 	.9630	  	 	 	.9593	  
	 	71	  	 	 	*	  	 	 	.9904	  	 	 	.9894	  	 	 	.9884	  	 	 	.9872	  	 	 	.9859	  	 	 	.9846	  	 	 	.9832	  	 	 	.9816	  	 	 	.9799	  	 	 	.9779	  	 	 	.9758	  	 	 	.9735	  	 	 	.9708	  	 	 	.9680	  	 	 	.9648	  	 	 	.9612	  
	 	72	  	 	 	*	  	 	 	.9909	  	 	 	.9899	  	 	 	.9889	  	 	 	.9878	  	 	 	.9867	  	 	 	.9854	  	 	 	.9841	  	 	 	.9825	  	 	 	.9808	  	 	 	.9790	  	 	 	.9770	  	 	 	.9747	  	 	 	.9723	  	 	 	.9696	  	 	 	.9665	  	 	 	.9631	  
	 	73	  	 	 	*	  	 	 	.9913	  	 	 	.9904	  	 	 	.9895	  	 	 	.9885	  	 	 	.9873	  	 	 	.9861	  	 	 	.9849	  	 	 	.9833	  	 	 	.9818	  	 	 	.9801	  	 	 	.9781	  	 	 	.9761	  	 	 	.9737	  	 	 	.9710	  	 	 	.9682	  	 	 	.9648	  
	 	74	  	 	 	*	  	 	 	.9917	  	 	 	.9910	  	 	 	.9900	  	 	 	.9891	  	 	 	.9879	  	 	 	.9869	  	 	 	.9856	  	 	 	.9842	  	 	 	.9828	  	 	 	.9812	  	 	 	.9792	  	 	 	.9773	  	 	 	.9750	  	 	 	.9725	  	 	 	.9697	  	 	 	.9666	  
	 	75	  	 	 	*	  	 	 	.9922	  	 	 	.9914	  	 	 	.9906	  	 	 	.9896	  	 	 	.9886	  	 	 	.9875	  	 	 	.9863	  	 	 	.9850	  	 	 	.9837	  	 	 	.9821	  	 	 	.9804	  	 	 	.9778	  	 	 	.9763	  	 	 	.9739	  	 	 	.9712	  	 	 	.9682	  
	 	76	  	 	 	*	  	 	 	.9926	  	 	 	.9918	  	 	 	.9910	  	 	 	.9902	  	 	 	.9891	  	 	 	.9881	  	 	 	.9871	  	 	 	.9858	  	 	 	.9845	  	 	 	.9830	  	 	 	.9814	  	 	 	.9796	  	 	 	.9775	  	 	 	.9753	  	 	 	.9727	  	 	 	.9698	  
	 	77	  	 	 	*	  	 	 	.9930	  	 	 	.9922	  	 	 	.9915	  	 	 	.9907	  	 	 	.9898	  	 	 	.9887	  	 	 	.9877	  	 	 	.9865	  	 	 	.9853	  	 	 	.9839	  	 	 	.9823	  	 	 	.9806	  	 	 	.9787	  	 	 	.9766	  	 	 	.9742	  	 	 	.9715	  
	 	78	  	 	 	*	  	 	 	.9934	  	 	 	.9927	  	 	 	.9919	  	 	 	.9911	  	 	 	.9903	  	 	 	.9893	  	 	 	.9883	  	 	 	.9872	  	 	 	.9860	  	 	 	.9847	  	 	 	.9833	  	 	 	.9817	  	 	 	.9798	  	 	 	.9777	  	 	 	.9756	  	 	 	.9730	  
	 	79	  	 	 	*	  	 	 	.9937	  	 	 	.9931	  	 	 	.9923	  	 	 	.9915	  	 	 	.9907	  	 	 	.9899	  	 	 	.9889	  	 	 	.9879	  	 	 	.9868	  	 	 	.9856	  	 	 	.9842	  	 	 	.9826	  	 	 	.9809	  	 	 	.9790	  	 	 	.9768	  	 	 	.9744	  
	 	80	  	 	 	*	  	 	 	.9941	  	 	 	.9934	  	 	 	.9928	  	 	 	.9921	  	 	 	.9913	  	 	 	.9904	  	 	 	.9895	  	 	 	.9886	  	 	 	.9875	  	 	 	.9864	  	 	 	.9851	  	 	 	.9836	  	 	 	.9820	  	 	 	.9801	  	 	 	.9780	  	 	 	.9758	  
	 	81	  	 	 	*	  	 	 	.9943	  	 	 	.9937	  	 	 	.9931	  	 	 	.9924	  	 	 	.9917	  	 	 	.9910	  	 	 	.9901	  	 	 	.9891	  	 	 	.9882	  	 	 	.9870	  	 	 	.9858	  	 	 	.9845	  	 	 	.9830	  	 	 	.9813	  	 	 	.9792	  	 	 	.9771	  
	 	82	  	 	 	*	  	 	 	.9947	  	 	 	.9941	  	 	 	.9935	  	 	 	.9928	  	 	 	.9922	  	 	 	.9914	  	 	 	.9906	  	 	 	.9898	  	 	 	.9889	  	 	 	.9878	  	 	 	.9866	  	 	 	.9853	  	 	 	.9839	  	 	 	.9823	  	 	 	.9804	  	 	 	.9784	  
	 	83	  	 	 	*	  	 	 	.9950	  	 	 	.9944	  	 	 	.9939	  	 	 	.9933	  	 	 	.9926	  	 	 	.9920	  	 	 	.9911	  	 	 	.9904	  	 	 	.9894	  	 	 	.9885	  	 	 	.9874	  	 	 	.9862	  	 	 	.9849	  	 	 	.9833	  	 	 	.9815	  	 	 	.9796	  
	 	84	  	 	 	*	  	 	 	.9953	  	 	 	.9948	  	 	 	.9942	  	 	 	.9936	  	 	 	.9930	  	 	 	.9924	  	 	 	.9916	  	 	 	.9909	  	 	 	.9900	  	 	 	.9891	  	 	 	.9882	  	 	 	.9870	  	 	 	.9857	  	 	 	.9842	  	 	 	.9827	  	 	 	.9808	  
	 	85	  	 	 	*	  	 	 	.9955	  	 	 	.9951	  	 	 	.9946	  	 	 	.9939	  	 	 	.9934	  	 	 	.9928	  	 	 	.9921	  	 	 	.9914	  	 	 	.9906	  	 	 	.9897	  	 	 	.9888	  	 	 	.9878	  	 	 	.9865	  	 	 	.9851	  	 	 	.9836	  	 	 	.9818	  

  
 20 

 APPENDICES 

TABLE F – 

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 

PENSIONER 
  

																																																																			
	Age
Of
Bene.	 	 	*
*
*	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	35	  	 	 	*	  	 	 	.8898	  	 	 	.8829	  	 	 	.8757	  	 	 	.8682	  	 	 	.8605	  	 	 	.8525	  	 	 	.8443	  	 	 	.8358	  	 	 	.8272	  	 	 	.8184	  	 	 	.8095	  	 	 	.8003	  	 	 	.7911	  	 	 	.7818	  	 	 	.7724	  
	 	36	  	 	 	*	  	 	 	.8908	  	 	 	.8840	  	 	 	.8768	  	 	 	.8693	  	 	 	.8615	  	 	 	.8535	  	 	 	.8453	  	 	 	.8368	  	 	 	.8282	  	 	 	.8194	  	 	 	.8104	  	 	 	.8013	  	 	 	.7920	  	 	 	.7826	  	 	 	.7732	  
	 	37	  	 	 	*	  	 	 	.8920	  	 	 	.8851	  	 	 	.8779	  	 	 	.8704	  	 	 	.8627	  	 	 	.8546	  	 	 	.8464	  	 	 	.8380	  	 	 	.8293	  	 	 	.8204	  	 	 	.8115	  	 	 	.8023	  	 	 	.7931	  	 	 	.7837	  	 	 	.7743	  
	 	38	  	 	 	*	  	 	 	.8932	  	 	 	.8862	  	 	 	.8791	  	 	 	.8715	  	 	 	.8638	  	 	 	.8558	  	 	 	.8475	  	 	 	.8391	  	 	 	.8305	  	 	 	.8216	  	 	 	.8127	  	 	 	.8034	  	 	 	.7942	  	 	 	.7848	  	 	 	.7753	  
	 	39	  	 	 	*	  	 	 	.8944	  	 	 	.8875	  	 	 	.8803	  	 	 	.8727	  	 	 	.8651	  	 	 	.8571	  	 	 	.8488	  	 	 	.8403	  	 	 	.8317	  	 	 	.8228	  	 	 	.8138	  	 	 	.8046	  	 	 	.7953	  	 	 	.7859	  	 	 	.7764	  
	 	40	  	 	 	*	  	 	 	.8956	  	 	 	.8888	  	 	 	.8816	  	 	 	.8742	  	 	 	.8663	  	 	 	.8583	  	 	 	.8501	  	 	 	.8416	  	 	 	.8330	  	 	 	.8240	  	 	 	.8150	  	 	 	.8058	  	 	 	.7965	  	 	 	.7871	  	 	 	.7775	  
	 	41	  	 	 	*	  	 	 	.8970	  	 	 	.8901	  	 	 	.8829	  	 	 	.8755	  	 	 	.8678	  	 	 	.8597	  	 	 	.8515	  	 	 	.8430	  	 	 	.8342	  	 	 	.8254	  	 	 	.8164	  	 	 	.8071	  	 	 	.7977	  	 	 	.7883	  	 	 	.7788	  
	 	42	  	 	 	*	  	 	 	.8984	  	 	 	.8916	  	 	 	.8844	  	 	 	.8769	  	 	 	.8691	  	 	 	.8612	  	 	 	.8528	  	 	 	.8444	  	 	 	.8356	  	 	 	.8268	  	 	 	.8177	  	 	 	.8085	  	 	 	.7991	  	 	 	.7896	  	 	 	.7800	  
	 	43	  	 	 	*	  	 	 	.8998	  	 	 	.8931	  	 	 	.8859	  	 	 	.8784	  	 	 	.8707	  	 	 	.8626	  	 	 	.8544	  	 	 	.8458	  	 	 	.8371	  	 	 	.8283	  	 	 	.8192	  	 	 	.8099	  	 	 	.8005	  	 	 	.7910	  	 	 	.7813	  
	 	44	  	 	 	*	  	 	 	.9014	  	 	 	.8946	  	 	 	.8874	  	 	 	.8800	  	 	 	.8722	  	 	 	.8642	  	 	 	.8559	  	 	 	.8474	  	 	 	.8387	  	 	 	.8298	  	 	 	.8207	  	 	 	.8114	  	 	 	.8020	  	 	 	.7924	  	 	 	.7828	  
	 	45	  	 	 	*	  	 	 	.9030	  	 	 	.8962	  	 	 	.8891	  	 	 	.8816	  	 	 	.8738	  	 	 	.8658	  	 	 	.8576	  	 	 	.8491	  	 	 	.8403	  	 	 	.8314	  	 	 	.8223	  	 	 	.8130	  	 	 	.8035	  	 	 	.7940	  	 	 	.7843	  
	 	46	  	 	 	*	  	 	 	.9046	  	 	 	.8978	  	 	 	.8908	  	 	 	.8833	  	 	 	.8756	  	 	 	.8676	  	 	 	.8593	  	 	 	.8508	  	 	 	.8420	  	 	 	.8331	  	 	 	.8241	  	 	 	.8147	  	 	 	.8052	  	 	 	.7956	  	 	 	.7859	  
	 	47	  	 	 	*	  	 	 	.9063	  	 	 	.8996	  	 	 	.8925	  	 	 	.8852	  	 	 	.8774	  	 	 	.8694	  	 	 	.8611	  	 	 	.8526	  	 	 	.8439	  	 	 	.8350	  	 	 	.8258	  	 	 	.8164	  	 	 	.8069	  	 	 	.7973	  	 	 	.7877	  
	 	48	  	 	 	*	  	 	 	.9081	  	 	 	.9013	  	 	 	.8944	  	 	 	.8870	  	 	 	.8792	  	 	 	.8713	  	 	 	.8630	  	 	 	.8545	  	 	 	.8457	  	 	 	.8368	  	 	 	.8277	  	 	 	.8184	  	 	 	.8088	  	 	 	.7992	  	 	 	.7894	  
	 	49	  	 	 	*	  	 	 	.9099	  	 	 	.9032	  	 	 	.8962	  	 	 	.8889	  	 	 	.8812	  	 	 	.8733	  	 	 	.8650	  	 	 	.8565	  	 	 	.8478	  	 	 	.8388	  	 	 	.8296	  	 	 	.8203	  	 	 	.8107	  	 	 	.8011	  	 	 	.7913	  
	 	50	  	 	 	*	  	 	 	.9118	  	 	 	.9052	  	 	 	.8982	  	 	 	.8909	  	 	 	.8833	  	 	 	.8754	  	 	 	.8671	  	 	 	.8586	  	 	 	.8498	  	 	 	.8409	  	 	 	.8318	  	 	 	.8224	  	 	 	.8127	  	 	 	.8030	  	 	 	.7932	  
	 	51	  	 	 	*	  	 	 	.9138	  	 	 	.9072	  	 	 	.9002	  	 	 	.8930	  	 	 	.8854	  	 	 	.8774	  	 	 	.8692	  	 	 	.8608	  	 	 	.8520	  	 	 	.8431	  	 	 	.8339	  	 	 	.8245	  	 	 	.8149	  	 	 	.8052	  	 	 	.7953	  
	 	52	  	 	 	*	  	 	 	.9158	  	 	 	.9092	  	 	 	.9023	  	 	 	.8951	  	 	 	.8876	  	 	 	.8796	  	 	 	.8714	  	 	 	.8630	  	 	 	.8542	  	 	 	.8454	  	 	 	.8362	  	 	 	.8268	  	 	 	.8172	  	 	 	.8074	  	 	 	.7975	  
	 	53	  	 	 	*	  	 	 	.9178	  	 	 	.9113	  	 	 	.9045	  	 	 	.8973	  	 	 	.8898	  	 	 	.8820	  	 	 	.8737	  	 	 	.8653	  	 	 	.8567	  	 	 	.8477	  	 	 	.8386	  	 	 	.8292	  	 	 	.8196	  	 	 	.8098	  	 	 	.7999	  
	 	54	  	 	 	*	  	 	 	.9199	  	 	 	.9135	  	 	 	.9067	  	 	 	.8996	  	 	 	.8922	  	 	 	.8843	  	 	 	.8762	  	 	 	.8678	  	 	 	.8591	  	 	 	.8502	  	 	 	.8411	  	 	 	.8317	  	 	 	.8220	  	 	 	.8122	  	 	 	.8023	  
	 	55	  	 	 	*	  	 	 	.9220	  	 	 	.9157	  	 	 	.9090	  	 	 	.9020	  	 	 	.8946	  	 	 	.8868	  	 	 	.8787	  	 	 	.8703	  	 	 	.8617	  	 	 	.8528	  	 	 	.8436	  	 	 	.8342	  	 	 	.8246	  	 	 	.8148	  	 	 	.8048	  
	 	56	  	 	 	*	  	 	 	.9242	  	 	 	.9180	  	 	 	.9113	  	 	 	.9044	  	 	 	.8970	  	 	 	.8892	  	 	 	.8812	  	 	 	.8730	  	 	 	.8644	  	 	 	.8554	  	 	 	.8463	  	 	 	.8370	  	 	 	.8274	  	 	 	.8176	  	 	 	.8076	  
	 	57	  	 	 	*	  	 	 	.9263	  	 	 	.9202	  	 	 	.9137	  	 	 	.9068	  	 	 	.8995	  	 	 	.8919	  	 	 	.8839	  	 	 	.8757	  	 	 	.8671	  	 	 	.8582	  	 	 	.8492	  	 	 	.8398	  	 	 	.8302	  	 	 	.8203	  	 	 	.8105	  
	 	58	  	 	 	*	  	 	 	.9285	  	 	 	.9225	  	 	 	.9160	  	 	 	.9093	  	 	 	.9021	  	 	 	.8945	  	 	 	.8866	  	 	 	.8785	  	 	 	.8699	  	 	 	.8611	  	 	 	.8521	  	 	 	.8427	  	 	 	.8331	  	 	 	.8234	  	 	 	.8134	  
	 	59	  	 	 	*	  	 	 	.9309	  	 	 	.9250	  	 	 	.9186	  	 	 	.9118	  	 	 	.9048	  	 	 	.8973	  	 	 	.8895	  	 	 	.8813	  	 	 	.8728	  	 	 	.8641	  	 	 	.8551	  	 	 	.8457	  	 	 	.8362	  	 	 	.8264	  	 	 	.8164	  
	 	60	  	 	 	*	  	 	 	.9331	  	 	 	.9273	  	 	 	.9210	  	 	 	.9144	  	 	 	.9074	  	 	 	.9001	  	 	 	.8922	  	 	 	.8842	  	 	 	.8758	  	 	 	.8672	  	 	 	.8582	  	 	 	.8490	  	 	 	.8394	  	 	 	.8296	  	 	 	.8196	  

  
 21 

 APPENDICES 

TABLE F – 

CONVERSION FROM 50% JOINT & SURVIVOR TO 100 % JOINT & SURVIVOR WITH POP UP 

CECONY Management Participants and CECONY Weekly Participants 

Not Applicable to CECONY Weekly Participants –1 

PENSIONER 
  

																																																																			
	Age
Of
Bene.	 	 	*
*
*	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	61	  	 	 	*	  	 	 	.9354	  	 	 	.9297	  	 	 	.9235	  	 	 	.9170	  	 	 	.9101	  	 	 	.9628	  	 	 	.8952	  	 	 	.8872	  	 	 	.8790	  	 	 	.8702	  	 	 	.8613	  	 	 	.8522	  	 	 	.8426	  	 	 	.8329	  	 	 	.8230	  
	 	62	  	 	 	*	  	 	 	.9377	  	 	 	.9320	  	 	 	.9261	  	 	 	.9197	  	 	 	.9129	  	 	 	.9057	  	 	 	.8982	  	 	 	8904	  	 	 	.8821	  	 	 	.8735	  	 	 	.8647	  	 	 	.8555	  	 	 	.8460	  	 	 	.8363	  	 	 	.8264	  
	 	63	  	 	 	*	  	 	 	.9399	  	 	 	.9345	  	 	 	.9286	  	 	 	.9224	  	 	 	.9156	  	 	 	.9087	  	 	 	.9012	  	 	 	.8934	  	 	 	.8853	  	 	 	.8768	  	 	 	.8680	  	 	 	.8589	  	 	 	.8495	  	 	 	.8398	  	 	 	.8299	  
	 	64	  	 	 	*	  	 	 	.9423	  	 	 	.9369	  	 	 	.9312	  	 	 	.9250	  	 	 	.9185	  	 	 	.9115	  	 	 	.9042	  	 	 	.8966	  	 	 	.8885	  	 	 	.8801	  	 	 	.8715	  	 	 	.8624	  	 	 	.8531	  	 	 	.8434.	  	 	 	.8336	  
	 	65	  	 	 	*	  	 	 	.9445	  	 	 	.9392	  	 	 	.9337	  	 	 	.9277	  	 	 	.9213	  	 	 	.9144	  	 	 	.9073	  	 	 	.8998	  	 	 	.8918	  	 	 	.8836	  	 	 	.8750	  	 	 	.8661	  	 	 	8567	  	 	 	.8472	  	 	 	.8374	  
	 	66	  	 	 	*	  	 	 	.9467	  	 	 	.9416	  	 	 	.9362	  	 	 	.9303	  	 	 	.9241	  	 	 	.9174	  	 	 	.9104	  	 	 	.9030	  	 	 	.8952	  	 	 	.8870	  	 	 	.8785	  	 	 	.8696	  	 	 	.8605	  	 	 	.8510	  	 	 	.8412	  
	 	67	  	 	 	*	  	 	 	.9489	  	 	 	.9440	  	 	 	.9387	  	 	 	.9330	  	 	 	.9269	  	 	 	.9204	  	 	 	.9135	  	 	 	.9062	  	 	 	.8986	  	 	 	.8905	  	 	 	.8821	  	 	 	.8734	  	 	 	.8642	  	 	 	.8549	  	 	 	.8451	  
	 	68	  	 	 	*	  	 	 	.9511	  	 	 	.9463	  	 	 	.9411	  	 	 	.9356	  	 	 	.9297	  	 	 	.9234	  	 	 	.9166	  	 	 	.9095	  	 	 	.9019	  	 	 	.8941	  	 	 	.8858	  	 	 	.8772	  	 	 	.8681	  	 	 	.8588	  	 	 	.8493	  
	 	69	  	 	 	*	  	 	 	.9532	  	 	 	.9486	  	 	 	.9436	  	 	 	.9382	  	 	 	.9324	  	 	 	.9262	  	 	 	.9197	  	 	 	.9128	  	 	 	.9053	  	 	 	.8976	  	 	 	.8895	  	 	 	.8809	  	 	 	.8720	  	 	 	.8629	  	 	 	.8533	  
	 	70	  	 	 	*	  	 	 	.9553	  	 	 	9509	  	 	 	.9461	  	 	 	.9409	  	 	 	.9353	  	 	 	.9292	  	 	 	.9227	  	 	 	.9159	  	 	 	.9087	  	 	 	.9011	  	 	 	.8931	  	 	 	.8847	  	 	 	.8760	  	 	 	.8669	  	 	 	.8575	  
	 	71	  	 	 	*	  	 	 	.9573	  	 	 	.9531	  	 	 	.9484	  	 	 	.9434	  	 	 	.9379	  	 	 	.9320	  	 	 	.9258	  	 	 	.9192	  	 	 	.9121	  	 	 	.9046	  	 	 	.8968	  	 	 	.8886	  	 	 	.8800	  	 	 	.8710	  	 	 	.8617	  
	 	72	  	 	 	*	  	 	 	.9593	  	 	 	.9552	  	 	 	.9507	  	 	 	.9459	  	 	 	.9406	  	 	 	.9349	  	 	 	.9289	  	 	 	.9224	  	 	 	.9154	  	 	 	.9082	  	 	 	.9006	  	 	 	.8925	  	 	 	.8840	  	 	 	.8752	  	 	 	.8660	  
	 	73	  	 	 	*	  	 	 	.9612	  	 	 	.9573	  	 	 	.9530	  	 	 	.9483	  	 	 	.9432	  	 	 	.9377	  	 	 	.9318	  	 	 	.9254	  	 	 	.9189	  	 	 	.9117	  	 	 	.9043	  	 	 	.8963	  	 	 	.8880	  	 	 	.8794	  	 	 	.8702	  
	 	74	  	 	 	*	  	 	 	.9631	  	 	 	.9594	  	 	 	.9553	  	 	 	.9507	  	 	 	.9458	  	 	 	.9405	  	 	 	.9348	  	 	 	.9286	  	 	 	.9221	  	 	 	.9152	  	 	 	.9080	  	 	 	.9001	  	 	 	.8920	  	 	 	.8835	  	 	 	.8746	  
	 	75	  	 	 	*	  	 	 	.9649	  	 	 	.9614	  	 	 	.9575	  	 	 	.9531	  	 	 	.9482	  	 	 	.9432	  	 	 	.9376	  	 	 	.9317	  	 	 	.9254	  	 	 	.9186	  	 	 	.9115	  	 	 	.9039	  	 	 	.8960	  	 	 	.8876	  	 	 	.8789	  
	 	76	  	 	 	*	  	 	 	.9667	  	 	 	.9633	  	 	 	.9594	  	 	 	.9553	  	 	 	.9508	  	 	 	.9457	  	 	 	.9404	  	 	 	.9347	  	 	 	.9285	  	 	 	.9221	  	 	 	.9151	  	 	 	.9077	  	 	 	.9000	  	 	 	.8918	  	 	 	.8832	  
	 	77	  	 	 	*	  	 	 	.9685	  	 	 	.9652	  	 	 	.9615	  	 	 	.9575	  	 	 	.9531	  	 	 	.9483	  	 	 	.9432	  	 	 	.9376	  	 	 	.9318	  	 	 	.9254	  	 	 	.9187	  	 	 	.9114	  	 	 	.9039	  	 	 	.8960	  	 	 	.8875	  
	 	78	  	 	 	*	  	 	 	.9701	  	 	 	.9669	  	 	 	.9634	  	 	 	.9597	  	 	 	.9554	  	 	 	.9508	  	 	 	.9458	  	 	 	.9405	  	 	 	.9348	  	 	 	.9287	  	 	 	.9221	  	 	 	.9153	  	 	 	.9078	  	 	 	.9000	  	 	 	.8918	  
	 	79	  	 	 	*	  	 	 	.9717	  	 	 	.9687	  	 	 	.9653	  	 	 	.9616	  	 	 	.9576	  	 	 	.9532	  	 	 	.9485	  	 	 	.9434	  	 	 	.9378	  	 	 	.9319	  	 	 	.9255	  	 	 	.9189	  	 	 	.9116	  	 	 	.9040.	  	 	 	.8960	  
	 	80	  	 	 	*	  	 	 	.9732	  	 	 	.9703	  	 	 	.9672	  	 	 	.9636	  	 	 	.9598	  	 	 	.9556	  	 	 	.9510	  	 	 	.9460	  	 	 	.9407	  	 	 	.9350	  	 	 	.9288	  	 	 	.9223	  	 	 	.9154	  	 	 	.9079	  	 	 	.9001	  
	 	81	  	 	 	*	  	 	 	.9747	  	 	 	.9720	  	 	 	.9690	  	 	 	.9656	  	 	 	.9618	  	 	 	.9579	  	 	 	.9534	  	 	 	.9487	  	 	 	.9435	  	 	 	.9380	  	 	 	.9322	  	 	 	.9258	  	 	 	.9191	  	 	 	.9118	  	 	 	.9042	  
	 	82	  	 	 	*	  	 	 	.9760	  	 	 	.9735	  	 	 	.9706	  	 	 	.9674	  	 	 	.9639	  	 	 	.9600	  	 	 	.9558	  	 	 	.9512	  	 	 	.9463	  	 	 	.9411	  	 	 	.9354	  	 	 	.9292	  	 	 	.9227	  	 	 	.9157	  	 	 	.9083	  
	 	83	  	 	 	*	  	 	 	.9774	  	 	 	.9749	  	 	 	.9722	  	 	 	.9691	  	 	 	.9658	  	 	 	.9621	  	 	 	.9581	  	 	 	.9537	  	 	 	.9491	  	 	 	.9439	  	 	 	.9386	  	 	 	.9326	  	 	 	.9263	  	 	 	.9195	  	 	 	.9123	  
	 	84	  	 	 	*	  	 	 	9787	  	 	 	.9764	  	 	 	.9737	  	 	 	.9709	  	 	 	.9676	  	 	 	.9641	  	 	 	.9603	  	 	 	.9562	  	 	 	.9516	  	 	 	.9469	  	 	 	.9416	  	 	 	.9359	  	 	 	.9297	  	 	 	.9232	  	 	 	.9163	  
	 	85	  	 	 	*	  	 	 	.9799	  	 	 	.9777	  	 	 	.9753	  	 	 	.9725	  	 	 	.9695	  	 	 	.9661	  	 	 	.9625	  	 	 	.9585	  	 	 	.9543	  	 	 	.9495	  	 	 	.9445	  	 	 	.9390	  	 	 	.9333.	  	 	 	.9269	  	 	 	.9202	  

  
 22 

 Sub appendix A. 1 

TABLE G – 
 Factor for Level
Income 
 CECONY Participants 

Whose Distributions Began 
 Before
January 1, 2005 
 Table G is no longer current; Table G applied to distributions before January 1, 2005. 

See prior Retirement Plan for historical factors 

See the Plan Part I, Article V, for updates 

  
 23 

 APPENDICES 

TABLE H-1 
 Consolidated
Edison Retirement Plan 
 Option Factors Applicable to CECONY Participants only 

Not Applicable to CECONY Weekly-1 or CEI Participants 

75% Joint and Survivor Without Popup 
  

																																																																																	
	 	 	 	 	 	PENSIONER’S AGE	 
	 

  
  

 
  
	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 
	 	 	25	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9891	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9850	  	 	 	0.9838	  	 	 	0.9825	  	 	 	0.9812	  
	 	 	26	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9864	  	 	 	0.9853	  	 	 	0.9841	  	 	 	0.9828	  	 	 	0.9814	  
	 	 	27	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9855	  	 	 	0.9844	  	 	 	0.9831	  	 	 	0.9817	  
	 	 	28	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9869	  	 	 	0.9858	  	 	 	0.9846	  	 	 	0.9834	  	 	 	0.9820	  
	 	 	29	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9849	  	 	 	0.9837	  	 	 	0.9824	  
	 	 	30	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9840	  	 	 	0.9827	  
	 	 	31	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9867	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9830	  
	 	 	32	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9834	  
	 	 	33	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9873	  	 	 	0.9862	  	 	 	0.9850	  	 	 	0.9837	  
	 	 	34	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9854	  	 	 	0.9841	  
	 	 	35	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9880	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9845	  
	 	 	36	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9849	  
	 	 	37	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9853	  
	 	 	38	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9857	  
	 	 	39	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9861	  
	 	 	40	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9865	  
	 	 	41	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9869	  
	 	 	42	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9873	  
	 	 	43	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9878	  
	 	 	44	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  
	 	 	45	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  
	 	 	46	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  
	 	 	47	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  
	 	 	48	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  
	 	 	49	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  
	 	 	50	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  
	 	 	51	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9911	  
	 	 	52	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  
	 	 	53	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  
	 	 	54	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  
	 	 	55	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  

  
 24 

 APPENDICES 
  

 TABLE H-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option Factors Applicable to CECONY Participants only 

Not Applicable to CECONY Weekly-1 or CEI Participants 

75% Joint and Survivor Without Popup 
  

																																																																																					
	 	 	 	 	 	PENSIONER’S AGE	 	 	 	 
	  
 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	 	 
	 	 	56	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  
	 	 	57	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  
	 	 	58	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  
	 	 	59	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9935	  
	 	 	60	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  
	 	 	61	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  
	 	 	62	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  
	 	 	63	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9950	  
	 	 	64	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9953	  
	 	 	65	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  
	 	 	66	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  
	 	 	67	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  
	 	 	68	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  
	 	 	69	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  
	 	 	70	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9969	  
	 	 	71	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  
	 	 	72	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  
	 	 	73	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  
	 	 	74	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  
	 	 	75	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  
	 	 	76	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  
	 	 	77	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  
	 	 	78	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  
	 	 	79	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  
	 	 	80	  	 	 	0.9998	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  
	 	 	81	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9988	  
	 	 	82	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  
	 	 	83	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  
	 	 	84	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  
	 	 	85	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9998	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  

  
 25 

 APPENDICES 
  

 TABLE H-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option Factors Applicable to CECONY Participants only 

Not Applicable to CECONY Weekly-1 or CEI Participants 

75% Joint and Survivor Without Popup 
  

																																																																																	
	 	 	 	 	 	PENSIONER’S AGE	 
	  
 

	 	 	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 	 	62	 
	 	 	25	  	 	 	0.9797	  	 	 	0.9782	  	 	 	0.9765	  	 	 	0.9748	  	 	 	0.9730	  	 	 	0.9710	  	 	 	0.9690	  	 	 	0.9669	  	 	 	0.9646	  	 	 	0.9622	  	 	 	0.9597	  	 	 	0.9570	  	 	 	0.9542	  	 	 	0.9512	  	 	 	0.9480	  	 	 	0.9447	  	 	 	0.9411	  	 	 	0.9374	  	 	 	0.9335	  
	 	 	26	  	 	 	0.9800	  	 	 	0.9785	  	 	 	0.9768	  	 	 	0.9751	  	 	 	0.9733	  	 	 	0.9714	  	 	 	0.9693	  	 	 	0.9672	  	 	 	0.9649	  	 	 	0.9625	  	 	 	0.9600	  	 	 	0.9574	  	 	 	0.9545	  	 	 	0.9515	  	 	 	0.9484	  	 	 	0.9450	  	 	 	0.9415	  	 	 	0.9378	  	 	 	0.9339	  
	 	 	27	  	 	 	0.9803	  	 	 	0.9788	  	 	 	0.9771	  	 	 	0.9754	  	 	 	0.9736	  	 	 	0.9717	  	 	 	0.9697	  	 	 	0.9675	  	 	 	0.9653	  	 	 	0.9629	  	 	 	0.9604	  	 	 	0.9577	  	 	 	0.9549	  	 	 	0.9519	  	 	 	0.9488	  	 	 	0.9454	  	 	 	0.9419	  	 	 	0.9382	  	 	 	0.9343	  
	 	 	28	  	 	 	0.9806	  	 	 	0.9791	  	 	 	0.9775	  	 	 	0.9758	  	 	 	0.9740	  	 	 	0.9721	  	 	 	0.9700	  	 	 	0.9679	  	 	 	0.9657	  	 	 	0.9633	  	 	 	0.9608	  	 	 	0.9581	  	 	 	0.9553	  	 	 	0.9523	  	 	 	0.9492	  	 	 	0.9458	  	 	 	0.9423	  	 	 	0.9386	  	 	 	0.9347	  
	 	 	29	  	 	 	0.9809	  	 	 	0.9794	  	 	 	0.9778	  	 	 	0.9761	  	 	 	0.9743	  	 	 	0.9724	  	 	 	0.9704	  	 	 	0.9683	  	 	 	0.9661	  	 	 	0.9637	  	 	 	0.9612	  	 	 	0.9585	  	 	 	0.9557	  	 	 	0.9528	  	 	 	0.9496	  	 	 	0.9463	  	 	 	0.9428	  	 	 	0.9390	  	 	 	0.9351	  
	 	 	30	  	 	 	0.9813	  	 	 	0.9798	  	 	 	0.9782	  	 	 	0.9765	  	 	 	0.9747	  	 	 	0.9728	  	 	 	0.9708	  	 	 	0.9687	  	 	 	0.9665	  	 	 	0.9641	  	 	 	0.9616	  	 	 	0.9590	  	 	 	0.9562	  	 	 	0.9532	  	 	 	0.9501	  	 	 	0.9467	  	 	 	0.9432	  	 	 	0.9395	  	 	 	0.9356	  
	 	 	31	  	 	 	0.9816	  	 	 	0.9801	  	 	 	0.9786	  	 	 	0.9769	  	 	 	0.9751	  	 	 	0.9732	  	 	 	0.9712	  	 	 	0.9691	  	 	 	0.9669	  	 	 	0.9646	  	 	 	0.9621	  	 	 	0.9594	  	 	 	0.9566	  	 	 	0.9537	  	 	 	0.9505	  	 	 	0.9472	  	 	 	0.9437	  	 	 	0.9400	  	 	 	0.9361	  
	 	 	32	  	 	 	0.9820	  	 	 	0.9805	  	 	 	0.9790	  	 	 	0.9773	  	 	 	0.9755	  	 	 	0.9737	  	 	 	0.9717	  	 	 	0.9696	  	 	 	0.9674	  	 	 	0.9650	  	 	 	0.9626	  	 	 	0.9599	  	 	 	0.9571	  	 	 	0.9542	  	 	 	0.9510	  	 	 	0.9477	  	 	 	0.9442	  	 	 	0.9405	  	 	 	0.9366	  
	 	 	33	  	 	 	0.9824	  	 	 	0.9809	  	 	 	0.9794	  	 	 	0.9777	  	 	 	0.9760	  	 	 	0.9741	  	 	 	0.9721	  	 	 	0.9701	  	 	 	0.9679	  	 	 	0.9655	  	 	 	0.9631	  	 	 	0.9604	  	 	 	0.9577	  	 	 	0.9547	  	 	 	0.9516	  	 	 	0.9483	  	 	 	0.9448	  	 	 	0.9411	  	 	 	0.9372	  
	 	 	34	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9798	  	 	 	0.9781	  	 	 	0.9764	  	 	 	0.9746	  	 	 	0.9726	  	 	 	0.9706	  	 	 	0.9684	  	 	 	0.9660	  	 	 	0.9636	  	 	 	0.9610	  	 	 	0.9582	  	 	 	0.9553	  	 	 	0.9521	  	 	 	0.9488	  	 	 	0.9453	  	 	 	0.9416	  	 	 	0.9378	  
	 	 	35	  	 	 	0.9831	  	 	 	0.9817	  	 	 	0.9802	  	 	 	0.9786	  	 	 	0.9769	  	 	 	0.9750	  	 	 	0.9731	  	 	 	0.9711	  	 	 	0.9689	  	 	 	0.9666	  	 	 	0.9641	  	 	 	0.9615	  	 	 	0.9588	  	 	 	0.9558	  	 	 	0.9527	  	 	 	0.9494	  	 	 	0.9459	  	 	 	0.9423	  	 	 	0.9384	  
	 	 	36	  	 	 	0.9836	  	 	 	0.9821	  	 	 	0.9806	  	 	 	0.9790	  	 	 	0.9773	  	 	 	0.9755	  	 	 	0.9736	  	 	 	0.9716	  	 	 	0.9694	  	 	 	0.9671	  	 	 	0.9647	  	 	 	0.9621	  	 	 	0.9594	  	 	 	0.9564	  	 	 	0.9533	  	 	 	0.9501	  	 	 	0.9466	  	 	 	0.9429	  	 	 	0.9390	  
	 	 	37	  	 	 	0.9840	  	 	 	0.9826	  	 	 	0.9811	  	 	 	0.9795	  	 	 	0.9778	  	 	 	0.9760	  	 	 	0.9742	  	 	 	0.9721	  	 	 	0.9700	  	 	 	0.9677	  	 	 	0.9653	  	 	 	0.9627	  	 	 	0.9600	  	 	 	0.9571	  	 	 	0.9540	  	 	 	0.9507	  	 	 	0.9473	  	 	 	0.9436	  	 	 	0.9397	  
	 	 	38	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9816	  	 	 	0.9800	  	 	 	0.9783	  	 	 	0.9766	  	 	 	0.9747	  	 	 	0.9727	  	 	 	0.9706	  	 	 	0.9683	  	 	 	0.9659	  	 	 	0.9634	  	 	 	0.9606	  	 	 	0.9578	  	 	 	0.9547	  	 	 	0.9514	  	 	 	0.9480	  	 	 	0.9443	  	 	 	0.9404	  
	 	 	39	  	 	 	0.9848	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9805	  	 	 	0.9789	  	 	 	0.9771	  	 	 	0.9753	  	 	 	0.9733	  	 	 	0.9712	  	 	 	0.9690	  	 	 	0.9666	  	 	 	0.9640	  	 	 	0.9613	  	 	 	0.9585	  	 	 	0.9554	  	 	 	0.9521	  	 	 	0.9487	  	 	 	0.9451	  	 	 	0.9412	  
	 	 	40	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9825	  	 	 	0.9810	  	 	 	0.9794	  	 	 	0.9777	  	 	 	0.9759	  	 	 	0.9739	  	 	 	0.9718	  	 	 	0.9696	  	 	 	0.9672	  	 	 	0.9647	  	 	 	0.9620	  	 	 	0.9592	  	 	 	0.9561	  	 	 	0.9529	  	 	 	0.9495	  	 	 	0.9458	  	 	 	0.9420	  
	 	 	41	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9815	  	 	 	0.9800	  	 	 	0.9783	  	 	 	0.9765	  	 	 	0.9745	  	 	 	0.9725	  	 	 	0.9703	  	 	 	0.9679	  	 	 	0.9654	  	 	 	0.9628	  	 	 	0.9599	  	 	 	0.9569	  	 	 	0.9537	  	 	 	0.9503	  	 	 	0.9467	  	 	 	0.9428	  
	 	 	42	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9821	  	 	 	0.9805	  	 	 	0.9788	  	 	 	0.9771	  	 	 	0.9752	  	 	 	0.9731	  	 	 	0.9710	  	 	 	0.9687	  	 	 	0.9662	  	 	 	0.9636	  	 	 	0.9607	  	 	 	0.9577	  	 	 	0.9545	  	 	 	0.9511	  	 	 	0.9475	  	 	 	0.9437	  
	 	 	43	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9826	  	 	 	0.9811	  	 	 	0.9794	  	 	 	0.9777	  	 	 	0.9758	  	 	 	0.9738	  	 	 	0.9717	  	 	 	0.9694	  	 	 	0.9670	  	 	 	0.9643	  	 	 	0.9616	  	 	 	0.9586	  	 	 	0.9554	  	 	 	0.9520	  	 	 	0.9484	  	 	 	0.9447	  
	 	 	44	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9765	  	 	 	0.9745	  	 	 	0.9724	  	 	 	0.9702	  	 	 	0.9678	  	 	 	0.9652	  	 	 	0.9624	  	 	 	0.9595	  	 	 	0.9563	  	 	 	0.9529	  	 	 	0.9494	  	 	 	0.9456	  
	 	 	45	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9752	  	 	 	0.9732	  	 	 	0.9710	  	 	 	0.9686	  	 	 	0.9660	  	 	 	0.9633	  	 	 	0.9604	  	 	 	0.9572	  	 	 	0.9539	  	 	 	0.9504	  	 	 	0.9466	  
	 	 	46	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9739	  	 	 	0.9718	  	 	 	0.9694	  	 	 	0.9669	  	 	 	0.9642	  	 	 	0.9613	  	 	 	0.9582	  	 	 	0.9549	  	 	 	0.9514	  	 	 	0.9477	  
	 	 	47	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9819	  	 	 	0.9803	  	 	 	0.9786	  	 	 	0.9767	  	 	 	0.9747	  	 	 	0.9726	  	 	 	0.9703	  	 	 	0.9678	  	 	 	0.9651	  	 	 	0.9623	  	 	 	0.9592	  	 	 	0.9559	  	 	 	0.9524	  	 	 	0.9487	  
	 	 	48	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9775	  	 	 	0.9755	  	 	 	0.9734	  	 	 	0.9711	  	 	 	0.9687	  	 	 	0.9661	  	 	 	0.9633	  	 	 	0.9602	  	 	 	0.9570	  	 	 	0.9535	  	 	 	0.9499	  
	 	 	49	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9783	  	 	 	0.9763	  	 	 	0.9743	  	 	 	0.9720	  	 	 	0.9696	  	 	 	0.9671	  	 	 	0.9643	  	 	 	0.9613	  	 	 	0.9581	  	 	 	0.9547	  	 	 	0.9510	  
	 	 	50	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9729	  	 	 	0.9706	  	 	 	0.9681	  	 	 	0.9653	  	 	 	0.9624	  	 	 	0.9592	  	 	 	0.9558	  	 	 	0.9522	  
	 	 	51	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9798	  	 	 	0.9780	  	 	 	0.9760	  	 	 	0.9739	  	 	 	0.9716	  	 	 	0.9691	  	 	 	0.9664	  	 	 	0.9635	  	 	 	0.9604	  	 	 	0.9570	  	 	 	0.9535	  
	 	 	52	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9675	  	 	 	0.9646	  	 	 	0.9616	  	 	 	0.9583	  	 	 	0.9548	  
	 	 	53	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9712	  	 	 	0.9686	  	 	 	0.9658	  	 	 	0.9628	  	 	 	0.9595	  	 	 	0.9561	  
	 	 	54	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9787	  	 	 	0.9767	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9697	  	 	 	0.9670	  	 	 	0.9640	  	 	 	0.9608	  	 	 	0.9574	  
	 	 	55	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9777	  	 	 	0.9756	  	 	 	0.9733	  	 	 	0.9708	  	 	 	0.9682	  	 	 	0.9653	  	 	 	0.9622	  	 	 	0.9588	  

  
 26 

 APPENDICES 
  

 TABLE H-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option Factors Applicable to CECONY Participants only 

Not Applicable to CECONY Weekly-1 or CEI Participants 

75% Joint and Survivor Without Popup 
  

																																																																																	
	 	 	 	 	 	PENSIONER’S AGE	 
	 

	 	 	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	 61
	 	 	62	 
	 	 	56	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9720	  	 	 	0.9694	  	 	 	0.9666	  	 	 	0.9635	  	 	 	0.9602	  
	 	 	57	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9776	  	 	 	0.9755	  	 	 	0.9732	  	 	 	0.9706	  	 	 	0.9679	  	 	 	0.9649	  	 	 	0.9617	  
	 	 	58	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9663	  	 	 	0.9631	  
	 	 	59	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9677	  	 	 	0.9646	  
	 	 	60	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9719	  	 	 	0.9691	  	 	 	0.9661	  
	 	 	61	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9756	  	 	 	0.9732	  	 	 	0.9705	  	 	 	0.9677	  
	 	 	62	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9745	  	 	 	0.9720	  	 	 	0.9692	  
	 	 	63	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9734	  	 	 	0.9707	  
	 	 	64	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9748	  	 	 	0.9722	  
	 	 	65	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9762	  	 	 	0.9737	  
	 	 	66	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9776	  	 	 	0.9752	  
	 	 	67	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9789	  	 	 	0.9766	  
	 	 	68	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9822	  	 	 	0.9802	  	 	 	0.9781	  
	 	 	69	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9834	  	 	 	0.9815	  	 	 	0.9795	  
	 	 	70	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9808	  
	 	 	71	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9871	  	 	 	0.9856	  	 	 	0.9840	  	 	 	0.9821	  
	 	 	72	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9866	  	 	 	0.9851	  	 	 	0.9834	  
	 	 	73	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9862	  	 	 	0.9846	  
	 	 	74	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9886	  	 	 	0.9873	  	 	 	0.9858	  
	 	 	75	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9869	  
	 	 	76	  	 	 	0.9982	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9892	  	 	 	0.9879	  
	 	 	77	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9901	  	 	 	0.9889	  
	 	 	78	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9898	  
	 	 	79	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9907	  
	 	 	80	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9915	  
	 	 	81	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9939	  	 	 	0.9931	  	 	 	0.9923	  
	 	 	82	  	 	 	0.9990	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9938	  	 	 	0.9930	  
	 	 	83	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9943	  	 	 	0.9936	  
	 	 	84	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9949	  	 	 	0.9942	  
	 	 	85	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9948	  

  
 27 

 APPENDICES 
  

 TABLE H-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option Factors Applicable to CECONY Participants only 

Not Applicable to CECONY Weekly-1 or CEI Participants 

75% Joint and Survivor Without Popup 
  

																																																									
	 	 	 	 	 	PENSIONER’S AGE	 
	  
 

	 	 	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.9294	  	 	 	0.9252	  	 	 	0.9207	  	 	 	0.9161	  	 	 	0.9113	  	 	 	0.9063	  	 	 	0.9012	  	 	 	0.8959	  	 	 	0.8905	  	 	 	0.8850	  	 	 	0.8793	  	 	 	0.8735	  	 	 	0.8676	  
	 	 	26	  	 	 	0.9298	  	 	 	0.9255	  	 	 	0.9211	  	 	 	0.9164	  	 	 	0.9116	  	 	 	0.9066	  	 	 	0.9015	  	 	 	0.8963	  	 	 	0.8909	  	 	 	0.8853	  	 	 	0.8796	  	 	 	0.8738	  	 	 	0.8679	  
	 	 	27	  	 	 	0.9302	  	 	 	0.9259	  	 	 	0.9215	  	 	 	0.9168	  	 	 	0.9120	  	 	 	0.9070	  	 	 	0.9019	  	 	 	0.8966	  	 	 	0.8912	  	 	 	0.8857	  	 	 	0.8800	  	 	 	0.8742	  	 	 	0.8683	  
	 	 	28	  	 	 	0.9306	  	 	 	0.9263	  	 	 	0.9219	  	 	 	0.9172	  	 	 	0.9124	  	 	 	0.9074	  	 	 	0.9023	  	 	 	0.8970	  	 	 	0.8916	  	 	 	0.8861	  	 	 	0.8804	  	 	 	0.8745	  	 	 	0.8686	  
	 	 	29	  	 	 	0.9311	  	 	 	0.9268	  	 	 	0.9223	  	 	 	0.9177	  	 	 	0.9129	  	 	 	0.9079	  	 	 	0.9027	  	 	 	0.8975	  	 	 	0.8920	  	 	 	0.8865	  	 	 	0.8808	  	 	 	0.8750	  	 	 	0.8690	  
	 	 	30	  	 	 	0.9315	  	 	 	0.9272	  	 	 	0.9228	  	 	 	0.9181	  	 	 	0.9133	  	 	 	0.9083	  	 	 	0.9032	  	 	 	0.8979	  	 	 	0.8925	  	 	 	0.8869	  	 	 	0.8812	  	 	 	0.8754	  	 	 	0.8695	  
	 	 	31	  	 	 	0.9320	  	 	 	0.9277	  	 	 	0.9233	  	 	 	0.9186	  	 	 	0.9138	  	 	 	0.9088	  	 	 	0.9037	  	 	 	0.8984	  	 	 	0.8930	  	 	 	0.8874	  	 	 	0.8817	  	 	 	0.8758	  	 	 	0.8699	  
	 	 	32	  	 	 	0.9325	  	 	 	0.9283	  	 	 	0.9238	  	 	 	0.9192	  	 	 	0.9143	  	 	 	0.9094	  	 	 	0.9042	  	 	 	0.8989	  	 	 	0.8935	  	 	 	0.8879	  	 	 	0.8822	  	 	 	0.8763	  	 	 	0.8704	  
	 	 	33	  	 	 	0.9331	  	 	 	0.9288	  	 	 	0.9244	  	 	 	0.9197	  	 	 	0.9149	  	 	 	0.9099	  	 	 	0.9048	  	 	 	0.8995	  	 	 	0.8940	  	 	 	0.8884	  	 	 	0.8827	  	 	 	0.8769	  	 	 	0.8709	  
	 	 	34	  	 	 	0.9337	  	 	 	0.9294	  	 	 	0.9249	  	 	 	0.9203	  	 	 	0.9155	  	 	 	0.9105	  	 	 	0.9054	  	 	 	0.9001	  	 	 	0.8946	  	 	 	0.8890	  	 	 	0.8833	  	 	 	0.8774	  	 	 	0.8715	  
	 	 	35	  	 	 	0.9343	  	 	 	0.9300	  	 	 	0.9256	  	 	 	0.9209	  	 	 	0.9161	  	 	 	0.9111	  	 	 	0.9060	  	 	 	0.9007	  	 	 	0.8952	  	 	 	0.8896	  	 	 	0.8839	  	 	 	0.8780	  	 	 	0.8720	  
	 	 	36	  	 	 	0.9350	  	 	 	0.9307	  	 	 	0.9262	  	 	 	0.9216	  	 	 	0.9168	  	 	 	0.9118	  	 	 	0.9066	  	 	 	0.9013	  	 	 	0.8959	  	 	 	0.8903	  	 	 	0.8845	  	 	 	0.8786	  	 	 	0.8727	  
	 	 	37	  	 	 	0.9357	  	 	 	0.9314	  	 	 	0.9269	  	 	 	0.9223	  	 	 	0.9175	  	 	 	0.9125	  	 	 	0.9073	  	 	 	0.9020	  	 	 	0.8966	  	 	 	0.8910	  	 	 	0.8852	  	 	 	0.8793	  	 	 	0.8733	  
	 	 	38	  	 	 	0.9364	  	 	 	0.9321	  	 	 	0.9277	  	 	 	0.9230	  	 	 	0.9182	  	 	 	0.9132	  	 	 	0.9081	  	 	 	0.9028	  	 	 	0.8973	  	 	 	0.8917	  	 	 	0.8859	  	 	 	0.8800	  	 	 	0.8740	  
	 	 	39	  	 	 	0.9372	  	 	 	0.9329	  	 	 	0.9285	  	 	 	0.9238	  	 	 	0.9190	  	 	 	0.9140	  	 	 	0.9089	  	 	 	0.9036	  	 	 	0.8981	  	 	 	0.8925	  	 	 	0.8867	  	 	 	0.8808	  	 	 	0.8748	  
	 	 	40	  	 	 	0.9380	  	 	 	0.9337	  	 	 	0.9293	  	 	 	0.9247	  	 	 	0.9198	  	 	 	0.9149	  	 	 	0.9097	  	 	 	0.9044	  	 	 	0.8989	  	 	 	0.8933	  	 	 	0.8875	  	 	 	0.8816	  	 	 	0.8756	  
	 	 	41	  	 	 	0.9388	  	 	 	0.9346	  	 	 	0.9302	  	 	 	0.9255	  	 	 	0.9207	  	 	 	0.9157	  	 	 	0.9106	  	 	 	0.9053	  	 	 	0.8998	  	 	 	0.8942	  	 	 	0.8884	  	 	 	0.8825	  	 	 	0.8764	  
	 	 	42	  	 	 	0.9397	  	 	 	0.9355	  	 	 	0.9311	  	 	 	0.9265	  	 	 	0.9216	  	 	 	0.9167	  	 	 	0.9115	  	 	 	0.9062	  	 	 	0.9007	  	 	 	0.8951	  	 	 	0.8893	  	 	 	0.8834	  	 	 	0.8773	  
	 	 	43	  	 	 	0.9406	  	 	 	0.9364	  	 	 	0.9320	  	 	 	0.9274	  	 	 	0.9226	  	 	 	0.9176	  	 	 	0.9125	  	 	 	0.9072	  	 	 	0.9017	  	 	 	0.8961	  	 	 	0.8903	  	 	 	0.8843	  	 	 	0.8783	  
	 	 	44	  	 	 	0.9416	  	 	 	0.9374	  	 	 	0.9330	  	 	 	0.9284	  	 	 	0.9237	  	 	 	0.9187	  	 	 	0.9135	  	 	 	0.9082	  	 	 	0.9027	  	 	 	0.8971	  	 	 	0.8913	  	 	 	0.8853	  	 	 	0.8793	  
	 	 	45	  	 	 	0.9427	  	 	 	0.9385	  	 	 	0.9341	  	 	 	0.9295	  	 	 	0.9247	  	 	 	0.9198	  	 	 	0.9146	  	 	 	0.9093	  	 	 	0.9038	  	 	 	0.8982	  	 	 	0.8924	  	 	 	0.8864	  	 	 	0.8803	  
	 	 	46	  	 	 	0.9437	  	 	 	0.9396	  	 	 	0.9352	  	 	 	0.9306	  	 	 	0.9259	  	 	 	0.9209	  	 	 	0.9158	  	 	 	0.9105	  	 	 	0.9050	  	 	 	0.8993	  	 	 	0.8935	  	 	 	0.8875	  	 	 	0.8815	  
	 	 	47	  	 	 	0.9448	  	 	 	0.9407	  	 	 	0.9363	  	 	 	0.9318	  	 	 	0.9270	  	 	 	0.9221	  	 	 	0.9170	  	 	 	0.9117	  	 	 	0.9062	  	 	 	0.9005	  	 	 	0.8947	  	 	 	0.8887	  	 	 	0.8827	  
	 	 	48	  	 	 	0.9460	  	 	 	0.9419	  	 	 	0.9375	  	 	 	0.9330	  	 	 	0.9283	  	 	 	0.9233	  	 	 	0.9182	  	 	 	0.9129	  	 	 	0.9075	  	 	 	0.9018	  	 	 	0.8960	  	 	 	0.8900	  	 	 	0.8839	  
	 	 	49	  	 	 	0.9472	  	 	 	0.9431	  	 	 	0.9388	  	 	 	0.9343	  	 	 	0.9296	  	 	 	0.9247	  	 	 	0.9196	  	 	 	0.9143	  	 	 	0.9088	  	 	 	0.9031	  	 	 	0.8973	  	 	 	0.8913	  	 	 	0.8852	  
	 	 	50	  	 	 	0.9484	  	 	 	0.9444	  	 	 	0.9401	  	 	 	0.9356	  	 	 	0.9309	  	 	 	0.9260	  	 	 	0.9209	  	 	 	0.9157	  	 	 	0.9102	  	 	 	0.9045	  	 	 	0.8987	  	 	 	0.8927	  	 	 	0.8866	  
	 	 	51	  	 	 	0.9497	  	 	 	0.9457	  	 	 	0.9414	  	 	 	0.9370	  	 	 	0.9323	  	 	 	0.9274	  	 	 	0.9224	  	 	 	0.9171	  	 	 	0.9117	  	 	 	0.9060	  	 	 	0.9002	  	 	 	0.8942	  	 	 	0.8881	  
	 	 	52	  	 	 	0.9510	  	 	 	0.9470	  	 	 	0.9428	  	 	 	0.9384	  	 	 	0.9338	  	 	 	0.9289	  	 	 	0.9239	  	 	 	0.9186	  	 	 	0.9132	  	 	 	0.9076	  	 	 	0.9018	  	 	 	0.8958	  	 	 	0.8896	  
	 	 	53	  	 	 	0.9524	  	 	 	0.9485	  	 	 	0.9443	  	 	 	0.9399	  	 	 	0.9353	  	 	 	0.9305	  	 	 	0.9255	  	 	 	0.9202	  	 	 	0.9148	  	 	 	0.9092	  	 	 	0.9034	  	 	 	0.8974	  	 	 	0.8913	  
	 	 	54	  	 	 	0.9538	  	 	 	0.9499	  	 	 	0.9458	  	 	 	0.9415	  	 	 	0.9369	  	 	 	0.9321	  	 	 	0.9271	  	 	 	0.9219	  	 	 	0.9165	  	 	 	0.9109	  	 	 	0.9051	  	 	 	0.8991	  	 	 	0.8930	  
	 	 	55	  	 	 	0.9552	  	 	 	0.9514	  	 	 	0.9473	  	 	 	0.9431	  	 	 	0.9385	  	 	 	0.9338	  	 	 	0.9288	  	 	 	0.9237	  	 	 	0.9183	  	 	 	0.9127	  	 	 	0.9069	  	 	 	0.9009	  	 	 	0.8948	  

  
 28 

 APPENDICES 
  

 TABLE H-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option Factors Applicable to CECONY Participants only 

Not Applicable to CECONY Weekly-1 or CEI Participants 

75% Joint and Survivor Without Popup 
  

																																																									
	 	 	 	 	 	PENSIONER’S AGE	 
	  
 

	 	 	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.9567	  	 	 	0.9529	  	 	 	0.9489	  	 	 	0.9447	  	 	 	0.9402	  	 	 	0.9355	  	 	 	0.9306	  	 	 	0.9255	  	 	 	0.9201	  	 	 	0.9146	  	 	 	0.9088	  	 	 	0.9028	  	 	 	0.8967	  
	 	 	57	  	 	 	0.9582	  	 	 	0.9545	  	 	 	0.9506	  	 	 	0.9464	  	 	 	0.9420	  	 	 	0.9373	  	 	 	0.9325	  	 	 	0.9274	  	 	 	0.9221	  	 	 	0.9165	  	 	 	0.9108	  	 	 	0.9048	  	 	 	0.8987	  
	 	 	58	  	 	 	0.9598	  	 	 	0.9561	  	 	 	0.9523	  	 	 	0.9481	  	 	 	0.9438	  	 	 	0.9392	  	 	 	0.9344	  	 	 	0.9293	  	 	 	0.9241	  	 	 	0.9186	  	 	 	0.9129	  	 	 	0.9069	  	 	 	0.9008	  
	 	 	59	  	 	 	0.9613	  	 	 	0.9578	  	 	 	0.9540	  	 	 	0.9499	  	 	 	0.9457	  	 	 	0.9411	  	 	 	0.9364	  	 	 	0.9314	  	 	 	0.9262	  	 	 	0.9207	  	 	 	0.9150	  	 	 	0.9091	  	 	 	0.9031	  
	 	 	60	  	 	 	0.9629	  	 	 	0.9595	  	 	 	0.9557	  	 	 	0.9518	  	 	 	0.9476	  	 	 	0.9431	  	 	 	0.9384	  	 	 	0.9335	  	 	 	0.9283	  	 	 	0.9229	  	 	 	0.9173	  	 	 	0.9114	  	 	 	0.9054	  
	 	 	61	  	 	 	0.9645	  	 	 	0.9611	  	 	 	0.9575	  	 	 	0.9536	  	 	 	0.9495	  	 	 	0.9451	  	 	 	0.9405	  	 	 	0.9357	  	 	 	0.9306	  	 	 	0.9252	  	 	 	0.9196	  	 	 	0.9138	  	 	 	0.9078	  
	 	 	62	  	 	 	0.9661	  	 	 	0.9629	  	 	 	0.9593	  	 	 	0.9555	  	 	 	0.9515	  	 	 	0.9472	  	 	 	0.9427	  	 	 	0.9379	  	 	 	0.9329	  	 	 	0.9276	  	 	 	0.9220	  	 	 	0.9163	  	 	 	0.9103	  
	 	 	63	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9611	  	 	 	0.9575	  	 	 	0.9535	  	 	 	0.9493	  	 	 	0.9449	  	 	 	0.9402	  	 	 	0.9352	  	 	 	0.9300	  	 	 	0.9245	  	 	 	0.9188	  	 	 	0.9129	  
	 	 	64	  	 	 	0.9694	  	 	 	0.9663	  	 	 	0.9630	  	 	 	0.9594	  	 	 	0.9556	  	 	 	0.9515	  	 	 	0.9471	  	 	 	0.9425	  	 	 	0.9376	  	 	 	0.9325	  	 	 	0.9271	  	 	 	0.9215	  	 	 	0.9156	  
	 	 	65	  	 	 	0.9710	  	 	 	0.9680	  	 	 	0.9648	  	 	 	0.9613	  	 	 	0.9576	  	 	 	0.9536	  	 	 	0.9494	  	 	 	0.9449	  	 	 	0.9401	  	 	 	0.9351	  	 	 	0.9298	  	 	 	0.9242	  	 	 	0.9184	  
	 	 	66	  	 	 	0.9726	  	 	 	0.9697	  	 	 	0.9666	  	 	 	0.9633	  	 	 	0.9597	  	 	 	0.9558	  	 	 	0.9517	  	 	 	0.9473	  	 	 	0.9426	  	 	 	0.9377	  	 	 	0.9325	  	 	 	0.9270	  	 	 	0.9213	  
	 	 	67	  	 	 	0.9741	  	 	 	0.9714	  	 	 	0.9684	  	 	 	0.9652	  	 	 	0.9617	  	 	 	0.9580	  	 	 	0.9540	  	 	 	0.9497	  	 	 	0.9451	  	 	 	0.9403	  	 	 	0.9352	  	 	 	0.9298	  	 	 	0.9242	  
	 	 	68	  	 	 	0.9757	  	 	 	0.9731	  	 	 	0.9702	  	 	 	0.9671	  	 	 	0.9638	  	 	 	0.9601	  	 	 	0.9563	  	 	 	0.9521	  	 	 	0.9477	  	 	 	0.9430	  	 	 	0.9380	  	 	 	0.9327	  	 	 	0.9272	  
	 	 	69	  	 	 	0.9772	  	 	 	0.9747	  	 	 	0.9720	  	 	 	0.9690	  	 	 	0.9658	  	 	 	0.9623	  	 	 	0.9585	  	 	 	0.9545	  	 	 	0.9502	  	 	 	0.9457	  	 	 	0.9408	  	 	 	0.9356	  	 	 	0.9302	  
	 	 	70	  	 	 	0.9787	  	 	 	0.9763	  	 	 	0.9737	  	 	 	0.9709	  	 	 	0.9678	  	 	 	0.9644	  	 	 	0.9608	  	 	 	0.9569	  	 	 	0.9528	  	 	 	0.9483	  	 	 	0.9436	  	 	 	0.9386	  	 	 	0.9333	  
	 	 	71	  	 	 	0.9801	  	 	 	0.9779	  	 	 	0.9754	  	 	 	0.9727	  	 	 	0.9697	  	 	 	0.9665	  	 	 	0.9631	  	 	 	0.9593	  	 	 	0.9553	  	 	 	0.9510	  	 	 	0.9464	  	 	 	0.9415	  	 	 	0.9364	  
	 	 	72	  	 	 	0.9815	  	 	 	0.9794	  	 	 	0.9770	  	 	 	0.9745	  	 	 	0.9716	  	 	 	0.9686	  	 	 	0.9653	  	 	 	0.9617	  	 	 	0.9579	  	 	 	0.9537	  	 	 	0.9493	  	 	 	0.9445	  	 	 	0.9395	  
	 	 	73	  	 	 	0.9828	  	 	 	0.9808	  	 	 	0.9786	  	 	 	0.9762	  	 	 	0.9735	  	 	 	0.9706	  	 	 	0.9675	  	 	 	0.9640	  	 	 	0.9603	  	 	 	0.9564	  	 	 	0.9521	  	 	 	0.9475	  	 	 	0.9426	  
	 	 	74	  	 	 	0.9841	  	 	 	0.9822	  	 	 	0.9801	  	 	 	0.9778	  	 	 	0.9753	  	 	 	0.9726	  	 	 	0.9696	  	 	 	0.9663	  	 	 	0.9628	  	 	 	0.9590	  	 	 	0.9548	  	 	 	0.9504	  	 	 	0.9457	  
	 	 	75	  	 	 	0.9853	  	 	 	0.9836	  	 	 	0.9816	  	 	 	0.9795	  	 	 	0.9771	  	 	 	0.9745	  	 	 	0.9716	  	 	 	0.9685	  	 	 	0.9652	  	 	 	0.9615	  	 	 	0.9576	  	 	 	0.9533	  	 	 	0.9488	  
	 	 	76	  	 	 	0.9865	  	 	 	0.9848	  	 	 	0.9830	  	 	 	0.9810	  	 	 	0.9788	  	 	 	0.9763	  	 	 	0.9736	  	 	 	0.9707	  	 	 	0.9675	  	 	 	0.9640	  	 	 	0.9603	  	 	 	0.9562	  	 	 	0.9518	  
	 	 	77	  	 	 	0.9876	  	 	 	0.9860	  	 	 	0.9843	  	 	 	0.9825	  	 	 	0.9804	  	 	 	0.9781	  	 	 	0.9755	  	 	 	0.9728	  	 	 	0.9698	  	 	 	0.9665	  	 	 	0.9629	  	 	 	0.9590	  	 	 	0.9548	  
	 	 	78	  	 	 	0.9886	  	 	 	0.9872	  	 	 	0.9856	  	 	 	0.9838	  	 	 	0.9819	  	 	 	0.9797	  	 	 	0.9774	  	 	 	0.9748	  	 	 	0.9719	  	 	 	0.9688	  	 	 	0.9654	  	 	 	0.9617	  	 	 	0.9577	  
	 	 	79	  	 	 	0.9896	  	 	 	0.9883	  	 	 	0.9868	  	 	 	0.9852	  	 	 	0.9833	  	 	 	0.9813	  	 	 	0.9791	  	 	 	0.9767	  	 	 	0.9740	  	 	 	0.9710	  	 	 	0.9678	  	 	 	0.9643	  	 	 	0.9605	  
	 	 	80	  	 	 	0.9905	  	 	 	0.9893	  	 	 	0.9879	  	 	 	0.9864	  	 	 	0.9847	  	 	 	0.9828	  	 	 	0.9808	  	 	 	0.9785	  	 	 	0.9760	  	 	 	0.9732	  	 	 	0.9702	  	 	 	0.9668	  	 	 	0.9632	  
	 	 	81	  	 	 	0.9913	  	 	 	0.9902	  	 	 	0.9890	  	 	 	0.9876	  	 	 	0.9860	  	 	 	0.9843	  	 	 	0.9823	  	 	 	0.9802	  	 	 	0.9779	  	 	 	0.9752	  	 	 	0.9724	  	 	 	0.9692	  	 	 	0.9658	  
	 	 	82	  	 	 	0.9921	  	 	 	0.9911	  	 	 	0.9899	  	 	 	0.9886	  	 	 	0.9872	  	 	 	0.9856	  	 	 	0.9838	  	 	 	0.9818	  	 	 	0.9796	  	 	 	0.9772	  	 	 	0.9745	  	 	 	0.9715	  	 	 	0.9683	  
	 	 	83	  	 	 	0.9928	  	 	 	0.9919	  	 	 	0.9908	  	 	 	0.9896	  	 	 	0.9883	  	 	 	0.9868	  	 	 	0.9852	  	 	 	0.9833	  	 	 	0.9813	  	 	 	0.9790	  	 	 	0.9765	  	 	 	0.9738	  	 	 	0.9707	  
	 	 	84	  	 	 	0.9935	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9906	  	 	 	0.9894	  	 	 	0.9880	  	 	 	0.9865	  	 	 	0.9848	  	 	 	0.9829	  	 	 	0.9808	  	 	 	0.9784	  	 	 	0.9759	  	 	 	0.9730	  
	 	 	85	  	 	 	0.9941	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9915	  	 	 	0.9903	  	 	 	0.9891	  	 	 	0.9877	  	 	 	0.9861	  	 	 	0.9844	  	 	 	0.9824	  	 	 	0.9803	  	 	 	0.9778	  	 	 	0.9752	  

  
 29 

 APPENDICES 

TABLE H-2 
 Consolidated
Edison Retirement Plan 
 Option Factors Applicable to CECONY Participants only 

Not Applicable to CECONY Weekly-1 or CEI Participants 

75% Joint and Survivor With Popup 
  

																																																																															
	 	 	 	 	PENSIONER’S AGE	 
	  
 

  
  

 
  
	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 
	 	25	 	 	0.9954	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9860	  	 	 	0.9849	  	 	 	0.9836	  	 	 	0.9824	  	 	 	0.9810	  
	 	26	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9882	  	 	 	0.9873	  	 	 	0.9862	  	 	 	0.9851	  	 	 	0.9839	  	 	 	0.9826	  	 	 	0.9812	  
	 	27	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9842	  	 	 	0.9829	  	 	 	0.9815	  
	 	28	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9867	  	 	 	0.9856	  	 	 	0.9844	  	 	 	0.9832	  	 	 	0.9818	  
	 	29	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9835	  	 	 	0.9821	  
	 	30	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9862	  	 	 	0.9850	  	 	 	0.9838	  	 	 	0.9824	  
	 	31	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9853	  	 	 	0.9841	  	 	 	0.9827	  
	 	32	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9856	  	 	 	0.9844	  	 	 	0.9831	  
	 	33	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9834	  
	 	34	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9873	  	 	 	0.9862	  	 	 	0.9850	  	 	 	0.9837	  
	 	35	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9854	  	 	 	0.9841	  
	 	36	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9845	  
	 	37	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9848	  
	 	38	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9852	  
	 	39	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9856	  
	 	40	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9860	  
	 	41	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9864	  
	 	42	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9867	  
	 	43	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  
	 	44	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  
	 	45	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9879	  
	 	46	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  
	 	47	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  
	 	48	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9891	  
	 	49	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9895	  
	 	50	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  
	 	51	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  
	 	52	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  
	 	53	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  
	 	54	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  
	 	55	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  

  
 30 

 APPENDICES 
  

 TABLE H-2 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Participants only 

Not applicable to CECONY Weekly -1 or CEI Participants 

75% Joint and Survivor Annuity with Popup 
  

																																																																															
	 	 	 	 	PENSIONER’S AGE	 
	  
 

  
  

 
  
	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 
	 	56	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  
	 	57	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  
	 	58	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  
	 	59	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  
	 	60	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  
	 	61	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  
	 	62	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  
	 	63	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  
	 	64	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  
	 	65	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  
	 	66	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  
	 	67	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  
	 	68	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  
	 	69	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  
	 	70	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  
	 	71	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  
	 	72	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  
	 	73	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  
	 	74	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  
	 	75	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  
	 	76	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  
	 	77	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  
	 	78	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  
	 	79	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  
	 	80	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  
	 	81	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  
	 	82	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  
	 	83	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  
	 	84	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  
	 	85	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  

  
 31 

 APPENDICES 
  

 TABLE H-2 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Participants only 

Not applicable to CECONY Weekly -1 or CEI Participants 

75% Joint and Survivor Annuity with Popup 
  

																																																																															
	 	 	 	 	PENSIONER’S AGE	 
	  
 

  
  

 
  
	 	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 	 	62	 
	 	25	 	 	0.9795	  	 	 	0.9780	  	 	 	0.9763	  	 	 	0.9746	  	 	 	0.9727	  	 	 	0.9708	  	 	 	0.9688	  	 	 	0.9666	  	 	 	0.9644	  	 	 	0.9620	  	 	 	0.9594	  	 	 	0.9567	  	 	 	0.9539	  	 	 	0.9509	  	 	 	0.9478	  	 	 	0.9444	  	 	 	0.9409	  	 	 	0.9372	  	 	 	0.9333	  
	 	26	 	 	0.9798	  	 	 	0.9782	  	 	 	0.9766	  	 	 	0.9749	  	 	 	0.9730	  	 	 	0.9711	  	 	 	0.9691	  	 	 	0.9669	  	 	 	0.9647	  	 	 	0.9623	  	 	 	0.9598	  	 	 	0.9571	  	 	 	0.9543	  	 	 	0.9513	  	 	 	0.9481	  	 	 	0.9448	  	 	 	0.9412	  	 	 	0.9375	  	 	 	0.9336	  
	 	27	 	 	0.9801	  	 	 	0.9785	  	 	 	0.9769	  	 	 	0.9752	  	 	 	0.9734	  	 	 	0.9714	  	 	 	0.9694	  	 	 	0.9673	  	 	 	0.9650	  	 	 	0.9626	  	 	 	0.9601	  	 	 	0.9574	  	 	 	0.9546	  	 	 	0.9516	  	 	 	0.9485	  	 	 	0.9451	  	 	 	0.9416	  	 	 	0.9379	  	 	 	0.9340	  
	 	28	 	 	0.9804	  	 	 	0.9788	  	 	 	0.9772	  	 	 	0.9755	  	 	 	0.9737	  	 	 	0.9718	  	 	 	0.9698	  	 	 	0.9676	  	 	 	0.9654	  	 	 	0.9630	  	 	 	0.9605	  	 	 	0.9578	  	 	 	0.9550	  	 	 	0.9520	  	 	 	0.9488	  	 	 	0.9455	  	 	 	0.9420	  	 	 	0.9383	  	 	 	0.9344	  
	 	29	 	 	0.9807	  	 	 	0.9792	  	 	 	0.9776	  	 	 	0.9758	  	 	 	0.9740	  	 	 	0.9721	  	 	 	0.9701	  	 	 	0.9680	  	 	 	0.9657	  	 	 	0.9634	  	 	 	0.9609	  	 	 	0.9582	  	 	 	0.9554	  	 	 	0.9524	  	 	 	0.9493	  	 	 	0.9459	  	 	 	0.9424	  	 	 	0.9387	  	 	 	0.9348	  
	 	30	 	 	0.9810	  	 	 	0.9795	  	 	 	0.9779	  	 	 	0.9762	  	 	 	0.9744	  	 	 	0.9725	  	 	 	0.9705	  	 	 	0.9684	  	 	 	0.9661	  	 	 	0.9638	  	 	 	0.9613	  	 	 	0.9586	  	 	 	0.9558	  	 	 	0.9528	  	 	 	0.9497	  	 	 	0.9463	  	 	 	0.9428	  	 	 	0.9391	  	 	 	0.9352	  
	 	31	 	 	0.9813	  	 	 	0.9798	  	 	 	0.9782	  	 	 	0.9766	  	 	 	0.9748	  	 	 	0.9729	  	 	 	0.9709	  	 	 	0.9688	  	 	 	0.9666	  	 	 	0.9642	  	 	 	0.9617	  	 	 	0.9590	  	 	 	0.9562	  	 	 	0.9533	  	 	 	0.9501	  	 	 	0.9468	  	 	 	0.9433	  	 	 	0.9396	  	 	 	0.9357	  
	 	32	 	 	0.9817	  	 	 	0.9802	  	 	 	0.9786	  	 	 	0.9769	  	 	 	0.9752	  	 	 	0.9733	  	 	 	0.9713	  	 	 	0.9692	  	 	 	0.9670	  	 	 	0.9646	  	 	 	0.9621	  	 	 	0.9595	  	 	 	0.9567	  	 	 	0.9537	  	 	 	0.9506	  	 	 	0.9473	  	 	 	0.9438	  	 	 	0.9401	  	 	 	0.9362	  
	 	33	 	 	0.9820	  	 	 	0.9806	  	 	 	0.9790	  	 	 	0.9773	  	 	 	0.9756	  	 	 	0.9737	  	 	 	0.9717	  	 	 	0.9696	  	 	 	0.9674	  	 	 	0.9651	  	 	 	0.9626	  	 	 	0.9600	  	 	 	0.9572	  	 	 	0.9542	  	 	 	0.9511	  	 	 	0.9478	  	 	 	0.9443	  	 	 	0.9406	  	 	 	0.9367	  
	 	34	 	 	0.9824	  	 	 	0.9809	  	 	 	0.9794	  	 	 	0.9777	  	 	 	0.9760	  	 	 	0.9741	  	 	 	0.9722	  	 	 	0.9701	  	 	 	0.9679	  	 	 	0.9656	  	 	 	0.9631	  	 	 	0.9605	  	 	 	0.9577	  	 	 	0.9547	  	 	 	0.9516	  	 	 	0.9483	  	 	 	0.9448	  	 	 	0.9411	  	 	 	0.9372	  
	 	35	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9798	  	 	 	0.9781	  	 	 	0.9764	  	 	 	0.9746	  	 	 	0.9726	  	 	 	0.9706	  	 	 	0.9684	  	 	 	0.9661	  	 	 	0.9636	  	 	 	0.9610	  	 	 	0.9582	  	 	 	0.9553	  	 	 	0.9522	  	 	 	0.9489	  	 	 	0.9454	  	 	 	0.9417	  	 	 	0.9378	  
	 	36	 	 	0.9831	  	 	 	0.9817	  	 	 	0.9802	  	 	 	0.9786	  	 	 	0.9769	  	 	 	0.9750	  	 	 	0.9731	  	 	 	0.9711	  	 	 	0.9689	  	 	 	0.9666	  	 	 	0.9641	  	 	 	0.9615	  	 	 	0.9588	  	 	 	0.9558	  	 	 	0.9527	  	 	 	0.9494	  	 	 	0.9460	  	 	 	0.9423	  	 	 	0.9384	  
	 	37	 	 	0.9835	  	 	 	0.9821	  	 	 	0.9806	  	 	 	0.9790	  	 	 	0.9773	  	 	 	0.9755	  	 	 	0.9736	  	 	 	0.9716	  	 	 	0.9694	  	 	 	0.9671	  	 	 	0.9647	  	 	 	0.9621	  	 	 	0.9593	  	 	 	0.9564	  	 	 	0.9533	  	 	 	0.9501	  	 	 	0.9466	  	 	 	0.9429	  	 	 	0.9390	  
	 	38	 	 	0.9839	  	 	 	0.9825	  	 	 	0.9810	  	 	 	0.9795	  	 	 	0.9778	  	 	 	0.9760	  	 	 	0.9741	  	 	 	0.9721	  	 	 	0.9699	  	 	 	0.9677	  	 	 	0.9653	  	 	 	0.9627	  	 	 	0.9599	  	 	 	0.9570	  	 	 	0.9540	  	 	 	0.9507	  	 	 	0.9472	  	 	 	0.9436	  	 	 	0.9397	  
	 	39	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9815	  	 	 	0.9799	  	 	 	0.9783	  	 	 	0.9765	  	 	 	0.9746	  	 	 	0.9726	  	 	 	0.9705	  	 	 	0.9682	  	 	 	0.9658	  	 	 	0.9633	  	 	 	0.9606	  	 	 	0.9577	  	 	 	0.9546	  	 	 	0.9514	  	 	 	0.9479	  	 	 	0.9442	  	 	 	0.9404	  
	 	40	 	 	0.9847	  	 	 	0.9834	  	 	 	0.9819	  	 	 	0.9804	  	 	 	0.9787	  	 	 	0.9770	  	 	 	0.9751	  	 	 	0.9732	  	 	 	0.9711	  	 	 	0.9688	  	 	 	0.9665	  	 	 	0.9639	  	 	 	0.9612	  	 	 	0.9583	  	 	 	0.9553	  	 	 	0.9520	  	 	 	0.9486	  	 	 	0.9450	  	 	 	0.9411	  
	 	41	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9809	  	 	 	0.9792	  	 	 	0.9775	  	 	 	0.9757	  	 	 	0.9737	  	 	 	0.9717	  	 	 	0.9694	  	 	 	0.9671	  	 	 	0.9646	  	 	 	0.9619	  	 	 	0.9590	  	 	 	0.9560	  	 	 	0.9528	  	 	 	0.9493	  	 	 	0.9457	  	 	 	0.9419	  
	 	42	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9814	  	 	 	0.9798	  	 	 	0.9781	  	 	 	0.9763	  	 	 	0.9743	  	 	 	0.9723	  	 	 	0.9701	  	 	 	0.9677	  	 	 	0.9652	  	 	 	0.9626	  	 	 	0.9598	  	 	 	0.9567	  	 	 	0.9535	  	 	 	0.9501	  	 	 	0.9465	  	 	 	0.9427	  
	 	43	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9803	  	 	 	0.9786	  	 	 	0.9768	  	 	 	0.9749	  	 	 	0.9729	  	 	 	0.9707	  	 	 	0.9684	  	 	 	0.9659	  	 	 	0.9633	  	 	 	0.9605	  	 	 	0.9575	  	 	 	0.9543	  	 	 	0.9509	  	 	 	0.9473	  	 	 	0.9435	  
	 	44	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9792	  	 	 	0.9774	  	 	 	0.9755	  	 	 	0.9735	  	 	 	0.9714	  	 	 	0.9691	  	 	 	0.9667	  	 	 	0.9640	  	 	 	0.9613	  	 	 	0.9583	  	 	 	0.9551	  	 	 	0.9517	  	 	 	0.9481	  	 	 	0.9444	  
	 	45	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9780	  	 	 	0.9761	  	 	 	0.9742	  	 	 	0.9721	  	 	 	0.9698	  	 	 	0.9674	  	 	 	0.9648	  	 	 	0.9620	  	 	 	0.9591	  	 	 	0.9559	  	 	 	0.9526	  	 	 	0.9490	  	 	 	0.9453	  
	 	46	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9819	  	 	 	0.9803	  	 	 	0.9786	  	 	 	0.9768	  	 	 	0.9748	  	 	 	0.9728	  	 	 	0.9705	  	 	 	0.9681	  	 	 	0.9656	  	 	 	0.9628	  	 	 	0.9599	  	 	 	0.9568	  	 	 	0.9535	  	 	 	0.9499	  	 	 	0.9462	  
	 	47	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9809	  	 	 	0.9792	  	 	 	0.9774	  	 	 	0.9755	  	 	 	0.9735	  	 	 	0.9713	  	 	 	0.9689	  	 	 	0.9664	  	 	 	0.9637	  	 	 	0.9608	  	 	 	0.9577	  	 	 	0.9544	  	 	 	0.9509	  	 	 	0.9471	  
	 	48	 	 	0.9880	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9814	  	 	 	0.9798	  	 	 	0.9781	  	 	 	0.9762	  	 	 	0.9742	  	 	 	0.9720	  	 	 	0.9697	  	 	 	0.9672	  	 	 	0.9645	  	 	 	0.9617	  	 	 	0.9586	  	 	 	0.9553	  	 	 	0.9518	  	 	 	0.9481	  
	 	49	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9787	  	 	 	0.9769	  	 	 	0.9749	  	 	 	0.9728	  	 	 	0.9705	  	 	 	0.9680	  	 	 	0.9654	  	 	 	0.9626	  	 	 	0.9595	  	 	 	0.9563	  	 	 	0.9528	  	 	 	0.9492	  
	 	50	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9794	  	 	 	0.9776	  	 	 	0.9756	  	 	 	0.9735	  	 	 	0.9713	  	 	 	0.9689	  	 	 	0.9663	  	 	 	0.9635	  	 	 	0.9605	  	 	 	0.9573	  	 	 	0.9539	  	 	 	0.9502	  
	 	51	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9800	  	 	 	0.9783	  	 	 	0.9764	  	 	 	0.9743	  	 	 	0.9721	  	 	 	0.9697	  	 	 	0.9672	  	 	 	0.9644	  	 	 	0.9615	  	 	 	0.9583	  	 	 	0.9549	  	 	 	0.9513	  
	 	52	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9771	  	 	 	0.9751	  	 	 	0.9729	  	 	 	0.9706	  	 	 	0.9681	  	 	 	0.9654	  	 	 	0.9625	  	 	 	0.9594	  	 	 	0.9560	  	 	 	0.9525	  
	 	53	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9759	  	 	 	0.9738	  	 	 	0.9715	  	 	 	0.9690	  	 	 	0.9664	  	 	 	0.9635	  	 	 	0.9604	  	 	 	0.9571	  	 	 	0.9536	  
	 	54	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9786	  	 	 	0.9767	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9700	  	 	 	0.9674	  	 	 	0.9645	  	 	 	0.9615	  	 	 	0.9583	  	 	 	0.9548	  
	 	55	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9775	  	 	 	0.9755	  	 	 	0.9733	  	 	 	0.9709	  	 	 	0.9684	  	 	 	0.9656	  	 	 	0.9626	  	 	 	0.9594	  	 	 	0.9560	  

  
 32 

 APPENDICES 
  

 TABLE H-2 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Participants only 

Not applicable to CECONY Weekly -1 or CEI Participants 

75% Joint and Survivor Annuity with Popup 
  

																																																																															
	 	 	 	 	PENSIONER’S AGE	 
	  
 

  
  

 
  
	 	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 	 	62	 
	 	56	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9763	  	 	 	0.9742	  	 	 	0.9719	  	 	 	0.9694	  	 	 	0.9667	  	 	 	0.9637	  	 	 	0.9606	  	 	 	0.9572	  
	 	57	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9728	  	 	 	0.9704	  	 	 	0.9677	  	 	 	0.9649	  	 	 	0.9618	  	 	 	0.9585	  
	 	58	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9831	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9760	  	 	 	0.9738	  	 	 	0.9714	  	 	 	0.9688	  	 	 	0.9660	  	 	 	0.9630	  	 	 	0.9597	  
	 	59	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9769	  	 	 	0.9747	  	 	 	0.9724	  	 	 	0.9699	  	 	 	0.9671	  	 	 	0.9642	  	 	 	0.9610	  
	 	60	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9710	  	 	 	0.9683	  	 	 	0.9654	  	 	 	0.9623	  
	 	61	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9720	  	 	 	0.9694	  	 	 	0.9666	  	 	 	0.9636	  
	 	62	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9731	  	 	 	0.9706	  	 	 	0.9678	  	 	 	0.9648	  
	 	63	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9821	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9661	  
	 	64	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9702	  	 	 	0.9674	  
	 	65	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9763	  	 	 	0.9740	  	 	 	0.9714	  	 	 	0.9687	  
	 	66	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9726	  	 	 	0.9699	  
	 	67	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9712	  
	 	68	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9749	  	 	 	0.9724	  
	 	69	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9760	  	 	 	0.9736	  
	 	70	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9748	  
	 	71	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9760	  
	 	72	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9771	  
	 	73	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9782	  
	 	74	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9793	  
	 	75	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9803	  
	 	76	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9813	  
	 	77	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  
	 	78	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9832	  
	 	79	 	 	0.9972	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9841	  
	 	80	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9849	  
	 	81	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9858	  
	 	82	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9866	  
	 	83	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9873	  
	 	84	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9880	  
	 	85	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9887	  

  
 33 

 APPENDICES 
  

 TABLE H-2 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Participants only 

Not applicable to CECONY Weekly -1 or CEI Participants 

75% Joint and Survivor Annuity with Popup 
  

																																																							
	 	 	 	 	PENSIONER’S AGE	 
	  
 

  
  

 
  
	 	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	25	 	 	0.9292	  	 	 	0.9249	  	 	 	0.9204	  	 	 	0.9158	  	 	 	0.9110	  	 	 	0.9060	  	 	 	0.9009	  	 	 	0.8957	  	 	 	0.8903	  	 	 	0.8847	  	 	 	0.8790	  	 	 	0.8732	  	 	 	0.8674	  
	 	26	 	 	0.9295	  	 	 	0.9252	  	 	 	0.9208	  	 	 	0.9161	  	 	 	0.9113	  	 	 	0.9064	  	 	 	0.9013	  	 	 	0.8960	  	 	 	0.8906	  	 	 	0.8850	  	 	 	0.8794	  	 	 	0.8736	  	 	 	0.8677	  
	 	27	 	 	0.9299	  	 	 	0.9256	  	 	 	0.9211	  	 	 	0.9165	  	 	 	0.9117	  	 	 	0.9067	  	 	 	0.9016	  	 	 	0.8964	  	 	 	0.8909	  	 	 	0.8854	  	 	 	0.8797	  	 	 	0.8739	  	 	 	0.8680	  
	 	28	 	 	0.9303	  	 	 	0.9260	  	 	 	0.9215	  	 	 	0.9169	  	 	 	0.9121	  	 	 	0.9071	  	 	 	0.9020	  	 	 	0.8967	  	 	 	0.8913	  	 	 	0.8858	  	 	 	0.8801	  	 	 	0.8743	  	 	 	0.8684	  
	 	29	 	 	0.9307	  	 	 	0.9264	  	 	 	0.9220	  	 	 	0.9173	  	 	 	0.9125	  	 	 	0.9075	  	 	 	0.9024	  	 	 	0.8971	  	 	 	0.8917	  	 	 	0.8862	  	 	 	0.8805	  	 	 	0.8747	  	 	 	0.8687	  
	 	30	 	 	0.9311	  	 	 	0.9269	  	 	 	0.9224	  	 	 	0.9178	  	 	 	0.9129	  	 	 	0.9080	  	 	 	0.9028	  	 	 	0.8976	  	 	 	0.8921	  	 	 	0.8866	  	 	 	0.8809	  	 	 	0.8751	  	 	 	0.8691	  
	 	31	 	 	0.9316	  	 	 	0.9273	  	 	 	0.9229	  	 	 	0.9182	  	 	 	0.9134	  	 	 	0.9084	  	 	 	0.9033	  	 	 	0.8980	  	 	 	0.8926	  	 	 	0.8870	  	 	 	0.8813	  	 	 	0.8755	  	 	 	0.8696	  
	 	32	 	 	0.9321	  	 	 	0.9278	  	 	 	0.9234	  	 	 	0.9187	  	 	 	0.9139	  	 	 	0.9089	  	 	 	0.9038	  	 	 	0.8985	  	 	 	0.8931	  	 	 	0.8875	  	 	 	0.8818	  	 	 	0.8760	  	 	 	0.8700	  
	 	33	 	 	0.9326	  	 	 	0.9283	  	 	 	0.9239	  	 	 	0.9192	  	 	 	0.9144	  	 	 	0.9094	  	 	 	0.9043	  	 	 	0.8990	  	 	 	0.8936	  	 	 	0.8880	  	 	 	0.8823	  	 	 	0.8765	  	 	 	0.8705	  
	 	34	 	 	0.9332	  	 	 	0.9289	  	 	 	0.9244	  	 	 	0.9198	  	 	 	0.9150	  	 	 	0.9100	  	 	 	0.9049	  	 	 	0.8996	  	 	 	0.8941	  	 	 	0.8885	  	 	 	0.8828	  	 	 	0.8770	  	 	 	0.8710	  
	 	35	 	 	0.9337	  	 	 	0.9295	  	 	 	0.9250	  	 	 	0.9204	  	 	 	0.9155	  	 	 	0.9106	  	 	 	0.9054	  	 	 	0.9001	  	 	 	0.8947	  	 	 	0.8891	  	 	 	0.8834	  	 	 	0.8775	  	 	 	0.8716	  
	 	36	 	 	0.9343	  	 	 	0.9301	  	 	 	0.9256	  	 	 	0.9210	  	 	 	0.9162	  	 	 	0.9112	  	 	 	0.9060	  	 	 	0.9007	  	 	 	0.8953	  	 	 	0.8897	  	 	 	0.8840	  	 	 	0.8781	  	 	 	0.8722	  
	 	37	 	 	0.9350	  	 	 	0.9307	  	 	 	0.9263	  	 	 	0.9216	  	 	 	0.9168	  	 	 	0.9118	  	 	 	0.9067	  	 	 	0.9014	  	 	 	0.8959	  	 	 	0.8903	  	 	 	0.8846	  	 	 	0.8787	  	 	 	0.8728	  
	 	38	 	 	0.9356	  	 	 	0.9314	  	 	 	0.9269	  	 	 	0.9223	  	 	 	0.9175	  	 	 	0.9125	  	 	 	0.9074	  	 	 	0.9021	  	 	 	0.8966	  	 	 	0.8910	  	 	 	0.8853	  	 	 	0.8794	  	 	 	0.8734	  
	 	39	 	 	0.9363	  	 	 	0.9321	  	 	 	0.9276	  	 	 	0.9230	  	 	 	0.9182	  	 	 	0.9132	  	 	 	0.9081	  	 	 	0.9028	  	 	 	0.8973	  	 	 	0.8917	  	 	 	0.8860	  	 	 	0.8801	  	 	 	0.8741	  
	 	40	 	 	0.9371	  	 	 	0.9328	  	 	 	0.9284	  	 	 	0.9238	  	 	 	0.9190	  	 	 	0.9140	  	 	 	0.9088	  	 	 	0.9035	  	 	 	0.8981	  	 	 	0.8925	  	 	 	0.8867	  	 	 	0.8808	  	 	 	0.8748	  
	 	41	 	 	0.9378	  	 	 	0.9336	  	 	 	0.9292	  	 	 	0.9246	  	 	 	0.9198	  	 	 	0.9148	  	 	 	0.9096	  	 	 	0.9043	  	 	 	0.8989	  	 	 	0.8933	  	 	 	0.8875	  	 	 	0.8816	  	 	 	0.8756	  
	 	42	 	 	0.9386	  	 	 	0.9344	  	 	 	0.9300	  	 	 	0.9254	  	 	 	0.9206	  	 	 	0.9156	  	 	 	0.9105	  	 	 	0.9052	  	 	 	0.8997	  	 	 	0.8941	  	 	 	0.8883	  	 	 	0.8824	  	 	 	0.8764	  
	 	43	 	 	0.9395	  	 	 	0.9353	  	 	 	0.9309	  	 	 	0.9263	  	 	 	0.9215	  	 	 	0.9165	  	 	 	0.9114	  	 	 	0.9061	  	 	 	0.9006	  	 	 	0.8950	  	 	 	0.8892	  	 	 	0.8833	  	 	 	0.8773	  
	 	44	 	 	0.9404	  	 	 	0.9362	  	 	 	0.9318	  	 	 	0.9272	  	 	 	0.9224	  	 	 	0.9174	  	 	 	0.9123	  	 	 	0.9070	  	 	 	0.9015	  	 	 	0.8959	  	 	 	0.8901	  	 	 	0.8842	  	 	 	0.8782	  
	 	45	 	 	0.9413	  	 	 	0.9371	  	 	 	0.9327	  	 	 	0.9281	  	 	 	0.9233	  	 	 	0.9184	  	 	 	0.9133	  	 	 	0.9080	  	 	 	0.9025	  	 	 	0.8969	  	 	 	0.8911	  	 	 	0.8852	  	 	 	0.8791	  
	 	46	 	 	0.9422	  	 	 	0.9381	  	 	 	0.9337	  	 	 	0.9291	  	 	 	0.9243	  	 	 	0.9194	  	 	 	0.9143	  	 	 	0.9090	  	 	 	0.9035	  	 	 	0.8979	  	 	 	0.8921	  	 	 	0.8862	  	 	 	0.8801	  
	 	47	 	 	0.9432	  	 	 	0.9391	  	 	 	0.9347	  	 	 	0.9301	  	 	 	0.9254	  	 	 	0.9204	  	 	 	0.9153	  	 	 	0.9100	  	 	 	0.9046	  	 	 	0.8990	  	 	 	0.8932	  	 	 	0.8872	  	 	 	0.8812	  
	 	48	 	 	0.9442	  	 	 	0.9401	  	 	 	0.9358	  	 	 	0.9312	  	 	 	0.9265	  	 	 	0.9216	  	 	 	0.9164	  	 	 	0.9112	  	 	 	0.9057	  	 	 	0.9001	  	 	 	0.8943	  	 	 	0.8884	  	 	 	0.8823	  
	 	49	 	 	0.9453	  	 	 	0.9412	  	 	 	0.9369	  	 	 	0.9323	  	 	 	0.9276	  	 	 	0.9227	  	 	 	0.9176	  	 	 	0.9123	  	 	 	0.9069	  	 	 	0.9013	  	 	 	0.8955	  	 	 	0.8895	  	 	 	0.8835	  
	 	50	 	 	0.9464	  	 	 	0.9423	  	 	 	0.9380	  	 	 	0.9335	  	 	 	0.9288	  	 	 	0.9239	  	 	 	0.9188	  	 	 	0.9136	  	 	 	0.9081	  	 	 	0.9025	  	 	 	0.8967	  	 	 	0.8908	  	 	 	0.8847	  
	 	51	 	 	0.9475	  	 	 	0.9435	  	 	 	0.9392	  	 	 	0.9347	  	 	 	0.9300	  	 	 	0.9252	  	 	 	0.9201	  	 	 	0.9149	  	 	 	0.9094	  	 	 	0.9038	  	 	 	0.8980	  	 	 	0.8921	  	 	 	0.8860	  
	 	52	 	 	0.9487	  	 	 	0.9447	  	 	 	0.9404	  	 	 	0.9360	  	 	 	0.9313	  	 	 	0.9265	  	 	 	0.9214	  	 	 	0.9162	  	 	 	0.9108	  	 	 	0.9052	  	 	 	0.8994	  	 	 	0.8935	  	 	 	0.8874	  
	 	53	 	 	0.9499	  	 	 	0.9459	  	 	 	0.9417	  	 	 	0.9373	  	 	 	0.9326	  	 	 	0.9278	  	 	 	0.9228	  	 	 	0.9176	  	 	 	0.9122	  	 	 	0.9066	  	 	 	0.9008	  	 	 	0.8949	  	 	 	0.8888	  
	 	54	 	 	0.9511	  	 	 	0.9471	  	 	 	0.9430	  	 	 	0.9386	  	 	 	0.9340	  	 	 	0.9292	  	 	 	0.9242	  	 	 	0.9190	  	 	 	0.9137	  	 	 	0.9081	  	 	 	0.9023	  	 	 	0.8964	  	 	 	0.8903	  
	 	55	 	 	0.9523	  	 	 	0.9484	  	 	 	0.9443	  	 	 	0.9400	  	 	 	0.9354	  	 	 	0.9307	  	 	 	0.9257	  	 	 	0.9205	  	 	 	0.9152	  	 	 	0.9096	  	 	 	0.9039	  	 	 	0.8980	  	 	 	0.8919	  

  
 34 

 APPENDICES 
  

 TABLE H-2 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Participants only 

Not applicable to CECONY Weekly -1 or CEI Participants 

75% Joint and Survivor Annuity with Popup 
  

																																																									
	 	 	 	PENSIONER’S AGE	 
	  
 

	 	 	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.9536	  	 	 	0.9498	  	 	 	0.9457	  	 	 	0.9414	  	 	 	0.9369	  	 	 	0.9322	  	 	 	0.9272	  	 	 	0.9221	  	 	 	0.9168	  	 	 	0.9112	  	 	 	0.9055	  	 	 	0.8996	  	 	 	0.8936	  
	 	 	57	  	 	 	0.9549	  	 	 	0.9511	  	 	 	0.9471	  	 	 	0.9429	  	 	 	0.9384	  	 	 	0.9337	  	 	 	0.9288	  	 	 	0.9237	  	 	 	0.9184	  	 	 	0.9129	  	 	 	0.9072	  	 	 	0.9013	  	 	 	0.8953	  
	 	 	58	  	 	 	0.9562	  	 	 	0.9525	  	 	 	0.9485	  	 	 	0.9443	  	 	 	0.9399	  	 	 	0.9353	  	 	 	0.9304	  	 	 	0.9254	  	 	 	0.9201	  	 	 	0.9146	  	 	 	0.9090	  	 	 	0.9031	  	 	 	0.8971	  
	 	 	59	  	 	 	0.9576	  	 	 	0.9539	  	 	 	0.9500	  	 	 	0.9459	  	 	 	0.9415	  	 	 	0.9369	  	 	 	0.9321	  	 	 	0.9271	  	 	 	0.9219	  	 	 	0.9164	  	 	 	0.9108	  	 	 	0.9049	  	 	 	0.8989	  
	 	 	60	  	 	 	0.9589	  	 	 	0.9553	  	 	 	0.9515	  	 	 	0.9474	  	 	 	0.9431	  	 	 	0.9386	  	 	 	0.9338	  	 	 	0.9289	  	 	 	0.9237	  	 	 	0.9183	  	 	 	0.9127	  	 	 	0.9069	  	 	 	0.9009	  
	 	 	61	  	 	 	0.9603	  	 	 	0.9567	  	 	 	0.9530	  	 	 	0.9490	  	 	 	0.9447	  	 	 	0.9403	  	 	 	0.9356	  	 	 	0.9307	  	 	 	0.9255	  	 	 	0.9202	  	 	 	0.9146	  	 	 	0.9088	  	 	 	0.9029	  
	 	 	62	  	 	 	0.9616	  	 	 	0.9582	  	 	 	0.9545	  	 	 	0.9505	  	 	 	0.9464	  	 	 	0.9420	  	 	 	0.9373	  	 	 	0.9325	  	 	 	0.9274	  	 	 	0.9221	  	 	 	0.9166	  	 	 	0.9109	  	 	 	0.9049	  
	 	 	63	  	 	 	0.9630	  	 	 	0.9596	  	 	 	0.9560	  	 	 	0.9521	  	 	 	0.9480	  	 	 	0.9437	  	 	 	0.9392	  	 	 	0.9344	  	 	 	0.9294	  	 	 	0.9241	  	 	 	0.9186	  	 	 	0.9129	  	 	 	0.9071	  
	 	 	64	  	 	 	0.9643	  	 	 	0.9610	  	 	 	0.9575	  	 	 	0.9537	  	 	 	0.9497	  	 	 	0.9455	  	 	 	0.9410	  	 	 	0.9363	  	 	 	0.9313	  	 	 	0.9261	  	 	 	0.9207	  	 	 	0.9151	  	 	 	0.9092	  
	 	 	65	  	 	 	0.9657	  	 	 	0.9625	  	 	 	0.9590	  	 	 	0.9553	  	 	 	0.9514	  	 	 	0.9472	  	 	 	0.9428	  	 	 	0.9382	  	 	 	0.9333	  	 	 	0.9282	  	 	 	0.9228	  	 	 	0.9173	  	 	 	0.9115	  
	 	 	66	  	 	 	0.9671	  	 	 	0.9639	  	 	 	0.9606	  	 	 	0.9569	  	 	 	0.9531	  	 	 	0.9490	  	 	 	0.9447	  	 	 	0.9401	  	 	 	0.9353	  	 	 	0.9303	  	 	 	0.9250	  	 	 	0.9195	  	 	 	0.9138	  
	 	 	67	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9621	  	 	 	0.9585	  	 	 	0.9548	  	 	 	0.9508	  	 	 	0.9466	  	 	 	0.9421	  	 	 	0.9374	  	 	 	0.9324	  	 	 	0.9272	  	 	 	0.9218	  	 	 	0.9161	  
	 	 	68	  	 	 	0.9697	  	 	 	0.9668	  	 	 	0.9636	  	 	 	0.9601	  	 	 	0.9565	  	 	 	0.9526	  	 	 	0.9484	  	 	 	0.9441	  	 	 	0.9394	  	 	 	0.9345	  	 	 	0.9294	  	 	 	0.9240	  	 	 	0.9185	  
	 	 	69	  	 	 	0.9710	  	 	 	0.9681	  	 	 	0.9650	  	 	 	0.9617	  	 	 	0.9582	  	 	 	0.9544	  	 	 	0.9503	  	 	 	0.9460	  	 	 	0.9415	  	 	 	0.9367	  	 	 	0.9317	  	 	 	0.9264	  	 	 	0.9209	  
	 	 	70	  	 	 	0.9723	  	 	 	0.9695	  	 	 	0.9665	  	 	 	0.9633	  	 	 	0.9598	  	 	 	0.9561	  	 	 	0.9522	  	 	 	0.9480	  	 	 	0.9436	  	 	 	0.9389	  	 	 	0.9339	  	 	 	0.9287	  	 	 	0.9233	  
	 	 	71	  	 	 	0.9735	  	 	 	0.9709	  	 	 	0.9680	  	 	 	0.9648	  	 	 	0.9615	  	 	 	0.9579	  	 	 	0.9540	  	 	 	0.9499	  	 	 	0.9456	  	 	 	0.9410	  	 	 	0.9362	  	 	 	0.9311	  	 	 	0.9257	  
	 	 	72	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9596	  	 	 	0.9559	  	 	 	0.9519	  	 	 	0.9477	  	 	 	0.9432	  	 	 	0.9384	  	 	 	0.9334	  	 	 	0.9282	  
	 	 	73	  	 	 	0.9759	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9647	  	 	 	0.9613	  	 	 	0.9577	  	 	 	0.9538	  	 	 	0.9497	  	 	 	0.9453	  	 	 	0.9407	  	 	 	0.9358	  	 	 	0.9306	  
	 	 	74	  	 	 	0.9771	  	 	 	0.9747	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9663	  	 	 	0.9630	  	 	 	0.9595	  	 	 	0.9557	  	 	 	0.9517	  	 	 	0.9475	  	 	 	0.9429	  	 	 	0.9381	  	 	 	0.9331	  
	 	 	75	  	 	 	0.9782	  	 	 	0.9759	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9612	  	 	 	0.9576	  	 	 	0.9537	  	 	 	0.9496	  	 	 	0.9452	  	 	 	0.9405	  	 	 	0.9355	  
	 	 	76	  	 	 	0.9793	  	 	 	0.9771	  	 	 	0.9747	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9662	  	 	 	0.9630	  	 	 	0.9594	  	 	 	0.9557	  	 	 	0.9517	  	 	 	0.9474	  	 	 	0.9428	  	 	 	0.9380	  
	 	 	77	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9613	  	 	 	0.9576	  	 	 	0.9537	  	 	 	0.9495	  	 	 	0.9451	  	 	 	0.9404	  
	 	 	78	  	 	 	0.9814	  	 	 	0.9794	  	 	 	0.9772	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9693	  	 	 	0.9663	  	 	 	0.9630	  	 	 	0.9595	  	 	 	0.9557	  	 	 	0.9517	  	 	 	0.9473	  	 	 	0.9428	  
	 	 	79	  	 	 	0.9824	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9679	  	 	 	0.9647	  	 	 	0.9613	  	 	 	0.9577	  	 	 	0.9538	  	 	 	0.9496	  	 	 	0.9451	  
	 	 	80	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9795	  	 	 	0.9773	  	 	 	0.9749	  	 	 	0.9723	  	 	 	0.9695	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9596	  	 	 	0.9558	  	 	 	0.9518	  	 	 	0.9474	  
	 	 	81	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9806	  	 	 	0.9784	  	 	 	0.9762	  	 	 	0.9737	  	 	 	0.9710	  	 	 	0.9680	  	 	 	0.9649	  	 	 	0.9615	  	 	 	0.9578	  	 	 	0.9539	  	 	 	0.9497	  
	 	 	82	  	 	 	0.9851	  	 	 	0.9834	  	 	 	0.9816	  	 	 	0.9796	  	 	 	0.9774	  	 	 	0.9750	  	 	 	0.9724	  	 	 	0.9696	  	 	 	0.9666	  	 	 	0.9633	  	 	 	0.9598	  	 	 	0.9560	  	 	 	0.9519	  
	 	 	83	  	 	 	0.9859	  	 	 	0.9843	  	 	 	0.9826	  	 	 	0.9807	  	 	 	0.9786	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9683	  	 	 	0.9651	  	 	 	0.9617	  	 	 	0.9581	  	 	 	0.9541	  
	 	 	84	  	 	 	0.9867	  	 	 	0.9852	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9798	  	 	 	0.9776	  	 	 	0.9752	  	 	 	0.9727	  	 	 	0.9699	  	 	 	0.9669	  	 	 	0.9636	  	 	 	0.9601	  	 	 	0.9563	  
	 	 	85	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9809	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9741	  	 	 	0.9715	  	 	 	0.9686	  	 	 	0.9654	  	 	 	0.9621	  	 	 	0.9584	  

  
 35 

 APPENDICES 
  

TABLE I 
 Conversion From
Single Life to 
 Twelve Year Certain with 50% Joint & Survivor without Pop-Up 

CECONY Weekly Participants –1 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	25	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9804	  	 	 	0.9787	  	 	 	0.9768	  	 	 	0.9749	  	 	 	0.9729	  	 	 	0.9706	  	 	 	0.9681	  	 	 	0.9655	  	 	 	0.9626	  	 	 	0.9596	  	 	 	0.9564	  	 	 	0.9528	  
	 	 	26	  	 	 	0.9861	  	 	 	0.9849	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9773	  	 	 	0.9754	  	 	 	0.9733	  	 	 	0.9711	  	 	 	0.9687	  	 	 	0.9660	  	 	 	0.9632	  	 	 	0.9602	  	 	 	0.9570	  	 	 	0.9534	  
	 	 	27	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9812	  	 	 	0.9796	  	 	 	0.9778	  	 	 	0.9759	  	 	 	0.9738	  	 	 	0.9716	  	 	 	0.9692	  	 	 	0.9666	  	 	 	0.9638	  	 	 	0.9608	  	 	 	0.9576	  	 	 	0.9541	  
	 	 	28	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9816	  	 	 	0.9800	  	 	 	0.9782	  	 	 	0.9764	  	 	 	0.9744	  	 	 	0.9722	  	 	 	0.9698	  	 	 	0.9672	  	 	 	0.9644	  	 	 	0.9615	  	 	 	0.9582	  	 	 	0.9548	  
	 	 	29	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9787	  	 	 	0.9769	  	 	 	0.9749	  	 	 	0.9727	  	 	 	0.9703	  	 	 	0.9677	  	 	 	0.9651	  	 	 	0.9621	  	 	 	0.9589	  	 	 	0.9554	  
	 	 	30	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9839	  	 	 	0.9825	  	 	 	0.9809	  	 	 	0.9792	  	 	 	0.9774	  	 	 	0.9755	  	 	 	0.9733	  	 	 	0.9709	  	 	 	0.9684	  	 	 	0.9657	  	 	 	0.9628	  	 	 	0.9596	  	 	 	0.9561	  
	 	 	31	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9829	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9739	  	 	 	0.9715	  	 	 	0.9690	  	 	 	0.9664	  	 	 	0.9635	  	 	 	0.9603	  	 	 	0.9569	  
	 	 	32	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9784	  	 	 	0.9766	  	 	 	0.9745	  	 	 	0.9722	  	 	 	0.9697	  	 	 	0.9671	  	 	 	0.9642	  	 	 	0.9611	  	 	 	0.9577	  
	 	 	33	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9728	  	 	 	0.9703	  	 	 	0.9678	  	 	 	0.9649	  	 	 	0.9618	  	 	 	0.9585	  
	 	 	34	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9777	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9710	  	 	 	0.9685	  	 	 	0.9657	  	 	 	0.9626	  	 	 	0.9593	  
	 	 	35	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9763	  	 	 	0.9741	  	 	 	0.9717	  	 	 	0.9692	  	 	 	0.9664	  	 	 	0.9634	  	 	 	0.9601	  
	 	 	36	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9672	  	 	 	0.9643	  	 	 	0.9610	  
	 	 	37	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9755	  	 	 	0.9732	  	 	 	0.9708	  	 	 	0.9680	  	 	 	0.9652	  	 	 	0.9619	  
	 	 	38	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9715	  	 	 	0.9689	  	 	 	0.9660	  	 	 	0.9629	  
	 	 	39	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9669	  	 	 	0.9638	  
	 	 	40	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9678	  	 	 	0.9648	  
	 	 	41	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9687	  	 	 	0.9658	  
	 	 	42	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9697	  	 	 	0.9667	  
	 	 	43	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9776	  	 	 	0.9756	  	 	 	0.9731	  	 	 	0.9706	  	 	 	0.9677	  
	 	 	44	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9740	  	 	 	0.9715	  	 	 	0.9687	  
	 	 	45	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9749	  	 	 	0.9724	  	 	 	0.9697	  
	 	 	46	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9707	  
	 	 	47	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9717	  
	 	 	48	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9752	  	 	 	0.9726	  
	 	 	49	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9736	  
	 	 	50	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9791	  	 	 	0.9770	  	 	 	0.9746	  
	 	 	51	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9779	  	 	 	0.9756	  
	 	 	52	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9765	  
	 	 	53	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9816	  	 	 	0.9797	  	 	 	0.9775	  
	 	 	54	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9805	  	 	 	0.9785	  
	 	 	55	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9814	  	 	 	0.9793	  

  
 36 

 APPENDICES 
  

 TABLE I 

Conversion from Single Life to 

Twelve Year Certain with 50% Joint & Survivor without Pop-Up 

CECONY Weekly Participant –1 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	56	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9802	  
	 	 	57	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9830	  	 	 	0.9811	  
	 	 	58	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9820	  
	 	 	59	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9828	  
	 	 	60	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9836	  
	 	 	61	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9844	  
	 	 	62	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9852	  
	 	 	63	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9859	  
	 	 	64	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9958	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9866	  
	 	 	65	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9885	  	 	 	0.9872	  
	 	 	66	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9878	  
	 	 	67	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9896	  	 	 	0.9884	  
	 	 	68	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9890	  
	 	 	69	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9895	  
	 	 	70	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9910	  	 	 	0.9900	  
	 	 	71	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9905	  
	 	 	72	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9909	  
	 	 	73	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9922	  	 	 	0.9913	  
	 	 	74	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9926	  	 	 	0.9917	  
	 	 	75	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9920	  
	 	 	76	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9923	  
	 	 	77	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9926	  
	 	 	78	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  
	 	 	79	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9931	  
	 	 	80	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9940	  	 	 	0.9933	  
	 	 	81	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9942	  	 	 	0.9935	  
	 	 	82	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9983	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  
	 	 	83	  	 	 	0.9986	  	 	 	0.9983	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9938	  
	 	 	84	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9939	  
	 	 	85	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  

  
 37 

 APPENDICES 
  

 TABLE I 

Conversion from Single Life Annuity to 

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up 

CECONY Weekly Participant –1 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	25	  	 	 	0.9491	  	 	 	0.9453	  	 	 	0.9410	  	 	 	0.9367	  	 	 	0.9319	  	 	 	0.9270	  	 	 	0.9218	  	 	 	0.9162	  	 	 	0.9102	  	 	 	0.9039	  	 	 	0.8972	  	 	 	0.8899	  	 	 	0.8822	  	 	 	0.8738	  	 	 	0.8650	  	 	 	0.8555	  
	 	 	26	  	 	 	0.9498	  	 	 	0.9459	  	 	 	0.9417	  	 	 	0.9373	  	 	 	0.9327	  	 	 	0.9278	  	 	 	0.9225	  	 	 	0.9169	  	 	 	0.9110	  	 	 	0.9047	  	 	 	0.8979	  	 	 	0.8907	  	 	 	0.8830	  	 	 	0.8746	  	 	 	0.8658	  	 	 	0.8563	  
	 	 	27	  	 	 	0.9505	  	 	 	0.9466	  	 	 	0.9424	  	 	 	0.9380	  	 	 	0.9334	  	 	 	0.9285	  	 	 	0.9233	  	 	 	0.9177	  	 	 	0.9118	  	 	 	0.9055	  	 	 	0.8987	  	 	 	0.8915	  	 	 	0.8838	  	 	 	0.8755	  	 	 	0.8666	  	 	 	0.8572	  
	 	 	28	  	 	 	0.9511	  	 	 	0.9473	  	 	 	0.9431	  	 	 	0.9388	  	 	 	0.9341	  	 	 	0.9293	  	 	 	0.9241	  	 	 	0.9185	  	 	 	0.9126	  	 	 	0.9063	  	 	 	0.8996	  	 	 	0.8924	  	 	 	0.8847	  	 	 	0.8764	  	 	 	0.8676	  	 	 	0.8581	  
	 	 	29	  	 	 	0.9519	  	 	 	0.9480	  	 	 	0.9439	  	 	 	0.9396	  	 	 	0.9349	  	 	 	0.9301	  	 	 	0.9249	  	 	 	0.9194	  	 	 	0.9135	  	 	 	0.9073	  	 	 	0.9005	  	 	 	0.8933	  	 	 	0.8856	  	 	 	0.8774	  	 	 	0.8685	  	 	 	0.8591	  
	 	 	30	  	 	 	0.9526	  	 	 	0.9488	  	 	 	0.9447	  	 	 	0.9404	  	 	 	0.9358	  	 	 	0.9310	  	 	 	0.9258	  	 	 	0.9203	  	 	 	0.9144	  	 	 	0.9082	  	 	 	0.9014	  	 	 	0.8943	  	 	 	0.8866	  	 	 	0.8784	  	 	 	0.8695	  	 	 	0.8601	  
	 	 	31	  	 	 	0.9534	  	 	 	0.9496	  	 	 	0.9455	  	 	 	0.9412	  	 	 	0.9367	  	 	 	0.9319	  	 	 	0.9267	  	 	 	0.9213	  	 	 	0.9153	  	 	 	0.9092	  	 	 	0.9025	  	 	 	0.8953	  	 	 	0.8877	  	 	 	0.8794	  	 	 	0.8706	  	 	 	0.8611	  
	 	 	32	  	 	 	0.9542	  	 	 	0.9504	  	 	 	0.9464	  	 	 	0.9421	  	 	 	0.9376	  	 	 	0.9328	  	 	 	0.9277	  	 	 	0.9223	  	 	 	0.9164	  	 	 	0.9102	  	 	 	0.9035	  	 	 	0.8964	  	 	 	0.8887	  	 	 	0.8805	  	 	 	0.8717	  	 	 	0.8623	  
	 	 	33	  	 	 	0.9550	  	 	 	0.9513	  	 	 	0.9473	  	 	 	0.9430	  	 	 	0.9386	  	 	 	0.9338	  	 	 	0.9287	  	 	 	0.9233	  	 	 	0.9175	  	 	 	0.9113	  	 	 	0.9046	  	 	 	0.8976	  	 	 	0.8899	  	 	 	0.8817	  	 	 	0.8729	  	 	 	0.8635	  
	 	 	34	  	 	 	0.9559	  	 	 	0.9522	  	 	 	0.9482	  	 	 	0.9440	  	 	 	0.9395	  	 	 	0.9348	  	 	 	0.9298	  	 	 	0.9244	  	 	 	0.9186	  	 	 	0.9124	  	 	 	0.9058	  	 	 	0.8987	  	 	 	0.8912	  	 	 	0.8830	  	 	 	0.8742	  	 	 	0.8648	  
	 	 	35	  	 	 	0.9568	  	 	 	0.9531	  	 	 	0.9492	  	 	 	0.9450	  	 	 	0.9406	  	 	 	0.9358	  	 	 	0.9308	  	 	 	0.9255	  	 	 	0.9197	  	 	 	0.9137	  	 	 	0.9070	  	 	 	0.9000	  	 	 	0.8924	  	 	 	0.8842	  	 	 	0.8755	  	 	 	0.8661	  
	 	 	36	  	 	 	0.9577	  	 	 	0.9541	  	 	 	0.9502	  	 	 	0.9460	  	 	 	0.9417	  	 	 	0.9370	  	 	 	0.9320	  	 	 	0.9267	  	 	 	0.9209	  	 	 	0.9149	  	 	 	0.9083	  	 	 	0.9013	  	 	 	0.8937	  	 	 	0.8856	  	 	 	0.8769	  	 	 	0.8675	  
	 	 	37	  	 	 	0.9587	  	 	 	0.9551	  	 	 	0.9512	  	 	 	0.9471	  	 	 	0.9428	  	 	 	0.9382	  	 	 	0.9332	  	 	 	0.9279	  	 	 	0.9222	  	 	 	0.9162	  	 	 	0.9096	  	 	 	0.9027	  	 	 	0.8951	  	 	 	0.8870	  	 	 	0.8784	  	 	 	0.8691	  
	 	 	38	  	 	 	0.9596	  	 	 	0.9560	  	 	 	0.9523	  	 	 	0.9482	  	 	 	0.9439	  	 	 	0.9393	  	 	 	0.9344	  	 	 	0.9292	  	 	 	0.9235	  	 	 	0.9175	  	 	 	0.9110	  	 	 	0.9041	  	 	 	0.8966	  	 	 	0.8885	  	 	 	0.8798	  	 	 	0.8706	  
	 	 	39	  	 	 	0.9606	  	 	 	0.9571	  	 	 	0.9533	  	 	 	0.9493	  	 	 	0.9451	  	 	 	0.9405	  	 	 	0.9357	  	 	 	0.9305	  	 	 	0.9249	  	 	 	0.9189	  	 	 	0.9125	  	 	 	0.9056	  	 	 	0.8982	  	 	 	0.8901	  	 	 	0.8815	  	 	 	0.8722	  
	 	 	40	  	 	 	0.9616	  	 	 	0.9581	  	 	 	0.9544	  	 	 	0.9505	  	 	 	0.9463	  	 	 	0.9418	  	 	 	0.9370	  	 	 	0.9319	  	 	 	0.9263	  	 	 	0.9204	  	 	 	0.9140	  	 	 	0.9071	  	 	 	0.8997	  	 	 	0.8917	  	 	 	0.8832	  	 	 	0.8739	  
	 	 	41	  	 	 	0.9626	  	 	 	0.9592	  	 	 	0.9556	  	 	 	0.9517	  	 	 	0.9475	  	 	 	0.9431	  	 	 	0.9384	  	 	 	0.9333	  	 	 	0.9277	  	 	 	0.9219	  	 	 	0.9156	  	 	 	0.9088	  	 	 	0.9014	  	 	 	0.8934	  	 	 	0.8849	  	 	 	0.8757	  
	 	 	42	  	 	 	0.9636	  	 	 	0.9603	  	 	 	0.9567	  	 	 	0.9529	  	 	 	0.9488	  	 	 	0.9445	  	 	 	0.9398	  	 	 	0.9347	  	 	 	0.9293	  	 	 	0.9235	  	 	 	0.9172	  	 	 	0.9104	  	 	 	0.9031	  	 	 	0.8952	  	 	 	0.8868	  	 	 	0.8776	  
	 	 	43	  	 	 	0.9647	  	 	 	0.9615	  	 	 	0.9579	  	 	 	0.9541	  	 	 	0.9501	  	 	 	0.9458	  	 	 	0.9412	  	 	 	0.9363	  	 	 	0.9308	  	 	 	0.9251	  	 	 	0.9188	  	 	 	0.9122	  	 	 	0.9049	  	 	 	0.8971	  	 	 	0.8886	  	 	 	0.8795	  
	 	 	44	  	 	 	0.9657	  	 	 	0.9625	  	 	 	0.9591	  	 	 	0.9554	  	 	 	0.9514	  	 	 	0.9472	  	 	 	0.9426	  	 	 	0.9378	  	 	 	0.9324	  	 	 	0.9268	  	 	 	0.9206	  	 	 	0.9140	  	 	 	0.9067	  	 	 	0.8989	  	 	 	0.8906	  	 	 	0.8815	  
	 	 	45	  	 	 	0.9668	  	 	 	0.9637	  	 	 	0.9602	  	 	 	0.9566	  	 	 	0.9527	  	 	 	0.9486	  	 	 	0.9442	  	 	 	0.9393	  	 	 	0.9340	  	 	 	0.9285	  	 	 	0.9223	  	 	 	0.9158	  	 	 	0.9087	  	 	 	0.9009	  	 	 	0.8926	  	 	 	0.8836	  
	 	 	46	  	 	 	0.9679	  	 	 	0.9648	  	 	 	0.9615	  	 	 	0.9579	  	 	 	0.9541	  	 	 	0.9500	  	 	 	0.9457	  	 	 	0.9409	  	 	 	0.9357	  	 	 	0.9302	  	 	 	0.9241	  	 	 	0.9177	  	 	 	0.9107	  	 	 	0.9030	  	 	 	0.8948	  	 	 	0.8858	  
	 	 	47	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9627	  	 	 	0.9592	  	 	 	0.9555	  	 	 	0.9515	  	 	 	0.9472	  	 	 	0.9425	  	 	 	0.9374	  	 	 	0.9320	  	 	 	0.9261	  	 	 	0.9196	  	 	 	0.9127	  	 	 	0.9051	  	 	 	0.8969	  	 	 	0.8881	  
	 	 	48	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9639	  	 	 	0.9605	  	 	 	0.9569	  	 	 	0.9530	  	 	 	0.9488	  	 	 	0.9442	  	 	 	0.9392	  	 	 	0.9338	  	 	 	0.9280	  	 	 	0.9216	  	 	 	0.9148	  	 	 	0.9073	  	 	 	0.8992	  	 	 	0.8904	  
	 	 	49	  	 	 	0.9711	  	 	 	0.9682	  	 	 	0.9651	  	 	 	0.9618	  	 	 	0.9583	  	 	 	0.9545	  	 	 	0.9504	  	 	 	0.9458	  	 	 	0.9410	  	 	 	0.9357	  	 	 	0.9299	  	 	 	0.9237	  	 	 	0.9169	  	 	 	0.9095	  	 	 	0.9015	  	 	 	0.8928	  
	 	 	50	  	 	 	0.9721	  	 	 	0.9694	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9597	  	 	 	0.9559	  	 	 	0.9519	  	 	 	0.9475	  	 	 	0.9427	  	 	 	0.9376	  	 	 	0.9319	  	 	 	0.9258	  	 	 	0.9191	  	 	 	0.9118	  	 	 	0.9039	  	 	 	0.8953	  
	 	 	51	  	 	 	0.9732	  	 	 	0.9705	  	 	 	0.9676	  	 	 	0.9645	  	 	 	0.9611	  	 	 	0.9575	  	 	 	0.9536	  	 	 	0.9492	  	 	 	0.9445	  	 	 	0.9395	  	 	 	0.9339	  	 	 	0.9279	  	 	 	0.9213	  	 	 	0.9141	  	 	 	0.9063	  	 	 	0.8978	  
	 	 	52	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9688	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9590	  	 	 	0.9551	  	 	 	0.9510	  	 	 	0.9463	  	 	 	0.9414	  	 	 	0.9359	  	 	 	0.9301	  	 	 	0.9236	  	 	 	0.9165	  	 	 	0.9088	  	 	 	0.9004	  
	 	 	53	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9639	  	 	 	0.9604	  	 	 	0.9568	  	 	 	0.9527	  	 	 	0.9481	  	 	 	0.9434	  	 	 	0.9380	  	 	 	0.9323	  	 	 	0.9259	  	 	 	0.9189	  	 	 	0.9113	  	 	 	0.9030	  
	 	 	54	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9683	  	 	 	0.9652	  	 	 	0.9619	  	 	 	0.9583	  	 	 	0.9543	  	 	 	0.9500	  	 	 	0.9453	  	 	 	0.9400	  	 	 	0.9344	  	 	 	0.9282	  	 	 	0.9214	  	 	 	0.9139	  	 	 	0.9057	  
	 	 	55	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9723	  	 	 	0.9696	  	 	 	0.9667	  	 	 	0.9634	  	 	 	0.9599	  	 	 	0.9561	  	 	 	0.9518	  	 	 	0.9472	  	 	 	0.9422	  	 	 	0.9366	  	 	 	0.9306	  	 	 	0.9238	  	 	 	0.9165	  	 	 	0.9085	  

  
 38 

 APPENDICES 
  

 TABLE I 

Conversion from Single Life Annuity to 

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up 

CECONY Weekly Participant –1 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	56	  	 	 	0.9782	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9680	  	 	 	0.9648	  	 	 	0.9615	  	 	 	0.9577	  	 	 	0.9536	  	 	 	0.9492	  	 	 	0.9443	  	 	 	0.9389	  	 	 	0.9330	  	 	 	0.9263	  	 	 	0.9191	  	 	 	0.9113	  
	 	 	57	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9747	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9663	  	 	 	0.9631	  	 	 	0.9595	  	 	 	0.9554	  	 	 	0.9511	  	 	 	0.9463	  	 	 	0.9411	  	 	 	0.9353	  	 	 	0.9288	  	 	 	0.9219	  	 	 	0.9141	  
	 	 	58	  	 	 	0.9801	  	 	 	0.9781	  	 	 	0.9758	  	 	 	0.9733	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9612	  	 	 	0.9573	  	 	 	0.9531	  	 	 	0.9484	  	 	 	0.9433	  	 	 	0.9376	  	 	 	0.9314	  	 	 	0.9245	  	 	 	0.9169	  
	 	 	59	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9745	  	 	 	0.9719	  	 	 	0.9691	  	 	 	0.9661	  	 	 	0.9628	  	 	 	0.9590	  	 	 	0.9550	  	 	 	0.9505	  	 	 	0.9456	  	 	 	0.9401	  	 	 	0.9339	  	 	 	0.9272	  	 	 	0.9199	  
	 	 	60	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9732	  	 	 	0.9705	  	 	 	0.9676	  	 	 	0.9644	  	 	 	0.9607	  	 	 	0.9569	  	 	 	0.9525	  	 	 	0.9478	  	 	 	0.9424	  	 	 	0.9365	  	 	 	0.9300	  	 	 	0.9227	  
	 	 	61	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9691	  	 	 	0.9660	  	 	 	0.9625	  	 	 	0.9587	  	 	 	0.9545	  	 	 	0.9499	  	 	 	0.9447	  	 	 	0.9390	  	 	 	0.9326	  	 	 	0.9256	  
	 	 	62	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9756	  	 	 	0.9731	  	 	 	0.9704	  	 	 	0.9675	  	 	 	0.9641	  	 	 	0.9606	  	 	 	0.9565	  	 	 	0.9520	  	 	 	0.9471	  	 	 	0.9414	  	 	 	0.9353	  	 	 	0.9284	  
	 	 	63	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9690	  	 	 	0.9658	  	 	 	0.9623	  	 	 	0.9584	  	 	 	0.9541	  	 	 	0.9493	  	 	 	0.9439	  	 	 	0.9378	  	 	 	0.9312	  
	 	 	64	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9756	  	 	 	0.9732	  	 	 	0.9704	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9603	  	 	 	0.9562	  	 	 	0.9515	  	 	 	0.9463	  	 	 	0.9404	  	 	 	0.9339	  
	 	 	65	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9657	  	 	 	0.9621	  	 	 	0.9581	  	 	 	0.9536	  	 	 	0.9485	  	 	 	0.9430	  	 	 	0.9366	  
	 	 	66	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9756	  	 	 	0.9731	  	 	 	0.9704	  	 	 	0.9674	  	 	 	0.9639	  	 	 	0.9600	  	 	 	0.9557	  	 	 	0.9508	  	 	 	0.9454	  	 	 	0.9393	  
	 	 	67	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9745	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9655	  	 	 	0.9619	  	 	 	0.9577	  	 	 	0.9530	  	 	 	0.9477	  	 	 	0.9419	  
	 	 	68	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9731	  	 	 	0.9704	  	 	 	0.9671	  	 	 	0.9636	  	 	 	0.9596	  	 	 	0.9551	  	 	 	0.9501	  	 	 	0.9444	  
	 	 	69	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9768	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9686	  	 	 	0.9653	  	 	 	0.9615	  	 	 	0.9571	  	 	 	0.9522	  	 	 	0.9467	  
	 	 	70	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9800	  	 	 	0.9779	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9701	  	 	 	0.9669	  	 	 	0.9632	  	 	 	0.9590	  	 	 	0.9543	  	 	 	0.9490	  
	 	 	71	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9743	  	 	 	0.9714	  	 	 	0.9684	  	 	 	0.9648	  	 	 	0.9608	  	 	 	0.9563	  	 	 	0.9512	  
	 	 	72	  	 	 	0.9900	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9728	  	 	 	0.9698	  	 	 	0.9664	  	 	 	0.9625	  	 	 	0.9581	  	 	 	0.9532	  
	 	 	73	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9740	  	 	 	0.9711	  	 	 	0.9679	  	 	 	0.9641	  	 	 	0.9599	  	 	 	0.9551	  
	 	 	74	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9750	  	 	 	0.9723	  	 	 	0.9692	  	 	 	0.9656	  	 	 	0.9615	  	 	 	0.9569	  
	 	 	75	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9823	  	 	 	0.9804	  	 	 	0.9784	  	 	 	0.9760	  	 	 	0.9734	  	 	 	0.9705	  	 	 	0.9669	  	 	 	0.9630	  	 	 	0.9586	  
	 	 	76	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9770	  	 	 	0.9745	  	 	 	0.9716	  	 	 	0.9683	  	 	 	0.9645	  	 	 	0.9601	  
	 	 	77	  	 	 	0.9919	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9754	  	 	 	0.9726	  	 	 	0.9694	  	 	 	0.9657	  	 	 	0.9615	  
	 	 	78	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9786	  	 	 	0.9763	  	 	 	0.9736	  	 	 	0.9705	  	 	 	0.9669	  	 	 	0.9628	  
	 	 	79	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9793	  	 	 	0.9771	  	 	 	0.9745	  	 	 	0.9713	  	 	 	0.9679	  	 	 	0.9639	  
	 	 	80	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9836	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9752	  	 	 	0.9722	  	 	 	0.9689	  	 	 	0.9650	  
	 	 	81	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9805	  	 	 	0.9784	  	 	 	0.9759	  	 	 	0.9730	  	 	 	0.9697	  	 	 	0.9660	  
	 	 	82	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9810	  	 	 	0.9789	  	 	 	0.9765	  	 	 	0.9736	  	 	 	0.9705	  	 	 	0.9668	  
	 	 	83	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9814	  	 	 	0.9794	  	 	 	0.9770	  	 	 	0.9743	  	 	 	0.9711	  	 	 	0.9676	  
	 	 	84	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9798	  	 	 	0.9775	  	 	 	0.9748	  	 	 	0.9718	  	 	 	0.9682	  
	 	 	85	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9779	  	 	 	0.9752	  	 	 	0.9722	  	 	 	0.9687	  

  
 39 

 APPENDICES 
  

 TABLE I 

Conversion from Single Life Annuity to 

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up 

CECONY Weekly Participant –1 
  

																																																													
	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.8455	  	 	 	0.8347	  	 	 	0.8232	  	 	 	0.8112	  	 	 	0.7984	  	 	 	0.7851	  	 	 	0.7710	  	 	 	0.7563	  	 	 	0.7410	  	 	 	0.7250	  	 	 	0.7083	  	 	 	0.6909	  	 	 	0.6729	  	 	 	0.6544	  
	 	 	26	  	 	 	0.8462	  	 	 	0.8355	  	 	 	0.8241	  	 	 	0.8121	  	 	 	0.7993	  	 	 	0.7859	  	 	 	0.7718	  	 	 	0.7571	  	 	 	0.7418	  	 	 	0.7258	  	 	 	0.7091	  	 	 	0.6917	  	 	 	0.6737	  	 	 	0.6552	  
	 	 	27	  	 	 	0.8472	  	 	 	0.8364	  	 	 	0.8250	  	 	 	0.8129	  	 	 	0.8001	  	 	 	0.7868	  	 	 	0.7727	  	 	 	0.7580	  	 	 	0.7426	  	 	 	0.7266	  	 	 	0.7099	  	 	 	0.6926	  	 	 	0.6745	  	 	 	0.6560	  
	 	 	28	  	 	 	0.8481	  	 	 	0.8373	  	 	 	0.8259	  	 	 	0.8139	  	 	 	0.8011	  	 	 	0.7877	  	 	 	0.7737	  	 	 	0.7589	  	 	 	0.7436	  	 	 	0.7275	  	 	 	0.7108	  	 	 	0.6934	  	 	 	0.6754	  	 	 	0.6569	  
	 	 	29	  	 	 	0.8490	  	 	 	0.8383	  	 	 	0.8269	  	 	 	0.8149	  	 	 	0.8021	  	 	 	0.7887	  	 	 	0.7746	  	 	 	0.7599	  	 	 	0.7445	  	 	 	0.7285	  	 	 	0.7118	  	 	 	0.6944	  	 	 	0.6763	  	 	 	0.6578	  
	 	 	30	  	 	 	0.8501	  	 	 	0.8393	  	 	 	0.8279	  	 	 	0.8159	  	 	 	0.8032	  	 	 	0.7898	  	 	 	0.7757	  	 	 	0.7610	  	 	 	0.7456	  	 	 	0.7296	  	 	 	0.7129	  	 	 	0.6954	  	 	 	0.6773	  	 	 	0.6588	  
	 	 	31	  	 	 	0.8511	  	 	 	0.8404	  	 	 	0.8290	  	 	 	0.8170	  	 	 	0.8043	  	 	 	0.7909	  	 	 	0.7768	  	 	 	0.7621	  	 	 	0.7467	  	 	 	0.7307	  	 	 	0.7140	  	 	 	0.6965	  	 	 	0.6784	  	 	 	0.6599	  
	 	 	32	  	 	 	0.8523	  	 	 	0.8416	  	 	 	0.8302	  	 	 	0.8182	  	 	 	0.8055	  	 	 	0.7921	  	 	 	0.7780	  	 	 	0.7633	  	 	 	0.7479	  	 	 	0.7318	  	 	 	0.7151	  	 	 	0.6977	  	 	 	0.6795	  	 	 	0.6609	  
	 	 	33	  	 	 	0.8535	  	 	 	0.8428	  	 	 	0.8315	  	 	 	0.8195	  	 	 	0.8067	  	 	 	0.7933	  	 	 	0.7792	  	 	 	0.7645	  	 	 	0.7492	  	 	 	0.7331	  	 	 	0.7163	  	 	 	0.6989	  	 	 	0.6807	  	 	 	0.6622	  
	 	 	34	  	 	 	0.8548	  	 	 	0.8441	  	 	 	0.8327	  	 	 	0.8208	  	 	 	0.8081	  	 	 	0.7947	  	 	 	0.7806	  	 	 	0.7659	  	 	 	0.7505	  	 	 	0.7344	  	 	 	0.7176	  	 	 	0.7002	  	 	 	0.6820	  	 	 	0.6634	  
	 	 	35	  	 	 	0.8562	  	 	 	0.8455	  	 	 	0.8342	  	 	 	0.8222	  	 	 	0.8095	  	 	 	0.7961	  	 	 	0.7820	  	 	 	0.7673	  	 	 	0.7519	  	 	 	0.7358	  	 	 	0.7190	  	 	 	0.7016	  	 	 	0.6834	  	 	 	0.6648	  
	 	 	36	  	 	 	0.8576	  	 	 	0.8469	  	 	 	0.8356	  	 	 	0.8237	  	 	 	0.8109	  	 	 	0.7976	  	 	 	0.7835	  	 	 	0.7688	  	 	 	0.7534	  	 	 	0.7373	  	 	 	0.7205	  	 	 	0.7030	  	 	 	0.6848	  	 	 	0.6662	  
	 	 	37	  	 	 	0.8591	  	 	 	0.8484	  	 	 	0.8372	  	 	 	0.8252	  	 	 	0.8125	  	 	 	0.7991	  	 	 	0.7850	  	 	 	0.7704	  	 	 	0.7550	  	 	 	0.7389	  	 	 	0.7221	  	 	 	0.7046	  	 	 	0.6864	  	 	 	0.6677	  
	 	 	38	  	 	 	0.8607	  	 	 	0.8501	  	 	 	0.8388	  	 	 	0.8269	  	 	 	0.8141	  	 	 	0.8008	  	 	 	0.7867	  	 	 	0.7720	  	 	 	0.7566	  	 	 	0.7406	  	 	 	0.7237	  	 	 	0.7062	  	 	 	0.6880	  	 	 	0.6693	  
	 	 	39	  	 	 	0.8624	  	 	 	0.8518	  	 	 	0.8405	  	 	 	0.8286	  	 	 	0.8159	  	 	 	0.8026	  	 	 	0.7885	  	 	 	0.7738	  	 	 	0.7584	  	 	 	0.7423	  	 	 	0.7255	  	 	 	0.7080	  	 	 	0.6897	  	 	 	0.6710	  
	 	 	40	  	 	 	0.8641	  	 	 	0.8535	  	 	 	0.8422	  	 	 	0.8304	  	 	 	0.8177	  	 	 	0.8044	  	 	 	0.7904	  	 	 	0.7756	  	 	 	0.7603	  	 	 	0.7442	  	 	 	0.7273	  	 	 	0.7098	  	 	 	0.6916	  	 	 	0.6728	  
	 	 	41	  	 	 	0.8659	  	 	 	0.8554	  	 	 	0.8441	  	 	 	0.8323	  	 	 	0.8197	  	 	 	0.8064	  	 	 	0.7923	  	 	 	0.7777	  	 	 	0.7623	  	 	 	0.7462	  	 	 	0.7293	  	 	 	0.7117	  	 	 	0.6935	  	 	 	0.6747	  
	 	 	42	  	 	 	0.8678	  	 	 	0.8574	  	 	 	0.8461	  	 	 	0.8343	  	 	 	0.8217	  	 	 	0.8085	  	 	 	0.7944	  	 	 	0.7797	  	 	 	0.7643	  	 	 	0.7482	  	 	 	0.7314	  	 	 	0.7138	  	 	 	0.6955	  	 	 	0.6767	  
	 	 	43	  	 	 	0.8698	  	 	 	0.8594	  	 	 	0.8482	  	 	 	0.8364	  	 	 	0.8239	  	 	 	0.8106	  	 	 	0.7965	  	 	 	0.7819	  	 	 	0.7665	  	 	 	0.7504	  	 	 	0.7335	  	 	 	0.7160	  	 	 	0.6977	  	 	 	0.6789	  
	 	 	44	  	 	 	0.8719	  	 	 	0.8615	  	 	 	0.8503	  	 	 	0.8386	  	 	 	0.8261	  	 	 	0.8129	  	 	 	0.7988	  	 	 	0.7842	  	 	 	0.7688	  	 	 	0.7527	  	 	 	0.7359	  	 	 	0.7183	  	 	 	0.6999	  	 	 	0.6811	  
	 	 	45	  	 	 	0.8741	  	 	 	0.8637	  	 	 	0.8527	  	 	 	0.8409	  	 	 	0.8284	  	 	 	0.8152	  	 	 	0.8012	  	 	 	0.7866	  	 	 	0.7712	  	 	 	0.7552	  	 	 	0.7383	  	 	 	0.7207	  	 	 	0.7023	  	 	 	0.6835	  
	 	 	46	  	 	 	0.8763	  	 	 	0.8660	  	 	 	0.8550	  	 	 	0.8433	  	 	 	0.8308	  	 	 	0.8177	  	 	 	0.8037	  	 	 	0.7891	  	 	 	0.7738	  	 	 	0.7577	  	 	 	0.7408	  	 	 	0.7232	  	 	 	0.7048	  	 	 	0.6860	  
	 	 	47	  	 	 	0.8786	  	 	 	0.8684	  	 	 	0.8574	  	 	 	0.8458	  	 	 	0.8334	  	 	 	0.8203	  	 	 	0.8063	  	 	 	0.7917	  	 	 	0.7764	  	 	 	0.7603	  	 	 	0.7435	  	 	 	0.7259	  	 	 	0.7075	  	 	 	0.6886	  
	 	 	48	  	 	 	0.8810	  	 	 	0.8708	  	 	 	0.8600	  	 	 	0.8484	  	 	 	0.8360	  	 	 	0.8229	  	 	 	0.8091	  	 	 	0.7945	  	 	 	0.7792	  	 	 	0.7631	  	 	 	0.7463	  	 	 	0.7286	  	 	 	0.7102	  	 	 	0.6914	  
	 	 	49	  	 	 	0.8835	  	 	 	0.8734	  	 	 	0.8625	  	 	 	0.8510	  	 	 	0.8387	  	 	 	0.8257	  	 	 	0.8119	  	 	 	0.7974	  	 	 	0.7821	  	 	 	0.7660	  	 	 	0.7492	  	 	 	0.7316	  	 	 	0.7132	  	 	 	0.6942	  
	 	 	50	  	 	 	0.8861	  	 	 	0.8760	  	 	 	0.8653	  	 	 	0.8539	  	 	 	0.8416	  	 	 	0.8287	  	 	 	0.8149	  	 	 	0.8003	  	 	 	0.7851	  	 	 	0.7690	  	 	 	0.7522	  	 	 	0.7346	  	 	 	0.7162	  	 	 	0.6973	  
	 	 	51	  	 	 	0.8887	  	 	 	0.8787	  	 	 	0.8681	  	 	 	0.8567	  	 	 	0.8446	  	 	 	0.8317	  	 	 	0.8179	  	 	 	0.8034	  	 	 	0.7882	  	 	 	0.7723	  	 	 	0.7555	  	 	 	0.7378	  	 	 	0.7194	  	 	 	0.7004	  
	 	 	52	  	 	 	0.8914	  	 	 	0.8816	  	 	 	0.8710	  	 	 	0.8597	  	 	 	0.8476	  	 	 	0.8347	  	 	 	0.8211	  	 	 	0.8067	  	 	 	0.7916	  	 	 	0.7756	  	 	 	0.7588	  	 	 	0.7412	  	 	 	0.7228	  	 	 	0.7038	  
	 	 	53	  	 	 	0.8941	  	 	 	0.8844	  	 	 	0.8739	  	 	 	0.8628	  	 	 	0.8507	  	 	 	0.8381	  	 	 	0.8244	  	 	 	0.8101	  	 	 	0.7950	  	 	 	0.7790	  	 	 	0.7622	  	 	 	0.7447	  	 	 	0.7262	  	 	 	0.7073	  
	 	 	54	  	 	 	0.8970	  	 	 	0.8874	  	 	 	0.8770	  	 	 	0.8659	  	 	 	0.8540	  	 	 	0.8414	  	 	 	0.8279	  	 	 	0.8136	  	 	 	0.7985	  	 	 	0.7826	  	 	 	0.7659	  	 	 	0.7483	  	 	 	0.7299	  	 	 	0.7110	  
	 	 	55	  	 	 	0.8998	  	 	 	0.8903	  	 	 	0.8801	  	 	 	0.8692	  	 	 	0.8574	  	 	 	0.8448	  	 	 	0.8314	  	 	 	0.8172	  	 	 	0.8023	  	 	 	0.7864	  	 	 	0.7697	  	 	 	0.7522	  	 	 	0.7338	  	 	 	0.7148	  

  
 40 

 APPENDICES 
  

 TABLE I 

Conversion from Single Life Annuity to 

12 Year Certain And Life With 50% Joint And Survivor Without Pop Up 

CECONY Weekly Participant –1 
  

																																																													
	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.9028	  	 	 	0.8934	  	 	 	0.8833	  	 	 	0.8725	  	 	 	0.8608	  	 	 	0.8484	  	 	 	0.8351	  	 	 	0.8209	  	 	 	0.8060	  	 	 	0.7903	  	 	 	0.7736	  	 	 	0.7561	  	 	 	0.7377	  	 	 	0.7187	  
	 	 	57	  	 	 	0.9057	  	 	 	0.8965	  	 	 	0.8866	  	 	 	0.8759	  	 	 	0.8643	  	 	 	0.8520	  	 	 	0.8388	  	 	 	0.8248	  	 	 	0.8100	  	 	 	0.7943	  	 	 	0.7777	  	 	 	0.7602	  	 	 	0.7419	  	 	 	0.7229	  
	 	 	58	  	 	 	0.9087	  	 	 	0.8997	  	 	 	0.8899	  	 	 	0.8793	  	 	 	0.8680	  	 	 	0.8557	  	 	 	0.8427	  	 	 	0.8288	  	 	 	0.8141	  	 	 	0.7985	  	 	 	0.7819	  	 	 	0.7645	  	 	 	0.7462	  	 	 	0.7273	  
	 	 	59	  	 	 	0.9118	  	 	 	0.9029	  	 	 	0.8933	  	 	 	0.8829	  	 	 	0.8716	  	 	 	0.8595	  	 	 	0.8466	  	 	 	0.8328	  	 	 	0.8182	  	 	 	0.8027	  	 	 	0.7863	  	 	 	0.7689	  	 	 	0.7506	  	 	 	0.7317	  
	 	 	60	  	 	 	0.9148	  	 	 	0.9062	  	 	 	0.8966	  	 	 	0.8864	  	 	 	0.8753	  	 	 	0.8635	  	 	 	0.8506	  	 	 	0.8370	  	 	 	0.8225	  	 	 	0.8071	  	 	 	0.7907	  	 	 	0.7735	  	 	 	0.7553	  	 	 	0.7364	  
	 	 	61	  	 	 	0.9178	  	 	 	0.9093	  	 	 	0.9000	  	 	 	0.8900	  	 	 	0.8791	  	 	 	0.8674	  	 	 	0.8547	  	 	 	0.8412	  	 	 	0.8269	  	 	 	0.8116	  	 	 	0.7953	  	 	 	0.7781	  	 	 	0.7600	  	 	 	0.7411	  
	 	 	62	  	 	 	0.9208	  	 	 	0.9126	  	 	 	0.9035	  	 	 	0.8936	  	 	 	0.8829	  	 	 	0.8713	  	 	 	0.8589	  	 	 	0.8455	  	 	 	0.8313	  	 	 	0.8162	  	 	 	0.8000	  	 	 	0.7829	  	 	 	0.7648	  	 	 	0.7460	  
	 	 	63	  	 	 	0.9239	  	 	 	0.9158	  	 	 	0.9068	  	 	 	0.8972	  	 	 	0.8866	  	 	 	0.8753	  	 	 	0.8630	  	 	 	0.8498	  	 	 	0.8358	  	 	 	0.8208	  	 	 	0.8047	  	 	 	0.7878	  	 	 	0.7698	  	 	 	0.7510	  
	 	 	64	  	 	 	0.9268	  	 	 	0.9189	  	 	 	0.9102	  	 	 	0.9008	  	 	 	0.8905	  	 	 	0.8792	  	 	 	0.8672	  	 	 	0.8542	  	 	 	0.8403	  	 	 	0.8255	  	 	 	0.8096	  	 	 	0.7927	  	 	 	0.7748	  	 	 	0.7561	  
	 	 	65	  	 	 	0.9297	  	 	 	0.9220	  	 	 	0.9136	  	 	 	0.9043	  	 	 	0.8941	  	 	 	0.8833	  	 	 	0.8713	  	 	 	0.8585	  	 	 	0.8448	  	 	 	0.8301	  	 	 	0.8144	  	 	 	0.7976	  	 	 	0.7798	  	 	 	0.7613	  
	 	 	66	  	 	 	0.9326	  	 	 	0.9251	  	 	 	0.9168	  	 	 	0.9078	  	 	 	0.8978	  	 	 	0.8871	  	 	 	0.8754	  	 	 	0.8628	  	 	 	0.8493	  	 	 	0.8348	  	 	 	0.8192	  	 	 	0.8026	  	 	 	0.7850	  	 	 	0.7665	  
	 	 	67	  	 	 	0.9354	  	 	 	0.9281	  	 	 	0.9200	  	 	 	0.9112	  	 	 	0.9015	  	 	 	0.8910	  	 	 	0.8795	  	 	 	0.8671	  	 	 	0.8538	  	 	 	0.8395	  	 	 	0.8241	  	 	 	0.8076	  	 	 	0.7901	  	 	 	0.7717	  
	 	 	68	  	 	 	0.9381	  	 	 	0.9309	  	 	 	0.9231	  	 	 	0.9145	  	 	 	0.9051	  	 	 	0.8947	  	 	 	0.8835	  	 	 	0.8714	  	 	 	0.8582	  	 	 	0.8441	  	 	 	0.8288	  	 	 	0.8126	  	 	 	0.7951	  	 	 	0.7769	  
	 	 	69	  	 	 	0.9406	  	 	 	0.9337	  	 	 	0.9262	  	 	 	0.9178	  	 	 	0.9085	  	 	 	0.8985	  	 	 	0.8874	  	 	 	0.8755	  	 	 	0.8626	  	 	 	0.8486	  	 	 	0.8336	  	 	 	0.8174	  	 	 	0.8002	  	 	 	0.7821	  
	 	 	70	  	 	 	0.9431	  	 	 	0.9364	  	 	 	0.9290	  	 	 	0.9209	  	 	 	0.9118	  	 	 	0.9020	  	 	 	0.8912	  	 	 	0.8795	  	 	 	0.8668	  	 	 	0.8530	  	 	 	0.8382	  	 	 	0.8223	  	 	 	0.8051	  	 	 	0.7872	  
	 	 	71	  	 	 	0.9454	  	 	 	0.9390	  	 	 	0.9318	  	 	 	0.9239	  	 	 	0.9151	  	 	 	0.9054	  	 	 	0.8949	  	 	 	0.8834	  	 	 	0.8709	  	 	 	0.8574	  	 	 	0.8428	  	 	 	0.8270	  	 	 	0.8101	  	 	 	0.7922	  
	 	 	72	  	 	 	0.9477	  	 	 	0.9414	  	 	 	0.9344	  	 	 	0.9267	  	 	 	0.9181	  	 	 	0.9088	  	 	 	0.8984	  	 	 	0.8871	  	 	 	0.8748	  	 	 	0.8616	  	 	 	0.8471	  	 	 	0.8315	  	 	 	0.8148	  	 	 	0.7971	  
	 	 	73	  	 	 	0.9498	  	 	 	0.9437	  	 	 	0.9369	  	 	 	0.9294	  	 	 	0.9210	  	 	 	0.9119	  	 	 	0.9018	  	 	 	0.8907	  	 	 	0.8787	  	 	 	0.8656	  	 	 	0.8513	  	 	 	0.8360	  	 	 	0.8194	  	 	 	0.8018	  
	 	 	74	  	 	 	0.9517	  	 	 	0.9458	  	 	 	0.9393	  	 	 	0.9320	  	 	 	0.9238	  	 	 	0.9148	  	 	 	0.9049	  	 	 	0.8941	  	 	 	0.8823	  	 	 	0.8694	  	 	 	0.8554	  	 	 	0.8402	  	 	 	0.8237	  	 	 	0.8064	  
	 	 	75	  	 	 	0.9536	  	 	 	0.9478	  	 	 	0.9415	  	 	 	0.9344	  	 	 	0.9264	  	 	 	0.9177	  	 	 	0.9080	  	 	 	0.8974	  	 	 	0.8857	  	 	 	0.8730	  	 	 	0.8593	  	 	 	0.8442	  	 	 	0.8280	  	 	 	0.8107	  
	 	 	76	  	 	 	0.9553	  	 	 	0.9497	  	 	 	0.9435	  	 	 	0.9366	  	 	 	0.9288	  	 	 	0.9203	  	 	 	0.9108	  	 	 	0.9004	  	 	 	0.8889	  	 	 	0.8765	  	 	 	0.8628	  	 	 	0.8480	  	 	 	0.8320	  	 	 	0.8148	  
	 	 	77	  	 	 	0.9568	  	 	 	0.9515	  	 	 	0.9453	  	 	 	0.9386	  	 	 	0.9311	  	 	 	0.9226	  	 	 	0.9133	  	 	 	0.9032	  	 	 	0.8919	  	 	 	0.8797	  	 	 	0.8662	  	 	 	0.8516	  	 	 	0.8356	  	 	 	0.8187	  
	 	 	78	  	 	 	0.9582	  	 	 	0.9530	  	 	 	0.9471	  	 	 	0.9405	  	 	 	0.9330	  	 	 	0.9249	  	 	 	0.9158	  	 	 	0.9057	  	 	 	0.8948	  	 	 	0.8827	  	 	 	0.8694	  	 	 	0.8549	  	 	 	0.8391	  	 	 	0.8224	  
	 	 	79	  	 	 	0.9596	  	 	 	0.9544	  	 	 	0.9486	  	 	 	0.9422	  	 	 	0.9349	  	 	 	0.9270	  	 	 	0.9179	  	 	 	0.9081	  	 	 	0.8973	  	 	 	0.8854	  	 	 	0.8723	  	 	 	0.8580	  	 	 	0.8424	  	 	 	0.8258	  
	 	 	80	  	 	 	0.9607	  	 	 	0.9557	  	 	 	0.9500	  	 	 	0.9438	  	 	 	0.9367	  	 	 	0.9288	  	 	 	0.9199	  	 	 	0.9103	  	 	 	0.8997	  	 	 	0.8880	  	 	 	0.8749	  	 	 	0.8609	  	 	 	0.8454	  	 	 	0.8290	  
	 	 	81	  	 	 	0.9617	  	 	 	0.9569	  	 	 	0.9513	  	 	 	0.9451	  	 	 	0.9382	  	 	 	0.9305	  	 	 	0.9218	  	 	 	0.9123	  	 	 	0.9018	  	 	 	0.8902	  	 	 	0.8775	  	 	 	0.8634	  	 	 	0.8481	  	 	 	0.8317	  
	 	 	82	  	 	 	0.9627	  	 	 	0.9579	  	 	 	0.9524	  	 	 	0.9464	  	 	 	0.9395	  	 	 	0.9320	  	 	 	0.9235	  	 	 	0.9141	  	 	 	0.9037	  	 	 	0.8922	  	 	 	0.8796	  	 	 	0.8657	  	 	 	0.8506	  	 	 	0.8344	  
	 	 	83	  	 	 	0.9635	  	 	 	0.9588	  	 	 	0.9535	  	 	 	0.9476	  	 	 	0.9408	  	 	 	0.9333	  	 	 	0.9249	  	 	 	0.9156	  	 	 	0.9054	  	 	 	0.8941	  	 	 	0.8816	  	 	 	0.8679	  	 	 	0.8528	  	 	 	0.8368	  
	 	 	84	  	 	 	0.9642	  	 	 	0.9596	  	 	 	0.9543	  	 	 	0.9485	  	 	 	0.9419	  	 	 	0.9345	  	 	 	0.9262	  	 	 	0.9171	  	 	 	0.9070	  	 	 	0.8958	  	 	 	0.8833	  	 	 	0.8698	  	 	 	0.8549	  	 	 	0.8389	  
	 	 	85	  	 	 	0.9649	  	 	 	0.9603	  	 	 	0.9552	  	 	 	0.9494	  	 	 	0.9428	  	 	 	0.9356	  	 	 	0.9274	  	 	 	0.9183	  	 	 	0.9083	  	 	 	0.8972	  	 	 	0.8849	  	 	 	0.8714	  	 	 	0.8567	  	 	 	0.8407	  

  
 41 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
  

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	25	  	 	 	0.9822	  	 	 	0.9806	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9753	  	 	 	0.9733	  	 	 	0.9710	  	 	 	0.9686	  	 	 	0.9659	  	 	 	0.9631	  	 	 	0.9600	  	 	 	0.9567	  	 	 	0.9532	  	 	 	0.9494	  	 	 	0.9454	  	 	 	0.9409	  	 	 	0.9363	  
	 	 	26	  	 	 	0.9826	  	 	 	0.9811	  	 	 	0.9796	  	 	 	0.9778	  	 	 	0.9760	  	 	 	0.9739	  	 	 	0.9716	  	 	 	0.9693	  	 	 	0.9666	  	 	 	0.9639	  	 	 	0.9608	  	 	 	0.9576	  	 	 	0.9540	  	 	 	0.9503	  	 	 	0.9463	  	 	 	0.9420	  	 	 	0.9373	  
	 	 	27	  	 	 	0.9831	  	 	 	0.9817	  	 	 	0.9801	  	 	 	0.9784	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9700	  	 	 	0.9674	  	 	 	0.9647	  	 	 	0.9617	  	 	 	0.9584	  	 	 	0.9550	  	 	 	0.9513	  	 	 	0.9473	  	 	 	0.9430	  	 	 	0.9383	  
	 	 	28	  	 	 	0.9836	  	 	 	0.9822	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9752	  	 	 	0.9730	  	 	 	0.9708	  	 	 	0.9682	  	 	 	0.9655	  	 	 	0.9625	  	 	 	0.9594	  	 	 	0.9559	  	 	 	0.9523	  	 	 	0.9483	  	 	 	0.9441	  	 	 	0.9395	  
	 	 	29	  	 	 	0.9840	  	 	 	0.9827	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9778	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9715	  	 	 	0.9690	  	 	 	0.9664	  	 	 	0.9634	  	 	 	0.9603	  	 	 	0.9569	  	 	 	0.9533	  	 	 	0.9493	  	 	 	0.9452	  	 	 	0.9406	  
	 	 	30	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9801	  	 	 	0.9785	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9672	  	 	 	0.9643	  	 	 	0.9612	  	 	 	0.9579	  	 	 	0.9543	  	 	 	0.9505	  	 	 	0.9463	  	 	 	0.9418	  
	 	 	31	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9731	  	 	 	0.9706	  	 	 	0.9681	  	 	 	0.9652	  	 	 	0.9622	  	 	 	0.9589	  	 	 	0.9554	  	 	 	0.9516	  	 	 	0.9474	  	 	 	0.9430	  
	 	 	32	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9738	  	 	 	0.9714	  	 	 	0.9689	  	 	 	0.9662	  	 	 	0.9632	  	 	 	0.9600	  	 	 	0.9565	  	 	 	0.9527	  	 	 	0.9486	  	 	 	0.9443	  
	 	 	33	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9834	  	 	 	0.9819	  	 	 	0.9804	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9698	  	 	 	0.9671	  	 	 	0.9642	  	 	 	0.9610	  	 	 	0.9576	  	 	 	0.9539	  	 	 	0.9499	  	 	 	0.9455	  
	 	 	34	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9839	  	 	 	0.9825	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9774	  	 	 	0.9753	  	 	 	0.9730	  	 	 	0.9707	  	 	 	0.9680	  	 	 	0.9652	  	 	 	0.9620	  	 	 	0.9587	  	 	 	0.9551	  	 	 	0.9511	  	 	 	0.9469	  
	 	 	35	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9845	  	 	 	0.9831	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9781	  	 	 	0.9761	  	 	 	0.9739	  	 	 	0.9716	  	 	 	0.9690	  	 	 	0.9662	  	 	 	0.9631	  	 	 	0.9599	  	 	 	0.9563	  	 	 	0.9524	  	 	 	0.9482	  
	 	 	36	  	 	 	0.9873	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9700	  	 	 	0.9672	  	 	 	0.9643	  	 	 	0.9610	  	 	 	0.9575	  	 	 	0.9537	  	 	 	0.9495	  
	 	 	37	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9795	  	 	 	0.9777	  	 	 	0.9756	  	 	 	0.9734	  	 	 	0.9709	  	 	 	0.9683	  	 	 	0.9653	  	 	 	0.9622	  	 	 	0.9588	  	 	 	0.9550	  	 	 	0.9509	  
	 	 	38	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9693	  	 	 	0.9664	  	 	 	0.9634	  	 	 	0.9600	  	 	 	0.9563	  	 	 	0.9523	  
	 	 	39	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9752	  	 	 	0.9729	  	 	 	0.9703	  	 	 	0.9676	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9576	  	 	 	0.9537	  
	 	 	40	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9714	  	 	 	0.9686	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9590	  	 	 	0.9552	  
	 	 	41	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9724	  	 	 	0.9697	  	 	 	0.9669	  	 	 	0.9638	  	 	 	0.9604	  	 	 	0.9566	  
	 	 	42	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9709	  	 	 	0.9681	  	 	 	0.9651	  	 	 	0.9617	  	 	 	0.9581	  
	 	 	43	  	 	 	0.9903	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9788	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9720	  	 	 	0.9693	  	 	 	0.9663	  	 	 	0.9631	  	 	 	0.9596	  
	 	 	44	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9676	  	 	 	0.9645	  	 	 	0.9610	  
	 	 	45	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9885	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9716	  	 	 	0.9689	  	 	 	0.9658	  	 	 	0.9625	  
	 	 	46	  	 	 	0.9914	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9639	  
	 	 	47	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9685	  	 	 	0.9654	  
	 	 	48	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9725	  	 	 	0.9698	  	 	 	0.9668	  
	 	 	49	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9712	  	 	 	0.9682	  
	 	 	50	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9724	  	 	 	0.9696	  
	 	 	51	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9737	  	 	 	0.9710	  
	 	 	52	  	 	 	0.9935	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9773	  	 	 	0.9749	  	 	 	0.9723	  
	 	 	53	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9761	  	 	 	0.9737	  
	 	 	54	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9749	  
	 	 	55	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9784	  	 	 	0.9762	  

  
 42 

 APPENDICES 
  

 TABLE J 

Conversion from Single Life to 

100% Joint and Survivor Without Pop-Up 

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
  

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9774	  
	 	 	57	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9787	  
	 	 	58	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9798	  
	 	 	59	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9810	  
	 	 	60	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9821	  
	 	 	61	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9832	  
	 	 	62	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9842	  
	 	 	63	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  
	 	 	64	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9861	  
	 	 	65	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9870	  
	 	 	66	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  
	 	 	67	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  
	 	 	68	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9896	  
	 	 	69	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9903	  
	 	 	70	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9910	  
	 	 	71	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9926	  	 	 	0.9917	  
	 	 	72	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9924	  
	 	 	73	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9931	  
	 	 	74	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  
	 	 	75	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  
	 	 	76	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  
	 	 	77	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9980	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  
	 	 	78	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  
	 	 	79	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  
	 	 	80	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9963	  
	 	 	81	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9970	  	 	 	0.9966	  
	 	 	82	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9969	  
	 	 	83	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  
	 	 	84	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9975	  
	 	 	85	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  

  
 43 

 APPENDICES 
  

 TABLE J 

Conversion from Single Life to 

100% Joint and Survivor Without Pop-Up 

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	25	  	 	 	0.9314	  	 	 	0.9261	  	 	 	0.9205	  	 	 	0.9145	  	 	 	0.9083	  	 	 	0.9017	  	 	 	0.8947	  	 	 	0.8874	  	 	 	0.8797	  	 	 	0.8717	  	 	 	0.8632	  	 	 	0.8543	  	 	 	0.8449	  	 	 	0.8351	  	 	 	0.8247	  	 	 	0.8138	  	 	 	0.8024	  
	 	 	26	  	 	 	0.9324	  	 	 	0.9271	  	 	 	0.9216	  	 	 	0.9156	  	 	 	0.9094	  	 	 	0.9029	  	 	 	0.8959	  	 	 	0.8886	  	 	 	0.8810	  	 	 	0.8729	  	 	 	0.8645	  	 	 	0.8557	  	 	 	0.8462	  	 	 	0.8364	  	 	 	0.8260	  	 	 	0.8151	  	 	 	0.8037	  
	 	 	27	  	 	 	0.9335	  	 	 	0.9283	  	 	 	0.9227	  	 	 	0.9168	  	 	 	0.9106	  	 	 	0.9041	  	 	 	0.8972	  	 	 	0.8899	  	 	 	0.8823	  	 	 	0.8743	  	 	 	0.8659	  	 	 	0.8570	  	 	 	0.8476	  	 	 	0.8378	  	 	 	0.8274	  	 	 	0.8165	  	 	 	0.8051	  
	 	 	28	  	 	 	0.9347	  	 	 	0.9295	  	 	 	0.9240	  	 	 	0.9181	  	 	 	0.9119	  	 	 	0.9054	  	 	 	0.8985	  	 	 	0.8912	  	 	 	0.8836	  	 	 	0.8756	  	 	 	0.8673	  	 	 	0.8584	  	 	 	0.8490	  	 	 	0.8392	  	 	 	0.8288	  	 	 	0.8180	  	 	 	0.8065	  
	 	 	29	  	 	 	0.9359	  	 	 	0.9307	  	 	 	0.9252	  	 	 	0.9194	  	 	 	0.9133	  	 	 	0.9068	  	 	 	0.8999	  	 	 	0.8927	  	 	 	0.8851	  	 	 	0.8771	  	 	 	0.8688	  	 	 	0.8599	  	 	 	0.8506	  	 	 	0.8408	  	 	 	0.8304	  	 	 	0.8195	  	 	 	0.8081	  
	 	 	30	  	 	 	0.9370	  	 	 	0.9320	  	 	 	0.9265	  	 	 	0.9207	  	 	 	0.9146	  	 	 	0.9082	  	 	 	0.9014	  	 	 	0.8942	  	 	 	0.8866	  	 	 	0.8786	  	 	 	0.8703	  	 	 	0.8615	  	 	 	0.8521	  	 	 	0.8424	  	 	 	0.8320	  	 	 	0.8212	  	 	 	0.8097	  
	 	 	31	  	 	 	0.9383	  	 	 	0.9333	  	 	 	0.9279	  	 	 	0.9221	  	 	 	0.9160	  	 	 	0.9097	  	 	 	0.9028	  	 	 	0.8957	  	 	 	0.8882	  	 	 	0.8803	  	 	 	0.8719	  	 	 	0.8632	  	 	 	0.8539	  	 	 	0.8441	  	 	 	0.8337	  	 	 	0.8230	  	 	 	0.8115	  
	 	 	32	  	 	 	0.9396	  	 	 	0.9346	  	 	 	0.9293	  	 	 	0.9236	  	 	 	0.9175	  	 	 	0.9112	  	 	 	0.9044	  	 	 	0.8974	  	 	 	0.8898	  	 	 	0.8820	  	 	 	0.8737	  	 	 	0.8649	  	 	 	0.8556	  	 	 	0.8459	  	 	 	0.8356	  	 	 	0.8247	  	 	 	0.9133	  
	 	 	33	  	 	 	0.9409	  	 	 	0.9360	  	 	 	0.9307	  	 	 	0.9250	  	 	 	0.9191	  	 	 	0.9128	  	 	 	0.9061	  	 	 	0.8990	  	 	 	0.8916	  	 	 	0.8837	  	 	 	0.8755	  	 	 	0.8668	  	 	 	0.8574	  	 	 	0.8478	  	 	 	0.8374	  	 	 	0.8267	  	 	 	0.8153	  
	 	 	34	  	 	 	0.9423	  	 	 	0.9374	  	 	 	0.9322	  	 	 	0.9266	  	 	 	0.9207	  	 	 	0.9144	  	 	 	0.9078	  	 	 	0.9008	  	 	 	0.8934	  	 	 	0.8856	  	 	 	0.8774	  	 	 	0.8686	  	 	 	0.8594	  	 	 	0.8498	  	 	 	0.8395	  	 	 	0.8287	  	 	 	0.8173	  
	 	 	35	  	 	 	0.9438	  	 	 	0.9389	  	 	 	0.9337	  	 	 	0.9282	  	 	 	0.9224	  	 	 	0.9161	  	 	 	0.9095	  	 	 	0.9026	  	 	 	0.8953	  	 	 	0.8875	  	 	 	0.8793	  	 	 	0.8707	  	 	 	0.8615	  	 	 	0.8518	  	 	 	0.8416	  	 	 	0.8309	  	 	 	.08195	  
	 	 	36	  	 	 	0.9452	  	 	 	0.9404	  	 	 	0.9353	  	 	 	0.9298	  	 	 	0.9241	  	 	 	0.9179	  	 	 	0.9114	  	 	 	0.9045	  	 	 	0.8972	  	 	 	0.8895	  	 	 	0.8813	  	 	 	0.8728	  	 	 	0.8636	  	 	 	0.8540	  	 	 	0.8438	  	 	 	0.8331	  	 	 	0.8217	  
	 	 	37	  	 	 	0.9466	  	 	 	0.9419	  	 	 	0.9369	  	 	 	0.9315	  	 	 	0.9258	  	 	 	0.9197	  	 	 	0.9132	  	 	 	0.9064	  	 	 	0.8992	  	 	 	0.8916	  	 	 	0.8835	  	 	 	0.8750	  	 	 	0.8658	  	 	 	0.8563	  	 	 	0.8461	  	 	 	0.8354	  	 	 	0.8241	  
	 	 	38	  	 	 	0.9481	  	 	 	0.9435	  	 	 	0.9385	  	 	 	0.9332	  	 	 	0.9276	  	 	 	0.9216	  	 	 	0.9152	  	 	 	0.9084	  	 	 	0.9013	  	 	 	0.8937	  	 	 	0.8857	  	 	 	0.8772	  	 	 	0.8681	  	 	 	0.8586	  	 	 	0.8485	  	 	 	0.8379	  	 	 	0.8266	  
	 	 	39	  	 	 	0.9496	  	 	 	0.9451	  	 	 	0.9402	  	 	 	0.9350	  	 	 	0.9294	  	 	 	0.9235	  	 	 	0.9172	  	 	 	0.9106	  	 	 	0.9035	  	 	 	0.8959	  	 	 	0.8880	  	 	 	0.8796	  	 	 	0.8706	  	 	 	0.8611	  	 	 	0.8511	  	 	 	0.8404	  	 	 	0.8292	  
	 	 	39	  	 	 	0.9496	  	 	 	0.9451	  	 	 	0.9402	  	 	 	0.9350	  	 	 	0.9294	  	 	 	0.9235	  	 	 	0.9172	  	 	 	0.9106	  	 	 	0.9035	  	 	 	0.8959	  	 	 	0.8880	  	 	 	0.8796	  	 	 	0.8706	  	 	 	0.8611	  	 	 	0.8511	  	 	 	0.8404	  	 	 	0.8292	  
	 	 	40	  	 	 	0.9511	  	 	 	0.9467	  	 	 	0.9419	  	 	 	0.9367	  	 	 	0.9313	  	 	 	0.9255	  	 	 	0.9193	  	 	 	0.9127	  	 	 	0.9057	  	 	 	0.8982	  	 	 	0.8904	  	 	 	0.8820	  	 	 	0.8731	  	 	 	0.8637	  	 	 	0.8537	  	 	 	0.8431	  	 	 	0.8319	  
	 	 	41	  	 	 	0.9527	  	 	 	0.9483	  	 	 	0.9437	  	 	 	0.9386	  	 	 	0.9333	  	 	 	0.9275	  	 	 	0.9214	  	 	 	0.9148	  	 	 	0.9079	  	 	 	0.9006	  	 	 	0.8929	  	 	 	0.8846	  	 	 	0.8757	  	 	 	0.8664	  	 	 	0.8564	  	 	 	0.8460	  	 	 	0.8348	  
	 	 	42	  	 	 	0.9542	  	 	 	0.9500	  	 	 	0.9454	  	 	 	0.9404	  	 	 	0.9352	  	 	 	0.9296	  	 	 	0.9235	  	 	 	0.9171	  	 	 	0.9103	  	 	 	0.9030	  	 	 	0.8954	  	 	 	0.8872	  	 	 	0.8784	  	 	 	0.8692	  	 	 	0.8593	  	 	 	0.8489	  	 	 	0.8378	  
	 	 	43	  	 	 	0.9558	  	 	 	0.9516	  	 	 	0.9472	  	 	 	0.9423	  	 	 	0.9372	  	 	 	0.9316	  	 	 	0.9257	  	 	 	0.9195	  	 	 	0.9127	  	 	 	0.9055	  	 	 	0.8980	  	 	 	0.8899	  	 	 	0.8812	  	 	 	0.8721	  	 	 	0.8622	  	 	 	0.8520	  	 	 	0.8409	  
	 	 	44	  	 	 	0.9574	  	 	 	0.9533	  	 	 	0.9490	  	 	 	0.9442	  	 	 	0.9392	  	 	 	0.9338	  	 	 	0.9280	  	 	 	0.9218	  	 	 	0.9152	  	 	 	0.9081	  	 	 	0.9007	  	 	 	0.8927	  	 	 	0.8841	  	 	 	0.8751	  	 	 	0.8653	  	 	 	0.8551	  	 	 	0.8442	  
	 	 	45	  	 	 	0.9589	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9461	  	 	 	0.9412	  	 	 	0.9359	  	 	 	0.9302	  	 	 	0.9241	  	 	 	0.9177	  	 	 	0.9108	  	 	 	0.9034	  	 	 	0.8956	  	 	 	0.8871	  	 	 	0.8781	  	 	 	0.8685	  	 	 	0.8583	  	 	 	0.8475	  
	 	 	46	  	 	 	0.9605	  	 	 	0.9566	  	 	 	0.9526	  	 	 	0.9480	  	 	 	0.9433	  	 	 	0.9381	  	 	 	0.9325	  	 	 	0.9266	  	 	 	0.9202	  	 	 	0.9135	  	 	 	0.9062	  	 	 	0.8985	  	 	 	0.8901	  	 	 	0.8813	  	 	 	0.8718	  	 	 	0.8617	  	 	 	0.8509	  
	 	 	47	  	 	 	0.9621	  	 	 	0.9583	  	 	 	0.9543	  	 	 	0.9499	  	 	 	0.9453	  	 	 	0.9402	  	 	 	0.9348	  	 	 	0.9290	  	 	 	0.9228	  	 	 	0.9162	  	 	 	0.9090	  	 	 	0.9014	  	 	 	0.8932	  	 	 	0.8845	  	 	 	0.8751	  	 	 	0.8652	  	 	 	0.8546	  
	 	 	48	  	 	 	0.9636	  	 	 	0.9600	  	 	 	0.9561	  	 	 	0.9518	  	 	 	0.9473	  	 	 	0.9424	  	 	 	0.9372	  	 	 	0.9315	  	 	 	0.9254	  	 	 	0.9189	  	 	 	0.9120	  	 	 	0.9045	  	 	 	0.8964	  	 	 	0.8878	  	 	 	0.8786	  	 	 	0.8688	  	 	 	0.8582	  
	 	 	49	  	 	 	0.9651	  	 	 	0.9617	  	 	 	0.9579	  	 	 	0.9537	  	 	 	0.9494	  	 	 	0.9446	  	 	 	0.9395	  	 	 	0.9340	  	 	 	0.9280	  	 	 	0.9217	  	 	 	0.9149	  	 	 	0.9076	  	 	 	0.8996	  	 	 	0.8912	  	 	 	0.8821	  	 	 	0.8724	  	 	 	0.8620	  
	 	 	50	  	 	 	0.9666	  	 	 	0.9633	  	 	 	0.9597	  	 	 	0.9556	  	 	 	0.9514	  	 	 	0.9468	  	 	 	0.9418	  	 	 	0.9364	  	 	 	0.9307	  	 	 	0.9245	  	 	 	0.9178	  	 	 	0.9107	  	 	 	0.9029	  	 	 	0.8947	  	 	 	0.8857	  	 	 	0.8762	  	 	 	0.8660	  
	 	 	51	  	 	 	0.9681	  	 	 	0.9649	  	 	 	0.9614	  	 	 	0.9576	  	 	 	0.9535	  	 	 	0.9490	  	 	 	0.9441	  	 	 	0.9389	  	 	 	0.9333	  	 	 	0.9273	  	 	 	0.9209	  	 	 	0.9138	  	 	 	0.9063	  	 	 	0.8982	  	 	 	0.8893	  	 	 	0.8800	  	 	 	0.8699	  
	 	 	52	  	 	 	0.9696	  	 	 	0.9665	  	 	 	0.9631	  	 	 	0.9594	  	 	 	0.9555	  	 	 	0.9511	  	 	 	0.9465	  	 	 	0.9414	  	 	 	0.9360	  	 	 	0.9302	  	 	 	0.9238	  	 	 	0.9170	  	 	 	0.9097	  	 	 	0.9017	  	 	 	0.8931	  	 	 	0.8839	  	 	 	0.8740	  
	 	 	53	  	 	 	0.9710	  	 	 	0.9680	  	 	 	0.9648	  	 	 	0.9613	  	 	 	0.9575	  	 	 	0.9533	  	 	 	0.9487	  	 	 	0.9439	  	 	 	0.9386	  	 	 	0.9330	  	 	 	0.9269	  	 	 	0.9202	  	 	 	0.9130	  	 	 	0.9053	  	 	 	0.8969	  	 	 	0.8879	  	 	 	0.8782	  
	 	 	54	  	 	 	0.9724	  	 	 	0.9696	  	 	 	0.9665	  	 	 	0.9631	  	 	 	0.9594	  	 	 	0.9554	  	 	 	0.9511	  	 	 	0.9464	  	 	 	0.9413	  	 	 	0.9358	  	 	 	0.9300	  	 	 	0.9235	  	 	 	0.9164	  	 	 	0.9090	  	 	 	0.9008	  	 	 	0.8920	  	 	 	0.8824	  
	 	 	55	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9681	  	 	 	0.9648	  	 	 	0.9614	  	 	 	0.9575	  	 	 	0.9533	  	 	 	0.9489	  	 	 	0.9440	  	 	 	0.9387	  	 	 	0.9329	  	 	 	0.9267	  	 	 	0.9199	  	 	 	0.9126	  	 	 	0.9046	  	 	 	0.8960	  	 	 	0.8867	  

  
 44 

 APPENDICES 
  

 TABLE J 

Conversion from Single Life to 

100% Joint and Survivor Without Pop-Up 

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	56	  	 	 	0.9752	  	 	 	0.9725	  	 	 	0.9697	  	 	 	0.9666	  	 	 	0.9632	  	 	 	0.9596	  	 	 	0.9556	  	 	 	0.9513	  	 	 	0.9465	  	 	 	0.9414	  	 	 	0.9360	  	 	 	0.9300	  	 	 	0.9234	  	 	 	0.9163	  	 	 	0.9086	  	 	 	0.9001	  	 	 	0.8911	  
	 	 	57	  	 	 	0.9765	  	 	 	0.9740	  	 	 	0.9713	  	 	 	0.9683	  	 	 	0.9651	  	 	 	0.9616	  	 	 	0.9578	  	 	 	0.9537	  	 	 	0.9492	  	 	 	0.9442	  	 	 	0.9390	  	 	 	0.9332	  	 	 	0.9268	  	 	 	0.9200	  	 	 	0.9124	  	 	 	0.9044	  	 	 	0.8955	  
	 	 	58	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9729	  	 	 	0.9700	  	 	 	0.9670	  	 	 	0.9637	  	 	 	0.9599	  	 	 	0.9560	  	 	 	0.9517	  	 	 	0.9470	  	 	 	0.9419	  	 	 	0.9364	  	 	 	0.9302	  	 	 	0.9237	  	 	 	0.9164	  	 	 	0.9086	  	 	 	0.9000	  
	 	 	59	  	 	 	0.9790	  	 	 	0.9768	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9688	  	 	 	0.9656	  	 	 	0.9621	  	 	 	0.9583	  	 	 	0.9543	  	 	 	0.9498	  	 	 	0.9449	  	 	 	0.9396	  	 	 	0.9337	  	 	 	0.9273	  	 	 	0.9203	  	 	 	0.9128	  	 	 	0.9044	  
	 	 	60	  	 	 	0.9802	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9733	  	 	 	0.9705	  	 	 	0.9675	  	 	 	0.9642	  	 	 	0.9606	  	 	 	0.9567	  	 	 	0.9525	  	 	 	0.9478	  	 	 	0.9427	  	 	 	0.9371	  	 	 	0.9310	  	 	 	0.9242	  	 	 	0.9170	  	 	 	0.9089	  
	 	 	61	  	 	 	0.9814	  	 	 	0.9794	  	 	 	0.9772	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9662	  	 	 	0.9628	  	 	 	0.9591	  	 	 	0.9551	  	 	 	0.9507	  	 	 	0.9458	  	 	 	0.9404	  	 	 	0.9346	  	 	 	0.9281	  	 	 	0.9211	  	 	 	0.9134	  
	 	 	62	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9786	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9682	  	 	 	0.9650	  	 	 	0.9615	  	 	 	0.9576	  	 	 	0.9535	  	 	 	0.9489	  	 	 	0.9437	  	 	 	0.9382	  	 	 	0.9320	  	 	 	0.9252	  	 	 	0.9178	  
	 	 	63	  	 	 	0.9837	  	 	 	0.9819	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9671	  	 	 	0.9638	  	 	 	0.9601	  	 	 	0.9562	  	 	 	0.9518	  	 	 	0.9470	  	 	 	0.9417	  	 	 	0.9358	  	 	 	0.9294	  	 	 	0.9222	  
	 	 	64	  	 	 	0.9847	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9746	  	 	 	0.9720	  	 	 	0.9691	  	 	 	0.9660	  	 	 	0.9626	  	 	 	0.9589	  	 	 	0.9547	  	 	 	0.9501	  	 	 	0.9451	  	 	 	0.9395	  	 	 	0.9334	  	 	 	0.9265	  
	 	 	65	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9806	  	 	 	0.9786	  	 	 	0.9763	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9681	  	 	 	0.9649	  	 	 	0.9615	  	 	 	0.9576	  	 	 	0.9532	  	 	 	0.9484	  	 	 	0.9431	  	 	 	0.9373	  	 	 	0.9308	  
	 	 	66	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9703	  	 	 	0.9672	  	 	 	0.9639	  	 	 	0.9603	  	 	 	0.9562	  	 	 	0.9517	  	 	 	0.9467	  	 	 	0.9411	  	 	 	0.9350	  
	 	 	67	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9749	  	 	 	0.9723	  	 	 	0.9694	  	 	 	0.9663	  	 	 	0.9629	  	 	 	0.9590	  	 	 	0.9548	  	 	 	0.9501	  	 	 	0.9448	  	 	 	0.9390	  
	 	 	68	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9843	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9742	  	 	 	0.9715	  	 	 	0.9687	  	 	 	0.9654	  	 	 	0.9618	  	 	 	0.9578	  	 	 	0.9534	  	 	 	0.9485	  	 	 	0.9430	  
	 	 	69	  	 	 	0.9894	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9645	  	 	 	0.9608	  	 	 	0.9566	  	 	 	0.9520	  	 	 	0.9468	  
	 	 	70	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9670	  	 	 	0.9636	  	 	 	0.9596	  	 	 	0.9554	  	 	 	0.9505	  
	 	 	71	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9750	  	 	 	0.9724	  	 	 	0.9695	  	 	 	0.9663	  	 	 	0.9626	  	 	 	0.9586	  	 	 	0.9541	  
	 	 	72	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9745	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9654	  	 	 	0.9617	  	 	 	0.9574	  
	 	 	73	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9739	  	 	 	0.9713	  	 	 	0.9680	  	 	 	0.9647	  	 	 	0.9607	  
	 	 	74	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9706	  	 	 	0.9675	  	 	 	0.9637	  
	 	 	75	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9780	  	 	 	0.9757	  	 	 	0.9730	  	 	 	0.9700	  	 	 	0.9666	  
	 	 	76	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9752	  	 	 	0.9725	  	 	 	0.9694	  
	 	 	77	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9773	  	 	 	0.9748	  	 	 	0.9720	  
	 	 	78	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9793	  	 	 	0.9770	  	 	 	0.9744	  
	 	 	79	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9811	  	 	 	0.9791	  	 	 	0.9767	  
	 	 	80	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9828	  	 	 	0.9809	  	 	 	0.9787	  
	 	 	81	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9806	  
	 	 	82	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9842	  	 	 	0.9824	  
	 	 	83	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9841	  
	 	 	84	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9855	  
	 	 	85	  	 	 	0.9976	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  

  
 45 

 APPENDICES 
  

 TABLE J 

Conversion from Single Life to 

100% Joint and Survivor Without Pop-Up 

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.7903	  	 	 	0.7777	  	 	 	0.7644	  	 	 	0.7507	  	 	 	0.7363	  	 	 	0.7214	  	 	 	0.7061	  	 	 	0.6902	  	 	 	0.6740	  	 	 	0.6573	  	 	 	0.6402	  	 	 	0.6229	  	 	 	0.6052	  	 	 	0.5873	  	 	 	0.5691	  	 	 	0.5507	  	 	 	0.5323	  
	 	 	26	  	 	 	0.7916	  	 	 	0.7789	  	 	 	0.7657	  	 	 	0.7520	  	 	 	0.7376	  	 	 	0.7227	  	 	 	0.7074	  	 	 	0.6915	  	 	 	0.6752	  	 	 	0.6584	  	 	 	0.6414	  	 	 	0.6240	  	 	 	0.6064	  	 	 	0.5884	  	 	 	0.5702	  	 	 	0.5518	  	 	 	0.5333	  
	 	 	27	  	 	 	0.7930	  	 	 	0.7803	  	 	 	0.7671	  	 	 	0.7534	  	 	 	0.7390	  	 	 	0.7241	  	 	 	0.7087	  	 	 	0.6928	  	 	 	0.6765	  	 	 	0.6598	  	 	 	0.6427	  	 	 	0.6253	  	 	 	0.6076	  	 	 	0.5896	  	 	 	0.5714	  	 	 	0.5529	  	 	 	0.5344	  
	 	 	28	  	 	 	0.7944	  	 	 	0.7818	  	 	 	0.7686	  	 	 	0.7548	  	 	 	0.7404	  	 	 	0.7255	  	 	 	0.7102	  	 	 	0.6942	  	 	 	0.6779	  	 	 	0.6611	  	 	 	0.6440	  	 	 	0.6266	  	 	 	0.6089	  	 	 	0.5909	  	 	 	0.5726	  	 	 	0.5541	  	 	 	0.5356	  
	 	 	29	  	 	 	0.7960	  	 	 	0.7834	  	 	 	0.7701	  	 	 	0.7564	  	 	 	0.7420	  	 	 	0.7270	  	 	 	0.7116	  	 	 	0.6957	  	 	 	0.6794	  	 	 	0.6626	  	 	 	0.6454	  	 	 	0.6280	  	 	 	0.6103	  	 	 	0.5922	  	 	 	0.5739	  	 	 	0.5554	  	 	 	0.5368	  
	 	 	30	  	 	 	0.7976	  	 	 	0.7851	  	 	 	0.7718	  	 	 	0.7580	  	 	 	0.7437	  	 	 	0.7287	  	 	 	0.7132	  	 	 	0.6973	  	 	 	0.6809	  	 	 	0.6641	  	 	 	0.6470	  	 	 	0.6295	  	 	 	0.6117	  	 	 	0.5936	  	 	 	0.5753	  	 	 	0.5567	  	 	 	0.5381	  
	 	 	31	  	 	 	0.7994	  	 	 	0.7868	  	 	 	0.7736	  	 	 	0.7598	  	 	 	0.7454	  	 	 	0.7304	  	 	 	0.7150	  	 	 	0.6990	  	 	 	0.6826	  	 	 	0.6658	  	 	 	0.6486	  	 	 	0.6311	  	 	 	0.6133	  	 	 	0.5952	  	 	 	0.5768	  	 	 	0.5582	  	 	 	0.5396	  
	 	 	32	  	 	 	0.8013	  	 	 	0.7887	  	 	 	0.7754	  	 	 	0.7616	  	 	 	0.7472	  	 	 	0.7322	  	 	 	0.7168	  	 	 	0.7008	  	 	 	0.6844	  	 	 	0.6675	  	 	 	0.6504	  	 	 	0.6328	  	 	 	0.6150	  	 	 	0.5968	  	 	 	0.5784	  	 	 	0.5598	  	 	 	0.5411	  
	 	 	33	  	 	 	0.8032	  	 	 	0.7906	  	 	 	0.7774	  	 	 	0.7636	  	 	 	0.7492	  	 	 	0.7342	  	 	 	0.7187	  	 	 	0.7027	  	 	 	0.6863	  	 	 	0.6694	  	 	 	0.6522	  	 	 	0.6346	  	 	 	0.6168	  	 	 	0.5986	  	 	 	0.5801	  	 	 	0.5614	  	 	 	0.5427	  
	 	 	34	  	 	 	0.8053	  	 	 	0.7926	  	 	 	0.7795	  	 	 	0.7657	  	 	 	0.7512	  	 	 	0.7362	  	 	 	0.7208	  	 	 	0.7047	  	 	 	0.6883	  	 	 	0.6714	  	 	 	0.6542	  	 	 	0.6365	  	 	 	0.6186	  	 	 	0.6004	  	 	 	0.5819	  	 	 	0.5632	  	 	 	0.5444	  
	 	 	35	  	 	 	0.8074	  	 	 	0.7949	  	 	 	0.7816	  	 	 	0.7679	  	 	 	0.7534	  	 	 	0.7384	  	 	 	0.7229	  	 	 	0.7069	  	 	 	0.6904	  	 	 	0.6735	  	 	 	0.6562	  	 	 	0.6386	  	 	 	0.6207	  	 	 	0.6024	  	 	 	0.5839	  	 	 	0.5651	  	 	 	0.5463	  
	 	 	36	  	 	 	0.8097	  	 	 	0.7972	  	 	 	0.7840	  	 	 	0.7701	  	 	 	0.7557	  	 	 	0.7407	  	 	 	0.7253	  	 	 	0.7092	  	 	 	0.6927	  	 	 	0.6757	  	 	 	0.6584	  	 	 	0.6408	  	 	 	0.6228	  	 	 	0.6045	  	 	 	0.5859	  	 	 	0.5670	  	 	 	0.5482	  
	 	 	37	  	 	 	0.8121	  	 	 	0.7996	  	 	 	0.7863	  	 	 	0.7726	  	 	 	0.7582	  	 	 	0.7431	  	 	 	0.7277	  	 	 	0.7116	  	 	 	0.6951	  	 	 	0.6781	  	 	 	0.6608	  	 	 	0.6431	  	 	 	0.6250	  	 	 	0.6067	  	 	 	0.5881	  	 	 	0.5692	  	 	 	0.5503	  
	 	 	38	  	 	 	0.8146	  	 	 	0.8021	  	 	 	0.7889	  	 	 	0.7752	  	 	 	0.7607	  	 	 	0.7458	  	 	 	0.7303	  	 	 	0.7142	  	 	 	0.6977	  	 	 	0.6806	  	 	 	0.6633	  	 	 	0.6455	  	 	 	0.6275	  	 	 	0.6091	  	 	 	0.5904	  	 	 	0.5715	  	 	 	0.5525	  
	 	 	39	  	 	 	0.8173	  	 	 	0.8048	  	 	 	0.7917	  	 	 	0.7779	  	 	 	0.7635	  	 	 	0.7485	  	 	 	0.7330	  	 	 	0.7169	  	 	 	0.7003	  	 	 	0.6833	  	 	 	0.6659	  	 	 	0.6481	  	 	 	0.6301	  	 	 	0.6116	  	 	 	0.5929	  	 	 	0.5739	  	 	 	0.5549	  
	 	 	40	  	 	 	0.8201	  	 	 	0.8076	  	 	 	0.7945	  	 	 	0.7808	  	 	 	0.7664	  	 	 	0.7514	  	 	 	0.7358	  	 	 	0.7198	  	 	 	0.7032	  	 	 	0.6861	  	 	 	0.6687	  	 	 	0.6509	  	 	 	0.6328	  	 	 	0.6143	  	 	 	0.5955	  	 	 	0.5765	  	 	 	0.5574	  
	 	 	41	  	 	 	0.8230	  	 	 	0.8106	  	 	 	0.7975	  	 	 	0.7838	  	 	 	0.7694	  	 	 	0.7544	  	 	 	0.7389	  	 	 	0.7228	  	 	 	0.7062	  	 	 	0.6891	  	 	 	0.6717	  	 	 	0.6538	  	 	 	0.6357	  	 	 	0.6172	  	 	 	0.5983	  	 	 	0.5792	  	 	 	0.5601	  
	 	 	42	  	 	 	0.8260	  	 	 	0.8137	  	 	 	0.8006	  	 	 	0.7869	  	 	 	0.7726	  	 	 	0.7576	  	 	 	0.7421	  	 	 	0.7259	  	 	 	0.7094	  	 	 	0.6923	  	 	 	0.6748	  	 	 	0.6570	  	 	 	0.6388	  	 	 	0.6202	  	 	 	0.6013	  	 	 	0.5821	  	 	 	0.5629	  
	 	 	43	  	 	 	0.8292	  	 	 	0.8169	  	 	 	0.8039	  	 	 	0.7902	  	 	 	0.7759	  	 	 	0.7609	  	 	 	0.7455	  	 	 	0.7294	  	 	 	0.7128	  	 	 	0.6956	  	 	 	0.6781	  	 	 	0.6603	  	 	 	0.6420	  	 	 	0.6234	  	 	 	0.6044	  	 	 	0.5852	  	 	 	0.5660	  
	 	 	44	  	 	 	0.8325	  	 	 	0.8203	  	 	 	0.8073	  	 	 	0.7937	  	 	 	0.7794	  	 	 	0.7645	  	 	 	0.7490	  	 	 	0.7329	  	 	 	0.7163	  	 	 	0.6992	  	 	 	0.6816	  	 	 	0.6637	  	 	 	0.6454	  	 	 	0.6267	  	 	 	0.6078	  	 	 	0.5885	  	 	 	0.5692	  
	 	 	45	  	 	 	0.8359	  	 	 	0.8237	  	 	 	0.8108	  	 	 	0.7973	  	 	 	0.7830	  	 	 	0.7681	  	 	 	0.7527	  	 	 	0.7366	  	 	 	0.7200	  	 	 	0.7029	  	 	 	0.6853	  	 	 	0.6674	  	 	 	0.6491	  	 	 	0.6303	  	 	 	0.6113	  	 	 	0.5919	  	 	 	0.5726	  
	 	 	46	  	 	 	0.8395	  	 	 	0.8274	  	 	 	0.8145	  	 	 	0.8011	  	 	 	0.7869	  	 	 	0.7720	  	 	 	0.7566	  	 	 	0.7405	  	 	 	0.7239	  	 	 	0.7068	  	 	 	0.6892	  	 	 	0.6713	  	 	 	0.6529	  	 	 	0.6341	  	 	 	0.6151	  	 	 	0.5956	  	 	 	0.5762	  
	 	 	47	  	 	 	0.8432	  	 	 	0.8312	  	 	 	0.8184	  	 	 	0.8050	  	 	 	0.7908	  	 	 	0.7760	  	 	 	0.7606	  	 	 	0.7446	  	 	 	0.7280	  	 	 	0.7109	  	 	 	0.6933	  	 	 	0.6754	  	 	 	0.6569	  	 	 	0.6381	  	 	 	0.6190	  	 	 	0.5995	  	 	 	0.5799	  
	 	 	48	  	 	 	0.8469	  	 	 	0.8351	  	 	 	0.8224	  	 	 	0.8091	  	 	 	0.7950	  	 	 	0.7803	  	 	 	0.7649	  	 	 	0.7489	  	 	 	0.7324	  	 	 	0.7152	  	 	 	0.6976	  	 	 	0.6796	  	 	 	0.6612	  	 	 	0.6423	  	 	 	0.6232	  	 	 	0.6036	  	 	 	0.5840	  
	 	 	49	  	 	 	0.8509	  	 	 	0.8391	  	 	 	0.8265	  	 	 	0.8133	  	 	 	0.7993	  	 	 	0.7846	  	 	 	0.7693	  	 	 	0.7534	  	 	 	0.7369	  	 	 	0.7197	  	 	 	0.7022	  	 	 	0.6841	  	 	 	0.6657	  	 	 	0.6468	  	 	 	0.6275	  	 	 	0.6079	  	 	 	0.5882	  
	 	 	50	  	 	 	0.8549	  	 	 	0.8433	  	 	 	0.8308	  	 	 	0.8177	  	 	 	0.8038	  	 	 	0.7892	  	 	 	0.7739	  	 	 	0.7580	  	 	 	0.7416	  	 	 	0.7244	  	 	 	0.7069	  	 	 	0.6889	  	 	 	0.6704	  	 	 	0.6515	  	 	 	0.6321	  	 	 	0.6125	  	 	 	0.5927	  
	 	 	51	  	 	 	0.8591	  	 	 	0.8475	  	 	 	0.8352	  	 	 	0.8222	  	 	 	0.8084	  	 	 	0.7939	  	 	 	0.7787	  	 	 	0.7629	  	 	 	0.7465	  	 	 	0.7294	  	 	 	0.7118	  	 	 	0.6938	  	 	 	0.6754	  	 	 	0.6564	  	 	 	0.6370	  	 	 	0.6173	  	 	 	0.5975	  
	 	 	52	  	 	 	0.8633	  	 	 	0.8519	  	 	 	0.8398	  	 	 	0.8269	  	 	 	0.8132	  	 	 	0.7988	  	 	 	0.7838	  	 	 	0.7680	  	 	 	0.7516	  	 	 	0.7346	  	 	 	0.7171	  	 	 	0.6990	  	 	 	0.6805	  	 	 	0.6616	  	 	 	0.6422	  	 	 	0.6224	  	 	 	0.6025	  
	 	 	53	  	 	 	0.8677	  	 	 	0.8565	  	 	 	0.8444	  	 	 	0.8317	  	 	 	0.8182	  	 	 	0.8039	  	 	 	0.7890	  	 	 	0.7733	  	 	 	0.7570	  	 	 	0.7400	  	 	 	0.7225	  	 	 	0.7045	  	 	 	0.6860	  	 	 	0.6670	  	 	 	0.6476	  	 	 	0.6278	  	 	 	0.6078	  
	 	 	54	  	 	 	0.8721	  	 	 	0.8611	  	 	 	0.8492	  	 	 	0.8367	  	 	 	0.8233	  	 	 	0.8092	  	 	 	0.7944	  	 	 	0.7788	  	 	 	0.7626	  	 	 	0.7457	  	 	 	0.7282	  	 	 	0.7103	  	 	 	0.6918	  	 	 	0.6728	  	 	 	0.6533	  	 	 	0.6334	  	 	 	0.6134	  
	 	 	55	  	 	 	0.8766	  	 	 	0.8658	  	 	 	0.8542	  	 	 	0.8418	  	 	 	0.8286	  	 	 	0.8146	  	 	 	0.7999	  	 	 	0.7845	  	 	 	0.7684	  	 	 	0.7515	  	 	 	0.7342	  	 	 	0.7163	  	 	 	0.6978	  	 	 	0.6789	  	 	 	0.6594	  	 	 	0.6395	  	 	 	0.6194	  

  
 46 

 APPENDICES 
  

 TABLE J 

Conversion from Single Life to 

100% Joint and Survivor Without Pop-Up 

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.8812	  	 	 	0.8706	  	 	 	0.8592	  	 	 	0.8470	  	 	 	0.8340	  	 	 	0.8202	  	 	 	0.8057	  	 	 	0.7904	  	 	 	0.7744	  	 	 	0.7577	  	 	 	0.7404	  	 	 	0.7226	  	 	 	0.7042	  	 	 	0.6852	  	 	 	0.6657	  	 	 	0.6457	  	 	 	0.6256	  
	 	 	57	  	 	 	0.8859	  	 	 	0.8755	  	 	 	0.8643	  	 	 	0.8524	  	 	 	0.8396	  	 	 	0.8260	  	 	 	0.8117	  	 	 	0.7965	  	 	 	0.7807	  	 	 	0.7641	  	 	 	0.7469	  	 	 	0.7292	  	 	 	0.7108	  	 	 	0.6919	  	 	 	0.6724	  	 	 	0.6524	  	 	 	0.6322	  
	 	 	58	  	 	 	0.8905	  	 	 	0.8804	  	 	 	0.8696	  	 	 	0.8578	  	 	 	0.8453	  	 	 	0.8319	  	 	 	0.8178	  	 	 	0.8028	  	 	 	0.7872	  	 	 	0.7708	  	 	 	0.7537	  	 	 	0.7360	  	 	 	0.7177	  	 	 	0.6988	  	 	 	0.6794	  	 	 	0.6594	  	 	 	0.6392	  
	 	 	59	  	 	 	0.8953	  	 	 	0.8855	  	 	 	0.8748	  	 	 	0.8634	  	 	 	0.8510	  	 	 	0.8380	  	 	 	0.8241	  	 	 	0.8093	  	 	 	0.7938	  	 	 	0.7776	  	 	 	0.7607	  	 	 	0.7432	  	 	 	0.7250	  	 	 	0.7061	  	 	 	0.6867	  	 	 	0.6668	  	 	 	0.6466	  
	 	 	60	  	 	 	0.9001	  	 	 	0.8905	  	 	 	0.8802	  	 	 	0.8690	  	 	 	0.8570	  	 	 	0.8441	  	 	 	0.8305	  	 	 	0.8160	  	 	 	0.8008	  	 	 	0.7847	  	 	 	0.7680	  	 	 	0.7505	  	 	 	0.7325	  	 	 	0.7138	  	 	 	0.6944	  	 	 	0.6745	  	 	 	0.6543	  
	 	 	61	  	 	 	0.9048	  	 	 	0.8956	  	 	 	0.8855	  	 	 	0.8747	  	 	 	0.8629	  	 	 	0.8504	  	 	 	0.8371	  	 	 	0.8228	  	 	 	0.8078	  	 	 	0.7919	  	 	 	0.7754	  	 	 	0.7582	  	 	 	0.7403	  	 	 	0.7216	  	 	 	0.7024	  	 	 	0.6825	  	 	 	0.6624	  
	 	 	62	  	 	 	0.9096	  	 	 	0.9007	  	 	 	0.8909	  	 	 	0.8804	  	 	 	0.8690	  	 	 	0.8567	  	 	 	0.8437	  	 	 	0.8297	  	 	 	0.8150	  	 	 	0.7994	  	 	 	0.7831	  	 	 	0.7661	  	 	 	0.7484	  	 	 	0.7299	  	 	 	0.7107	  	 	 	0.6910	  	 	 	0.6708	  
	 	 	63	  	 	 	0.9143	  	 	 	0.9057	  	 	 	0.8963	  	 	 	0.8861	  	 	 	0.8750	  	 	 	0.8632	  	 	 	0.8504	  	 	 	0.8367	  	 	 	0.8224	  	 	 	0.8071	  	 	 	0.7910	  	 	 	0.7742	  	 	 	0.7567	  	 	 	0.7383	  	 	 	0.7194	  	 	 	0.6997	  	 	 	0.6796	  
	 	 	64	  	 	 	0.9190	  	 	 	0.9108	  	 	 	0.9017	  	 	 	0.8918	  	 	 	0.8812	  	 	 	0.8696	  	 	 	0.8572	  	 	 	0.8439	  	 	 	0.8298	  	 	 	0.8148	  	 	 	0.7991	  	 	 	0.7825	  	 	 	0.7652	  	 	 	0.7471	  	 	 	0.7283	  	 	 	0.7087	  	 	 	0.6888	  
	 	 	65	  	 	 	0.9236	  	 	 	0.9157	  	 	 	0.9070	  	 	 	0.8975	  	 	 	0.8872	  	 	 	0.8760	  	 	 	0.8640	  	 	 	0.8511	  	 	 	0.8374	  	 	 	0.8227	  	 	 	0.8073	  	 	 	0.7911	  	 	 	0.7740	  	 	 	0.7561	  	 	 	0.7375	  	 	 	0.7181	  	 	 	0.6983	  
	 	 	66	  	 	 	0.9281	  	 	 	0.9206	  	 	 	0.9122	  	 	 	0.9032	  	 	 	0.8932	  	 	 	0.8824	  	 	 	0.8708	  	 	 	0.8583	  	 	 	0.8449	  	 	 	0.8307	  	 	 	0.8155	  	 	 	0.7997	  	 	 	0.7829	  	 	 	0.7653	  	 	 	0.7470	  	 	 	0.7277	  	 	 	0.7081	  
	 	 	67	  	 	 	0.9325	  	 	 	0.9254	  	 	 	0.9174	  	 	 	0.9087	  	 	 	0.8992	  	 	 	0.8888	  	 	 	0.8776	  	 	 	0.8655	  	 	 	0.8525	  	 	 	0.8386	  	 	 	0.8239	  	 	 	0.8084	  	 	 	0.7920	  	 	 	0.7747	  	 	 	0.7566	  	 	 	0.7376	  	 	 	0.7182	  
	 	 	68	  	 	 	0.9368	  	 	 	0.9300	  	 	 	0.9224	  	 	 	0.9142	  	 	 	0.9051	  	 	 	0.8951	  	 	 	0.8843	  	 	 	0.8727	  	 	 	0.8601	  	 	 	0.8466	  	 	 	0.8324	  	 	 	0.8172	  	 	 	0.8012	  	 	 	0.7842	  	 	 	0.7664	  	 	 	0.7478	  	 	 	0.7285	  
	 	 	69	  	 	 	0.9409	  	 	 	0.9346	  	 	 	0.9274	  	 	 	0.9195	  	 	 	0.9108	  	 	 	0.9013	  	 	 	0.8910	  	 	 	0.8797	  	 	 	0.8677	  	 	 	0.8546	  	 	 	0.8408	  	 	 	0.8260	  	 	 	0.8104	  	 	 	0.7938	  	 	 	0.7764	  	 	 	0.7580	  	 	 	0.7390	  
	 	 	70	  	 	 	0.9450	  	 	 	0.9389	  	 	 	0.9322	  	 	 	0.9247	  	 	 	0.9164	  	 	 	0.9073	  	 	 	0.8976	  	 	 	0.8867	  	 	 	0.8751	  	 	 	0.8625	  	 	 	0.8491	  	 	 	0.8349	  	 	 	0.8197	  	 	 	0.8036	  	 	 	0.7865	  	 	 	0.7684	  	 	 	0.7498	  
	 	 	71	  	 	 	0.9489	  	 	 	0.9432	  	 	 	0.9368	  	 	 	0.9298	  	 	 	0.9220	  	 	 	0.9133	  	 	 	0.9039	  	 	 	0.8936	  	 	 	0.8825	  	 	 	0.8704	  	 	 	0.8575	  	 	 	0.8437	  	 	 	0.8290	  	 	 	0.8132	  	 	 	0.7966	  	 	 	0.7790	  	 	 	0.7607	  
	 	 	72	  	 	 	0.9526	  	 	 	0.9473	  	 	 	0.9413	  	 	 	0.9347	  	 	 	0.9272	  	 	 	0.9191	  	 	 	0.9102	  	 	 	0.9004	  	 	 	0.8897	  	 	 	0.8782	  	 	 	0.8658	  	 	 	0.8525	  	 	 	0.8382	  	 	 	0.8231	  	 	 	0.8069	  	 	 	0.7896	  	 	 	0.7717	  
	 	 	73	  	 	 	0.9562	  	 	 	0.9512	  	 	 	0.9456	  	 	 	0.9394	  	 	 	0.9324	  	 	 	0.9247	  	 	 	0.9162	  	 	 	0.9069	  	 	 	0.8969	  	 	 	0.8858	  	 	 	0.8739	  	 	 	0.8612	  	 	 	0.8474	  	 	 	0.8328	  	 	 	0.8170	  	 	 	0.8003	  	 	 	0.7829	  
	 	 	74	  	 	 	0.9595	  	 	 	0.9549	  	 	 	0.9497	  	 	 	0.9439	  	 	 	0.9374	  	 	 	0.9301	  	 	 	0.9222	  	 	 	0.9133	  	 	 	0.9037	  	 	 	0.8932	  	 	 	0.8819	  	 	 	0.8697	  	 	 	0.8565	  	 	 	0.8423	  	 	 	0.8271	  	 	 	0.8110	  	 	 	0.7940	  
	 	 	75	  	 	 	0.9628	  	 	 	0.9585	  	 	 	0.9536	  	 	 	0.9482	  	 	 	0.9421	  	 	 	0.9352	  	 	 	0.9278	  	 	 	0.9195	  	 	 	0.9104	  	 	 	0.9004	  	 	 	0.8897	  	 	 	0.8780	  	 	 	0.8654	  	 	 	0.8519	  	 	 	0.8373	  	 	 	0.8216	  	 	 	0.8051	  
	 	 	76	  	 	 	0.9658	  	 	 	0.9618	  	 	 	0.9573	  	 	 	0.9523	  	 	 	0.9466	  	 	 	0.9402	  	 	 	0.9332	  	 	 	0.9254	  	 	 	0.9169	  	 	 	0.9074	  	 	 	0.8973	  	 	 	0.8862	  	 	 	0.8742	  	 	 	0.8611	  	 	 	0.8471	  	 	 	0.8320	  	 	 	0.8161	  
	 	 	77	  	 	 	0.9687	  	 	 	0.9650	  	 	 	0.9608	  	 	 	0.9561	  	 	 	0.9508	  	 	 	0.9450	  	 	 	0.9384	  	 	 	0.9311	  	 	 	0.9230	  	 	 	0.9142	  	 	 	0.9045	  	 	 	0.8940	  	 	 	0.8826	  	 	 	0.8702	  	 	 	0.8568	  	 	 	0.8423	  	 	 	0.8269	  
	 	 	78	  	 	 	0.9713	  	 	 	0.9680	  	 	 	0.9641	  	 	 	0.9598	  	 	 	0.9548	  	 	 	0.9494	  	 	 	0.9433	  	 	 	0.9364	  	 	 	0.9290	  	 	 	0.9206	  	 	 	0.9115	  	 	 	0.9016	  	 	 	0.8908	  	 	 	0.8790	  	 	 	0.8662	  	 	 	0.8523	  	 	 	0.8376	  
	 	 	79	  	 	 	0.9738	  	 	 	0.9708	  	 	 	0.9672	  	 	 	0.9632	  	 	 	0.9586	  	 	 	0.9536	  	 	 	0.9479	  	 	 	0.9415	  	 	 	0.9345	  	 	 	0.9267	  	 	 	0.9182	  	 	 	0.9088	  	 	 	0.8986	  	 	 	0.8875	  	 	 	0.8753	  	 	 	0.8620	  	 	 	0.8480	  
	 	 	80	  	 	 	0.9761	  	 	 	0.9733	  	 	 	0.9700	  	 	 	0.9664	  	 	 	0.9622	  	 	 	0.9575	  	 	 	0.9522	  	 	 	0.9463	  	 	 	0.9398	  	 	 	0.9325	  	 	 	0.9246	  	 	 	0.9158	  	 	 	0.9062	  	 	 	0.8956	  	 	 	0.8841	  	 	 	0.8715	  	 	 	0.8580	  
	 	 	81	  	 	 	0.9783	  	 	 	0.9757	  	 	 	0.9728	  	 	 	0.9694	  	 	 	0.9655	  	 	 	0.9612	  	 	 	0.9563	  	 	 	0.9509	  	 	 	0.9448	  	 	 	0.9380	  	 	 	0.9306	  	 	 	0.9223	  	 	 	0.9133	  	 	 	0.9034	  	 	 	0.8925	  	 	 	0.8806	  	 	 	0.8678	  
	 	 	82	  	 	 	0.9803	  	 	 	0.9779	  	 	 	0.9752	  	 	 	0.9722	  	 	 	0.9686	  	 	 	0.9646	  	 	 	0.9602	  	 	 	0.9551	  	 	 	0.9494	  	 	 	0.9432	  	 	 	0.9362	  	 	 	0.9286	  	 	 	0.9201	  	 	 	0.9108	  	 	 	0.9006	  	 	 	0.8893	  	 	 	0.8771	  
	 	 	83	  	 	 	0.9821	  	 	 	0.9800	  	 	 	0.9775	  	 	 	0.9747	  	 	 	0.9715	  	 	 	0.9678	  	 	 	0.9637	  	 	 	0.9590	  	 	 	0.9538	  	 	 	0.9480	  	 	 	0.9416	  	 	 	0.9345	  	 	 	0.9266	  	 	 	0.9179	  	 	 	0.9083	  	 	 	0.8976	  	 	 	0.8863	  
	 	 	84	  	 	 	0.9839	  	 	 	0.9819	  	 	 	0.9796	  	 	 	0.9770	  	 	 	0.9741	  	 	 	0.9708	  	 	 	0.9670	  	 	 	0.9627	  	 	 	0.9579	  	 	 	0.9526	  	 	 	0.9466	  	 	 	0.9401	  	 	 	0.9327	  	 	 	0.9246	  	 	 	0.9157	  	 	 	0.9056	  	 	 	0.8949	  
	 	 	85	  	 	 	0.9854	  	 	 	0.9836	  	 	 	0.9815	  	 	 	0.9792	  	 	 	0.9766	  	 	 	0.9735	  	 	 	0.9701	  	 	 	0.9662	  	 	 	0.9618	  	 	 	0.9568	  	 	 	0.9514	  	 	 	0.9453	  	 	 	0.9385	  	 	 	0.9309	  	 	 	0.9226	  	 	 	0.9133	  	 	 	0.9032	  

  
 47 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	25	  	 	 	0.9818	  	 	 	0.9803	  	 	 	0.9787	  	 	 	0.9768	  	 	 	0.9750	  	 	 	0.9728	  	 	 	0.9705	  	 	 	0.9681	  	 	 	0.9654	  	 	 	0.9626	  	 	 	0.9595	  	 	 	0.9562	  	 	 	0.9526	  	 	 	0.9488	  	 	 	0.9447	  	 	 	0.9403	  	 	 	0.9356	  
	 	 	26	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9792	  	 	 	0.9774	  	 	 	0.9756	  	 	 	0.9735	  	 	 	0.9711	  	 	 	0.9688	  	 	 	0.9661	  	 	 	0.9633	  	 	 	0.9603	  	 	 	0.9570	  	 	 	0.9535	  	 	 	0.9497	  	 	 	0.9456	  	 	 	0.9413	  	 	 	0.9366	  
	 	 	27	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9780	  	 	 	0.9761	  	 	 	0.9741	  	 	 	0.9718	  	 	 	0.9695	  	 	 	0.9668	  	 	 	0.9641	  	 	 	0.9611	  	 	 	0.9578	  	 	 	0.9543	  	 	 	0.9506	  	 	 	0.9466	  	 	 	0.9423	  	 	 	0.9376	  
	 	 	28	  	 	 	0.9832	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9785	  	 	 	0.9767	  	 	 	0.9747	  	 	 	0.9725	  	 	 	0.9702	  	 	 	0.9676	  	 	 	0.9649	  	 	 	0.9619	  	 	 	0.9586	  	 	 	0.9552	  	 	 	0.9515	  	 	 	0.9475	  	 	 	0.9432	  	 	 	0.9386	  
	 	 	29	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9773	  	 	 	0.9753	  	 	 	0.9732	  	 	 	0.9709	  	 	 	0.9683	  	 	 	0.9657	  	 	 	0.9628	  	 	 	0.9596	  	 	 	0.9562	  	 	 	0.9525	  	 	 	0.9486	  	 	 	0.9443	  	 	 	0.9397	  
	 	 	30	  	 	 	0.9841	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9796	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9738	  	 	 	0.9716	  	 	 	0.9691	  	 	 	0.9665	  	 	 	0.9636	  	 	 	0.9605	  	 	 	0.9571	  	 	 	0.9535	  	 	 	0.9496	  	 	 	0.9454	  	 	 	0.9408	  
	 	 	31	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9699	  	 	 	0.9673	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9581	  	 	 	0.9545	  	 	 	0.9506	  	 	 	0.9464	  	 	 	0.9420	  
	 	 	32	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9773	  	 	 	0.9752	  	 	 	0.9731	  	 	 	0.9707	  	 	 	0.9681	  	 	 	0.9653	  	 	 	0.9623	  	 	 	0.9591	  	 	 	0.9555	  	 	 	0.9517	  	 	 	0.9476	  	 	 	0.9431	  
	 	 	33	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9738	  	 	 	0.9715	  	 	 	0.9690	  	 	 	0.9662	  	 	 	0.9633	  	 	 	0.9600	  	 	 	0.9565	  	 	 	0.9528	  	 	 	0.9488	  	 	 	0.9443	  
	 	 	34	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9804	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9698	  	 	 	0.9671	  	 	 	0.9642	  	 	 	0.9610	  	 	 	0.9576	  	 	 	0.9539	  	 	 	0.9499	  	 	 	0.9456	  
	 	 	35	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9809	  	 	 	0.9792	  	 	 	0.9773	  	 	 	0.9753	  	 	 	0.9730	  	 	 	0.9706	  	 	 	0.9680	  	 	 	0.9651	  	 	 	0.9620	  	 	 	0.9587	  	 	 	0.9551	  	 	 	0.9511	  	 	 	0.9469	  
	 	 	36	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9815	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9715	  	 	 	0.9689	  	 	 	0.9661	  	 	 	0.9630	  	 	 	0.9598	  	 	 	0.9562	  	 	 	0.9523	  	 	 	0.9481	  
	 	 	37	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9835	  	 	 	0.9821	  	 	 	0.9805	  	 	 	0.9787	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9698	  	 	 	0.9670	  	 	 	0.9641	  	 	 	0.9609	  	 	 	0.9573	  	 	 	0.9536	  	 	 	0.9494	  
	 	 	38	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9732	  	 	 	0.9707	  	 	 	0.9681	  	 	 	0.9651	  	 	 	0.9619	  	 	 	0.9585	  	 	 	0.9548	  	 	 	0.9507	  
	 	 	39	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9740	  	 	 	0.9716	  	 	 	0.9690	  	 	 	0.9661	  	 	 	0.9631	  	 	 	0.9597	  	 	 	0.9560	  	 	 	0.9520	  
	 	 	40	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9672	  	 	 	0.9642	  	 	 	0.9608	  	 	 	0.9573	  	 	 	0.9533	  
	 	 	41	  	 	 	0.9887	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9777	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9709	  	 	 	0.9682	  	 	 	0.9653	  	 	 	0.9621	  	 	 	0.9585	  	 	 	0.9547	  
	 	 	42	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9765	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9663	  	 	 	0.9632	  	 	 	0.9598	  	 	 	0.9560	  
	 	 	43	  	 	 	0.9895	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9792	  	 	 	0.9773	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9702	  	 	 	0.9674	  	 	 	0.9644	  	 	 	0.9610	  	 	 	0.9573	  
	 	 	44	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9781	  	 	 	0.9760	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9623	  	 	 	0.9587	  
	 	 	45	  	 	 	0.9903	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9696	  	 	 	0.9667	  	 	 	0.9635	  	 	 	0.9600	  
	 	 	46	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9869	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9732	  	 	 	0.9707	  	 	 	0.9679	  	 	 	0.9648	  	 	 	0.9614	  
	 	 	47	  	 	 	0.9909	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9627	  
	 	 	48	  	 	 	0.9912	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9640	  
	 	 	49	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9653	  
	 	 	50	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9695	  	 	 	0.9665	  
	 	 	51	  	 	 	0.9922	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9892	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9677	  
	 	 	52	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9690	  
	 	 	53	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9729	  	 	 	0.9702	  
	 	 	54	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9740	  	 	 	0.9714	  
	 	 	55	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9726	  

  
 48 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9737	  
	 	 	57	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9748	  
	 	 	58	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9781	  	 	 	0.9758	  
	 	 	59	  	 	 	0.9943	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9769	  
	 	 	60	  	 	 	0.9945	  	 	 	0.9941	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9779	  
	 	 	61	  	 	 	0.9947	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9808	  	 	 	0.9788	  
	 	 	62	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9798	  
	 	 	63	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9807	  
	 	 	64	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9816	  
	 	 	65	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  
	 	 	66	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  
	 	 	67	  	 	 	0.9959	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9841	  
	 	 	68	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9849	  
	 	 	69	  	 	 	0.9963	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  
	 	 	70	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9864	  
	 	 	71	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  
	 	 	72	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  
	 	 	73	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  
	 	 	74	  	 	 	0.9970	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  
	 	 	75	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  
	 	 	76	  	 	 	0.9973	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  
	 	 	77	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  
	 	 	78	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  
	 	 	79	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  
	 	 	80	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  
	 	 	81	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9925	  
	 	 	82	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  
	 	 	83	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9940	  	 	 	0.9934	  
	 	 	84	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  
	 	 	85	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  

  
 49 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	25	  	 	 	0.9307	  	 	 	0.9254	  	 	 	0.9198	  	 	 	0.9138	  	 	 	0.9075	  	 	 	0.9009	  	 	 	0.8938	  	 	 	0.8866	  	 	 	0.8789	  	 	 	0.8708	  	 	 	0.8623	  	 	 	0.8534	  	 	 	0.8440	  	 	 	0.8342	  	 	 	0.8238	  	 	 	0.8129	  	 	 	0.8014	  
	 	 	26	  	 	 	0.9317	  	 	 	0.9264	  	 	 	0.9208	  	 	 	0.9148	  	 	 	0.9086	  	 	 	0.9020	  	 	 	0.8950	  	 	 	0.8877	  	 	 	0.8800	  	 	 	0.8720	  	 	 	0.8636	  	 	 	0.8546	  	 	 	0.8452	  	 	 	0.8354	  	 	 	0.8250	  	 	 	0.8141	  	 	 	0.8027	  
	 	 	27	  	 	 	0.9327	  	 	 	0.9275	  	 	 	0.9219	  	 	 	0.9159	  	 	 	0.9097	  	 	 	0.9031	  	 	 	0.8962	  	 	 	0.8889	  	 	 	0.8813	  	 	 	0.8732	  	 	 	0.8648	  	 	 	0.8560	  	 	 	0.8465	  	 	 	0.8367	  	 	 	0.8263	  	 	 	0.8155	  	 	 	0.8040	  
	 	 	28	  	 	 	0.9338	  	 	 	0.9286	  	 	 	0.9230	  	 	 	0.9171	  	 	 	0.9110	  	 	 	0.9044	  	 	 	0.8975	  	 	 	0.8902	  	 	 	0.8826	  	 	 	0.8745	  	 	 	0.8662	  	 	 	0.8573	  	 	 	0.8479	  	 	 	0.8381	  	 	 	0.8277	  	 	 	0.8168	  	 	 	0.8053	  
	 	 	29	  	 	 	0.9349	  	 	 	0.9298	  	 	 	0.9242	  	 	 	0.9184	  	 	 	0.9122	  	 	 	0.9057	  	 	 	0.8987	  	 	 	0.8916	  	 	 	0.8840	  	 	 	0.8760	  	 	 	0.8675	  	 	 	0.8587	  	 	 	0.8493	  	 	 	0.8396	  	 	 	0.8292	  	 	 	0.8183	  	 	 	0.8068	  
	 	 	30	  	 	 	0.9361	  	 	 	0.9309	  	 	 	0.9255	  	 	 	0.9196	  	 	 	0.9135	  	 	 	0.9070	  	 	 	0.9001	  	 	 	0.8930	  	 	 	0.8853	  	 	 	0.8774	  	 	 	0.8690	  	 	 	0.8602	  	 	 	0.8508	  	 	 	0.8411	  	 	 	0.8307	  	 	 	0.8198	  	 	 	0.8084	  
	 	 	31	  	 	 	0.9372	  	 	 	0.9322	  	 	 	0.9267	  	 	 	0.9209	  	 	 	0.9149	  	 	 	0.9084	  	 	 	0.9016	  	 	 	0.8944	  	 	 	0.8869	  	 	 	0.8789	  	 	 	0.8706	  	 	 	0.8618	  	 	 	0.8524	  	 	 	0.8426	  	 	 	0.8323	  	 	 	0.8215	  	 	 	0.8100	  
	 	 	32	  	 	 	0.9385	  	 	 	0.9334	  	 	 	0.9280	  	 	 	0.9222	  	 	 	0.9162	  	 	 	0.9099	  	 	 	0.9030	  	 	 	0.8959	  	 	 	0.8884	  	 	 	0.8805	  	 	 	0.8722	  	 	 	0.8634	  	 	 	0.8540	  	 	 	0.8443	  	 	 	0.8340	  	 	 	0.8231	  	 	 	0.8117	  
	 	 	33	  	 	 	0.9398	  	 	 	0.9347	  	 	 	0.9294	  	 	 	0.9237	  	 	 	0.9177	  	 	 	0.9114	  	 	 	0.9046	  	 	 	0.8975	  	 	 	0.8900	  	 	 	0.8821	  	 	 	0.8738	  	 	 	0.8651	  	 	 	0.8558	  	 	 	0.8461	  	 	 	0.8357	  	 	 	0.8249	  	 	 	0.8135	  
	 	 	34	  	 	 	0.9410	  	 	 	0.9361	  	 	 	0.9308	  	 	 	0.9251	  	 	 	0.9192	  	 	 	0.9129	  	 	 	0.9061	  	 	 	0.8991	  	 	 	0.8917	  	 	 	0.8838	  	 	 	0.8756	  	 	 	0.8669	  	 	 	0.8576	  	 	 	0.8479	  	 	 	0.8376	  	 	 	0.8269	  	 	 	0.8154	  
	 	 	35	  	 	 	0.9423	  	 	 	0.9374	  	 	 	0.9322	  	 	 	0.9266	  	 	 	0.9207	  	 	 	0.9145	  	 	 	0.9078	  	 	 	0.9008	  	 	 	0.8934	  	 	 	0.8856	  	 	 	0.8774	  	 	 	0.8687	  	 	 	0.8595	  	 	 	0.8499	  	 	 	0.8396	  	 	 	0.8288	  	 	 	0.8174	  
	 	 	36	  	 	 	0.9437	  	 	 	0.9388	  	 	 	0.9336	  	 	 	0.9281	  	 	 	0.9223	  	 	 	0.9161	  	 	 	0.9095	  	 	 	0.9026	  	 	 	0.8952	  	 	 	0.8874	  	 	 	0.8793	  	 	 	0.8707	  	 	 	0.8615	  	 	 	0.8518	  	 	 	0.8416	  	 	 	0.8309	  	 	 	0.8195	  
	 	 	37	  	 	 	0.9450	  	 	 	0.9403	  	 	 	0.9352	  	 	 	0.9296	  	 	 	0.9239	  	 	 	0.9178	  	 	 	0.9112	  	 	 	0.9044	  	 	 	0.8971	  	 	 	0.8894	  	 	 	0.8813	  	 	 	0.8726	  	 	 	0.8635	  	 	 	0.8540	  	 	 	0.8437	  	 	 	0.8330	  	 	 	0.8216	  
	 	 	38	  	 	 	0.9464	  	 	 	0.9417	  	 	 	0.9366	  	 	 	0.9312	  	 	 	0.9256	  	 	 	0.9195	  	 	 	0.9130	  	 	 	0.9062	  	 	 	0.8990	  	 	 	0.8914	  	 	 	0.8833	  	 	 	0.8748	  	 	 	0.8656	  	 	 	0.8561	  	 	 	0.8460	  	 	 	0.8353	  	 	 	0.8240	  
	 	 	39	  	 	 	0.9478	  	 	 	0.9431	  	 	 	0.9382	  	 	 	0.9329	  	 	 	0.9273	  	 	 	0.9212	  	 	 	0.9149	  	 	 	0.9081	  	 	 	0.9009	  	 	 	0.8934	  	 	 	0.8854	  	 	 	0.8769	  	 	 	0.8679	  	 	 	0.8584	  	 	 	0.8483	  	 	 	0.8376	  	 	 	0.8263	  
	 	 	40	  	 	 	0.9492	  	 	 	0.9446	  	 	 	0.9398	  	 	 	0.9345	  	 	 	0.9290	  	 	 	0.9231	  	 	 	0.9168	  	 	 	0.9101	  	 	 	0.9030	  	 	 	0.8955	  	 	 	0.8876	  	 	 	0.8791	  	 	 	0.8702	  	 	 	0.8607	  	 	 	0.8507	  	 	 	0.8401	  	 	 	0.8288	  
	 	 	41	  	 	 	0.9506	  	 	 	0.9461	  	 	 	0.9414	  	 	 	0.9362	  	 	 	0.9308	  	 	 	0.9249	  	 	 	0.9187	  	 	 	0.9121	  	 	 	0.9050	  	 	 	0.8976	  	 	 	0.8898	  	 	 	0.8814	  	 	 	0.8725	  	 	 	0.8632	  	 	 	0.8531	  	 	 	0.8426	  	 	 	0.8314	  
	 	 	42	  	 	 	0.9521	  	 	 	0.9477	  	 	 	0.9430	  	 	 	0.9379	  	 	 	0.9325	  	 	 	0.9268	  	 	 	0.9207	  	 	 	0.9142	  	 	 	0.9072	  	 	 	0.8999	  	 	 	0.8921	  	 	 	0.8839	  	 	 	0.8750	  	 	 	0.8657	  	 	 	0.8557	  	 	 	0.8452	  	 	 	0.8341	  
	 	 	43	  	 	 	0.9535	  	 	 	0.9492	  	 	 	0.9446	  	 	 	0.9396	  	 	 	0.9343	  	 	 	0.9287	  	 	 	0.9226	  	 	 	0.9162	  	 	 	0.9094	  	 	 	0.9021	  	 	 	0.8944	  	 	 	0.8863	  	 	 	0.8775	  	 	 	0.8683	  	 	 	0.8584	  	 	 	0.8480	  	 	 	0.8369	  
	 	 	44	  	 	 	0.9549	  	 	 	0.9507	  	 	 	0.9462	  	 	 	0.9413	  	 	 	0.9362	  	 	 	0.9306	  	 	 	0.9247	  	 	 	0.9183	  	 	 	0.9116	  	 	 	0.9044	  	 	 	0.8968	  	 	 	0.8887	  	 	 	0.8801	  	 	 	0.8710	  	 	 	0.8611	  	 	 	0.8508	  	 	 	0.8398	  
	 	 	45	  	 	 	0.9563	  	 	 	0.9522	  	 	 	0.9478	  	 	 	0.9431	  	 	 	0.9380	  	 	 	0.9326	  	 	 	0.9267	  	 	 	0.9205	  	 	 	0.9139	  	 	 	0.9068	  	 	 	0.8993	  	 	 	0.8913	  	 	 	0.8827	  	 	 	0.8737	  	 	 	0.8640	  	 	 	0.8537	  	 	 	0.8428	  
	 	 	46	  	 	 	0.9578	  	 	 	0.9537	  	 	 	0.9495	  	 	 	0.9448	  	 	 	0.9399	  	 	 	0.9345	  	 	 	0.9288	  	 	 	0.9226	  	 	 	0.9162	  	 	 	0.9092	  	 	 	0.9018	  	 	 	0.8940	  	 	 	0.8855	  	 	 	0.8765	  	 	 	0.8669	  	 	 	0.8567	  	 	 	0.8459	  
	 	 	47	  	 	 	0.9591	  	 	 	0.9553	  	 	 	0.9511	  	 	 	0.9465	  	 	 	0.9417	  	 	 	0.9365	  	 	 	0.9308	  	 	 	0.9248	  	 	 	0.9184	  	 	 	0.9116	  	 	 	0.9044	  	 	 	0.8966	  	 	 	0.8882	  	 	 	0.8794	  	 	 	0.8699	  	 	 	0.8598	  	 	 	0.8491	  
	 	 	48	  	 	 	0.9606	  	 	 	0.9568	  	 	 	0.9527	  	 	 	0.9483	  	 	 	0.9435	  	 	 	0.9384	  	 	 	0.9329	  	 	 	0.9271	  	 	 	0.9208	  	 	 	0.9141	  	 	 	0.9070	  	 	 	0.8993	  	 	 	0.8911	  	 	 	0.8823	  	 	 	0.8729	  	 	 	0.8630	  	 	 	0.8523	  
	 	 	49	  	 	 	0.9620	  	 	 	0.9583	  	 	 	0.9543	  	 	 	0.9499	  	 	 	0.9454	  	 	 	0.9404	  	 	 	0.9350	  	 	 	0.9293	  	 	 	0.9231	  	 	 	0.9166	  	 	 	0.9096	  	 	 	0.9021	  	 	 	0.8939	  	 	 	0.8854	  	 	 	0.8761	  	 	 	0.8663	  	 	 	0.8557	  
	 	 	50	  	 	 	0.9633	  	 	 	0.9598	  	 	 	0.9559	  	 	 	0.9517	  	 	 	0.9472	  	 	 	0.9423	  	 	 	0.9371	  	 	 	0.9315	  	 	 	0.9255	  	 	 	0.9191	  	 	 	0.9122	  	 	 	0.9049	  	 	 	0.8969	  	 	 	0.8884	  	 	 	0.8792	  	 	 	0.8695	  	 	 	0.8591	  
	 	 	51	  	 	 	0.9647	  	 	 	0.9612	  	 	 	0.9575	  	 	 	0.9534	  	 	 	0.9491	  	 	 	0.9443	  	 	 	0.9392	  	 	 	0.9337	  	 	 	0.9279	  	 	 	0.9216	  	 	 	0.9149	  	 	 	0.9077	  	 	 	0.8998	  	 	 	0.8915	  	 	 	0.8825	  	 	 	0.8729	  	 	 	0.8626	  
	 	 	52	  	 	 	0.9660	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9463	  	 	 	0.9413	  	 	 	0.9360	  	 	 	0.9303	  	 	 	0.9241	  	 	 	0.9176	  	 	 	0.9105	  	 	 	0.9028	  	 	 	0.8946	  	 	 	0.8858	  	 	 	0.8764	  	 	 	0.8662	  
	 	 	53	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9606	  	 	 	0.9567	  	 	 	0.9527	  	 	 	0.9482	  	 	 	0.9434	  	 	 	0.9382	  	 	 	0.9327	  	 	 	0.9267	  	 	 	0.9203	  	 	 	0.9133	  	 	 	0.9058	  	 	 	0.8978	  	 	 	0.8891	  	 	 	0.8798	  	 	 	0.8698	  
	 	 	54	  	 	 	0.9686	  	 	 	0.9654	  	 	 	0.9621	  	 	 	0.9584	  	 	 	0.9544	  	 	 	0.9501	  	 	 	0.9454	  	 	 	0.9404	  	 	 	0.9350	  	 	 	0.9292	  	 	 	0.9230	  	 	 	0.9162	  	 	 	0.9089	  	 	 	0.9011	  	 	 	0.8925	  	 	 	0.8834	  	 	 	0.8736	  
	 	 	55	  	 	 	0.9699	  	 	 	0.9669	  	 	 	0.9636	  	 	 	0.9600	  	 	 	0.9561	  	 	 	0.9520	  	 	 	0.9474	  	 	 	0.9426	  	 	 	0.9374	  	 	 	0.9317	  	 	 	0.9256	  	 	 	0.9191	  	 	 	0.9119	  	 	 	0.9042	  	 	 	0.8959	  	 	 	0.8870	  	 	 	0.8773	  

  
 50 

 APPENDICES 
  

TABLE K 
 CECONY Weekly
Participants –1 
 Conversion from Single Life to 

100% Joint and Survivor With Pop-Up 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	56	  	 	 	0.9711	  	 	 	0.9682	  	 	 	0.9650	  	 	 	0.9616	  	 	 	0.9579	  	 	 	0.9538	  	 	 	0.9494	  	 	 	0.9448	  	 	 	0.9397	  	 	 	0.9342	  	 	 	0.9283	  	 	 	0.9219	  	 	 	0.9149	  	 	 	0.9075	  	 	 	0.8993	  	 	 	0.8906	  	 	 	0.8812	  
	 	 	57	  	 	 	0.9723	  	 	 	0.9695	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9596	  	 	 	0.9557	  	 	 	0.9514	  	 	 	0.9469	  	 	 	0.9420	  	 	 	0.9367	  	 	 	0.9310	  	 	 	0.9247	  	 	 	0.9180	  	 	 	0.9107	  	 	 	0.9027	  	 	 	0.8942	  	 	 	0.8850	  
	 	 	58	  	 	 	0.9735	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9612	  	 	 	0.9575	  	 	 	0.9534	  	 	 	0.9490	  	 	 	0.9442	  	 	 	0.9391	  	 	 	0.9336	  	 	 	0.9275	  	 	 	0.9209	  	 	 	0.9139	  	 	 	0.9062	  	 	 	0.8979	  	 	 	0.8888	  
	 	 	59	  	 	 	0.9746	  	 	 	0.9720	  	 	 	0.9692	  	 	 	0.9661	  	 	 	0.9628	  	 	 	0.9592	  	 	 	0.9553	  	 	 	0.9510	  	 	 	0.9465	  	 	 	0.9415	  	 	 	0.9362	  	 	 	0.9304	  	 	 	0.9240	  	 	 	0.9172	  	 	 	0.9096	  	 	 	0.9015	  	 	 	0.8926	  
	 	 	60	  	 	 	0.9757	  	 	 	0.9732	  	 	 	0.9706	  	 	 	0.9676	  	 	 	0.9644	  	 	 	0.9609	  	 	 	0.9571	  	 	 	0.9531	  	 	 	0.9486	  	 	 	0.9439	  	 	 	0.9388	  	 	 	0.9332	  	 	 	0.9269	  	 	 	0.9203	  	 	 	0.9130	  	 	 	0.9051	  	 	 	0.8965	  
	 	 	61	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9462	  	 	 	0.9413	  	 	 	0.9359	  	 	 	0.9299	  	 	 	0.9235	  	 	 	0.9163	  	 	 	0.9087	  	 	 	0.9003	  
	 	 	62	  	 	 	0.9778	  	 	 	0.9756	  	 	 	0.9731	  	 	 	0.9703	  	 	 	0.9674	  	 	 	0.9642	  	 	 	0.9607	  	 	 	0.9570	  	 	 	0.9529	  	 	 	0.9485	  	 	 	0.9437	  	 	 	0.9385	  	 	 	0.9327	  	 	 	0.9266	  	 	 	0.9197	  	 	 	0.9123	  	 	 	0.9042	  
	 	 	63	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9588	  	 	 	0.9550	  	 	 	0.9507	  	 	 	0.9461	  	 	 	0.9411	  	 	 	0.9356	  	 	 	0.9296	  	 	 	0.9230	  	 	 	0.9158	  	 	 	0.9079	  
	 	 	64	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9607	  	 	 	0.9569	  	 	 	0.9529	  	 	 	0.9485	  	 	 	0.9437	  	 	 	0.9383	  	 	 	0.9326	  	 	 	0.9262	  	 	 	0.9193	  	 	 	0.9117	  
	 	 	65	  	 	 	0.9808	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9689	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9589	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9462	  	 	 	0.9410	  	 	 	0.9355	  	 	 	0.9294	  	 	 	0.9227	  	 	 	0.9154	  
	 	 	66	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9673	  	 	 	0.9642	  	 	 	0.9607	  	 	 	0.9571	  	 	 	0.9530	  	 	 	0.9486	  	 	 	0.9437	  	 	 	0.9384	  	 	 	0.9325	  	 	 	0.9261	  	 	 	0.9190	  
	 	 	67	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9688	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9552	  	 	 	0.9510	  	 	 	0.9463	  	 	 	0.9412	  	 	 	0.9355	  	 	 	0.9294	  	 	 	0.9226	  
	 	 	68	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9776	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9703	  	 	 	0.9675	  	 	 	0.9644	  	 	 	0.9610	  	 	 	0.9573	  	 	 	0.9533	  	 	 	0.9488	  	 	 	0.9440	  	 	 	0.9385	  	 	 	0.9326	  	 	 	0.9260	  
	 	 	69	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9660	  	 	 	0.9628	  	 	 	0.9594	  	 	 	0.9555	  	 	 	0.9512	  	 	 	0.9466	  	 	 	0.9414	  	 	 	0.9358	  	 	 	0.9294	  
	 	 	70	  	 	 	0.9850	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9677	  	 	 	0.9646	  	 	 	0.9613	  	 	 	0.9577	  	 	 	0.9536	  	 	 	0.9491	  	 	 	0.9442	  	 	 	0.9388	  	 	 	0.9327	  
	 	 	71	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9826	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9663	  	 	 	0.9632	  	 	 	0.9597	  	 	 	0.9558	  	 	 	0.9516	  	 	 	0.9469	  	 	 	0.9418	  	 	 	0.9359	  
	 	 	72	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9680	  	 	 	0.9651	  	 	 	0.9617	  	 	 	0.9580	  	 	 	0.9540	  	 	 	0.9495	  	 	 	0.9446	  	 	 	0.9391	  
	 	 	73	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9696	  	 	 	0.9668	  	 	 	0.9637	  	 	 	0.9602	  	 	 	0.9564	  	 	 	0.9521	  	 	 	0.9474	  	 	 	0.9421	  
	 	 	74	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9760	  	 	 	0.9736	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9622	  	 	 	0.9586	  	 	 	0.9545	  	 	 	0.9501	  	 	 	0.9450	  
	 	 	75	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9607	  	 	 	0.9568	  	 	 	0.9526	  	 	 	0.9478	  
	 	 	76	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9784	  	 	 	0.9762	  	 	 	0.9740	  	 	 	0.9716	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9627	  	 	 	0.9591	  	 	 	0.9551	  	 	 	0.9505	  
	 	 	77	  	 	 	0.9897	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9775	  	 	 	0.9754	  	 	 	0.9731	  	 	 	0.9706	  	 	 	0.9677	  	 	 	0.9647	  	 	 	0.9612	  	 	 	0.9574	  	 	 	0.9531	  
	 	 	78	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9767	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9695	  	 	 	0.9666	  	 	 	0.9633	  	 	 	0.9597	  	 	 	0.9557	  
	 	 	79	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9798	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9736	  	 	 	0.9711	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9619	  	 	 	0.9580	  
	 	 	80	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9727	  	 	 	0.9701	  	 	 	0.9671	  	 	 	0.9640	  	 	 	0.9603	  
	 	 	81	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9784	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9624	  
	 	 	82	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9733	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  
	 	 	83	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9666	  
	 	 	84	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9685	  
	 	 	85	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9730	  	 	 	0.9703	  

  
 51 

 APPENDICES 

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.7893	  	 	 	0.7767	  	 	 	0.7635	  	 	 	0.7497	  	 	 	0.7354	  	 	 	0.7205	  	 	 	0.7052	  	 	 	0.6893	  	 	 	0.6731	  	 	 	0.6564	  	 	 	0.6394	  	 	 	0.6221	  	 	 	0.6045	  	 	 	0.5866	  	 	 	0.5684	  	 	 	0.5500	  	 	 	0.5316	  
	 	 	26	  	 	 	0.7905	  	 	 	0.7780	  	 	 	0.7647	  	 	 	0.7510	  	 	 	0.7366	  	 	 	0.7217	  	 	 	0.7064	  	 	 	0.6905	  	 	 	0.6743	  	 	 	0.6575	  	 	 	0.6405	  	 	 	0.6232	  	 	 	0.6056	  	 	 	0.5876	  	 	 	0.5694	  	 	 	0.5510	  	 	 	0.5326	  
	 	 	27	  	 	 	0.7919	  	 	 	0.7793	  	 	 	0.7660	  	 	 	0.7523	  	 	 	0.7379	  	 	 	0.7230	  	 	 	0.7077	  	 	 	0.6918	  	 	 	0.6755	  	 	 	0.6587	  	 	 	0.6417	  	 	 	0.6244	  	 	 	0.6067	  	 	 	0.5887	  	 	 	0.5705	  	 	 	0.5521	  	 	 	0.5336	  
	 	 	28	  	 	 	0.7933	  	 	 	0.7807	  	 	 	0.7675	  	 	 	0.7536	  	 	 	0.7393	  	 	 	0.7244	  	 	 	0.7090	  	 	 	0.6931	  	 	 	0.6768	  	 	 	0.6601	  	 	 	0.6430	  	 	 	0.6256	  	 	 	0.6079	  	 	 	0.5899	  	 	 	0.5717	  	 	 	0.5532	  	 	 	0.5347	  
	 	 	29	  	 	 	0.7947	  	 	 	0.7821	  	 	 	0.7689	  	 	 	0.7551	  	 	 	0.7407	  	 	 	0.7258	  	 	 	0.7104	  	 	 	0.6945	  	 	 	0.6782	  	 	 	0.6614	  	 	 	0.6443	  	 	 	0.6269	  	 	 	0.6092	  	 	 	0.5912	  	 	 	0.5729	  	 	 	0.5544	  	 	 	0.5359	  
	 	 	30	  	 	 	0.7963	  	 	 	0.7837	  	 	 	0.7704	  	 	 	0.7567	  	 	 	0.7423	  	 	 	0.7274	  	 	 	0.7120	  	 	 	0.6960	  	 	 	0.6797	  	 	 	0.6629	  	 	 	0.6458	  	 	 	0.6283	  	 	 	0.6106	  	 	 	0.5926	  	 	 	0.5743	  	 	 	0.5557	  	 	 	0.5372	  
	 	 	31	  	 	 	0.7979	  	 	 	0.7853	  	 	 	0.7721	  	 	 	0.7583	  	 	 	0.7439	  	 	 	0.7290	  	 	 	0.7136	  	 	 	0.6976	  	 	 	0.6812	  	 	 	0.6644	  	 	 	0.6473	  	 	 	0.6298	  	 	 	0.6121	  	 	 	0.5940	  	 	 	0.5757	  	 	 	0.5571	  	 	 	0.5385	  
	 	 	32	  	 	 	0.7997	  	 	 	0.7871	  	 	 	0.7738	  	 	 	0.7600	  	 	 	0.7456	  	 	 	0.7307	  	 	 	0.7152	  	 	 	0.6993	  	 	 	0.6829	  	 	 	0.6661	  	 	 	0.6489	  	 	 	0.6315	  	 	 	0.6137	  	 	 	0.5955	  	 	 	0.5772	  	 	 	0.5586	  	 	 	0.5400	  
	 	 	33	  	 	 	0.8015	  	 	 	0.7888	  	 	 	0.7756	  	 	 	0.7619	  	 	 	0.7475	  	 	 	0.7325	  	 	 	0.7171	  	 	 	0.7011	  	 	 	0.6847	  	 	 	0.6678	  	 	 	0.6507	  	 	 	0.6331	  	 	 	0.6153	  	 	 	0.5972	  	 	 	0.5787	  	 	 	0.5601	  	 	 	0.5415	  
	 	 	34	  	 	 	0.8034	  	 	 	0.7908	  	 	 	0.7776	  	 	 	0.7638	  	 	 	0.7494	  	 	 	0.7344	  	 	 	0.7190	  	 	 	0.7030	  	 	 	0.6865	  	 	 	0.6697	  	 	 	0.6525	  	 	 	0.6349	  	 	 	0.6171	  	 	 	0.5989	  	 	 	0.5804	  	 	 	0.5618	  	 	 	0.5431	  
	 	 	35	  	 	 	0.8054	  	 	 	0.7928	  	 	 	0.7796	  	 	 	0.7658	  	 	 	0.7514	  	 	 	0.7364	  	 	 	0.7210	  	 	 	0.7049	  	 	 	0.6885	  	 	 	0.6716	  	 	 	0.6544	  	 	 	0.6368	  	 	 	0.6189	  	 	 	0.6007	  	 	 	0.5823	  	 	 	0.5635	  	 	 	0.5448	  
	 	 	36	  	 	 	0.8075	  	 	 	0.7949	  	 	 	0.7817	  	 	 	0.7679	  	 	 	0.7535	  	 	 	0.7385	  	 	 	0.7230	  	 	 	0.7070	  	 	 	0.6906	  	 	 	0.6737	  	 	 	0.6564	  	 	 	0.6388	  	 	 	0.6209	  	 	 	0.6027	  	 	 	0.5842	  	 	 	0.5654	  	 	 	0.5466	  
	 	 	37	  	 	 	0.8097	  	 	 	0.7972	  	 	 	0.7840	  	 	 	0.7701	  	 	 	0.7558	  	 	 	0.7408	  	 	 	0.7253	  	 	 	0.7092	  	 	 	0.6928	  	 	 	0.6759	  	 	 	0.6586	  	 	 	0.6410	  	 	 	0.6230	  	 	 	0.6047	  	 	 	0.5862	  	 	 	0.5674	  	 	 	0.5486	  
	 	 	38	  	 	 	0.8120	  	 	 	0.7995	  	 	 	0.7863	  	 	 	0.7725	  	 	 	0.7581	  	 	 	0.7431	  	 	 	0.7276	  	 	 	0.7116	  	 	 	0.6951	  	 	 	0.6781	  	 	 	0.6609	  	 	 	0.6432	  	 	 	0.6252	  	 	 	0.6069	  	 	 	0.5883	  	 	 	0.5695	  	 	 	0.5506	  
	 	 	39	  	 	 	0.8144	  	 	 	0.8019	  	 	 	0.7887	  	 	 	0.7750	  	 	 	0.7606	  	 	 	0.7456	  	 	 	0.7301	  	 	 	0.7141	  	 	 	0.6976	  	 	 	0.6806	  	 	 	0.6633	  	 	 	0.6456	  	 	 	0.6275	  	 	 	0.6092	  	 	 	0.5906	  	 	 	0.5717	  	 	 	0.5527	  
	 	 	40	  	 	 	0.8169	  	 	 	0.8044	  	 	 	0.7913	  	 	 	0.7776	  	 	 	0.7632	  	 	 	0.7482	  	 	 	0.7327	  	 	 	0.7167	  	 	 	0.7002	  	 	 	0.6832	  	 	 	0.6658	  	 	 	0.6481	  	 	 	0.6301	  	 	 	0.6116	  	 	 	0.5930	  	 	 	0.5740	  	 	 	0.5551	  
	 	 	41	  	 	 	0.8196	  	 	 	0.8071	  	 	 	0.7940	  	 	 	0.7803	  	 	 	0.7659	  	 	 	0.7509	  	 	 	0.7354	  	 	 	0.7194	  	 	 	0.7029	  	 	 	0.6859	  	 	 	0.6685	  	 	 	0.6507	  	 	 	0.6327	  	 	 	0.6142	  	 	 	0.5955	  	 	 	0.5765	  	 	 	0.5575	  
	 	 	42	  	 	 	0.8223	  	 	 	0.8099	  	 	 	0.7968	  	 	 	0.7831	  	 	 	0.7687	  	 	 	0.7538	  	 	 	0.7384	  	 	 	0.7223	  	 	 	0.7057	  	 	 	0.6887	  	 	 	0.6713	  	 	 	0.6535	  	 	 	0.6354	  	 	 	0.6170	  	 	 	0.5982	  	 	 	0.5791	  	 	 	0.5601	  
	 	 	43	  	 	 	0.8251	  	 	 	0.8128	  	 	 	0.7998	  	 	 	0.7861	  	 	 	0.7717	  	 	 	0.7568	  	 	 	0.7413	  	 	 	0.7253	  	 	 	0.7088	  	 	 	0.6917	  	 	 	0.6743	  	 	 	0.6565	  	 	 	0.6384	  	 	 	0.6198	  	 	 	0.6010	  	 	 	0.5819	  	 	 	0.5628	  
	 	 	44	  	 	 	0.8281	  	 	 	0.8158	  	 	 	0.8028	  	 	 	0.7892	  	 	 	0.7749	  	 	 	0.7600	  	 	 	0.7445	  	 	 	0.7284	  	 	 	0.7119	  	 	 	0.6948	  	 	 	0.6774	  	 	 	0.6596	  	 	 	0.6414	  	 	 	0.6228	  	 	 	0.6040	  	 	 	0.5848	  	 	 	0.5657	  
	 	 	45	  	 	 	0.8312	  	 	 	0.8189	  	 	 	0.8059	  	 	 	0.7924	  	 	 	0.7781	  	 	 	0.7633	  	 	 	0.7478	  	 	 	0.7317	  	 	 	0.7152	  	 	 	0.6981	  	 	 	0.6807	  	 	 	0.6628	  	 	 	0.6446	  	 	 	0.6260	  	 	 	0.6072	  	 	 	0.5880	  	 	 	0.5687	  
	 	 	46	  	 	 	0.8343	  	 	 	0.8221	  	 	 	0.8092	  	 	 	0.7957	  	 	 	0.7815	  	 	 	0.7666	  	 	 	0.7512	  	 	 	0.7352	  	 	 	0.7187	  	 	 	0.7016	  	 	 	0.6841	  	 	 	0.6663	  	 	 	0.6480	  	 	 	0.6294	  	 	 	0.6104	  	 	 	0.5912	  	 	 	0.5719	  
	 	 	47	  	 	 	0.8376	  	 	 	0.8255	  	 	 	0.8127	  	 	 	0.7992	  	 	 	0.7850	  	 	 	0.7702	  	 	 	0.7549	  	 	 	0.7388	  	 	 	0.7223	  	 	 	0.7052	  	 	 	0.6877	  	 	 	0.6699	  	 	 	0.6516	  	 	 	0.6329	  	 	 	0.6140	  	 	 	0.5946	  	 	 	0.5753	  
	 	 	48	  	 	 	0.8409	  	 	 	0.8289	  	 	 	0.8162	  	 	 	0.8028	  	 	 	0.7887	  	 	 	0.7739	  	 	 	0.7586	  	 	 	0.7426	  	 	 	0.7261	  	 	 	0.7090	  	 	 	0.6915	  	 	 	0.6737	  	 	 	0.6553	  	 	 	0.6367	  	 	 	0.6176	  	 	 	0.5983	  	 	 	0.5789	  
	 	 	49	  	 	 	0.8444	  	 	 	0.8325	  	 	 	0.8198	  	 	 	0.8066	  	 	 	0.7925	  	 	 	0.7778	  	 	 	0.7625	  	 	 	0.7465	  	 	 	0.7301	  	 	 	0.7130	  	 	 	0.6955	  	 	 	0.6776	  	 	 	0.6593	  	 	 	0.6406	  	 	 	0.6215	  	 	 	0.6021	  	 	 	0.5826	  
	 	 	50	  	 	 	0.8480	  	 	 	0.8361	  	 	 	0.8236	  	 	 	0.8104	  	 	 	0.7964	  	 	 	0.7818	  	 	 	0.7665	  	 	 	0.7506	  	 	 	0.7342	  	 	 	0.7172	  	 	 	0.6997	  	 	 	0.6818	  	 	 	0.6634	  	 	 	0.6447	  	 	 	0.6256	  	 	 	0.6061	  	 	 	0.5866	  
	 	 	51	  	 	 	0.8516	  	 	 	0.8399	  	 	 	0.8275	  	 	 	0.8143	  	 	 	0.8005	  	 	 	0.7859	  	 	 	0.7707	  	 	 	0.7549	  	 	 	0.7385	  	 	 	0.7215	  	 	 	0.7040	  	 	 	0.6861	  	 	 	0.6678	  	 	 	0.6490	  	 	 	0.6299	  	 	 	0.6104	  	 	 	0.5908	  
	 	 	52	  	 	 	0.8554	  	 	 	0.8438	  	 	 	0.8315	  	 	 	0.8184	  	 	 	0.8047	  	 	 	0.7902	  	 	 	0.7751	  	 	 	0.7593	  	 	 	0.7429	  	 	 	0.7260	  	 	 	0.7086	  	 	 	0.6907	  	 	 	0.6724	  	 	 	0.6536	  	 	 	0.6344	  	 	 	0.6149	  	 	 	0.5952	  
	 	 	53	  	 	 	0.8591	  	 	 	0.8477	  	 	 	0.8356	  	 	 	0.8227	  	 	 	0.8090	  	 	 	0.7946	  	 	 	0.7796	  	 	 	0.7639	  	 	 	0.7476	  	 	 	0.7307	  	 	 	0.7133	  	 	 	0.6954	  	 	 	0.6771	  	 	 	0.6583	  	 	 	0.6391	  	 	 	0.6195	  	 	 	0.5998	  
	 	 	54	  	 	 	0.8630	  	 	 	0.8517	  	 	 	0.8397	  	 	 	0.8270	  	 	 	0.8134	  	 	 	0.7992	  	 	 	0.7843	  	 	 	0.7686	  	 	 	0.7524	  	 	 	0.7356	  	 	 	0.7182	  	 	 	0.7004	  	 	 	0.6821	  	 	 	0.6633	  	 	 	0.6441	  	 	 	0.6245	  	 	 	0.6047	  
	 	 	55	  	 	 	0.8670	  	 	 	0.8558	  	 	 	0.8440	  	 	 	0.8314	  	 	 	0.8180	  	 	 	0.8038	  	 	 	0.7891	  	 	 	0.7735	  	 	 	0.7574	  	 	 	0.7407	  	 	 	0.7234	  	 	 	0.7056	  	 	 	0.6873	  	 	 	0.6685	  	 	 	0.6493	  	 	 	0.6296	  	 	 	0.6098	  

  
 52 

 APPENDICES 

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.8709	  	 	 	0.8600	  	 	 	0.8483	  	 	 	0.8358	  	 	 	0.8227	  	 	 	0.8087	  	 	 	0.7940	  	 	 	0.7786	  	 	 	0.7626	  	 	 	0.7459	  	 	 	0.7287	  	 	 	0.7109	  	 	 	0.6927	  	 	 	0.6739	  	 	 	0.6547	  	 	 	0.6351	  	 	 	0.6152	  
	 	 	57	  	 	 	0.8749	  	 	 	0.8642	  	 	 	0.8527	  	 	 	0.8405	  	 	 	0.8274	  	 	 	0.8136	  	 	 	0.7991	  	 	 	0.7838	  	 	 	0.7679	  	 	 	0.7513	  	 	 	0.7342	  	 	 	0.7165	  	 	 	0.6983	  	 	 	0.6795	  	 	 	0.6603	  	 	 	0.6407	  	 	 	0.6209	  
	 	 	58	  	 	 	0.8790	  	 	 	0.8685	  	 	 	0.8571	  	 	 	0.8451	  	 	 	0.8322	  	 	 	0.8186	  	 	 	0.8043	  	 	 	0.7891	  	 	 	0.7734	  	 	 	0.7569	  	 	 	0.7399	  	 	 	0.7223	  	 	 	0.7041	  	 	 	0.6854	  	 	 	0.6663	  	 	 	0.6466	  	 	 	0.6267	  
	 	 	59	  	 	 	0.8830	  	 	 	0.8728	  	 	 	0.8617	  	 	 	0.8498	  	 	 	0.8371	  	 	 	0.8236	  	 	 	0.8095	  	 	 	0.7945	  	 	 	0.7789	  	 	 	0.7626	  	 	 	0.7457	  	 	 	0.7282	  	 	 	0.7101	  	 	 	0.6915	  	 	 	0.6724	  	 	 	0.6527	  	 	 	0.6329	  
	 	 	60	  	 	 	0.8871	  	 	 	0.8771	  	 	 	0.8662	  	 	 	0.8546	  	 	 	0.8421	  	 	 	0.8288	  	 	 	0.8149	  	 	 	0.8001	  	 	 	0.7846	  	 	 	0.7685	  	 	 	0.7517	  	 	 	0.7343	  	 	 	0.7164	  	 	 	0.6978	  	 	 	0.6787	  	 	 	0.6591	  	 	 	0.6393	  
	 	 	61	  	 	 	0.8912	  	 	 	0.8814	  	 	 	0.8707	  	 	 	0.8594	  	 	 	0.8471	  	 	 	0.8341	  	 	 	0.8203	  	 	 	0.8057	  	 	 	0.7905	  	 	 	0.7745	  	 	 	0.7579	  	 	 	0.7406	  	 	 	0.7228	  	 	 	0.7043	  	 	 	0.6853	  	 	 	0.6657	  	 	 	0.6459	  
	 	 	62	  	 	 	0.8952	  	 	 	0.8857	  	 	 	0.8753	  	 	 	0.8641	  	 	 	0.8521	  	 	 	0.8393	  	 	 	0.8258	  	 	 	0.8114	  	 	 	0.7964	  	 	 	0.7806	  	 	 	0.7642	  	 	 	0.7471	  	 	 	0.7294	  	 	 	0.7110	  	 	 	0.6921	  	 	 	0.6726	  	 	 	0.6528	  
	 	 	63	  	 	 	0.8993	  	 	 	0.8900	  	 	 	0.8799	  	 	 	0.8690	  	 	 	0.8572	  	 	 	0.8447	  	 	 	0.8314	  	 	 	0.8173	  	 	 	0.8025	  	 	 	0.7868	  	 	 	0.7706	  	 	 	0.7536	  	 	 	0.7361	  	 	 	0.7178	  	 	 	0.6990	  	 	 	0.6796	  	 	 	0.6599	  
	 	 	64	  	 	 	0.9033	  	 	 	0.8942	  	 	 	0.8844	  	 	 	0.8737	  	 	 	0.8623	  	 	 	0.8500	  	 	 	0.8370	  	 	 	0.8231	  	 	 	0.8085	  	 	 	0.7931	  	 	 	0.7770	  	 	 	0.7603	  	 	 	0.7429	  	 	 	0.7249	  	 	 	0.7062	  	 	 	0.6869	  	 	 	0.6672	  
	 	 	65	  	 	 	0.9073	  	 	 	0.8984	  	 	 	0.8889	  	 	 	0.8785	  	 	 	0.8674	  	 	 	0.8553	  	 	 	0.8426	  	 	 	0.8290	  	 	 	0.8147	  	 	 	0.7995	  	 	 	0.7837	  	 	 	0.7671	  	 	 	0.7500	  	 	 	0.7321	  	 	 	0.7135	  	 	 	0.6943	  	 	 	0.6748	  
	 	 	66	  	 	 	0.9111	  	 	 	0.9026	  	 	 	0.8934	  	 	 	0.8833	  	 	 	0.8724	  	 	 	0.8607	  	 	 	0.8482	  	 	 	0.8349	  	 	 	0.8208	  	 	 	0.8059	  	 	 	0.7903	  	 	 	0.7741	  	 	 	0.7571	  	 	 	0.7394	  	 	 	0.7210	  	 	 	0.7019	  	 	 	0.6825	  
	 	 	67	  	 	 	0.9150	  	 	 	0.9067	  	 	 	0.8978	  	 	 	0.8880	  	 	 	0.8774	  	 	 	0.8660	  	 	 	0.8539	  	 	 	0.8408	  	 	 	0.8270	  	 	 	0.8124	  	 	 	0.7971	  	 	 	0.7811	  	 	 	0.7643	  	 	 	0.7468	  	 	 	0.7286	  	 	 	0.7097	  	 	 	0.6904	  
	 	 	68	  	 	 	0.9187	  	 	 	0.9108	  	 	 	0.9021	  	 	 	0.8927	  	 	 	0.8823	  	 	 	0.8713	  	 	 	0.8594	  	 	 	0.8466	  	 	 	0.8332	  	 	 	0.8189	  	 	 	0.8038	  	 	 	0.7881	  	 	 	0.7716	  	 	 	0.7543	  	 	 	0.7363	  	 	 	0.7176	  	 	 	0.6985	  
	 	 	69	  	 	 	0.9224	  	 	 	0.9148	  	 	 	0.9064	  	 	 	0.8973	  	 	 	0.8873	  	 	 	0.8765	  	 	 	0.8650	  	 	 	0.8525	  	 	 	0.8394	  	 	 	0.8253	  	 	 	0.8106	  	 	 	0.7952	  	 	 	0.7789	  	 	 	0.7619	  	 	 	0.7441	  	 	 	0.7257	  	 	 	0.7067	  
	 	 	70	  	 	 	0.9260	  	 	 	0.9186	  	 	 	0.9105	  	 	 	0.9017	  	 	 	0.8921	  	 	 	0.8816	  	 	 	0.8704	  	 	 	0.8584	  	 	 	0.8455	  	 	 	0.8318	  	 	 	0.8174	  	 	 	0.8023	  	 	 	0.7863	  	 	 	0.7695	  	 	 	0.7520	  	 	 	0.7338	  	 	 	0.7150	  
	 	 	71	  	 	 	0.9295	  	 	 	0.9224	  	 	 	0.9147	  	 	 	0.9062	  	 	 	0.8968	  	 	 	0.8867	  	 	 	0.8759	  	 	 	0.8641	  	 	 	0.8516	  	 	 	0.8383	  	 	 	0.8242	  	 	 	0.8094	  	 	 	0.7937	  	 	 	0.7772	  	 	 	0.7600	  	 	 	0.7420	  	 	 	0.7235	  
	 	 	72	  	 	 	0.9329	  	 	 	0.9262	  	 	 	0.9186	  	 	 	0.9105	  	 	 	0.9015	  	 	 	0.8917	  	 	 	0.8812	  	 	 	0.8698	  	 	 	0.8577	  	 	 	0.8447	  	 	 	0.8309	  	 	 	0.8164	  	 	 	0.8011	  	 	 	0.7849	  	 	 	0.7680	  	 	 	0.7503	  	 	 	0.7320	  
	 	 	73	  	 	 	0.9362	  	 	 	0.9297	  	 	 	0.9225	  	 	 	0.9147	  	 	 	0.9060	  	 	 	0.8966	  	 	 	0.8864	  	 	 	0.8754	  	 	 	0.8636	  	 	 	0.8509	  	 	 	0.8376	  	 	 	0.8234	  	 	 	0.8085	  	 	 	0.7926	  	 	 	0.7761	  	 	 	0.7586	  	 	 	0.7406	  
	 	 	74	  	 	 	0.9394	  	 	 	0.9332	  	 	 	0.9263	  	 	 	0.9188	  	 	 	0.9105	  	 	 	0.9014	  	 	 	0.8915	  	 	 	0.8809	  	 	 	0.8695	  	 	 	0.8572	  	 	 	0.8442	  	 	 	0.8304	  	 	 	0.8158	  	 	 	0.8003	  	 	 	0.7841	  	 	 	0.7669	  	 	 	0.7492	  
	 	 	75	  	 	 	0.9424	  	 	 	0.9366	  	 	 	0.9300	  	 	 	0.9228	  	 	 	0.9147	  	 	 	0.9060	  	 	 	0.8965	  	 	 	0.8862	  	 	 	0.8753	  	 	 	0.8634	  	 	 	0.8507	  	 	 	0.8373	  	 	 	0.8231	  	 	 	0.8080	  	 	 	0.7920	  	 	 	0.7753	  	 	 	0.7579	  
	 	 	76	  	 	 	0.9454	  	 	 	0.9398	  	 	 	0.9335	  	 	 	0.9266	  	 	 	0.9189	  	 	 	0.9106	  	 	 	0.9015	  	 	 	0.8915	  	 	 	0.8809	  	 	 	0.8694	  	 	 	0.8572	  	 	 	0.8441	  	 	 	0.8303	  	 	 	0.8155	  	 	 	0.8000	  	 	 	0.7835	  	 	 	0.7665	  
	 	 	77	  	 	 	0.9483	  	 	 	0.9429	  	 	 	0.9369	  	 	 	0.9303	  	 	 	0.9230	  	 	 	0.9149	  	 	 	0.9062	  	 	 	0.8966	  	 	 	0.8864	  	 	 	0.8752	  	 	 	0.8634	  	 	 	0.8508	  	 	 	0.8374	  	 	 	0.8230	  	 	 	0.8078	  	 	 	0.7917	  	 	 	0.7750	  
	 	 	78	  	 	 	0.9510	  	 	 	0.9460	  	 	 	0.9402	  	 	 	0.9339	  	 	 	0.9269	  	 	 	0.9192	  	 	 	0.9108	  	 	 	0.9016	  	 	 	0.8918	  	 	 	0.8810	  	 	 	0.8695	  	 	 	0.8573	  	 	 	0.8443	  	 	 	0.8304	  	 	 	0.8156	  	 	 	0.7998	  	 	 	0.7836	  
	 	 	79	  	 	 	0.9536	  	 	 	0.9488	  	 	 	0.9433	  	 	 	0.9374	  	 	 	0.9307	  	 	 	0.9233	  	 	 	0.9152	  	 	 	0.9064	  	 	 	0.8969	  	 	 	0.8866	  	 	 	0.8755	  	 	 	0.8638	  	 	 	0.8512	  	 	 	0.8376	  	 	 	0.8232	  	 	 	0.8080	  	 	 	0.7920	  
	 	 	80	  	 	 	0.9561	  	 	 	0.9515	  	 	 	0.9464	  	 	 	0.9407	  	 	 	0.9343	  	 	 	0.9272	  	 	 	0.9196	  	 	 	0.9111	  	 	 	0.9019	  	 	 	0.8921	  	 	 	0.8814	  	 	 	0.8700	  	 	 	0.8578	  	 	 	0.8447	  	 	 	0.8307	  	 	 	0.8159	  	 	 	0.8003	  
	 	 	81	  	 	 	0.9585	  	 	 	0.9542	  	 	 	0.9493	  	 	 	0.9438	  	 	 	0.9378	  	 	 	0.9310	  	 	 	0.9237	  	 	 	0.9156	  	 	 	0.9069	  	 	 	0.8973	  	 	 	0.8871	  	 	 	0.8761	  	 	 	0.8643	  	 	 	0.8517	  	 	 	0.8382	  	 	 	0.8237	  	 	 	0.8085	  
	 	 	82	  	 	 	0.9608	  	 	 	0.9567	  	 	 	0.9521	  	 	 	0.9469	  	 	 	0.9412	  	 	 	0.9347	  	 	 	0.9277	  	 	 	0.9200	  	 	 	0.9116	  	 	 	0.9025	  	 	 	0.8926	  	 	 	0.8821	  	 	 	0.8708	  	 	 	0.8585	  	 	 	0.8454	  	 	 	0.8314	  	 	 	0.8167	  
	 	 	83	  	 	 	0.9631	  	 	 	0.9592	  	 	 	0.9548	  	 	 	0.9498	  	 	 	0.9444	  	 	 	0.9383	  	 	 	0.9316	  	 	 	0.9242	  	 	 	0.9162	  	 	 	0.9075	  	 	 	0.8980	  	 	 	0.8880	  	 	 	0.8770	  	 	 	0.8652	  	 	 	0.8525	  	 	 	0.8389	  	 	 	0.8247	  
	 	 	84	  	 	 	0.9652	  	 	 	0.9615	  	 	 	0.9573	  	 	 	0.9527	  	 	 	0.9475	  	 	 	0.9417	  	 	 	0.9354	  	 	 	0.9283	  	 	 	0.9207	  	 	 	0.9123	  	 	 	0.9033	  	 	 	0.8936	  	 	 	0.8831	  	 	 	0.8717	  	 	 	0.8595	  	 	 	0.8464	  	 	 	0.8326	  
	 	 	85	  	 	 	0.9672	  	 	 	0.9637	  	 	 	0.9598	  	 	 	0.9554	  	 	 	0.9504	  	 	 	0.9450	  	 	 	0.9390	  	 	 	0.9323	  	 	 	0.9250	  	 	 	0.9170	  	 	 	0.9084	  	 	 	0.8991	  	 	 	0.8891	  	 	 	0.8781	  	 	 	0.8664	  	 	 	0.8537	  	 	 	0.8403	  

  
 53 

 APPENDICES 

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	25	  	 	 	0.9910	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9885	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9812	  	 	 	0.9796	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9741	  	 	 	0.9719	  	 	 	0.9696	  	 	 	0.9671	  
	 	 	26	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9878	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9816	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9765	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9701	  	 	 	0.9676	  
	 	 	27	  	 	 	0.9914	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9787	  	 	 	0.9770	  	 	 	0.9750	  	 	 	0.9729	  	 	 	0.9706	  	 	 	0.9682	  
	 	 	28	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9825	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9775	  	 	 	0.9755	  	 	 	0.9735	  	 	 	0.9712	  	 	 	0.9688	  
	 	 	29	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9829	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9780	  	 	 	0.9761	  	 	 	0.9740	  	 	 	0.9718	  	 	 	0.9694	  
	 	 	30	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9785	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9700	  
	 	 	31	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9903	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9752	  	 	 	0.9730	  	 	 	0.9706	  
	 	 	32	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9777	  	 	 	0.9758	  	 	 	0.9737	  	 	 	0.9713	  
	 	 	33	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9764	  	 	 	0.9743	  	 	 	0.9720	  
	 	 	34	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9749	  	 	 	0.9727	  
	 	 	35	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9756	  	 	 	0.9734	  
	 	 	36	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9763	  	 	 	0.9741	  
	 	 	37	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9749	  
	 	 	38	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9777	  	 	 	0.9755	  
	 	 	39	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9763	  
	 	 	40	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9791	  	 	 	0.9770	  
	 	 	41	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9779	  
	 	 	42	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  
	 	 	43	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9794	  
	 	 	44	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9819	  	 	 	0.9801	  
	 	 	45	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9809	  
	 	 	46	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9816	  
	 	 	47	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9824	  
	 	 	48	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9831	  
	 	 	49	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  
	 	 	50	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9845	  
	 	 	51	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9853	  
	 	 	52	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  
	 	 	53	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  
	 	 	54	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  
	 	 	55	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  

  
 54 

 APPENDICES 
  

 TABLE L 

Conversion from Single Life to 

50% Joint and Survivor Without Pop-Up 

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  
	 	 	57	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  
	 	 	58	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  
	 	 	59	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9903	  
	 	 	60	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  
	 	 	61	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  
	 	 	62	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  
	 	 	63	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9932	  	 	 	0.9925	  
	 	 	64	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9930	  
	 	 	65	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9934	  
	 	 	66	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9939	  
	 	 	67	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9973	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  
	 	 	68	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  
	 	 	69	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  
	 	 	70	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  
	 	 	71	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  
	 	 	72	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  
	 	 	73	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9983	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  
	 	 	74	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  
	 	 	75	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9973	  	 	 	0.9970	  
	 	 	76	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  
	 	 	77	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  
	 	 	78	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9977	  
	 	 	79	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  
	 	 	80	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9981	  
	 	 	81	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  
	 	 	82	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  
	 	 	83	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9995	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  
	 	 	84	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  
	 	 	85	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  

  
 55 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
  

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	25	  	 	 	0.9645	  	 	 	0.9616	  	 	 	0.9586	  	 	 	0.9553	  	 	 	0.9519	  	 	 	0.9483	  	 	 	0.9444	  	 	 	0.9403	  	 	 	0.9360	  	 	 	0.9314	  	 	 	0.9266	  	 	 	0.9215	  	 	 	0.9159	  	 	 	0.9101	  	 	 	0.9039	  	 	 	0.8974	  	 	 	0.8903	  
	 	 	26	  	 	 	0.9651	  	 	 	0.9622	  	 	 	0.9592	  	 	 	0.9559	  	 	 	0.9526	  	 	 	0.9490	  	 	 	0.9451	  	 	 	0.9411	  	 	 	0.9367	  	 	 	0.9321	  	 	 	0.9274	  	 	 	0.9222	  	 	 	0.9167	  	 	 	0.9109	  	 	 	0.9047	  	 	 	0.8982	  	 	 	0.8912	  
	 	 	27	  	 	 	0.9657	  	 	 	0.9628	  	 	 	0.9598	  	 	 	0.9566	  	 	 	0.9533	  	 	 	0.9497	  	 	 	0.9458	  	 	 	0.9417	  	 	 	0.9374	  	 	 	0.9329	  	 	 	0.9281	  	 	 	0.9230	  	 	 	0.9175	  	 	 	0.9117	  	 	 	0.9055	  	 	 	0.8990	  	 	 	0.8920	  
	 	 	28	  	 	 	0.9662	  	 	 	0.9635	  	 	 	0.9605	  	 	 	0.9573	  	 	 	0.9539	  	 	 	0.9504	  	 	 	0.9465	  	 	 	0.9425	  	 	 	0.9383	  	 	 	0.9337	  	 	 	0.9289	  	 	 	0.9238	  	 	 	0.9184	  	 	 	0.9126	  	 	 	0.9064	  	 	 	0.8999	  	 	 	0.8929	  
	 	 	29	  	 	 	0.9669	  	 	 	0.9641	  	 	 	0.9611	  	 	 	0.9580	  	 	 	0.9547	  	 	 	0.9511	  	 	 	0.9473	  	 	 	0.9433	  	 	 	0.9391	  	 	 	0.9345	  	 	 	0.9298	  	 	 	0.9247	  	 	 	0.9192	  	 	 	0.9135	  	 	 	0.9073	  	 	 	0.9008	  	 	 	0.8939	  
	 	 	30	  	 	 	0.9675	  	 	 	0.9648	  	 	 	0.9619	  	 	 	0.9587	  	 	 	0.9554	  	 	 	0.9519	  	 	 	0.9481	  	 	 	0.9442	  	 	 	0.9399	  	 	 	0.9354	  	 	 	0.9307	  	 	 	0.9256	  	 	 	0.9201	  	 	 	0.9145	  	 	 	0.9083	  	 	 	0.9018	  	 	 	0.8949	  
	 	 	31	  	 	 	0.9682	  	 	 	0.9654	  	 	 	0.9626	  	 	 	0.9595	  	 	 	0.9562	  	 	 	0.9527	  	 	 	0.9490	  	 	 	0.9450	  	 	 	0.9408	  	 	 	0.9363	  	 	 	0.9316	  	 	 	0.9266	  	 	 	0.9212	  	 	 	0.9154	  	 	 	0.9093	  	 	 	0.9029	  	 	 	0.8959	  
	 	 	32	  	 	 	0.9689	  	 	 	0.9662	  	 	 	0.9634	  	 	 	0.9602	  	 	 	0.9570	  	 	 	0.9535	  	 	 	0.9498	  	 	 	0.9459	  	 	 	0.9417	  	 	 	0.9373	  	 	 	0.9326	  	 	 	0.9276	  	 	 	0.9222	  	 	 	0.9166	  	 	 	0.9104	  	 	 	0.9040	  	 	 	0.8971	  
	 	 	33	  	 	 	0.9696	  	 	 	0.9669	  	 	 	0.9641	  	 	 	0.9610	  	 	 	0.9579	  	 	 	0.9544	  	 	 	0.9507	  	 	 	0.9468	  	 	 	0.9426	  	 	 	0.9383	  	 	 	0.9336	  	 	 	0.9287	  	 	 	0.9233	  	 	 	0.9176	  	 	 	0.9115	  	 	 	0.9051	  	 	 	0.8982	  
	 	 	34	  	 	 	0.9703	  	 	 	0.9677	  	 	 	0.9649	  	 	 	0.9619	  	 	 	0.9587	  	 	 	0.9553	  	 	 	0.9517	  	 	 	0.9478	  	 	 	0.9437	  	 	 	0.9393	  	 	 	0.9347	  	 	 	0.9297	  	 	 	0.9244	  	 	 	0.9188	  	 	 	0.9127	  	 	 	0.9063	  	 	 	0.8995	  
	 	 	35	  	 	 	0.9711	  	 	 	0.9685	  	 	 	0.9658	  	 	 	0.9628	  	 	 	0.9596	  	 	 	0.9563	  	 	 	0.9526	  	 	 	0.9488	  	 	 	0.9447	  	 	 	0.9404	  	 	 	0.9358	  	 	 	0.9309	  	 	 	0.9256	  	 	 	0.9200	  	 	 	0.9140	  	 	 	0.9077	  	 	 	0.9008	  
	 	 	36	  	 	 	0.9718	  	 	 	0.9693	  	 	 	0.9666	  	 	 	0.9636	  	 	 	0.9605	  	 	 	0.9572	  	 	 	0.9536	  	 	 	0.9498	  	 	 	0.9458	  	 	 	0.9415	  	 	 	0.9370	  	 	 	0.9321	  	 	 	0.9268	  	 	 	0.9213	  	 	 	0.9153	  	 	 	0.9089	  	 	 	0.9021	  
	 	 	37	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9674	  	 	 	0.9645	  	 	 	0.9615	  	 	 	0.9582	  	 	 	0.9546	  	 	 	0.9509	  	 	 	0.9469	  	 	 	0.9426	  	 	 	0.9382	  	 	 	0.9333	  	 	 	0.9280	  	 	 	0.9226	  	 	 	0.9166	  	 	 	0.9104	  	 	 	0.9036	  
	 	 	38	  	 	 	0.9734	  	 	 	0.9710	  	 	 	0.9683	  	 	 	0.9655	  	 	 	0.9624	  	 	 	0.9592	  	 	 	0.9557	  	 	 	0.9520	  	 	 	0.9481	  	 	 	0.9439	  	 	 	0.9394	  	 	 	0.9346	  	 	 	0.9294	  	 	 	0.9240	  	 	 	0.9181	  	 	 	0.9118	  	 	 	0.9051	  
	 	 	39	  	 	 	0.9742	  	 	 	0.9718	  	 	 	0.9692	  	 	 	0.9664	  	 	 	0.9635	  	 	 	0.9603	  	 	 	0.9568	  	 	 	0.9531	  	 	 	0.9492	  	 	 	0.9451	  	 	 	0.9407	  	 	 	0.9360	  	 	 	0.9308	  	 	 	0.9254	  	 	 	0.9195	  	 	 	0.9133	  	 	 	0.9067	  
	 	 	40	  	 	 	0.9750	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9673	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9579	  	 	 	0.9544	  	 	 	0.9505	  	 	 	0.9464	  	 	 	0.9420	  	 	 	0.9373	  	 	 	0.9322	  	 	 	0.9269	  	 	 	0.9211	  	 	 	0.9149	  	 	 	0.9083	  
	 	 	41	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9710	  	 	 	0.9683	  	 	 	0.9655	  	 	 	0.9624	  	 	 	0.9591	  	 	 	0.9556	  	 	 	0.9517	  	 	 	0.9477	  	 	 	0.9434	  	 	 	0.9388	  	 	 	0.9337	  	 	 	0.9285	  	 	 	0.9227	  	 	 	0.9166	  	 	 	0.9100	  
	 	 	42	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9719	  	 	 	0.9693	  	 	 	0.9665	  	 	 	0.9635	  	 	 	0.9602	  	 	 	0.9568	  	 	 	0.9530	  	 	 	0.9491	  	 	 	0.9448	  	 	 	0.9402	  	 	 	0.9353	  	 	 	0.9301	  	 	 	0.9243	  	 	 	0.9183	  	 	 	0.9118	  
	 	 	43	  	 	 	0.9774	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9703	  	 	 	0.9676	  	 	 	0.9646	  	 	 	0.9614	  	 	 	0.9580	  	 	 	0.9543	  	 	 	0.9505	  	 	 	0.9463	  	 	 	0.9417	  	 	 	0.9369	  	 	 	0.9317	  	 	 	0.9261	  	 	 	0.9200	  	 	 	0.9136	  
	 	 	44	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9713	  	 	 	0.9686	  	 	 	0.9658	  	 	 	0.9626	  	 	 	0.9593	  	 	 	0.9557	  	 	 	0.9518	  	 	 	0.9478	  	 	 	0.9433	  	 	 	0.9385	  	 	 	0.9334	  	 	 	0.9278	  	 	 	0.9219	  	 	 	0.9155	  
	 	 	45	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9669	  	 	 	0.9638	  	 	 	0.9606	  	 	 	0.9571	  	 	 	0.9533	  	 	 	0.9493	  	 	 	0.9449	  	 	 	0.9401	  	 	 	0.9352	  	 	 	0.9296	  	 	 	0.9238	  	 	 	0.9175	  
	 	 	46	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9733	  	 	 	0.9708	  	 	 	0.9681	  	 	 	0.9651	  	 	 	0.9619	  	 	 	0.9584	  	 	 	0.9548	  	 	 	0.9508	  	 	 	0.9465	  	 	 	0.9418	  	 	 	0.9369	  	 	 	0.9315	  	 	 	0.9258	  	 	 	0.9195	  
	 	 	47	  	 	 	0.9807	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9663	  	 	 	0.9632	  	 	 	0.9599	  	 	 	0.9562	  	 	 	0.9524	  	 	 	0.9482	  	 	 	0.9436	  	 	 	0.9387	  	 	 	0.9334	  	 	 	0.9277	  	 	 	0.9216	  
	 	 	48	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9730	  	 	 	0.9704	  	 	 	0.9675	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9577	  	 	 	0.9539	  	 	 	0.9499	  	 	 	0.9453	  	 	 	0.9406	  	 	 	0.9354	  	 	 	0.9297	  	 	 	0.9237	  
	 	 	49	  	 	 	0.9823	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9741	  	 	 	0.9715	  	 	 	0.9688	  	 	 	0.9659	  	 	 	0.9627	  	 	 	0.9593	  	 	 	0.9556	  	 	 	0.9516	  	 	 	0.9471	  	 	 	0.9425	  	 	 	0.9374	  	 	 	0.9319	  	 	 	0.9259	  
	 	 	50	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9672	  	 	 	0.9641	  	 	 	0.9608	  	 	 	0.9572	  	 	 	0.9532	  	 	 	0.9489	  	 	 	0.9444	  	 	 	0.9394	  	 	 	0.9340	  	 	 	0.9282	  
	 	 	51	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9622	  	 	 	0.9588	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9464	  	 	 	0.9415	  	 	 	0.9362	  	 	 	0.9305	  
	 	 	52	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9725	  	 	 	0.9698	  	 	 	0.9670	  	 	 	0.9638	  	 	 	0.9605	  	 	 	0.9567	  	 	 	0.9527	  	 	 	0.9483	  	 	 	0.9435	  	 	 	0.9384	  	 	 	0.9328	  
	 	 	53	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9585	  	 	 	0.9546	  	 	 	0.9503	  	 	 	0.9456	  	 	 	0.9406	  	 	 	0.9351	  
	 	 	54	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9749	  	 	 	0.9724	  	 	 	0.9698	  	 	 	0.9668	  	 	 	0.9637	  	 	 	0.9602	  	 	 	0.9564	  	 	 	0.9523	  	 	 	0.9478	  	 	 	0.9429	  	 	 	0.9376	  
	 	 	55	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9683	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9582	  	 	 	0.9544	  	 	 	0.9499	  	 	 	0.9452	  	 	 	0.9400	  

  
 56 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	56	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9750	  	 	 	0.9726	  	 	 	0.9698	  	 	 	0.9670	  	 	 	0.9637	  	 	 	0.9602	  	 	 	0.9563	  	 	 	0.9521	  	 	 	0.9475	  	 	 	0.9424	  
	 	 	57	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9839	  	 	 	0.9823	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9686	  	 	 	0.9654	  	 	 	0.9620	  	 	 	0.9583	  	 	 	0.9542	  	 	 	0.9498	  	 	 	0.9449	  
	 	 	58	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9728	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9638	  	 	 	0.9604	  	 	 	0.9563	  	 	 	0.9521	  	 	 	0.9473	  
	 	 	59	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9657	  	 	 	0.9623	  	 	 	0.9585	  	 	 	0.9544	  	 	 	0.9498	  
	 	 	60	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9756	  	 	 	0.9733	  	 	 	0.9705	  	 	 	0.9675	  	 	 	0.9643	  	 	 	0.9606	  	 	 	0.9567	  	 	 	0.9523	  
	 	 	61	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9791	  	 	 	0.9770	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9693	  	 	 	0.9662	  	 	 	0.9627	  	 	 	0.9589	  	 	 	0.9547	  
	 	 	62	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9762	  	 	 	0.9738	  	 	 	0.9710	  	 	 	0.9681	  	 	 	0.9648	  	 	 	0.9612	  	 	 	0.9572	  
	 	 	63	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9728	  	 	 	0.9699	  	 	 	0.9668	  	 	 	0.9634	  	 	 	0.9595	  
	 	 	64	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9688	  	 	 	0.9655	  	 	 	0.9618	  
	 	 	65	  	 	 	0.9929	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9707	  	 	 	0.9676	  	 	 	0.9642	  
	 	 	66	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9776	  	 	 	0.9753	  	 	 	0.9726	  	 	 	0.9697	  	 	 	0.9664	  
	 	 	67	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9791	  	 	 	0.9769	  	 	 	0.9744	  	 	 	0.9716	  	 	 	0.9685	  
	 	 	68	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9761	  	 	 	0.9736	  	 	 	0.9706	  
	 	 	69	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9754	  	 	 	0.9727	  
	 	 	70	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9794	  	 	 	0.9772	  	 	 	0.9746	  
	 	 	71	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9809	  	 	 	0.9789	  	 	 	0.9765	  
	 	 	72	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9805	  	 	 	0.9783	  
	 	 	73	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9820	  	 	 	0.9799	  
	 	 	74	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9815	  
	 	 	75	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9830	  
	 	 	76	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9845	  
	 	 	77	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9873	  	 	 	0.9858	  
	 	 	78	  	 	 	0.9976	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9871	  
	 	 	79	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9881	  
	 	 	80	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9892	  
	 	 	81	  	 	 	0.9982	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9902	  
	 	 	82	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9911	  
	 	 	83	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9919	  
	 	 	84	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  
	 	 	85	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  

  
 57 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.8828	  	 	 	0.8749	  	 	 	0.8665	  	 	 	0.8576	  	 	 	0.8481	  	 	 	0.8382	  	 	 	0.8277	  	 	 	0.8167	  	 	 	0.8052	  	 	 	0.7932	  	 	 	0.7806	  	 	 	0.7676	  	 	 	0.7541	  	 	 	0.7400	  	 	 	0.7254	  	 	 	0.7102	  	 	 	0.6948	  
	 	 	26	  	 	 	0.8837	  	 	 	0.8757	  	 	 	0.8673	  	 	 	0.8584	  	 	 	0.8490	  	 	 	0.8391	  	 	 	0.8286	  	 	 	0.8176	  	 	 	0.8062	  	 	 	0.7940	  	 	 	0.7815	  	 	 	0.7685	  	 	 	0.7550	  	 	 	0.7409	  	 	 	0.7263	  	 	 	0.7111	  	 	 	0.6957	  
	 	 	27	  	 	 	0.8845	  	 	 	0.8766	  	 	 	0.8682	  	 	 	0.8594	  	 	 	0.8499	  	 	 	0.8399	  	 	 	0.8295	  	 	 	0.8185	  	 	 	0.8071	  	 	 	0.7950	  	 	 	0.7825	  	 	 	0.7695	  	 	 	0.7559	  	 	 	0.7418	  	 	 	0.7273	  	 	 	0.7121	  	 	 	0.6966	  
	 	 	28	  	 	 	0.8854	  	 	 	0.8776	  	 	 	0.8691	  	 	 	0.8603	  	 	 	0.8508	  	 	 	0.8409	  	 	 	0.8305	  	 	 	0.8195	  	 	 	0.8080	  	 	 	0.7960	  	 	 	0.7835	  	 	 	0.7704	  	 	 	0.7569	  	 	 	0.7428	  	 	 	0.7282	  	 	 	0.7130	  	 	 	0.6975	  
	 	 	29	  	 	 	0.8864	  	 	 	0.8785	  	 	 	0.8702	  	 	 	0.8613	  	 	 	0.8519	  	 	 	0.8420	  	 	 	0.8316	  	 	 	0.8205	  	 	 	0.8091	  	 	 	0.7970	  	 	 	0.7845	  	 	 	0.7715	  	 	 	0.7580	  	 	 	0.7439	  	 	 	0.7293	  	 	 	0.7141	  	 	 	0.6986	  
	 	 	30	  	 	 	0.8874	  	 	 	0.8796	  	 	 	0.8712	  	 	 	0.8624	  	 	 	0.8529	  	 	 	0.8430	  	 	 	0.8327	  	 	 	0.8217	  	 	 	0.8102	  	 	 	0.7982	  	 	 	0.7857	  	 	 	0.7726	  	 	 	0.7591	  	 	 	0.7450	  	 	 	0.7304	  	 	 	0.7152	  	 	 	0.6997	  
	 	 	31	  	 	 	0.8885	  	 	 	0.8807	  	 	 	0.8723	  	 	 	0.8635	  	 	 	0.8541	  	 	 	0.8442	  	 	 	0.8338	  	 	 	0.8228	  	 	 	0.8114	  	 	 	0.7994	  	 	 	0.7869	  	 	 	0.7739	  	 	 	0.7603	  	 	 	0.7462	  	 	 	0.7316	  	 	 	0.7165	  	 	 	0.7010	  
	 	 	32	  	 	 	0.8896	  	 	 	0.8818	  	 	 	0.8735	  	 	 	0.8647	  	 	 	0.8553	  	 	 	0.8454	  	 	 	0.8351	  	 	 	0.8241	  	 	 	0.8126	  	 	 	0.8007	  	 	 	0.7881	  	 	 	0.7751	  	 	 	0.7616	  	 	 	0.7475	  	 	 	0.7329	  	 	 	0.7177	  	 	 	0.7023	  
	 	 	33	  	 	 	0.8908	  	 	 	0.8830	  	 	 	0.8747	  	 	 	0.8660	  	 	 	0.8566	  	 	 	0.8467	  	 	 	0.8364	  	 	 	0.8254	  	 	 	0.8140	  	 	 	0.8020	  	 	 	0.7895	  	 	 	0.7765	  	 	 	0.7629	  	 	 	0.7489	  	 	 	0.7343	  	 	 	0.7191	  	 	 	0.7036	  
	 	 	34	  	 	 	0.8921	  	 	 	0.8844	  	 	 	0.8761	  	 	 	0.8673	  	 	 	0.8580	  	 	 	0.8481	  	 	 	0.8377	  	 	 	0.8268	  	 	 	0.8154	  	 	 	0.8034	  	 	 	0.7909	  	 	 	0.7779	  	 	 	0.7644	  	 	 	0.7503	  	 	 	0.7357	  	 	 	0.7205	  	 	 	0.7050	  
	 	 	35	  	 	 	0.8934	  	 	 	0.8857	  	 	 	0.8774	  	 	 	0.8687	  	 	 	0.8594	  	 	 	0.8495	  	 	 	0.8392	  	 	 	0.8283	  	 	 	0.8169	  	 	 	0.8049	  	 	 	0.7925	  	 	 	0.7795	  	 	 	0.7659	  	 	 	0.7519	  	 	 	0.7373	  	 	 	0.7221	  	 	 	0.7066	  
	 	 	36	  	 	 	0.8949	  	 	 	0.8871	  	 	 	0.8789	  	 	 	0.8701	  	 	 	0.8609	  	 	 	0.8511	  	 	 	0.8407	  	 	 	0.8299	  	 	 	0.8185	  	 	 	0.8065	  	 	 	0.7941	  	 	 	0.7811	  	 	 	0.7676	  	 	 	0.7535	  	 	 	0.7389	  	 	 	0.7238	  	 	 	0.7082	  
	 	 	37	  	 	 	0.8963	  	 	 	0.8886	  	 	 	0.8804	  	 	 	0.8717	  	 	 	0.8624	  	 	 	0.8527	  	 	 	0.8424	  	 	 	0.8315	  	 	 	0.8201	  	 	 	0.8082	  	 	 	0.7957	  	 	 	0.7828	  	 	 	0.7693	  	 	 	0.7553	  	 	 	0.7406	  	 	 	0.7254	  	 	 	0.7099	  
	 	 	38	  	 	 	0.8979	  	 	 	0.8902	  	 	 	0.8820	  	 	 	0.8734	  	 	 	0.8642	  	 	 	0.8544	  	 	 	0.8441	  	 	 	0.8332	  	 	 	0.8219	  	 	 	0.8099	  	 	 	0.7975	  	 	 	0.7846	  	 	 	0.7711	  	 	 	0.7571	  	 	 	0.7425	  	 	 	0.7273	  	 	 	0.7118	  
	 	 	39	  	 	 	0.8995	  	 	 	0.8918	  	 	 	0.8837	  	 	 	0.8751	  	 	 	0.8659	  	 	 	0.8562	  	 	 	0.8459	  	 	 	0.8351	  	 	 	0.8238	  	 	 	0.8119	  	 	 	0.7994	  	 	 	0.7865	  	 	 	0.7731	  	 	 	0.7590	  	 	 	0.7444	  	 	 	0.7292	  	 	 	0.7137	  
	 	 	40	  	 	 	0.9011	  	 	 	0.8936	  	 	 	0.8855	  	 	 	0.8768	  	 	 	0.8677	  	 	 	0.8580	  	 	 	0.8479	  	 	 	0.8371	  	 	 	0.8257	  	 	 	0.8138	  	 	 	0.8014	  	 	 	0.7885	  	 	 	0.7751	  	 	 	0.7611	  	 	 	0.7465	  	 	 	0.7313	  	 	 	0.7158	  
	 	 	41	  	 	 	0.9029	  	 	 	0.8954	  	 	 	0.8873	  	 	 	0.8788	  	 	 	0.8697	  	 	 	0.8600	  	 	 	0.8498	  	 	 	0.8391	  	 	 	0.8278	  	 	 	0.8159	  	 	 	0.8036	  	 	 	0.7907	  	 	 	0.7773	  	 	 	0.7633	  	 	 	0.7487	  	 	 	0.7336	  	 	 	0.7180	  
	 	 	42	  	 	 	0.9047	  	 	 	0.8972	  	 	 	0.8893	  	 	 	0.8807	  	 	 	0.8717	  	 	 	0.8621	  	 	 	0.8520	  	 	 	0.8412	  	 	 	0.8300	  	 	 	0.8182	  	 	 	0.8058	  	 	 	0.7930	  	 	 	0.7796	  	 	 	0.7656	  	 	 	0.7510	  	 	 	0.7359	  	 	 	0.7204	  
	 	 	43	  	 	 	0.9067	  	 	 	0.8992	  	 	 	0.8913	  	 	 	0.8828	  	 	 	0.8738	  	 	 	0.8642	  	 	 	0.8542	  	 	 	0.8435	  	 	 	0.8323	  	 	 	0.8205	  	 	 	0.8082	  	 	 	0.7953	  	 	 	0.7820	  	 	 	0.7680	  	 	 	0.7535	  	 	 	0.7383	  	 	 	0.7229	  
	 	 	44	  	 	 	0.9086	  	 	 	0.9012	  	 	 	0.8934	  	 	 	0.8850	  	 	 	0.8760	  	 	 	0.8665	  	 	 	0.8565	  	 	 	0.8459	  	 	 	0.8347	  	 	 	0.8230	  	 	 	0.8107	  	 	 	0.7979	  	 	 	0.7845	  	 	 	0.7705	  	 	 	0.7560	  	 	 	0.7410	  	 	 	0.7254	  
	 	 	45	  	 	 	0.9106	  	 	 	0.9033	  	 	 	0.8955	  	 	 	0.8872	  	 	 	0.8783	  	 	 	0.8689	  	 	 	0.8589	  	 	 	0.8483	  	 	 	0.8372	  	 	 	0.8255	  	 	 	0.8133	  	 	 	0.8005	  	 	 	0.7872	  	 	 	0.7733	  	 	 	0.7588	  	 	 	0.7437	  	 	 	0.7282	  
	 	 	46	  	 	 	0.9127	  	 	 	0.9055	  	 	 	0.8978	  	 	 	0.8896	  	 	 	0.8807	  	 	 	0.8714	  	 	 	0.8614	  	 	 	0.8509	  	 	 	0.8399	  	 	 	0.8282	  	 	 	0.8161	  	 	 	0.8033	  	 	 	0.7900	  	 	 	0.7761	  	 	 	0.7616	  	 	 	0.7466	  	 	 	0.7311	  
	 	 	47	  	 	 	0.9149	  	 	 	0.9078	  	 	 	0.9001	  	 	 	0.8920	  	 	 	0.8832	  	 	 	0.8739	  	 	 	0.8641	  	 	 	0.8536	  	 	 	0.8426	  	 	 	0.8310	  	 	 	0.8188	  	 	 	0.8062	  	 	 	0.7930	  	 	 	0.7791	  	 	 	0.7647	  	 	 	0.7496	  	 	 	0.7341	  
	 	 	48	  	 	 	0.9172	  	 	 	0.9101	  	 	 	0.9025	  	 	 	0.8945	  	 	 	0.8858	  	 	 	0.8765	  	 	 	0.8668	  	 	 	0.8564	  	 	 	0.8455	  	 	 	0.8340	  	 	 	0.8219	  	 	 	0.8093	  	 	 	0.7961	  	 	 	0.7822	  	 	 	0.7678	  	 	 	0.7528	  	 	 	0.7374	  
	 	 	49	  	 	 	0.9195	  	 	 	0.9125	  	 	 	0.9050	  	 	 	0.8970	  	 	 	0.8885	  	 	 	0.8793	  	 	 	0.8696	  	 	 	0.8593	  	 	 	0.8485	  	 	 	0.8370	  	 	 	0.8250	  	 	 	0.8124	  	 	 	0.7993	  	 	 	0.7855	  	 	 	0.7711	  	 	 	0.7561	  	 	 	0.7407	  
	 	 	50	  	 	 	0.9218	  	 	 	0.9150	  	 	 	0.9076	  	 	 	0.8997	  	 	 	0.8912	  	 	 	0.8822	  	 	 	0.8726	  	 	 	0.8623	  	 	 	0.8516	  	 	 	0.8402	  	 	 	0.8283	  	 	 	0.8157	  	 	 	0.8027	  	 	 	0.7889	  	 	 	0.7747	  	 	 	0.7597	  	 	 	0.7443	  
	 	 	51	  	 	 	0.9242	  	 	 	0.9174	  	 	 	0.9102	  	 	 	0.9025	  	 	 	0.8941	  	 	 	0.8851	  	 	 	0.8756	  	 	 	0.8655	  	 	 	0.8548	  	 	 	0.8435	  	 	 	0.8317	  	 	 	0.8192	  	 	 	0.8062	  	 	 	0.7925	  	 	 	0.7783	  	 	 	0.7634	  	 	 	0.7481	  
	 	 	52	  	 	 	0.9266	  	 	 	0.9200	  	 	 	0.9129	  	 	 	0.9053	  	 	 	0.8970	  	 	 	0.8881	  	 	 	0.8788	  	 	 	0.8688	  	 	 	0.8582	  	 	 	0.8470	  	 	 	0.8353	  	 	 	0.8229	  	 	 	0.8099	  	 	 	0.7963	  	 	 	0.7821	  	 	 	0.7672	  	 	 	0.7520	  
	 	 	53	  	 	 	0.9291	  	 	 	0.9227	  	 	 	0.9156	  	 	 	0.9081	  	 	 	0.9000	  	 	 	0.8913	  	 	 	0.8820	  	 	 	0.8721	  	 	 	0.8617	  	 	 	0.8506	  	 	 	0.8389	  	 	 	0.8267	  	 	 	0.8138	  	 	 	0.8002	  	 	 	0.7861	  	 	 	0.7713	  	 	 	0.7561	  
	 	 	54	  	 	 	0.9317	  	 	 	0.9254	  	 	 	0.9185	  	 	 	0.9111	  	 	 	0.9031	  	 	 	0.8945	  	 	 	0.8854	  	 	 	0.8756	  	 	 	0.8653	  	 	 	0.8543	  	 	 	0.8428	  	 	 	0.8306	  	 	 	0.8178	  	 	 	0.8044	  	 	 	0.7903	  	 	 	0.7756	  	 	 	0.7604	  
	 	 	55	  	 	 	0.9343	  	 	 	0.9281	  	 	 	0.9213	  	 	 	0.9141	  	 	 	0.9062	  	 	 	0.8978	  	 	 	0.8888	  	 	 	0.8792	  	 	 	0.8691	  	 	 	0.8582	  	 	 	0.8467	  	 	 	0.8347	  	 	 	0.8221	  	 	 	0.8087	  	 	 	0.7947	  	 	 	0.7801	  	 	 	0.7650	  

  
 58 

 APPENDICES 
  

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

CECONY Weekly Participants –1 
  

																																																																									
	 	 	 	Age of Pensioner	 
	  
  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.9368	  	 	 	0.9309	  	 	 	0.9242	  	 	 	0.9172	  	 	 	0.9095	  	 	 	0.9012	  	 	 	0.8924	  	 	 	0.8829	  	 	 	0.8729	  	 	 	0.8621	  	 	 	0.8508	  	 	 	0.8390	  	 	 	0.8264	  	 	 	0.8132	  	 	 	0.7993	  	 	 	0.7847	  	 	 	0.7698	  
	 	 	57	  	 	 	0.9394	  	 	 	0.9336	  	 	 	0.9272	  	 	 	0.9203	  	 	 	0.9128	  	 	 	0.9047	  	 	 	0.8960	  	 	 	0.8867	  	 	 	0.8769	  	 	 	0.8662	  	 	 	0.8551	  	 	 	0.8434	  	 	 	0.8310	  	 	 	0.8179	  	 	 	0.8041	  	 	 	0.7896	  	 	 	0.7747	  
	 	 	58	  	 	 	0.9421	  	 	 	0.9364	  	 	 	0.9302	  	 	 	0.9235	  	 	 	0.9162	  	 	 	0.9083	  	 	 	0.8998	  	 	 	0.8906	  	 	 	0.8810	  	 	 	0.8705	  	 	 	0.8595	  	 	 	0.8480	  	 	 	0.8356	  	 	 	0.8227	  	 	 	0.8091	  	 	 	0.7947	  	 	 	0.7799	  
	 	 	59	  	 	 	0.9448	  	 	 	0.9393	  	 	 	0.9332	  	 	 	0.9267	  	 	 	0.9196	  	 	 	0.9118	  	 	 	0.9035	  	 	 	0.8946	  	 	 	0.8851	  	 	 	0.8749	  	 	 	0.8641	  	 	 	0.8526	  	 	 	0.8405	  	 	 	0.8278	  	 	 	0.8142	  	 	 	0.8000	  	 	 	0.7854	  
	 	 	60	  	 	 	0.9474	  	 	 	0.9420	  	 	 	0.9362	  	 	 	0.9299	  	 	 	0.9230	  	 	 	0.9154	  	 	 	0.9074	  	 	 	0.8986	  	 	 	0.8894	  	 	 	0.8793	  	 	 	0.8687	  	 	 	0.8575	  	 	 	0.8456	  	 	 	0.8329	  	 	 	0.8196	  	 	 	0.8056	  	 	 	0.7910	  
	 	 	61	  	 	 	0.9500	  	 	 	0.9449	  	 	 	0.9393	  	 	 	0.9331	  	 	 	0.9264	  	 	 	0.9192	  	 	 	0.9113	  	 	 	0.9028	  	 	 	0.8937	  	 	 	0.8839	  	 	 	0.8735	  	 	 	0.8625	  	 	 	0.8508	  	 	 	0.8383	  	 	 	0.8252	  	 	 	0.8113	  	 	 	0.7969	  
	 	 	62	  	 	 	0.9526	  	 	 	0.9477	  	 	 	0.9423	  	 	 	0.9364	  	 	 	0.9299	  	 	 	0.9228	  	 	 	0.9152	  	 	 	0.9069	  	 	 	0.8981	  	 	 	0.8885	  	 	 	0.8784	  	 	 	0.8676	  	 	 	0.8561	  	 	 	0.8439	  	 	 	0.8309	  	 	 	0.8172	  	 	 	0.8030	  
	 	 	63	  	 	 	0.9553	  	 	 	0.9505	  	 	 	0.9453	  	 	 	0.9396	  	 	 	0.9334	  	 	 	0.9265	  	 	 	0.9192	  	 	 	0.9111	  	 	 	0.9026	  	 	 	0.8932	  	 	 	0.8833	  	 	 	0.8727	  	 	 	0.8615	  	 	 	0.8495	  	 	 	0.8368	  	 	 	0.8233	  	 	 	0.8093	  
	 	 	64	  	 	 	0.9577	  	 	 	0.9532	  	 	 	0.9483	  	 	 	0.9429	  	 	 	0.9368	  	 	 	0.9302	  	 	 	0.9231	  	 	 	0.9153	  	 	 	0.9070	  	 	 	0.8979	  	 	 	0.8883	  	 	 	0.8780	  	 	 	0.8670	  	 	 	0.8553	  	 	 	0.8428	  	 	 	0.8295	  	 	 	0.8158	  
	 	 	65	  	 	 	0.9602	  	 	 	0.9559	  	 	 	0.9512	  	 	 	0.9460	  	 	 	0.9402	  	 	 	0.9339	  	 	 	0.9271	  	 	 	0.9196	  	 	 	0.9115	  	 	 	0.9027	  	 	 	0.8934	  	 	 	0.8833	  	 	 	0.8726	  	 	 	0.8611	  	 	 	0.8489	  	 	 	0.8359	  	 	 	0.8224	  
	 	 	66	  	 	 	0.9627	  	 	 	0.9586	  	 	 	0.9541	  	 	 	0.9491	  	 	 	0.9436	  	 	 	0.9376	  	 	 	0.9310	  	 	 	0.9238	  	 	 	0.9159	  	 	 	0.9075	  	 	 	0.8984	  	 	 	0.8887	  	 	 	0.8783	  	 	 	0.8671	  	 	 	0.8551	  	 	 	0.8425	  	 	 	0.8291	  
	 	 	67	  	 	 	0.9651	  	 	 	0.9612	  	 	 	0.9569	  	 	 	0.9522	  	 	 	0.9469	  	 	 	0.9411	  	 	 	0.9348	  	 	 	0.9279	  	 	 	0.9204	  	 	 	0.9122	  	 	 	0.9035	  	 	 	0.8940	  	 	 	0.8839	  	 	 	0.8731	  	 	 	0.8614	  	 	 	0.8490	  	 	 	0.8360	  
	 	 	68	  	 	 	0.9674	  	 	 	0.9637	  	 	 	0.9596	  	 	 	0.9552	  	 	 	0.9502	  	 	 	0.9447	  	 	 	0.9386	  	 	 	0.9320	  	 	 	0.9248	  	 	 	0.9169	  	 	 	0.9085	  	 	 	0.8994	  	 	 	0.8896	  	 	 	0.8790	  	 	 	0.8678	  	 	 	0.8557	  	 	 	0.8429	  
	 	 	69	  	 	 	0.9696	  	 	 	0.9661	  	 	 	0.9623	  	 	 	0.9581	  	 	 	0.9534	  	 	 	0.9481	  	 	 	0.9424	  	 	 	0.9360	  	 	 	0.9291	  	 	 	0.9216	  	 	 	0.9135	  	 	 	0.9047	  	 	 	0.8953	  	 	 	0.8851	  	 	 	0.8741	  	 	 	0.8623	  	 	 	0.8500	  
	 	 	70	  	 	 	0.9717	  	 	 	0.9685	  	 	 	0.9648	  	 	 	0.9609	  	 	 	0.9564	  	 	 	0.9514	  	 	 	0.9460	  	 	 	0.9400	  	 	 	0.9334	  	 	 	0.9262	  	 	 	0.9185	  	 	 	0.9100	  	 	 	0.9009	  	 	 	0.8911	  	 	 	0.8804	  	 	 	0.8690	  	 	 	0.8570	  
	 	 	71	  	 	 	0.9737	  	 	 	0.9708	  	 	 	0.9674	  	 	 	0.9636	  	 	 	0.9594	  	 	 	0.9547	  	 	 	0.9496	  	 	 	0.9438	  	 	 	0.9376	  	 	 	0.9307	  	 	 	0.9233	  	 	 	0.9153	  	 	 	0.9065	  	 	 	0.8971	  	 	 	0.8869	  	 	 	0.8758	  	 	 	0.8641	  
	 	 	72	  	 	 	0.9757	  	 	 	0.9729	  	 	 	0.9697	  	 	 	0.9662	  	 	 	0.9622	  	 	 	0.9578	  	 	 	0.9530	  	 	 	0.9476	  	 	 	0.9417	  	 	 	0.9351	  	 	 	0.9280	  	 	 	0.9204	  	 	 	0.9120	  	 	 	0.9029	  	 	 	0.8931	  	 	 	0.8825	  	 	 	0.8712	  
	 	 	73	  	 	 	0.9776	  	 	 	0.9750	  	 	 	0.9720	  	 	 	0.9687	  	 	 	0.9650	  	 	 	0.9608	  	 	 	0.9563	  	 	 	0.9512	  	 	 	0.9456	  	 	 	0.9395	  	 	 	0.9327	  	 	 	0.9254	  	 	 	0.9174	  	 	 	0.9087	  	 	 	0.8993	  	 	 	0.8890	  	 	 	0.8782	  
	 	 	74	  	 	 	0.9794	  	 	 	0.9769	  	 	 	0.9742	  	 	 	0.9711	  	 	 	0.9677	  	 	 	0.9638	  	 	 	0.9595	  	 	 	0.9547	  	 	 	0.9494	  	 	 	0.9436	  	 	 	0.9372	  	 	 	0.9303	  	 	 	0.9227	  	 	 	0.9145	  	 	 	0.9054	  	 	 	0.8956	  	 	 	0.8852	  
	 	 	75	  	 	 	0.9811	  	 	 	0.9788	  	 	 	0.9763	  	 	 	0.9734	  	 	 	0.9701	  	 	 	0.9665	  	 	 	0.9626	  	 	 	0.9580	  	 	 	0.9531	  	 	 	0.9476	  	 	 	0.9416	  	 	 	0.9351	  	 	 	0.9279	  	 	 	0.9200	  	 	 	0.9114	  	 	 	0.9020	  	 	 	0.8920	  
	 	 	76	  	 	 	0.9826	  	 	 	0.9806	  	 	 	0.9782	  	 	 	0.9755	  	 	 	0.9726	  	 	 	0.9691	  	 	 	0.9654	  	 	 	0.9613	  	 	 	0.9566	  	 	 	0.9515	  	 	 	0.9459	  	 	 	0.9397	  	 	 	0.9329	  	 	 	0.9254	  	 	 	0.9172	  	 	 	0.9083	  	 	 	0.8988	  
	 	 	77	  	 	 	0.9841	  	 	 	0.9822	  	 	 	0.9800	  	 	 	0.9776	  	 	 	0.9748	  	 	 	0.9716	  	 	 	0.9682	  	 	 	0.9643	  	 	 	0.9600	  	 	 	0.9552	  	 	 	0.9498	  	 	 	0.9441	  	 	 	0.9377	  	 	 	0.9306	  	 	 	0.9228	  	 	 	0.9143	  	 	 	0.9053	  
	 	 	78	  	 	 	0.9854	  	 	 	0.9837	  	 	 	0.9817	  	 	 	0.9795	  	 	 	0.9769	  	 	 	0.9740	  	 	 	0.9708	  	 	 	0.9672	  	 	 	0.9632	  	 	 	0.9587	  	 	 	0.9537	  	 	 	0.9483	  	 	 	0.9422	  	 	 	0.9356	  	 	 	0.9283	  	 	 	0.9202	  	 	 	0.9116	  
	 	 	79	  	 	 	0.9868	  	 	 	0.9852	  	 	 	0.9833	  	 	 	0.9813	  	 	 	0.9789	  	 	 	0.9762	  	 	 	0.9732	  	 	 	0.9699	  	 	 	0.9662	  	 	 	0.9619	  	 	 	0.9573	  	 	 	0.9522	  	 	 	0.9466	  	 	 	0.9403	  	 	 	0.9335	  	 	 	0.9259	  	 	 	0.9178	  
	 	 	80	  	 	 	0.9880	  	 	 	0.9865	  	 	 	0.9848	  	 	 	0.9829	  	 	 	0.9808	  	 	 	0.9783	  	 	 	0.9755	  	 	 	0.9724	  	 	 	0.9690	  	 	 	0.9650	  	 	 	0.9608	  	 	 	0.9560	  	 	 	0.9508	  	 	 	0.9449	  	 	 	0.9384	  	 	 	0.9313	  	 	 	0.9236	  
	 	 	81	  	 	 	0.9891	  	 	 	0.9877	  	 	 	0.9861	  	 	 	0.9845	  	 	 	0.9824	  	 	 	0.9802	  	 	 	0.9777	  	 	 	0.9748	  	 	 	0.9717	  	 	 	0.9680	  	 	 	0.9640	  	 	 	0.9596	  	 	 	0.9547	  	 	 	0.9493	  	 	 	0.9432	  	 	 	0.9365	  	 	 	0.9292	  
	 	 	82	  	 	 	0.9901	  	 	 	0.9888	  	 	 	0.9875	  	 	 	0.9859	  	 	 	0.9841	  	 	 	0.9819	  	 	 	0.9796	  	 	 	0.9770	  	 	 	0.9741	  	 	 	0.9707	  	 	 	0.9671	  	 	 	0.9629	  	 	 	0.9584	  	 	 	0.9534	  	 	 	0.9477	  	 	 	0.9414	  	 	 	0.9346	  
	 	 	83	  	 	 	0.9910	  	 	 	0.9899	  	 	 	0.9886	  	 	 	0.9872	  	 	 	0.9855	  	 	 	0.9836	  	 	 	0.9816	  	 	 	0.9791	  	 	 	0.9764	  	 	 	0.9733	  	 	 	0.9699	  	 	 	0.9662	  	 	 	0.9619	  	 	 	0.9572	  	 	 	0.9519	  	 	 	0.9460	  	 	 	0.9397	  
	 	 	84	  	 	 	0.9918	  	 	 	0.9908	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9869	  	 	 	0.9851	  	 	 	0.9833	  	 	 	0.9810	  	 	 	0.9786	  	 	 	0.9757	  	 	 	0.9726	  	 	 	0.9691	  	 	 	0.9652	  	 	 	0.9608	  	 	 	0.9560	  	 	 	0.9504	  	 	 	0.9445	  
	 	 	85	  	 	 	0.9927	  	 	 	0.9918	  	 	 	0.9907	  	 	 	0.9895	  	 	 	0.9882	  	 	 	0.9865	  	 	 	0.9848	  	 	 	0.9828	  	 	 	0.9806	  	 	 	0.9779	  	 	 	0.9750	  	 	 	0.9719	  	 	 	0.9683	  	 	 	0.9643	  	 	 	0.9597	  	 	 	0.9547	  	 	 	0.9492	  

  
 59 

 APPENDICES 

Table M-1 
 Consolidated
Edison Retirement Plan 
 Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity Without Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	25	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9814	  	 	 	0.9798	  	 	 	0.9781	  	 	 	0.9762	  	 	 	0.9742	  	 	 	0.9720	  	 	 	0.9697	  	 	 	0.9672	  	 	 	0.9645	  	 	 	0.9616	  	 	 	0.9584	  	 	 	0.9551	  	 	 	0.9515	  
	 	 	26	  	 	 	0.9869	  	 	 	0.9858	  	 	 	0.9846	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9803	  	 	 	0.9786	  	 	 	0.9768	  	 	 	0.9748	  	 	 	0.9726	  	 	 	0.9703	  	 	 	0.9678	  	 	 	0.9652	  	 	 	0.9623	  	 	 	0.9592	  	 	 	0.9558	  	 	 	0.9523	  
	 	 	27	  	 	 	0.9873	  	 	 	0.9862	  	 	 	0.9850	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9773	  	 	 	0.9754	  	 	 	0.9733	  	 	 	0.9710	  	 	 	0.9685	  	 	 	0.9659	  	 	 	0.9630	  	 	 	0.9599	  	 	 	0.9566	  	 	 	0.9531	  
	 	 	28	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9739	  	 	 	0.9716	  	 	 	0.9692	  	 	 	0.9666	  	 	 	0.9638	  	 	 	0.9607	  	 	 	0.9574	  	 	 	0.9539	  
	 	 	29	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9846	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9784	  	 	 	0.9766	  	 	 	0.9745	  	 	 	0.9723	  	 	 	0.9699	  	 	 	0.9673	  	 	 	0.9645	  	 	 	0.9615	  	 	 	0.9583	  	 	 	0.9548	  
	 	 	30	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9752	  	 	 	0.9730	  	 	 	0.9706	  	 	 	0.9681	  	 	 	0.9653	  	 	 	0.9624	  	 	 	0.9592	  	 	 	0.9557	  
	 	 	31	  	 	 	0.9887	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9737	  	 	 	0.9714	  	 	 	0.9689	  	 	 	0.9662	  	 	 	0.9632	  	 	 	0.9601	  	 	 	0.9567	  
	 	 	32	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9784	  	 	 	0.9765	  	 	 	0.9744	  	 	 	0.9721	  	 	 	0.9697	  	 	 	0.9670	  	 	 	0.9641	  	 	 	0.9610	  	 	 	0.9576	  
	 	 	33	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9729	  	 	 	0.9705	  	 	 	0.9678	  	 	 	0.9650	  	 	 	0.9619	  	 	 	0.9586	  
	 	 	34	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9687	  	 	 	0.9659	  	 	 	0.9629	  	 	 	0.9596	  
	 	 	35	  	 	 	0.9901	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9721	  	 	 	0.9696	  	 	 	0.9668	  	 	 	0.9639	  	 	 	0.9606	  
	 	 	36	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9792	  	 	 	0.9773	  	 	 	0.9752	  	 	 	0.9729	  	 	 	0.9705	  	 	 	0.9678	  	 	 	0.9648	  	 	 	0.9617	  
	 	 	37	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9760	  	 	 	0.9738	  	 	 	0.9714	  	 	 	0.9687	  	 	 	0.9659	  	 	 	0.9628	  
	 	 	38	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9669	  	 	 	0.9638	  
	 	 	39	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9755	  	 	 	0.9732	  	 	 	0.9706	  	 	 	0.9679	  	 	 	0.9649	  
	 	 	40	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9802	  	 	 	0.9784	  	 	 	0.9763	  	 	 	0.9741	  	 	 	0.9716	  	 	 	0.9689	  	 	 	0.9660	  
	 	 	41	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9726	  	 	 	0.9700	  	 	 	0.9671	  
	 	 	42	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9759	  	 	 	0.9736	  	 	 	0.9710	  	 	 	0.9683	  
	 	 	43	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9768	  	 	 	0.9745	  	 	 	0.9721	  	 	 	0.9694	  
	 	 	44	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9705	  
	 	 	45	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9765	  	 	 	0.9741	  	 	 	0.9716	  
	 	 	46	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9727	  
	 	 	47	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9762	  	 	 	0.9738	  
	 	 	48	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9749	  
	 	 	49	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9760	  
	 	 	50	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9771	  
	 	 	51	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9801	  	 	 	0.9781	  
	 	 	52	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9791	  
	 	 	53	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9801	  
	 	 	54	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9811	  
	 	 	55	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9821	  

  
 60 

 APPENDICES 
  

 Table M-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity Without Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  
	 	 	57	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9839	  
	 	 	58	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9848	  
	 	 	59	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9857	  
	 	 	60	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9865	  
	 	 	61	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  
	 	 	62	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9881	  
	 	 	63	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9889	  
	 	 	64	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  
	 	 	65	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  
	 	 	66	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9909	  
	 	 	67	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  
	 	 	68	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9922	  
	 	 	69	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  
	 	 	70	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  
	 	 	71	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  
	 	 	72	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  
	 	 	73	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  
	 	 	74	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  
	 	 	75	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9956	  
	 	 	76	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  
	 	 	77	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  
	 	 	78	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  
	 	 	79	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  
	 	 	80	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9972	  
	 	 	81	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  
	 	 	82	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9977	  
	 	 	83	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  
	 	 	84	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  
	 	 	85	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  

  
 61 

 APPENDICES 
  

 Table M-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity Without Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	25	  	 	 	0.9476	  	 	 	0.9435	  	 	 	0.9391	  	 	 	0.9345	  	 	 	0.9296	  	 	 	0.9244	  	 	 	0.9189	  	 	 	0.9131	  	 	 	0.9070	  	 	 	0.9006	  	 	 	0.8938	  	 	 	0.8866	  	 	 	0.8790	  	 	 	0.8710	  	 	 	0.8625	  	 	 	0.8535	  	 	 	0.8440	  
	 	 	26	  	 	 	0.9484	  	 	 	0.9443	  	 	 	0.9400	  	 	 	0.9354	  	 	 	0.9305	  	 	 	0.9253	  	 	 	0.9199	  	 	 	0.9141	  	 	 	0.9080	  	 	 	0.9016	  	 	 	0.8948	  	 	 	0.8876	  	 	 	0.8801	  	 	 	0.8721	  	 	 	0.8636	  	 	 	0.8546	  	 	 	0.8451	  
	 	 	27	  	 	 	0.9493	  	 	 	0.9452	  	 	 	0.9409	  	 	 	0.9363	  	 	 	0.9314	  	 	 	0.9263	  	 	 	0.9209	  	 	 	0.9151	  	 	 	0.9090	  	 	 	0.9026	  	 	 	0.8959	  	 	 	0.8887	  	 	 	0.8812	  	 	 	0.8732	  	 	 	0.8647	  	 	 	0.8558	  	 	 	0.8463	  
	 	 	28	  	 	 	0.9502	  	 	 	0.9461	  	 	 	0.9418	  	 	 	0.9373	  	 	 	0.9324	  	 	 	0.9273	  	 	 	0.9219	  	 	 	0.9162	  	 	 	0.9101	  	 	 	0.9038	  	 	 	0.8970	  	 	 	0.8899	  	 	 	0.8823	  	 	 	0.8744	  	 	 	0.8659	  	 	 	0.8570	  	 	 	0.8475	  
	 	 	29	  	 	 	0.9511	  	 	 	0.9471	  	 	 	0.9428	  	 	 	0.9383	  	 	 	0.9335	  	 	 	0.9284	  	 	 	0.9230	  	 	 	0.9173	  	 	 	0.9113	  	 	 	0.9049	  	 	 	0.8982	  	 	 	0.8911	  	 	 	0.8836	  	 	 	0.8756	  	 	 	0.8672	  	 	 	0.8583	  	 	 	0.8488	  
	 	 	30	  	 	 	0.9520	  	 	 	0.9481	  	 	 	0.9438	  	 	 	0.9393	  	 	 	0.9346	  	 	 	0.9295	  	 	 	0.9241	  	 	 	0.9185	  	 	 	0.9125	  	 	 	0.9062	  	 	 	0.8995	  	 	 	0.8924	  	 	 	0.8849	  	 	 	0.8769	  	 	 	0.8685	  	 	 	0.8596	  	 	 	0.8502	  
	 	 	31	  	 	 	0.9530	  	 	 	0.9491	  	 	 	0.9449	  	 	 	0.9404	  	 	 	0.9357	  	 	 	0.9307	  	 	 	0.9253	  	 	 	0.9197	  	 	 	0.9137	  	 	 	0.9074	  	 	 	0.9008	  	 	 	0.8937	  	 	 	0.8862	  	 	 	0.8783	  	 	 	0.8699	  	 	 	0.8610	  	 	 	0.8516	  
	 	 	32	  	 	 	0.9540	  	 	 	0.9501	  	 	 	0.9460	  	 	 	0.9416	  	 	 	0.9369	  	 	 	0.9319	  	 	 	0.9266	  	 	 	0.9210	  	 	 	0.9151	  	 	 	0.9088	  	 	 	0.9021	  	 	 	0.8951	  	 	 	0.8877	  	 	 	0.8798	  	 	 	0.8714	  	 	 	0.8625	  	 	 	0.8531	  
	 	 	33	  	 	 	0.9550	  	 	 	0.9512	  	 	 	0.9471	  	 	 	0.9427	  	 	 	0.9381	  	 	 	0.9331	  	 	 	0.9279	  	 	 	0.9223	  	 	 	0.9164	  	 	 	0.9102	  	 	 	0.9036	  	 	 	0.8966	  	 	 	0.8892	  	 	 	0.8813	  	 	 	0.8730	  	 	 	0.8641	  	 	 	0.8547	  
	 	 	34	  	 	 	0.9561	  	 	 	0.9523	  	 	 	0.9483	  	 	 	0.9439	  	 	 	0.9393	  	 	 	0.9344	  	 	 	0.9292	  	 	 	0.9237	  	 	 	0.9178	  	 	 	0.9117	  	 	 	0.9051	  	 	 	0.8981	  	 	 	0.8907	  	 	 	0.8829	  	 	 	0.8746	  	 	 	0.8658	  	 	 	0.8564	  
	 	 	35	  	 	 	0.9572	  	 	 	0.9534	  	 	 	0.9494	  	 	 	0.9452	  	 	 	0.9406	  	 	 	0.9357	  	 	 	0.9306	  	 	 	0.9251	  	 	 	0.9193	  	 	 	0.9132	  	 	 	0.9067	  	 	 	0.8997	  	 	 	0.8924	  	 	 	0.8846	  	 	 	0.8763	  	 	 	0.8675	  	 	 	0.8582	  
	 	 	36	  	 	 	0.9583	  	 	 	0.9546	  	 	 	0.9507	  	 	 	0.9464	  	 	 	0.9419	  	 	 	0.9371	  	 	 	0.9320	  	 	 	0.9266	  	 	 	0.9209	  	 	 	0.9148	  	 	 	0.9083	  	 	 	0.9014	  	 	 	0.8941	  	 	 	0.8863	  	 	 	0.8781	  	 	 	0.8693	  	 	 	0.8600	  
	 	 	37	  	 	 	0.9594	  	 	 	0.9558	  	 	 	0.9519	  	 	 	0.9477	  	 	 	0.9433	  	 	 	0.9386	  	 	 	0.9335	  	 	 	0.9281	  	 	 	0.9225	  	 	 	0.9164	  	 	 	0.9100	  	 	 	0.9032	  	 	 	0.8959	  	 	 	0.8882	  	 	 	0.8800	  	 	 	0.8713	  	 	 	0.8620	  
	 	 	38	  	 	 	0.9605	  	 	 	0.9570	  	 	 	0.9532	  	 	 	0.9491	  	 	 	0.9447	  	 	 	0.9400	  	 	 	0.9350	  	 	 	0.9297	  	 	 	0.9241	  	 	 	0.9181	  	 	 	0.9117	  	 	 	0.9050	  	 	 	0.8978	  	 	 	0.8901	  	 	 	0.8819	  	 	 	0.8733	  	 	 	0.8640	  
	 	 	39	  	 	 	0.9617	  	 	 	0.9582	  	 	 	0.9545	  	 	 	0.9504	  	 	 	0.9461	  	 	 	0.9415	  	 	 	0.9366	  	 	 	0.9314	  	 	 	0.9258	  	 	 	0.9199	  	 	 	0.9136	  	 	 	0.9069	  	 	 	0.8997	  	 	 	0.8921	  	 	 	0.8840	  	 	 	0.8754	  	 	 	0.8662	  
	 	 	40	  	 	 	0.9629	  	 	 	0.9595	  	 	 	0.9558	  	 	 	0.9518	  	 	 	0.9476	  	 	 	0.9431	  	 	 	0.9382	  	 	 	0.9330	  	 	 	0.9276	  	 	 	0.9217	  	 	 	0.9155	  	 	 	0.9088	  	 	 	0.9017	  	 	 	0.8942	  	 	 	0.8861	  	 	 	0.8776	  	 	 	0.8684	  
	 	 	41	  	 	 	0.9641	  	 	 	0.9607	  	 	 	0.9571	  	 	 	0.9532	  	 	 	0.9491	  	 	 	0.9446	  	 	 	0.9399	  	 	 	0.9348	  	 	 	0.9294	  	 	 	0.9236	  	 	 	0.9174	  	 	 	0.9108	  	 	 	0.9038	  	 	 	0.8963	  	 	 	0.8883	  	 	 	0.8798	  	 	 	0.8708	  
	 	 	42	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9585	  	 	 	0.9547	  	 	 	0.9506	  	 	 	0.9462	  	 	 	0.9415	  	 	 	0.9365	  	 	 	0.9312	  	 	 	0.9255	  	 	 	0.9194	  	 	 	0.9129	  	 	 	0.9060	  	 	 	0.8986	  	 	 	0.8907	  	 	 	0.8822	  	 	 	0.8732	  
	 	 	43	  	 	 	0.9665	  	 	 	0.9633	  	 	 	0.9598	  	 	 	0.9561	  	 	 	0.9521	  	 	 	0.9478	  	 	 	0.9432	  	 	 	0.9383	  	 	 	0.9331	  	 	 	0.9275	  	 	 	0.9215	  	 	 	0.9151	  	 	 	0.9082	  	 	 	0.9009	  	 	 	0.8930	  	 	 	0.8847	  	 	 	0.8757	  
	 	 	44	  	 	 	0.9677	  	 	 	0.9646	  	 	 	0.9612	  	 	 	0.9576	  	 	 	0.9537	  	 	 	0.9495	  	 	 	0.9450	  	 	 	0.9402	  	 	 	0.9350	  	 	 	0.9295	  	 	 	0.9236	  	 	 	0.9173	  	 	 	0.9105	  	 	 	0.9033	  	 	 	0.8955	  	 	 	0.8872	  	 	 	0.8784	  
	 	 	45	  	 	 	0.9689	  	 	 	0.9658	  	 	 	0.9626	  	 	 	0.9591	  	 	 	0.9552	  	 	 	0.9511	  	 	 	0.9467	  	 	 	0.9420	  	 	 	0.9370	  	 	 	0.9316	  	 	 	0.9257	  	 	 	0.9195	  	 	 	0.9129	  	 	 	0.9057	  	 	 	0.8980	  	 	 	0.8898	  	 	 	0.8811	  
	 	 	46	  	 	 	0.9701	  	 	 	0.9671	  	 	 	0.9640	  	 	 	0.9605	  	 	 	0.9568	  	 	 	0.9528	  	 	 	0.9485	  	 	 	0.9439	  	 	 	0.9390	  	 	 	0.9336	  	 	 	0.9279	  	 	 	0.9218	  	 	 	0.9153	  	 	 	0.9082	  	 	 	0.9007	  	 	 	0.8926	  	 	 	0.8839	  
	 	 	47	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9584	  	 	 	0.9545	  	 	 	0.9503	  	 	 	0.9458	  	 	 	0.9410	  	 	 	0.9358	  	 	 	0.9302	  	 	 	0.9242	  	 	 	0.9177	  	 	 	0.9108	  	 	 	0.9034	  	 	 	0.8954	  	 	 	0.8868	  
	 	 	48	  	 	 	0.9724	  	 	 	0.9697	  	 	 	0.9667	  	 	 	0.9635	  	 	 	0.9600	  	 	 	0.9562	  	 	 	0.9521	  	 	 	0.9477	  	 	 	0.9430	  	 	 	0.9379	  	 	 	0.9325	  	 	 	0.9266	  	 	 	0.9202	  	 	 	0.9134	  	 	 	0.9061	  	 	 	0.8982	  	 	 	0.8898	  
	 	 	49	  	 	 	0.9736	  	 	 	0.9709	  	 	 	0.9681	  	 	 	0.9649	  	 	 	0.9615	  	 	 	0.9579	  	 	 	0.9539	  	 	 	0.9496	  	 	 	0.9450	  	 	 	0.9401	  	 	 	0.9348	  	 	 	0.9290	  	 	 	0.9228	  	 	 	0.9161	  	 	 	0.9089	  	 	 	0.9012	  	 	 	0.8928	  
	 	 	50	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9596	  	 	 	0.9557	  	 	 	0.9516	  	 	 	0.9471	  	 	 	0.9423	  	 	 	0.9371	  	 	 	0.9315	  	 	 	0.9254	  	 	 	0.9188	  	 	 	0.9118	  	 	 	0.9042	  	 	 	0.8959	  
	 	 	51	  	 	 	0.9759	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9647	  	 	 	0.9612	  	 	 	0.9575	  	 	 	0.9535	  	 	 	0.9492	  	 	 	0.9445	  	 	 	0.9394	  	 	 	0.9339	  	 	 	0.9280	  	 	 	0.9216	  	 	 	0.9147	  	 	 	0.9072	  	 	 	0.8991	  
	 	 	52	  	 	 	0.9770	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9662	  	 	 	0.9629	  	 	 	0.9593	  	 	 	0.9554	  	 	 	0.9512	  	 	 	0.9467	  	 	 	0.9418	  	 	 	0.9364	  	 	 	0.9307	  	 	 	0.9244	  	 	 	0.9177	  	 	 	0.9103	  	 	 	0.9024	  
	 	 	53	  	 	 	0.9781	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9677	  	 	 	0.9645	  	 	 	0.9611	  	 	 	0.9573	  	 	 	0.9533	  	 	 	0.9489	  	 	 	0.9441	  	 	 	0.9390	  	 	 	0.9333	  	 	 	0.9273	  	 	 	0.9206	  	 	 	0.9135	  	 	 	0.9057	  
	 	 	54	  	 	 	0.9792	  	 	 	0.9770	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9692	  	 	 	0.9662	  	 	 	0.9629	  	 	 	0.9592	  	 	 	0.9553	  	 	 	0.9511	  	 	 	0.9465	  	 	 	0.9415	  	 	 	0.9360	  	 	 	0.9301	  	 	 	0.9237	  	 	 	0.9167	  	 	 	0.9091	  
	 	 	55	  	 	 	0.9802	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9611	  	 	 	0.9574	  	 	 	0.9533	  	 	 	0.9488	  	 	 	0.9440	  	 	 	0.9387	  	 	 	0.9330	  	 	 	0.9267	  	 	 	0.9199	  	 	 	0.9125	  

  
 62 

 APPENDICES 
  

 Table M-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity Without Popup 
  

																																																																									
	 

	 	 	 	 	Age of Pensioner	 
	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	56	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9771	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9663	  	 	 	0.9630	  	 	 	0.9594	  	 	 	0.9555	  	 	 	0.9512	  	 	 	0.9465	  	 	 	0.9414	  	 	 	0.9359	  	 	 	0.9298	  	 	 	0.9232	  	 	 	0.9160	  
	 	 	57	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9736	  	 	 	0.9709	  	 	 	0.9680	  	 	 	0.9648	  	 	 	0.9614	  	 	 	0.9576	  	 	 	0.9535	  	 	 	0.9490	  	 	 	0.9441	  	 	 	0.9388	  	 	 	0.9329	  	 	 	0.9265	  	 	 	0.9195	  
	 	 	58	  	 	 	0.9832	  	 	 	0.9814	  	 	 	0.9795	  	 	 	0.9774	  	 	 	0.9750	  	 	 	0.9725	  	 	 	0.9697	  	 	 	0.9667	  	 	 	0.9634	  	 	 	0.9597	  	 	 	0.9558	  	 	 	0.9515	  	 	 	0.9468	  	 	 	0.9416	  	 	 	0.9360	  	 	 	0.9298	  	 	 	0.9230	  
	 	 	59	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9806	  	 	 	0.9786	  	 	 	0.9764	  	 	 	0.9740	  	 	 	0.9713	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9618	  	 	 	0.9581	  	 	 	0.9540	  	 	 	0.9494	  	 	 	0.9445	  	 	 	0.9390	  	 	 	0.9331	  	 	 	0.9265	  
	 	 	60	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9672	  	 	 	0.9639	  	 	 	0.9603	  	 	 	0.9564	  	 	 	0.9521	  	 	 	0.9473	  	 	 	0.9421	  	 	 	0.9364	  	 	 	0.9301	  
	 	 	61	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9768	  	 	 	0.9745	  	 	 	0.9719	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9625	  	 	 	0.9588	  	 	 	0.9547	  	 	 	0.9501	  	 	 	0.9451	  	 	 	0.9396	  	 	 	0.9336	  
	 	 	62	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9782	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9679	  	 	 	0.9647	  	 	 	0.9611	  	 	 	0.9572	  	 	 	0.9529	  	 	 	0.9481	  	 	 	0.9428	  	 	 	0.9370	  
	 	 	63	  	 	 	0.9877	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9774	  	 	 	0.9751	  	 	 	0.9726	  	 	 	0.9698	  	 	 	0.9668	  	 	 	0.9634	  	 	 	0.9597	  	 	 	0.9556	  	 	 	0.9510	  	 	 	0.9460	  	 	 	0.9405	  
	 	 	64	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9688	  	 	 	0.9656	  	 	 	0.9621	  	 	 	0.9582	  	 	 	0.9539	  	 	 	0.9491	  	 	 	0.9438	  
	 	 	65	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9645	  	 	 	0.9608	  	 	 	0.9567	  	 	 	0.9522	  	 	 	0.9472	  
	 	 	66	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9752	  	 	 	0.9727	  	 	 	0.9699	  	 	 	0.9668	  	 	 	0.9633	  	 	 	0.9595	  	 	 	0.9552	  	 	 	0.9504	  
	 	 	67	  	 	 	0.9907	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9791	  	 	 	0.9769	  	 	 	0.9745	  	 	 	0.9719	  	 	 	0.9690	  	 	 	0.9657	  	 	 	0.9621	  	 	 	0.9581	  	 	 	0.9536	  
	 	 	68	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9681	  	 	 	0.9647	  	 	 	0.9609	  	 	 	0.9566	  
	 	 	69	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9780	  	 	 	0.9757	  	 	 	0.9731	  	 	 	0.9703	  	 	 	0.9671	  	 	 	0.9635	  	 	 	0.9596	  
	 	 	70	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9774	  	 	 	0.9751	  	 	 	0.9724	  	 	 	0.9695	  	 	 	0.9661	  	 	 	0.9624	  
	 	 	71	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9811	  	 	 	0.9791	  	 	 	0.9769	  	 	 	0.9745	  	 	 	0.9717	  	 	 	0.9686	  	 	 	0.9651	  
	 	 	72	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9787	  	 	 	0.9764	  	 	 	0.9738	  	 	 	0.9710	  	 	 	0.9677	  
	 	 	73	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9759	  	 	 	0.9732	  	 	 	0.9702	  
	 	 	74	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9753	  	 	 	0.9725	  
	 	 	75	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9834	  	 	 	0.9816	  	 	 	0.9796	  	 	 	0.9774	  	 	 	0.9748	  
	 	 	76	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9813	  	 	 	0.9792	  	 	 	0.9769	  
	 	 	77	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9829	  	 	 	0.9810	  	 	 	0.9788	  
	 	 	78	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9807	  
	 	 	79	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9842	  	 	 	0.9824	  
	 	 	80	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9856	  	 	 	0.9839	  
	 	 	81	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9854	  
	 	 	82	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9881	  	 	 	0.9867	  
	 	 	83	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9880	  
	 	 	84	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9891	  
	 	 	85	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9902	  

  
 63 

 APPENDICES 
  

 Table M-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity Without Popup 
  

																																																																									
	 

	 	 	 	 	Age of Pensioner	 
	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.8340	  	 	 	0.8234	  	 	 	0.8123	  	 	 	0.8006	  	 	 	0.7883	  	 	 	0.7755	  	 	 	0.7621	  	 	 	0.7482	  	 	 	0.7338	  	 	 	0.7189	  	 	 	0.7035	  	 	 	0.6877	  	 	 	0.6715	  	 	 	0.6549	  	 	 	0.6378	  	 	 	0.6204	  	 	 	0.6027	  
	 	 	26	  	 	 	0.8351	  	 	 	0.8245	  	 	 	0.8134	  	 	 	0.8017	  	 	 	0.7894	  	 	 	0.7766	  	 	 	0.7632	  	 	 	0.7493	  	 	 	0.7348	  	 	 	0.7199	  	 	 	0.7046	  	 	 	0.6888	  	 	 	0.6726	  	 	 	0.6559	  	 	 	0.6388	  	 	 	0.6214	  	 	 	0.6037	  
	 	 	27	  	 	 	0.8363	  	 	 	0.8257	  	 	 	0.8146	  	 	 	0.8029	  	 	 	0.7906	  	 	 	0.7777	  	 	 	0.7644	  	 	 	0.7504	  	 	 	0.7360	  	 	 	0.7211	  	 	 	0.7057	  	 	 	0.6899	  	 	 	0.6737	  	 	 	0.6570	  	 	 	0.6399	  	 	 	0.6225	  	 	 	0.6048	  
	 	 	28	  	 	 	0.8375	  	 	 	0.8269	  	 	 	0.8158	  	 	 	0.8041	  	 	 	0.7918	  	 	 	0.7790	  	 	 	0.7656	  	 	 	0.7517	  	 	 	0.7372	  	 	 	0.7223	  	 	 	0.7070	  	 	 	0.6911	  	 	 	0.6749	  	 	 	0.6582	  	 	 	0.6411	  	 	 	0.6236	  	 	 	0.6059	  
	 	 	29	  	 	 	0.8388	  	 	 	0.8283	  	 	 	0.8171	  	 	 	0.8054	  	 	 	0.7932	  	 	 	0.7803	  	 	 	0.7669	  	 	 	0.7530	  	 	 	0.7386	  	 	 	0.7236	  	 	 	0.7082	  	 	 	0.6924	  	 	 	0.6761	  	 	 	0.6594	  	 	 	0.6423	  	 	 	0.6249	  	 	 	0.6071	  
	 	 	30	  	 	 	0.8402	  	 	 	0.8296	  	 	 	0.8185	  	 	 	0.8068	  	 	 	0.7946	  	 	 	0.7817	  	 	 	0.7683	  	 	 	0.7544	  	 	 	0.7400	  	 	 	0.7250	  	 	 	0.7096	  	 	 	0.6938	  	 	 	0.6775	  	 	 	0.6608	  	 	 	0.6436	  	 	 	0.6262	  	 	 	0.6084	  
	 	 	31	  	 	 	0.8416	  	 	 	0.8311	  	 	 	0.8200	  	 	 	0.8083	  	 	 	0.7960	  	 	 	0.7832	  	 	 	0.7698	  	 	 	0.7559	  	 	 	0.7414	  	 	 	0.7265	  	 	 	0.7111	  	 	 	0.6952	  	 	 	0.6789	  	 	 	0.6622	  	 	 	0.6451	  	 	 	0.6275	  	 	 	0.6097	  
	 	 	32	  	 	 	0.8432	  	 	 	0.8327	  	 	 	0.8216	  	 	 	0.8099	  	 	 	0.7976	  	 	 	0.7848	  	 	 	0.7714	  	 	 	0.7575	  	 	 	0.7430	  	 	 	0.7281	  	 	 	0.7127	  	 	 	0.6968	  	 	 	0.6805	  	 	 	0.6637	  	 	 	0.6465	  	 	 	0.6290	  	 	 	0.6112	  
	 	 	33	  	 	 	0.8448	  	 	 	0.8343	  	 	 	0.8232	  	 	 	0.8115	  	 	 	0.7993	  	 	 	0.7865	  	 	 	0.7731	  	 	 	0.7591	  	 	 	0.7447	  	 	 	0.7297	  	 	 	0.7143	  	 	 	0.6984	  	 	 	0.6821	  	 	 	0.6653	  	 	 	0.6481	  	 	 	0.6306	  	 	 	0.6127	  
	 	 	34	  	 	 	0.8465	  	 	 	0.8360	  	 	 	0.8249	  	 	 	0.8133	  	 	 	0.8011	  	 	 	0.7882	  	 	 	0.7748	  	 	 	0.7609	  	 	 	0.7465	  	 	 	0.7315	  	 	 	0.7161	  	 	 	0.7002	  	 	 	0.6838	  	 	 	0.6670	  	 	 	0.6498	  	 	 	0.6323	  	 	 	0.6144	  
	 	 	35	  	 	 	0.8483	  	 	 	0.8378	  	 	 	0.8268	  	 	 	0.8151	  	 	 	0.8029	  	 	 	0.7901	  	 	 	0.7767	  	 	 	0.7628	  	 	 	0.7483	  	 	 	0.7334	  	 	 	0.7179	  	 	 	0.7020	  	 	 	0.6857	  	 	 	0.6689	  	 	 	0.6516	  	 	 	0.6340	  	 	 	0.6161	  
	 	 	36	  	 	 	0.8502	  	 	 	0.8397	  	 	 	0.8287	  	 	 	0.8171	  	 	 	0.8049	  	 	 	0.7921	  	 	 	0.7787	  	 	 	0.7648	  	 	 	0.7503	  	 	 	0.7354	  	 	 	0.7199	  	 	 	0.7040	  	 	 	0.6876	  	 	 	0.6708	  	 	 	0.6536	  	 	 	0.6359	  	 	 	0.6180	  
	 	 	37	  	 	 	0.8522	  	 	 	0.8418	  	 	 	0.8308	  	 	 	0.8192	  	 	 	0.8070	  	 	 	0.7942	  	 	 	0.7808	  	 	 	0.7669	  	 	 	0.7524	  	 	 	0.7375	  	 	 	0.7220	  	 	 	0.7061	  	 	 	0.6897	  	 	 	0.6729	  	 	 	0.6556	  	 	 	0.6379	  	 	 	0.6200	  
	 	 	38	  	 	 	0.8543	  	 	 	0.8439	  	 	 	0.8329	  	 	 	0.8213	  	 	 	0.8092	  	 	 	0.7964	  	 	 	0.7830	  	 	 	0.7691	  	 	 	0.7547	  	 	 	0.7397	  	 	 	0.7242	  	 	 	0.7083	  	 	 	0.6919	  	 	 	0.6751	  	 	 	0.6578	  	 	 	0.6401	  	 	 	0.6221	  
	 	 	39	  	 	 	0.8564	  	 	 	0.8461	  	 	 	0.8352	  	 	 	0.8236	  	 	 	0.8115	  	 	 	0.7987	  	 	 	0.7854	  	 	 	0.7715	  	 	 	0.7570	  	 	 	0.7421	  	 	 	0.7266	  	 	 	0.7107	  	 	 	0.6943	  	 	 	0.6774	  	 	 	0.6601	  	 	 	0.6424	  	 	 	0.6243	  
	 	 	40	  	 	 	0.8587	  	 	 	0.8484	  	 	 	0.8375	  	 	 	0.8260	  	 	 	0.8139	  	 	 	0.8012	  	 	 	0.7879	  	 	 	0.7740	  	 	 	0.7595	  	 	 	0.7446	  	 	 	0.7291	  	 	 	0.7132	  	 	 	0.6967	  	 	 	0.6798	  	 	 	0.6625	  	 	 	0.6448	  	 	 	0.6267	  
	 	 	41	  	 	 	0.8611	  	 	 	0.8509	  	 	 	0.8400	  	 	 	0.8285	  	 	 	0.8165	  	 	 	0.8038	  	 	 	0.7905	  	 	 	0.7766	  	 	 	0.7622	  	 	 	0.7472	  	 	 	0.7318	  	 	 	0.7158	  	 	 	0.6994	  	 	 	0.6825	  	 	 	0.6651	  	 	 	0.6474	  	 	 	0.6293	  
	 	 	42	  	 	 	0.8636	  	 	 	0.8534	  	 	 	0.8426	  	 	 	0.8312	  	 	 	0.8191	  	 	 	0.8065	  	 	 	0.7932	  	 	 	0.7794	  	 	 	0.7649	  	 	 	0.7500	  	 	 	0.7345	  	 	 	0.7186	  	 	 	0.7022	  	 	 	0.6852	  	 	 	0.6679	  	 	 	0.6501	  	 	 	0.6320	  
	 	 	43	  	 	 	0.8662	  	 	 	0.8561	  	 	 	0.8453	  	 	 	0.8340	  	 	 	0.8219	  	 	 	0.8093	  	 	 	0.7961	  	 	 	0.7823	  	 	 	0.7679	  	 	 	0.7529	  	 	 	0.7375	  	 	 	0.7215	  	 	 	0.7051	  	 	 	0.6882	  	 	 	0.6708	  	 	 	0.6530	  	 	 	0.6348	  
	 	 	44	  	 	 	0.8689	  	 	 	0.8588	  	 	 	0.8482	  	 	 	0.8368	  	 	 	0.8249	  	 	 	0.8123	  	 	 	0.7991	  	 	 	0.7853	  	 	 	0.7710	  	 	 	0.7560	  	 	 	0.7406	  	 	 	0.7246	  	 	 	0.7082	  	 	 	0.6913	  	 	 	0.6738	  	 	 	0.6560	  	 	 	0.6378	  
	 	 	45	  	 	 	0.8717	  	 	 	0.8617	  	 	 	0.8511	  	 	 	0.8399	  	 	 	0.8280	  	 	 	0.8154	  	 	 	0.8023	  	 	 	0.7885	  	 	 	0.7742	  	 	 	0.7593	  	 	 	0.7439	  	 	 	0.7279	  	 	 	0.7115	  	 	 	0.6945	  	 	 	0.6771	  	 	 	0.6592	  	 	 	0.6410	  
	 	 	46	  	 	 	0.8746	  	 	 	0.8647	  	 	 	0.8542	  	 	 	0.8430	  	 	 	0.8312	  	 	 	0.8187	  	 	 	0.8056	  	 	 	0.7919	  	 	 	0.7776	  	 	 	0.7627	  	 	 	0.7473	  	 	 	0.7314	  	 	 	0.7149	  	 	 	0.6980	  	 	 	0.6805	  	 	 	0.6626	  	 	 	0.6444	  
	 	 	47	  	 	 	0.8776	  	 	 	0.8678	  	 	 	0.8573	  	 	 	0.8462	  	 	 	0.8345	  	 	 	0.8221	  	 	 	0.8090	  	 	 	0.7954	  	 	 	0.7811	  	 	 	0.7663	  	 	 	0.7509	  	 	 	0.7350	  	 	 	0.7185	  	 	 	0.7016	  	 	 	0.6841	  	 	 	0.6662	  	 	 	0.6480	  
	 	 	48	  	 	 	0.8807	  	 	 	0.8710	  	 	 	0.8606	  	 	 	0.8496	  	 	 	0.8379	  	 	 	0.8256	  	 	 	0.8126	  	 	 	0.7990	  	 	 	0.7848	  	 	 	0.7700	  	 	 	0.7547	  	 	 	0.7388	  	 	 	0.7224	  	 	 	0.7054	  	 	 	0.6879	  	 	 	0.6700	  	 	 	0.6517	  
	 	 	49	  	 	 	0.8839	  	 	 	0.8743	  	 	 	0.8640	  	 	 	0.8531	  	 	 	0.8415	  	 	 	0.8293	  	 	 	0.8164	  	 	 	0.8029	  	 	 	0.7887	  	 	 	0.7740	  	 	 	0.7587	  	 	 	0.7428	  	 	 	0.7264	  	 	 	0.7094	  	 	 	0.6919	  	 	 	0.6740	  	 	 	0.6557	  
	 	 	50	  	 	 	0.8871	  	 	 	0.8776	  	 	 	0.8675	  	 	 	0.8567	  	 	 	0.8453	  	 	 	0.8331	  	 	 	0.8203	  	 	 	0.8068	  	 	 	0.7928	  	 	 	0.7781	  	 	 	0.7628	  	 	 	0.7470	  	 	 	0.7306	  	 	 	0.7136	  	 	 	0.6962	  	 	 	0.6782	  	 	 	0.6599	  
	 	 	51	  	 	 	0.8905	  	 	 	0.8811	  	 	 	0.8711	  	 	 	0.8605	  	 	 	0.8491	  	 	 	0.8371	  	 	 	0.8243	  	 	 	0.8110	  	 	 	0.7970	  	 	 	0.7823	  	 	 	0.7671	  	 	 	0.7513	  	 	 	0.7350	  	 	 	0.7181	  	 	 	0.7006	  	 	 	0.6827	  	 	 	0.6643	  
	 	 	52	  	 	 	0.8939	  	 	 	0.8847	  	 	 	0.8748	  	 	 	0.8643	  	 	 	0.8531	  	 	 	0.8411	  	 	 	0.8285	  	 	 	0.8153	  	 	 	0.8014	  	 	 	0.7868	  	 	 	0.7717	  	 	 	0.7559	  	 	 	0.7396	  	 	 	0.7227	  	 	 	0.7053	  	 	 	0.6873	  	 	 	0.6689	  
	 	 	53	  	 	 	0.8974	  	 	 	0.8883	  	 	 	0.8786	  	 	 	0.8682	  	 	 	0.8572	  	 	 	0.8454	  	 	 	0.8329	  	 	 	0.8197	  	 	 	0.8059	  	 	 	0.7915	  	 	 	0.7764	  	 	 	0.7607	  	 	 	0.7445	  	 	 	0.7276	  	 	 	0.7102	  	 	 	0.6922	  	 	 	0.6738	  
	 	 	54	  	 	 	0.9009	  	 	 	0.8921	  	 	 	0.8825	  	 	 	0.8723	  	 	 	0.8614	  	 	 	0.8497	  	 	 	0.8374	  	 	 	0.8244	  	 	 	0.8107	  	 	 	0.7963	  	 	 	0.7813	  	 	 	0.7657	  	 	 	0.7495	  	 	 	0.7327	  	 	 	0.7153	  	 	 	0.6974	  	 	 	0.6790	  
	 	 	55	  	 	 	0.9045	  	 	 	0.8959	  	 	 	0.8865	  	 	 	0.8765	  	 	 	0.8657	  	 	 	0.8542	  	 	 	0.8420	  	 	 	0.8292	  	 	 	0.8156	  	 	 	0.8014	  	 	 	0.7865	  	 	 	0.7710	  	 	 	0.7548	  	 	 	0.7381	  	 	 	0.7207	  	 	 	0.7028	  	 	 	0.6844	  

  
 64 

 APPENDICES 
  

 Table M-1 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity Without Popup 
  

																																																																									
	 

	 	 	 	 	Age of Pensioner	 
	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.9082	  	 	 	0.8997	  	 	 	0.8906	  	 	 	0.8807	  	 	 	0.8701	  	 	 	0.8588	  	 	 	0.8468	  	 	 	0.8341	  	 	 	0.8207	  	 	 	0.8066	  	 	 	0.7918	  	 	 	0.7764	  	 	 	0.7604	  	 	 	0.7437	  	 	 	0.7264	  	 	 	0.7085	  	 	 	0.6902	  
	 	 	57	  	 	 	0.9119	  	 	 	0.9036	  	 	 	0.8947	  	 	 	0.8850	  	 	 	0.8747	  	 	 	0.8636	  	 	 	0.8517	  	 	 	0.8392	  	 	 	0.8260	  	 	 	0.8120	  	 	 	0.7974	  	 	 	0.7821	  	 	 	0.7662	  	 	 	0.7496	  	 	 	0.7324	  	 	 	0.7145	  	 	 	0.6962	  
	 	 	58	  	 	 	0.9156	  	 	 	0.9076	  	 	 	0.8989	  	 	 	0.8894	  	 	 	0.8793	  	 	 	0.8684	  	 	 	0.8568	  	 	 	0.8444	  	 	 	0.8314	  	 	 	0.8176	  	 	 	0.8032	  	 	 	0.7880	  	 	 	0.7722	  	 	 	0.7557	  	 	 	0.7386	  	 	 	0.7208	  	 	 	0.7025	  
	 	 	59	  	 	 	0.9194	  	 	 	0.9116	  	 	 	0.9031	  	 	 	0.8939	  	 	 	0.8840	  	 	 	0.8733	  	 	 	0.8620	  	 	 	0.8498	  	 	 	0.8370	  	 	 	0.8234	  	 	 	0.8091	  	 	 	0.7941	  	 	 	0.7785	  	 	 	0.7621	  	 	 	0.7451	  	 	 	0.7274	  	 	 	0.7092	  
	 	 	60	  	 	 	0.9231	  	 	 	0.9156	  	 	 	0.9074	  	 	 	0.8984	  	 	 	0.8888	  	 	 	0.8784	  	 	 	0.8672	  	 	 	0.8553	  	 	 	0.8427	  	 	 	0.8293	  	 	 	0.8153	  	 	 	0.8005	  	 	 	0.7850	  	 	 	0.7687	  	 	 	0.7518	  	 	 	0.7343	  	 	 	0.7161	  
	 	 	61	  	 	 	0.9269	  	 	 	0.9196	  	 	 	0.9116	  	 	 	0.9030	  	 	 	0.8936	  	 	 	0.8834	  	 	 	0.8726	  	 	 	0.8609	  	 	 	0.8485	  	 	 	0.8354	  	 	 	0.8216	  	 	 	0.8070	  	 	 	0.7917	  	 	 	0.7756	  	 	 	0.7589	  	 	 	0.7414	  	 	 	0.7234	  
	 	 	62	  	 	 	0.9306	  	 	 	0.9236	  	 	 	0.9159	  	 	 	0.9075	  	 	 	0.8984	  	 	 	0.8886	  	 	 	0.8780	  	 	 	0.8666	  	 	 	0.8545	  	 	 	0.8416	  	 	 	0.8280	  	 	 	0.8137	  	 	 	0.7986	  	 	 	0.7827	  	 	 	0.7661	  	 	 	0.7488	  	 	 	0.7309	  
	 	 	63	  	 	 	0.9343	  	 	 	0.9276	  	 	 	0.9202	  	 	 	0.9121	  	 	 	0.9033	  	 	 	0.8937	  	 	 	0.8834	  	 	 	0.8724	  	 	 	0.8605	  	 	 	0.8480	  	 	 	0.8346	  	 	 	0.8205	  	 	 	0.8057	  	 	 	0.7900	  	 	 	0.7736	  	 	 	0.7565	  	 	 	0.7388	  
	 	 	64	  	 	 	0.9380	  	 	 	0.9315	  	 	 	0.9244	  	 	 	0.9166	  	 	 	0.9081	  	 	 	0.8989	  	 	 	0.8889	  	 	 	0.8782	  	 	 	0.8667	  	 	 	0.8544	  	 	 	0.8413	  	 	 	0.8275	  	 	 	0.8129	  	 	 	0.7975	  	 	 	0.7814	  	 	 	0.7645	  	 	 	0.7469	  
	 	 	65	  	 	 	0.9416	  	 	 	0.9354	  	 	 	0.9286	  	 	 	0.9211	  	 	 	0.9130	  	 	 	0.9041	  	 	 	0.8944	  	 	 	0.8840	  	 	 	0.8728	  	 	 	0.8609	  	 	 	0.8481	  	 	 	0.8346	  	 	 	0.8203	  	 	 	0.8052	  	 	 	0.7893	  	 	 	0.7726	  	 	 	0.7552	  
	 	 	66	  	 	 	0.9451	  	 	 	0.9392	  	 	 	0.9327	  	 	 	0.9256	  	 	 	0.9177	  	 	 	0.9092	  	 	 	0.8999	  	 	 	0.8898	  	 	 	0.8790	  	 	 	0.8674	  	 	 	0.8550	  	 	 	0.8418	  	 	 	0.8278	  	 	 	0.8130	  	 	 	0.7974	  	 	 	0.7809	  	 	 	0.7638	  
	 	 	67	  	 	 	0.9485	  	 	 	0.9429	  	 	 	0.9368	  	 	 	0.9299	  	 	 	0.9224	  	 	 	0.9142	  	 	 	0.9053	  	 	 	0.8956	  	 	 	0.8851	  	 	 	0.8739	  	 	 	0.8619	  	 	 	0.8491	  	 	 	0.8354	  	 	 	0.8209	  	 	 	0.8056	  	 	 	0.7895	  	 	 	0.7726	  
	 	 	68	  	 	 	0.9519	  	 	 	0.9466	  	 	 	0.9407	  	 	 	0.9342	  	 	 	0.9271	  	 	 	0.9192	  	 	 	0.9107	  	 	 	0.9013	  	 	 	0.8913	  	 	 	0.8804	  	 	 	0.8688	  	 	 	0.8563	  	 	 	0.8431	  	 	 	0.8289	  	 	 	0.8139	  	 	 	0.7981	  	 	 	0.7815	  
	 	 	69	  	 	 	0.9551	  	 	 	0.9501	  	 	 	0.9446	  	 	 	0.9384	  	 	 	0.9316	  	 	 	0.9241	  	 	 	0.9159	  	 	 	0.9070	  	 	 	0.8973	  	 	 	0.8869	  	 	 	0.8756	  	 	 	0.8636	  	 	 	0.8507	  	 	 	0.8370	  	 	 	0.8223	  	 	 	0.8069	  	 	 	0.7906	  
	 	 	70	  	 	 	0.9582	  	 	 	0.9535	  	 	 	0.9483	  	 	 	0.9425	  	 	 	0.9360	  	 	 	0.9289	  	 	 	0.9211	  	 	 	0.9126	  	 	 	0.9033	  	 	 	0.8933	  	 	 	0.8825	  	 	 	0.8708	  	 	 	0.8584	  	 	 	0.8450	  	 	 	0.8308	  	 	 	0.8157	  	 	 	0.7998	  
	 	 	71	  	 	 	0.9612	  	 	 	0.9568	  	 	 	0.9519	  	 	 	0.9464	  	 	 	0.9403	  	 	 	0.9336	  	 	 	0.9261	  	 	 	0.9180	  	 	 	0.9092	  	 	 	0.8996	  	 	 	0.8892	  	 	 	0.8780	  	 	 	0.8660	  	 	 	0.8531	  	 	 	0.8393	  	 	 	0.8246	  	 	 	0.8091	  
	 	 	72	  	 	 	0.9641	  	 	 	0.9599	  	 	 	0.9553	  	 	 	0.9502	  	 	 	0.9444	  	 	 	0.9381	  	 	 	0.9311	  	 	 	0.9234	  	 	 	0.9149	  	 	 	0.9058	  	 	 	0.8959	  	 	 	0.8851	  	 	 	0.8736	  	 	 	0.8611	  	 	 	0.8478	  	 	 	0.8335	  	 	 	0.8184	  
	 	 	73	  	 	 	0.9668	  	 	 	0.9630	  	 	 	0.9586	  	 	 	0.9538	  	 	 	0.9484	  	 	 	0.9424	  	 	 	0.9358	  	 	 	0.9285	  	 	 	0.9205	  	 	 	0.9118	  	 	 	0.9024	  	 	 	0.8921	  	 	 	0.8810	  	 	 	0.8691	  	 	 	0.8562	  	 	 	0.8424	  	 	 	0.8277	  
	 	 	74	  	 	 	0.9694	  	 	 	0.9658	  	 	 	0.9618	  	 	 	0.9573	  	 	 	0.9523	  	 	 	0.9466	  	 	 	0.9404	  	 	 	0.9335	  	 	 	0.9260	  	 	 	0.9177	  	 	 	0.9087	  	 	 	0.8990	  	 	 	0.8884	  	 	 	0.8769	  	 	 	0.8645	  	 	 	0.8512	  	 	 	0.8370	  
	 	 	75	  	 	 	0.9719	  	 	 	0.9685	  	 	 	0.9648	  	 	 	0.9606	  	 	 	0.9559	  	 	 	0.9507	  	 	 	0.9448	  	 	 	0.9384	  	 	 	0.9312	  	 	 	0.9234	  	 	 	0.9149	  	 	 	0.9056	  	 	 	0.8955	  	 	 	0.8846	  	 	 	0.8727	  	 	 	0.8600	  	 	 	0.8463	  
	 	 	76	  	 	 	0.9742	  	 	 	0.9711	  	 	 	0.9677	  	 	 	0.9638	  	 	 	0.9594	  	 	 	0.9545	  	 	 	0.9490	  	 	 	0.9430	  	 	 	0.9363	  	 	 	0.9289	  	 	 	0.9209	  	 	 	0.9121	  	 	 	0.9025	  	 	 	0.8921	  	 	 	0.8808	  	 	 	0.8685	  	 	 	0.8554	  
	 	 	77	  	 	 	0.9764	  	 	 	0.9735	  	 	 	0.9703	  	 	 	0.9667	  	 	 	0.9627	  	 	 	0.9581	  	 	 	0.9530	  	 	 	0.9474	  	 	 	0.9411	  	 	 	0.9342	  	 	 	0.9266	  	 	 	0.9184	  	 	 	0.9093	  	 	 	0.8994	  	 	 	0.8886	  	 	 	0.8769	  	 	 	0.8643	  
	 	 	78	  	 	 	0.9784	  	 	 	0.9758	  	 	 	0.9729	  	 	 	0.9695	  	 	 	0.9658	  	 	 	0.9615	  	 	 	0.9568	  	 	 	0.9515	  	 	 	0.9457	  	 	 	0.9392	  	 	 	0.9321	  	 	 	0.9243	  	 	 	0.9158	  	 	 	0.9064	  	 	 	0.8962	  	 	 	0.8850	  	 	 	0.8730	  
	 	 	79	  	 	 	0.9803	  	 	 	0.9779	  	 	 	0.9752	  	 	 	0.9721	  	 	 	0.9687	  	 	 	0.9648	  	 	 	0.9604	  	 	 	0.9555	  	 	 	0.9500	  	 	 	0.9440	  	 	 	0.9374	  	 	 	0.9300	  	 	 	0.9220	  	 	 	0.9131	  	 	 	0.9035	  	 	 	0.8929	  	 	 	0.8814	  
	 	 	80	  	 	 	0.9820	  	 	 	0.9799	  	 	 	0.9774	  	 	 	0.9746	  	 	 	0.9714	  	 	 	0.9678	  	 	 	0.9637	  	 	 	0.9592	  	 	 	0.9541	  	 	 	0.9485	  	 	 	0.9423	  	 	 	0.9355	  	 	 	0.9279	  	 	 	0.9196	  	 	 	0.9105	  	 	 	0.9004	  	 	 	0.8896	  
	 	 	81	  	 	 	0.9837	  	 	 	0.9817	  	 	 	0.9794	  	 	 	0.9768	  	 	 	0.9739	  	 	 	0.9706	  	 	 	0.9669	  	 	 	0.9627	  	 	 	0.9580	  	 	 	0.9528	  	 	 	0.9470	  	 	 	0.9406	  	 	 	0.9336	  	 	 	0.9257	  	 	 	0.9171	  	 	 	0.9077	  	 	 	0.8974	  
	 	 	82	  	 	 	0.9852	  	 	 	0.9834	  	 	 	0.9813	  	 	 	0.9789	  	 	 	0.9763	  	 	 	0.9732	  	 	 	0.9698	  	 	 	0.9659	  	 	 	0.9616	  	 	 	0.9568	  	 	 	0.9514	  	 	 	0.9455	  	 	 	0.9389	  	 	 	0.9316	  	 	 	0.9235	  	 	 	0.9146	  	 	 	0.9049	  
	 	 	83	  	 	 	0.9866	  	 	 	0.9849	  	 	 	0.9830	  	 	 	0.9809	  	 	 	0.9784	  	 	 	0.9756	  	 	 	0.9725	  	 	 	0.9689	  	 	 	0.9650	  	 	 	0.9605	  	 	 	0.9556	  	 	 	0.9500	  	 	 	0.9439	  	 	 	0.9371	  	 	 	0.9296	  	 	 	0.9213	  	 	 	0.9121	  
	 	 	84	  	 	 	0.9878	  	 	 	0.9864	  	 	 	0.9847	  	 	 	0.9827	  	 	 	0.9805	  	 	 	0.9779	  	 	 	0.9750	  	 	 	0.9718	  	 	 	0.9681	  	 	 	0.9640	  	 	 	0.9594	  	 	 	0.9544	  	 	 	0.9487	  	 	 	0.9424	  	 	 	0.9353	  	 	 	0.9276	  	 	 	0.9190	  
	 	 	85	  	 	 	0.9890	  	 	 	0.9877	  	 	 	0.9861	  	 	 	0.9844	  	 	 	0.9823	  	 	 	0.9800	  	 	 	0.9774	  	 	 	0.9744	  	 	 	0.9710	  	 	 	0.9673	  	 	 	0.9631	  	 	 	0.9584	  	 	 	0.9532	  	 	 	0.9473	  	 	 	0.9408	  	 	 	0.9335	  	 	 	0.9255	  

  
 65 

 APPENDICES 

Table M-2 
 Consolidated
Edison Retirement Plan 
 Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity With Popup 
  

																																																																									
	 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	25	  	 	 	0.9863	  	 	 	0.9852	  	 	 	0.9839	  	 	 	0.9826	  	 	 	0.9811	  	 	 	0.9795	  	 	 	0.9777	  	 	 	0.9759	  	 	 	0.9738	  	 	 	0.9717	  	 	 	0.9693	  	 	 	0.9668	  	 	 	0.9640	  	 	 	0.9611	  	 	 	0.9579	  	 	 	0.9546	  	 	 	0.9509	  
	 	 	26	  	 	 	0.9867	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9830	  	 	 	0.9815	  	 	 	0.9799	  	 	 	0.9782	  	 	 	0.9764	  	 	 	0.9744	  	 	 	0.9722	  	 	 	0.9699	  	 	 	0.9674	  	 	 	0.9647	  	 	 	0.9618	  	 	 	0.9587	  	 	 	0.9553	  	 	 	0.9517	  
	 	 	27	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9834	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9787	  	 	 	0.9769	  	 	 	0.9749	  	 	 	0.9728	  	 	 	0.9705	  	 	 	0.9680	  	 	 	0.9654	  	 	 	0.9625	  	 	 	0.9594	  	 	 	0.9560	  	 	 	0.9525	  
	 	 	28	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9809	  	 	 	0.9792	  	 	 	0.9775	  	 	 	0.9755	  	 	 	0.9734	  	 	 	0.9711	  	 	 	0.9687	  	 	 	0.9661	  	 	 	0.9632	  	 	 	0.9601	  	 	 	0.9568	  	 	 	0.9533	  
	 	 	29	  	 	 	0.9877	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9829	  	 	 	0.9814	  	 	 	0.9798	  	 	 	0.9780	  	 	 	0.9761	  	 	 	0.9740	  	 	 	0.9718	  	 	 	0.9694	  	 	 	0.9668	  	 	 	0.9639	  	 	 	0.9609	  	 	 	0.9576	  	 	 	0.9541	  
	 	 	30	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9819	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9767	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9701	  	 	 	0.9675	  	 	 	0.9647	  	 	 	0.9617	  	 	 	0.9585	  	 	 	0.9550	  
	 	 	31	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9773	  	 	 	0.9753	  	 	 	0.9731	  	 	 	0.9708	  	 	 	0.9682	  	 	 	0.9655	  	 	 	0.9625	  	 	 	0.9593	  	 	 	0.9559	  
	 	 	32	  	 	 	0.9887	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9738	  	 	 	0.9715	  	 	 	0.9690	  	 	 	0.9663	  	 	 	0.9633	  	 	 	0.9602	  	 	 	0.9568	  
	 	 	33	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9785	  	 	 	0.9765	  	 	 	0.9744	  	 	 	0.9722	  	 	 	0.9697	  	 	 	0.9671	  	 	 	0.9642	  	 	 	0.9611	  	 	 	0.9577	  
	 	 	34	  	 	 	0.9894	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9729	  	 	 	0.9705	  	 	 	0.9679	  	 	 	0.9650	  	 	 	0.9620	  	 	 	0.9586	  
	 	 	35	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9736	  	 	 	0.9713	  	 	 	0.9687	  	 	 	0.9659	  	 	 	0.9629	  	 	 	0.9596	  
	 	 	36	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9819	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9765	  	 	 	0.9744	  	 	 	0.9720	  	 	 	0.9695	  	 	 	0.9668	  	 	 	0.9638	  	 	 	0.9606	  
	 	 	37	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9728	  	 	 	0.9704	  	 	 	0.9677	  	 	 	0.9647	  	 	 	0.9616	  
	 	 	38	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9758	  	 	 	0.9736	  	 	 	0.9712	  	 	 	0.9686	  	 	 	0.9657	  	 	 	0.9626	  
	 	 	39	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9720	  	 	 	0.9695	  	 	 	0.9666	  	 	 	0.9636	  
	 	 	40	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9792	  	 	 	0.9773	  	 	 	0.9752	  	 	 	0.9729	  	 	 	0.9704	  	 	 	0.9676	  	 	 	0.9646	  
	 	 	41	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9760	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9686	  	 	 	0.9656	  
	 	 	42	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9695	  	 	 	0.9667	  
	 	 	43	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9775	  	 	 	0.9754	  	 	 	0.9730	  	 	 	0.9705	  	 	 	0.9677	  
	 	 	44	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9802	  	 	 	0.9783	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9687	  
	 	 	45	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9724	  	 	 	0.9697	  
	 	 	46	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9733	  	 	 	0.9708	  
	 	 	47	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9765	  	 	 	0.9743	  	 	 	0.9718	  
	 	 	48	  	 	 	0.9934	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9728	  
	 	 	49	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9737	  
	 	 	50	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9747	  
	 	 	51	  	 	 	0.9941	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9757	  
	 	 	52	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9766	  
	 	 	53	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9775	  
	 	 	54	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9784	  
	 	 	55	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9793	  

  
 66 

 APPENDICES 
  

 Table M-2 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity With Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9801	  
	 	 	57	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9810	  
	 	 	58	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  
	 	 	59	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9826	  
	 	 	60	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  
	 	 	61	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9841	  
	 	 	62	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9848	  
	 	 	63	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9855	  
	 	 	64	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9862	  
	 	 	65	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9868	  
	 	 	66	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9875	  
	 	 	67	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  
	 	 	68	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9887	  
	 	 	69	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  
	 	 	70	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  
	 	 	71	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  
	 	 	72	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9908	  
	 	 	73	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  
	 	 	74	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  
	 	 	75	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  
	 	 	76	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  
	 	 	77	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  
	 	 	78	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  
	 	 	79	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  
	 	 	80	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  
	 	 	81	  	 	 	0.9984	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9944	  
	 	 	82	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  
	 	 	83	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9950	  
	 	 	84	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  
	 	 	85	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  

  
 67 

 APPENDICES 
  

 Table M-2 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity With Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	25	  	 	 	0.9471	  	 	 	0.9429	  	 	 	0.9386	  	 	 	0.9339	  	 	 	0.9290	  	 	 	0.9237	  	 	 	0.9182	  	 	 	0.9124	  	 	 	0.9063	  	 	 	0.8999	  	 	 	0.8931	  	 	 	0.8859	  	 	 	0.8783	  	 	 	0.8702	  	 	 	0.8617	  	 	 	0.8528	  	 	 	0.8433	  
	 	 	26	  	 	 	0.9478	  	 	 	0.9437	  	 	 	0.9394	  	 	 	0.9347	  	 	 	0.9298	  	 	 	0.9246	  	 	 	0.9191	  	 	 	0.9134	  	 	 	0.9073	  	 	 	0.9008	  	 	 	0.8940	  	 	 	0.8869	  	 	 	0.8793	  	 	 	0.8712	  	 	 	0.8628	  	 	 	0.8538	  	 	 	0.8443	  
	 	 	27	  	 	 	0.9487	  	 	 	0.9446	  	 	 	0.9402	  	 	 	0.9356	  	 	 	0.9307	  	 	 	0.9256	  	 	 	0.9201	  	 	 	0.9143	  	 	 	0.9082	  	 	 	0.9018	  	 	 	0.8951	  	 	 	0.8879	  	 	 	0.8803	  	 	 	0.8723	  	 	 	0.8638	  	 	 	0.8549	  	 	 	0.8454	  
	 	 	28	  	 	 	0.9495	  	 	 	0.9454	  	 	 	0.9411	  	 	 	0.9365	  	 	 	0.9317	  	 	 	0.9265	  	 	 	0.9211	  	 	 	0.9153	  	 	 	0.9093	  	 	 	0.9029	  	 	 	0.8961	  	 	 	0.8890	  	 	 	0.8814	  	 	 	0.8734	  	 	 	0.8650	  	 	 	0.8560	  	 	 	0.8465	  
	 	 	29	  	 	 	0.9504	  	 	 	0.9463	  	 	 	0.9421	  	 	 	0.9375	  	 	 	0.9327	  	 	 	0.9275	  	 	 	0.9221	  	 	 	0.9164	  	 	 	0.9104	  	 	 	0.9040	  	 	 	0.8972	  	 	 	0.8901	  	 	 	0.8826	  	 	 	0.8746	  	 	 	0.8662	  	 	 	0.8572	  	 	 	0.8478	  
	 	 	30	  	 	 	0.9513	  	 	 	0.9473	  	 	 	0.9430	  	 	 	0.9385	  	 	 	0.9337	  	 	 	0.9286	  	 	 	0.9232	  	 	 	0.9175	  	 	 	0.9115	  	 	 	0.9051	  	 	 	0.8984	  	 	 	0.8913	  	 	 	0.8838	  	 	 	0.8758	  	 	 	0.8674	  	 	 	0.8585	  	 	 	0.8490	  
	 	 	31	  	 	 	0.9522	  	 	 	0.9482	  	 	 	0.9440	  	 	 	0.9395	  	 	 	0.9347	  	 	 	0.9297	  	 	 	0.9243	  	 	 	0.9187	  	 	 	0.9127	  	 	 	0.9063	  	 	 	0.8997	  	 	 	0.8926	  	 	 	0.8851	  	 	 	0.8771	  	 	 	0.8687	  	 	 	0.8598	  	 	 	0.8504	  
	 	 	32	  	 	 	0.9531	  	 	 	0.9492	  	 	 	0.9450	  	 	 	0.9406	  	 	 	0.9358	  	 	 	0.9308	  	 	 	0.9255	  	 	 	0.9199	  	 	 	0.9139	  	 	 	0.9076	  	 	 	0.9009	  	 	 	0.8939	  	 	 	0.8864	  	 	 	0.8785	  	 	 	0.8701	  	 	 	0.8612	  	 	 	0.8518	  
	 	 	33	  	 	 	0.9541	  	 	 	0.9502	  	 	 	0.9461	  	 	 	0.9417	  	 	 	0.9370	  	 	 	0.9320	  	 	 	0.9267	  	 	 	0.9211	  	 	 	0.9152	  	 	 	0.9089	  	 	 	0.9023	  	 	 	0.8953	  	 	 	0.8878	  	 	 	0.8799	  	 	 	0.8716	  	 	 	0.8627	  	 	 	0.8533	  
	 	 	34	  	 	 	0.9551	  	 	 	0.9512	  	 	 	0.9472	  	 	 	0.9428	  	 	 	0.9381	  	 	 	0.9332	  	 	 	0.9279	  	 	 	0.9224	  	 	 	0.9165	  	 	 	0.9103	  	 	 	0.9037	  	 	 	0.8967	  	 	 	0.8893	  	 	 	0.8814	  	 	 	0.8731	  	 	 	0.8642	  	 	 	0.8549	  
	 	 	35	  	 	 	0.9561	  	 	 	0.9523	  	 	 	0.9483	  	 	 	0.9439	  	 	 	0.9393	  	 	 	0.9344	  	 	 	0.9292	  	 	 	0.9237	  	 	 	0.9179	  	 	 	0.9117	  	 	 	0.9051	  	 	 	0.8982	  	 	 	0.8908	  	 	 	0.8830	  	 	 	0.8747	  	 	 	0.8658	  	 	 	0.8565	  
	 	 	36	  	 	 	0.9571	  	 	 	0.9534	  	 	 	0.9494	  	 	 	0.9451	  	 	 	0.9406	  	 	 	0.9357	  	 	 	0.9306	  	 	 	0.9251	  	 	 	0.9193	  	 	 	0.9132	  	 	 	0.9066	  	 	 	0.8997	  	 	 	0.8924	  	 	 	0.8846	  	 	 	0.8763	  	 	 	0.8675	  	 	 	0.8582	  
	 	 	37	  	 	 	0.9582	  	 	 	0.9545	  	 	 	0.9505	  	 	 	0.9463	  	 	 	0.9418	  	 	 	0.9370	  	 	 	0.9319	  	 	 	0.9265	  	 	 	0.9208	  	 	 	0.9147	  	 	 	0.9082	  	 	 	0.9013	  	 	 	0.8940	  	 	 	0.8863	  	 	 	0.8780	  	 	 	0.8693	  	 	 	0.8600	  
	 	 	38	  	 	 	0.9592	  	 	 	0.9556	  	 	 	0.9517	  	 	 	0.9476	  	 	 	0.9431	  	 	 	0.9384	  	 	 	0.9333	  	 	 	0.9280	  	 	 	0.9223	  	 	 	0.9162	  	 	 	0.9098	  	 	 	0.9030	  	 	 	0.8958	  	 	 	0.8880	  	 	 	0.8798	  	 	 	0.8711	  	 	 	0.8619	  
	 	 	39	  	 	 	0.9603	  	 	 	0.9567	  	 	 	0.9529	  	 	 	0.9488	  	 	 	0.9444	  	 	 	0.9398	  	 	 	0.9348	  	 	 	0.9295	  	 	 	0.9238	  	 	 	0.9179	  	 	 	0.9115	  	 	 	0.9047	  	 	 	0.8975	  	 	 	0.8899	  	 	 	0.8817	  	 	 	0.8731	  	 	 	0.8638	  
	 	 	40	  	 	 	0.9614	  	 	 	0.9579	  	 	 	0.9541	  	 	 	0.9501	  	 	 	0.9458	  	 	 	0.9412	  	 	 	0.9362	  	 	 	0.9310	  	 	 	0.9254	  	 	 	0.9195	  	 	 	0.9132	  	 	 	0.9065	  	 	 	0.8994	  	 	 	0.8918	  	 	 	0.8837	  	 	 	0.8750	  	 	 	0.8659	  
	 	 	41	  	 	 	0.9625	  	 	 	0.9591	  	 	 	0.9554	  	 	 	0.9514	  	 	 	0.9471	  	 	 	0.9426	  	 	 	0.9377	  	 	 	0.9326	  	 	 	0.9271	  	 	 	0.9212	  	 	 	0.9150	  	 	 	0.9083	  	 	 	0.9013	  	 	 	0.8937	  	 	 	0.8857	  	 	 	0.8771	  	 	 	0.8680	  
	 	 	42	  	 	 	0.9636	  	 	 	0.9602	  	 	 	0.9566	  	 	 	0.9527	  	 	 	0.9485	  	 	 	0.9441	  	 	 	0.9393	  	 	 	0.9342	  	 	 	0.9288	  	 	 	0.9230	  	 	 	0.9168	  	 	 	0.9102	  	 	 	0.9032	  	 	 	0.8957	  	 	 	0.8878	  	 	 	0.8793	  	 	 	0.8702	  
	 	 	43	  	 	 	0.9647	  	 	 	0.9614	  	 	 	0.9578	  	 	 	0.9540	  	 	 	0.9499	  	 	 	0.9455	  	 	 	0.9408	  	 	 	0.9358	  	 	 	0.9305	  	 	 	0.9248	  	 	 	0.9187	  	 	 	0.9122	  	 	 	0.9052	  	 	 	0.8978	  	 	 	0.8899	  	 	 	0.8815	  	 	 	0.8725	  
	 	 	44	  	 	 	0.9658	  	 	 	0.9626	  	 	 	0.9591	  	 	 	0.9554	  	 	 	0.9513	  	 	 	0.9470	  	 	 	0.9424	  	 	 	0.9375	  	 	 	0.9322	  	 	 	0.9266	  	 	 	0.9206	  	 	 	0.9142	  	 	 	0.9073	  	 	 	0.9000	  	 	 	0.8921	  	 	 	0.8838	  	 	 	0.8748	  
	 	 	45	  	 	 	0.9669	  	 	 	0.9637	  	 	 	0.9603	  	 	 	0.9567	  	 	 	0.9528	  	 	 	0.9485	  	 	 	0.9440	  	 	 	0.9392	  	 	 	0.9340	  	 	 	0.9284	  	 	 	0.9225	  	 	 	0.9162	  	 	 	0.9094	  	 	 	0.9022	  	 	 	0.8944	  	 	 	0.8861	  	 	 	0.8773	  
	 	 	46	  	 	 	0.9680	  	 	 	0.9649	  	 	 	0.9616	  	 	 	0.9580	  	 	 	0.9542	  	 	 	0.9500	  	 	 	0.9456	  	 	 	0.9409	  	 	 	0.9358	  	 	 	0.9303	  	 	 	0.9245	  	 	 	0.9183	  	 	 	0.9116	  	 	 	0.9044	  	 	 	0.8967	  	 	 	0.8885	  	 	 	0.8798	  
	 	 	47	  	 	 	0.9690	  	 	 	0.9661	  	 	 	0.9628	  	 	 	0.9594	  	 	 	0.9556	  	 	 	0.9516	  	 	 	0.9472	  	 	 	0.9426	  	 	 	0.9376	  	 	 	0.9322	  	 	 	0.9265	  	 	 	0.9204	  	 	 	0.9138	  	 	 	0.9067	  	 	 	0.8991	  	 	 	0.8910	  	 	 	0.8823	  
	 	 	48	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9641	  	 	 	0.9607	  	 	 	0.9570	  	 	 	0.9531	  	 	 	0.9488	  	 	 	0.9443	  	 	 	0.9394	  	 	 	0.9342	  	 	 	0.9285	  	 	 	0.9225	  	 	 	0.9160	  	 	 	0.9091	  	 	 	0.9016	  	 	 	0.8936	  	 	 	0.8850	  
	 	 	49	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9584	  	 	 	0.9546	  	 	 	0.9505	  	 	 	0.9460	  	 	 	0.9412	  	 	 	0.9361	  	 	 	0.9306	  	 	 	0.9247	  	 	 	0.9183	  	 	 	0.9115	  	 	 	0.9041	  	 	 	0.8962	  	 	 	0.8877	  
	 	 	50	  	 	 	0.9722	  	 	 	0.9695	  	 	 	0.9665	  	 	 	0.9633	  	 	 	0.9599	  	 	 	0.9561	  	 	 	0.9521	  	 	 	0.9478	  	 	 	0.9431	  	 	 	0.9381	  	 	 	0.9327	  	 	 	0.9269	  	 	 	0.9206	  	 	 	0.9139	  	 	 	0.9066	  	 	 	0.8988	  	 	 	0.8905	  
	 	 	51	  	 	 	0.9733	  	 	 	0.9706	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9613	  	 	 	0.9576	  	 	 	0.9537	  	 	 	0.9495	  	 	 	0.9449	  	 	 	0.9400	  	 	 	0.9348	  	 	 	0.9291	  	 	 	0.9230	  	 	 	0.9163	  	 	 	0.9092	  	 	 	0.9016	  	 	 	0.8933	  
	 	 	52	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9627	  	 	 	0.9591	  	 	 	0.9553	  	 	 	0.9512	  	 	 	0.9468	  	 	 	0.9420	  	 	 	0.9369	  	 	 	0.9313	  	 	 	0.9253	  	 	 	0.9188	  	 	 	0.9118	  	 	 	0.9043	  	 	 	0.8962	  
	 	 	53	  	 	 	0.9753	  	 	 	0.9728	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9640	  	 	 	0.9606	  	 	 	0.9569	  	 	 	0.9529	  	 	 	0.9486	  	 	 	0.9440	  	 	 	0.9390	  	 	 	0.9335	  	 	 	0.9277	  	 	 	0.9213	  	 	 	0.9145	  	 	 	0.9071	  	 	 	0.8991	  
	 	 	54	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9713	  	 	 	0.9685	  	 	 	0.9654	  	 	 	0.9621	  	 	 	0.9585	  	 	 	0.9546	  	 	 	0.9505	  	 	 	0.9459	  	 	 	0.9411	  	 	 	0.9358	  	 	 	0.9301	  	 	 	0.9239	  	 	 	0.9172	  	 	 	0.9099	  	 	 	0.9021	  
	 	 	55	  	 	 	0.9772	  	 	 	0.9749	  	 	 	0.9724	  	 	 	0.9697	  	 	 	0.9667	  	 	 	0.9635	  	 	 	0.9601	  	 	 	0.9563	  	 	 	0.9523	  	 	 	0.9479	  	 	 	0.9432	  	 	 	0.9380	  	 	 	0.9324	  	 	 	0.9264	  	 	 	0.9199	  	 	 	0.9128	  	 	 	0.9051	  

  
 68 

 APPENDICES 
  

 Table M-2 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity With Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	56	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9735	  	 	 	0.9709	  	 	 	0.9680	  	 	 	0.9650	  	 	 	0.9616	  	 	 	0.9580	  	 	 	0.9541	  	 	 	0.9498	  	 	 	0.9452	  	 	 	0.9402	  	 	 	0.9348	  	 	 	0.9289	  	 	 	0.9226	  	 	 	0.9156	  	 	 	0.9081	  
	 	 	57	  	 	 	0.9791	  	 	 	0.9769	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9596	  	 	 	0.9558	  	 	 	0.9517	  	 	 	0.9473	  	 	 	0.9425	  	 	 	0.9372	  	 	 	0.9315	  	 	 	0.9253	  	 	 	0.9185	  	 	 	0.9112	  
	 	 	58	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9732	  	 	 	0.9706	  	 	 	0.9677	  	 	 	0.9646	  	 	 	0.9612	  	 	 	0.9576	  	 	 	0.9536	  	 	 	0.9493	  	 	 	0.9447	  	 	 	0.9396	  	 	 	0.9340	  	 	 	0.9280	  	 	 	0.9214	  	 	 	0.9142	  
	 	 	59	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9691	  	 	 	0.9661	  	 	 	0.9628	  	 	 	0.9593	  	 	 	0.9555	  	 	 	0.9513	  	 	 	0.9468	  	 	 	0.9419	  	 	 	0.9365	  	 	 	0.9306	  	 	 	0.9242	  	 	 	0.9173	  
	 	 	60	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9704	  	 	 	0.9675	  	 	 	0.9644	  	 	 	0.9610	  	 	 	0.9573	  	 	 	0.9533	  	 	 	0.9490	  	 	 	0.9442	  	 	 	0.9390	  	 	 	0.9333	  	 	 	0.9271	  	 	 	0.9203	  
	 	 	61	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9627	  	 	 	0.9591	  	 	 	0.9553	  	 	 	0.9511	  	 	 	0.9465	  	 	 	0.9414	  	 	 	0.9359	  	 	 	0.9299	  	 	 	0.9233	  
	 	 	62	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9776	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9703	  	 	 	0.9674	  	 	 	0.9643	  	 	 	0.9609	  	 	 	0.9572	  	 	 	0.9531	  	 	 	0.9487	  	 	 	0.9439	  	 	 	0.9385	  	 	 	0.9327	  	 	 	0.9263	  
	 	 	63	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9806	  	 	 	0.9786	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9716	  	 	 	0.9688	  	 	 	0.9658	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9552	  	 	 	0.9509	  	 	 	0.9462	  	 	 	0.9411	  	 	 	0.9355	  	 	 	0.9293	  
	 	 	64	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9674	  	 	 	0.9643	  	 	 	0.9609	  	 	 	0.9571	  	 	 	0.9531	  	 	 	0.9486	  	 	 	0.9436	  	 	 	0.9382	  	 	 	0.9322	  
	 	 	65	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9716	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9591	  	 	 	0.9552	  	 	 	0.9509	  	 	 	0.9461	  	 	 	0.9409	  	 	 	0.9351	  
	 	 	66	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9795	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9703	  	 	 	0.9675	  	 	 	0.9643	  	 	 	0.9609	  	 	 	0.9572	  	 	 	0.9531	  	 	 	0.9485	  	 	 	0.9435	  	 	 	0.9380	  
	 	 	67	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9660	  	 	 	0.9628	  	 	 	0.9592	  	 	 	0.9552	  	 	 	0.9509	  	 	 	0.9461	  	 	 	0.9407	  
	 	 	68	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9730	  	 	 	0.9704	  	 	 	0.9676	  	 	 	0.9645	  	 	 	0.9611	  	 	 	0.9573	  	 	 	0.9532	  	 	 	0.9486	  	 	 	0.9435	  
	 	 	69	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9662	  	 	 	0.9630	  	 	 	0.9594	  	 	 	0.9554	  	 	 	0.9510	  	 	 	0.9461	  
	 	 	70	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9756	  	 	 	0.9732	  	 	 	0.9707	  	 	 	0.9679	  	 	 	0.9648	  	 	 	0.9614	  	 	 	0.9576	  	 	 	0.9534	  	 	 	0.9487	  
	 	 	71	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9695	  	 	 	0.9665	  	 	 	0.9633	  	 	 	0.9597	  	 	 	0.9556	  	 	 	0.9512	  
	 	 	72	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9710	  	 	 	0.9682	  	 	 	0.9651	  	 	 	0.9617	  	 	 	0.9579	  	 	 	0.9536	  
	 	 	73	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9749	  	 	 	0.9725	  	 	 	0.9698	  	 	 	0.9669	  	 	 	0.9636	  	 	 	0.9600	  	 	 	0.9559	  
	 	 	74	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9686	  	 	 	0.9655	  	 	 	0.9620	  	 	 	0.9582	  
	 	 	75	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9673	  	 	 	0.9640	  	 	 	0.9603	  
	 	 	76	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9804	  	 	 	0.9786	  	 	 	0.9765	  	 	 	0.9743	  	 	 	0.9718	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9624	  
	 	 	77	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9756	  	 	 	0.9733	  	 	 	0.9707	  	 	 	0.9677	  	 	 	0.9644	  
	 	 	78	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9695	  	 	 	0.9663	  
	 	 	79	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9737	  	 	 	0.9711	  	 	 	0.9682	  
	 	 	80	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9727	  	 	 	0.9699	  
	 	 	81	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9716	  
	 	 	82	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9732	  
	 	 	83	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9791	  	 	 	0.9770	  	 	 	0.9747	  
	 	 	84	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9850	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9762	  
	 	 	85	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9775	  

  
 69 

 APPENDICES 
  

 Table M-2 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity With Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.8332	  	 	 	0.8226	  	 	 	0.8115	  	 	 	0.7998	  	 	 	0.7875	  	 	 	0.7747	  	 	 	0.7613	  	 	 	0.7474	  	 	 	0.7330	  	 	 	0.7181	  	 	 	0.7028	  	 	 	0.6870	  	 	 	0.6708	  	 	 	0.6541	  	 	 	0.6371	  	 	 	0.6197	  	 	 	0.6021	  
	 	 	26	  	 	 	0.8343	  	 	 	0.8237	  	 	 	0.8125	  	 	 	0.8008	  	 	 	0.7886	  	 	 	0.7757	  	 	 	0.7623	  	 	 	0.7484	  	 	 	0.7340	  	 	 	0.7191	  	 	 	0.7038	  	 	 	0.6880	  	 	 	0.6718	  	 	 	0.6551	  	 	 	0.6381	  	 	 	0.6207	  	 	 	0.6030	  
	 	 	27	  	 	 	0.8354	  	 	 	0.8248	  	 	 	0.8137	  	 	 	0.8019	  	 	 	0.7897	  	 	 	0.7768	  	 	 	0.7634	  	 	 	0.7495	  	 	 	0.7351	  	 	 	0.7202	  	 	 	0.7049	  	 	 	0.6891	  	 	 	0.6728	  	 	 	0.6562	  	 	 	0.6391	  	 	 	0.6217	  	 	 	0.6040	  
	 	 	28	  	 	 	0.8365	  	 	 	0.8260	  	 	 	0.8148	  	 	 	0.8031	  	 	 	0.7908	  	 	 	0.7780	  	 	 	0.7646	  	 	 	0.7507	  	 	 	0.7363	  	 	 	0.7214	  	 	 	0.7060	  	 	 	0.6902	  	 	 	0.6740	  	 	 	0.6573	  	 	 	0.6402	  	 	 	0.6228	  	 	 	0.6051	  
	 	 	29	  	 	 	0.8378	  	 	 	0.8272	  	 	 	0.8161	  	 	 	0.8044	  	 	 	0.7921	  	 	 	0.7792	  	 	 	0.7659	  	 	 	0.7519	  	 	 	0.7375	  	 	 	0.7226	  	 	 	0.7072	  	 	 	0.6914	  	 	 	0.6752	  	 	 	0.6585	  	 	 	0.6414	  	 	 	0.6240	  	 	 	0.6062	  
	 	 	30	  	 	 	0.8390	  	 	 	0.8285	  	 	 	0.8174	  	 	 	0.8057	  	 	 	0.7934	  	 	 	0.7806	  	 	 	0.7672	  	 	 	0.7533	  	 	 	0.7388	  	 	 	0.7239	  	 	 	0.7085	  	 	 	0.6927	  	 	 	0.6764	  	 	 	0.6598	  	 	 	0.6427	  	 	 	0.6252	  	 	 	0.6074	  
	 	 	31	  	 	 	0.8404	  	 	 	0.8299	  	 	 	0.8188	  	 	 	0.8071	  	 	 	0.7948	  	 	 	0.7820	  	 	 	0.7686	  	 	 	0.7547	  	 	 	0.7402	  	 	 	0.7253	  	 	 	0.7099	  	 	 	0.6941	  	 	 	0.6778	  	 	 	0.6611	  	 	 	0.6440	  	 	 	0.6265	  	 	 	0.6087	  
	 	 	32	  	 	 	0.8418	  	 	 	0.8313	  	 	 	0.8202	  	 	 	0.8085	  	 	 	0.7963	  	 	 	0.7834	  	 	 	0.7701	  	 	 	0.7561	  	 	 	0.7417	  	 	 	0.7268	  	 	 	0.7114	  	 	 	0.6955	  	 	 	0.6792	  	 	 	0.6625	  	 	 	0.6454	  	 	 	0.6279	  	 	 	0.6101	  
	 	 	33	  	 	 	0.8433	  	 	 	0.8328	  	 	 	0.8217	  	 	 	0.8101	  	 	 	0.7978	  	 	 	0.7850	  	 	 	0.7716	  	 	 	0.7577	  	 	 	0.7432	  	 	 	0.7283	  	 	 	0.7129	  	 	 	0.6971	  	 	 	0.6808	  	 	 	0.6640	  	 	 	0.6469	  	 	 	0.6294	  	 	 	0.6115	  
	 	 	34	  	 	 	0.8449	  	 	 	0.8344	  	 	 	0.8234	  	 	 	0.8117	  	 	 	0.7995	  	 	 	0.7866	  	 	 	0.7733	  	 	 	0.7593	  	 	 	0.7449	  	 	 	0.7300	  	 	 	0.7146	  	 	 	0.6987	  	 	 	0.6824	  	 	 	0.6656	  	 	 	0.6485	  	 	 	0.6309	  	 	 	0.6131	  
	 	 	35	  	 	 	0.8466	  	 	 	0.8361	  	 	 	0.8251	  	 	 	0.8134	  	 	 	0.8012	  	 	 	0.7884	  	 	 	0.7750	  	 	 	0.7611	  	 	 	0.7466	  	 	 	0.7317	  	 	 	0.7163	  	 	 	0.7004	  	 	 	0.6841	  	 	 	0.6673	  	 	 	0.6501	  	 	 	0.6326	  	 	 	0.6147	  
	 	 	36	  	 	 	0.8483	  	 	 	0.8379	  	 	 	0.8268	  	 	 	0.8152	  	 	 	0.8030	  	 	 	0.7902	  	 	 	0.7768	  	 	 	0.7629	  	 	 	0.7485	  	 	 	0.7335	  	 	 	0.7181	  	 	 	0.7022	  	 	 	0.6859	  	 	 	0.6691	  	 	 	0.6519	  	 	 	0.6343	  	 	 	0.6165	  
	 	 	37	  	 	 	0.8502	  	 	 	0.8397	  	 	 	0.8287	  	 	 	0.8171	  	 	 	0.8049	  	 	 	0.7921	  	 	 	0.7788	  	 	 	0.7649	  	 	 	0.7504	  	 	 	0.7355	  	 	 	0.7201	  	 	 	0.7042	  	 	 	0.6878	  	 	 	0.6710	  	 	 	0.6538	  	 	 	0.6362	  	 	 	0.6183	  
	 	 	38	  	 	 	0.8521	  	 	 	0.8417	  	 	 	0.8307	  	 	 	0.8191	  	 	 	0.8069	  	 	 	0.7941	  	 	 	0.7808	  	 	 	0.7669	  	 	 	0.7525	  	 	 	0.7375	  	 	 	0.7221	  	 	 	0.7062	  	 	 	0.6898	  	 	 	0.6730	  	 	 	0.6558	  	 	 	0.6382	  	 	 	0.6202	  
	 	 	39	  	 	 	0.8541	  	 	 	0.8437	  	 	 	0.8327	  	 	 	0.8212	  	 	 	0.8090	  	 	 	0.7963	  	 	 	0.7829	  	 	 	0.7690	  	 	 	0.7546	  	 	 	0.7397	  	 	 	0.7243	  	 	 	0.7084	  	 	 	0.6920	  	 	 	0.6752	  	 	 	0.6579	  	 	 	0.6403	  	 	 	0.6223	  
	 	 	40	  	 	 	0.8561	  	 	 	0.8458	  	 	 	0.8349	  	 	 	0.8234	  	 	 	0.8112	  	 	 	0.7985	  	 	 	0.7852	  	 	 	0.7713	  	 	 	0.7569	  	 	 	0.7419	  	 	 	0.7265	  	 	 	0.7106	  	 	 	0.6942	  	 	 	0.6774	  	 	 	0.6601	  	 	 	0.6425	  	 	 	0.6245	  
	 	 	41	  	 	 	0.8583	  	 	 	0.8480	  	 	 	0.8371	  	 	 	0.8256	  	 	 	0.8135	  	 	 	0.8008	  	 	 	0.7875	  	 	 	0.7737	  	 	 	0.7593	  	 	 	0.7443	  	 	 	0.7289	  	 	 	0.7130	  	 	 	0.6966	  	 	 	0.6798	  	 	 	0.6625	  	 	 	0.6448	  	 	 	0.6268	  
	 	 	42	  	 	 	0.8605	  	 	 	0.8503	  	 	 	0.8395	  	 	 	0.8280	  	 	 	0.8159	  	 	 	0.8033	  	 	 	0.7900	  	 	 	0.7762	  	 	 	0.7618	  	 	 	0.7468	  	 	 	0.7314	  	 	 	0.7155	  	 	 	0.6991	  	 	 	0.6823	  	 	 	0.6650	  	 	 	0.6473	  	 	 	0.6292	  
	 	 	43	  	 	 	0.8629	  	 	 	0.8527	  	 	 	0.8419	  	 	 	0.8305	  	 	 	0.8185	  	 	 	0.8058	  	 	 	0.7926	  	 	 	0.7788	  	 	 	0.7644	  	 	 	0.7495	  	 	 	0.7341	  	 	 	0.7182	  	 	 	0.7018	  	 	 	0.6849	  	 	 	0.6676	  	 	 	0.6499	  	 	 	0.6318	  
	 	 	44	  	 	 	0.8653	  	 	 	0.8552	  	 	 	0.8444	  	 	 	0.8331	  	 	 	0.8211	  	 	 	0.8085	  	 	 	0.7953	  	 	 	0.7815	  	 	 	0.7671	  	 	 	0.7522	  	 	 	0.7368	  	 	 	0.7209	  	 	 	0.7046	  	 	 	0.6877	  	 	 	0.6704	  	 	 	0.6526	  	 	 	0.6345	  
	 	 	45	  	 	 	0.8678	  	 	 	0.8577	  	 	 	0.8471	  	 	 	0.8358	  	 	 	0.8238	  	 	 	0.8113	  	 	 	0.7981	  	 	 	0.7843	  	 	 	0.7700	  	 	 	0.7551	  	 	 	0.7398	  	 	 	0.7239	  	 	 	0.7075	  	 	 	0.6906	  	 	 	0.6733	  	 	 	0.6555	  	 	 	0.6374	  
	 	 	46	  	 	 	0.8704	  	 	 	0.8604	  	 	 	0.8498	  	 	 	0.8385	  	 	 	0.8267	  	 	 	0.8142	  	 	 	0.8010	  	 	 	0.7873	  	 	 	0.7730	  	 	 	0.7582	  	 	 	0.7428	  	 	 	0.7269	  	 	 	0.7105	  	 	 	0.6937	  	 	 	0.6763	  	 	 	0.6585	  	 	 	0.6404	  
	 	 	47	  	 	 	0.8730	  	 	 	0.8631	  	 	 	0.8526	  	 	 	0.8414	  	 	 	0.8296	  	 	 	0.8172	  	 	 	0.8041	  	 	 	0.7904	  	 	 	0.7762	  	 	 	0.7613	  	 	 	0.7460	  	 	 	0.7301	  	 	 	0.7138	  	 	 	0.6969	  	 	 	0.6795	  	 	 	0.6617	  	 	 	0.6436	  
	 	 	48	  	 	 	0.8758	  	 	 	0.8660	  	 	 	0.8555	  	 	 	0.8444	  	 	 	0.8327	  	 	 	0.8203	  	 	 	0.8073	  	 	 	0.7937	  	 	 	0.7794	  	 	 	0.7647	  	 	 	0.7493	  	 	 	0.7335	  	 	 	0.7171	  	 	 	0.7003	  	 	 	0.6829	  	 	 	0.6651	  	 	 	0.6469	  
	 	 	49	  	 	 	0.8786	  	 	 	0.8689	  	 	 	0.8585	  	 	 	0.8475	  	 	 	0.8359	  	 	 	0.8235	  	 	 	0.8106	  	 	 	0.7970	  	 	 	0.7829	  	 	 	0.7681	  	 	 	0.7528	  	 	 	0.7370	  	 	 	0.7207	  	 	 	0.7038	  	 	 	0.6865	  	 	 	0.6686	  	 	 	0.6505	  
	 	 	50	  	 	 	0.8815	  	 	 	0.8719	  	 	 	0.8616	  	 	 	0.8507	  	 	 	0.8391	  	 	 	0.8269	  	 	 	0.8140	  	 	 	0.8005	  	 	 	0.7864	  	 	 	0.7717	  	 	 	0.7565	  	 	 	0.7407	  	 	 	0.7244	  	 	 	0.7075	  	 	 	0.6902	  	 	 	0.6724	  	 	 	0.6542	  
	 	 	51	  	 	 	0.8844	  	 	 	0.8749	  	 	 	0.8648	  	 	 	0.8540	  	 	 	0.8425	  	 	 	0.8304	  	 	 	0.8176	  	 	 	0.8042	  	 	 	0.7901	  	 	 	0.7755	  	 	 	0.7603	  	 	 	0.7446	  	 	 	0.7283	  	 	 	0.7114	  	 	 	0.6941	  	 	 	0.6763	  	 	 	0.6581	  
	 	 	52	  	 	 	0.8874	  	 	 	0.8781	  	 	 	0.8680	  	 	 	0.8574	  	 	 	0.8460	  	 	 	0.8340	  	 	 	0.8213	  	 	 	0.8079	  	 	 	0.7940	  	 	 	0.7794	  	 	 	0.7643	  	 	 	0.7486	  	 	 	0.7323	  	 	 	0.7155	  	 	 	0.6982	  	 	 	0.6804	  	 	 	0.6622	  
	 	 	53	  	 	 	0.8905	  	 	 	0.8813	  	 	 	0.8714	  	 	 	0.8608	  	 	 	0.8496	  	 	 	0.8376	  	 	 	0.8250	  	 	 	0.8118	  	 	 	0.7979	  	 	 	0.7835	  	 	 	0.7684	  	 	 	0.7528	  	 	 	0.7365	  	 	 	0.7198	  	 	 	0.7025	  	 	 	0.6847	  	 	 	0.6665	  
	 	 	54	  	 	 	0.8936	  	 	 	0.8845	  	 	 	0.8748	  	 	 	0.8643	  	 	 	0.8532	  	 	 	0.8414	  	 	 	0.8290	  	 	 	0.8158	  	 	 	0.8021	  	 	 	0.7877	  	 	 	0.7727	  	 	 	0.7571	  	 	 	0.7410	  	 	 	0.7242	  	 	 	0.7070	  	 	 	0.6892	  	 	 	0.6710	  
	 	 	55	  	 	 	0.8968	  	 	 	0.8878	  	 	 	0.8782	  	 	 	0.8680	  	 	 	0.8570	  	 	 	0.8453	  	 	 	0.8330	  	 	 	0.8200	  	 	 	0.8063	  	 	 	0.7920	  	 	 	0.7771	  	 	 	0.7616	  	 	 	0.7455	  	 	 	0.7289	  	 	 	0.7117	  	 	 	0.6939	  	 	 	0.6757	  

  
 70 

 APPENDICES 
  

 Table M-2 (cont’d) 

Consolidated Edison Retirement Plan 

Option factors applicable to CECONY Weekly – 1 Participants – 

75% Joint and Survivor Annuity With Popup 
  

																																																																									
	 	 	 	 	 	Age of Pensioner	 
	

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.9000	  	 	 	0.8912	  	 	 	0.8818	  	 	 	0.8716	  	 	 	0.8608	  	 	 	0.8493	  	 	 	0.8371	  	 	 	0.8242	  	 	 	0.8107	  	 	 	0.7965	  	 	 	0.7817	  	 	 	0.7663	  	 	 	0.7503	  	 	 	0.7337	  	 	 	0.7165	  	 	 	0.6988	  	 	 	0.6807	  
	 	 	57	  	 	 	0.9032	  	 	 	0.8946	  	 	 	0.8853	  	 	 	0.8754	  	 	 	0.8647	  	 	 	0.8533	  	 	 	0.8413	  	 	 	0.8286	  	 	 	0.8152	  	 	 	0.8011	  	 	 	0.7865	  	 	 	0.7712	  	 	 	0.7552	  	 	 	0.7387	  	 	 	0.7216	  	 	 	0.7040	  	 	 	0.6858	  
	 	 	58	  	 	 	0.9064	  	 	 	0.8980	  	 	 	0.8889	  	 	 	0.8791	  	 	 	0.8687	  	 	 	0.8575	  	 	 	0.8456	  	 	 	0.8330	  	 	 	0.8198	  	 	 	0.8059	  	 	 	0.7913	  	 	 	0.7762	  	 	 	0.7603	  	 	 	0.7439	  	 	 	0.7269	  	 	 	0.7093	  	 	 	0.6912	  
	 	 	59	  	 	 	0.9097	  	 	 	0.9014	  	 	 	0.8925	  	 	 	0.8830	  	 	 	0.8727	  	 	 	0.8617	  	 	 	0.8500	  	 	 	0.8376	  	 	 	0.8245	  	 	 	0.8107	  	 	 	0.7963	  	 	 	0.7813	  	 	 	0.7656	  	 	 	0.7493	  	 	 	0.7323	  	 	 	0.7148	  	 	 	0.6968	  
	 	 	60	  	 	 	0.9129	  	 	 	0.9049	  	 	 	0.8962	  	 	 	0.8868	  	 	 	0.8767	  	 	 	0.8659	  	 	 	0.8544	  	 	 	0.8422	  	 	 	0.8293	  	 	 	0.8157	  	 	 	0.8015	  	 	 	0.7866	  	 	 	0.7710	  	 	 	0.7548	  	 	 	0.7380	  	 	 	0.7206	  	 	 	0.7026	  
	 	 	61	  	 	 	0.9161	  	 	 	0.9083	  	 	 	0.8998	  	 	 	0.8907	  	 	 	0.8808	  	 	 	0.8702	  	 	 	0.8589	  	 	 	0.8469	  	 	 	0.8342	  	 	 	0.8208	  	 	 	0.8067	  	 	 	0.7920	  	 	 	0.7766	  	 	 	0.7605	  	 	 	0.7438	  	 	 	0.7265	  	 	 	0.7086	  
	 	 	62	  	 	 	0.9194	  	 	 	0.9118	  	 	 	0.9035	  	 	 	0.8945	  	 	 	0.8849	  	 	 	0.8745	  	 	 	0.8634	  	 	 	0.8516	  	 	 	0.8391	  	 	 	0.8259	  	 	 	0.8120	  	 	 	0.7975	  	 	 	0.7823	  	 	 	0.7663	  	 	 	0.7498	  	 	 	0.7326	  	 	 	0.7148	  
	 	 	63	  	 	 	0.9225	  	 	 	0.9152	  	 	 	0.9071	  	 	 	0.8984	  	 	 	0.8890	  	 	 	0.8788	  	 	 	0.8680	  	 	 	0.8564	  	 	 	0.8441	  	 	 	0.8311	  	 	 	0.8175	  	 	 	0.8031	  	 	 	0.7881	  	 	 	0.7723	  	 	 	0.7559	  	 	 	0.7388	  	 	 	0.7212	  
	 	 	64	  	 	 	0.9257	  	 	 	0.9185	  	 	 	0.9107	  	 	 	0.9022	  	 	 	0.8930	  	 	 	0.8831	  	 	 	0.8725	  	 	 	0.8612	  	 	 	0.8491	  	 	 	0.8364	  	 	 	0.8229	  	 	 	0.8088	  	 	 	0.7940	  	 	 	0.7784	  	 	 	0.7622	  	 	 	0.7452	  	 	 	0.7277	  
	 	 	65	  	 	 	0.9288	  	 	 	0.9219	  	 	 	0.9143	  	 	 	0.9061	  	 	 	0.8971	  	 	 	0.8875	  	 	 	0.8771	  	 	 	0.8660	  	 	 	0.8542	  	 	 	0.8417	  	 	 	0.8285	  	 	 	0.8146	  	 	 	0.7999	  	 	 	0.7846	  	 	 	0.7685	  	 	 	0.7518	  	 	 	0.7345	  
	 	 	66	  	 	 	0.9319	  	 	 	0.9252	  	 	 	0.9178	  	 	 	0.9098	  	 	 	0.9012	  	 	 	0.8918	  	 	 	0.8817	  	 	 	0.8708	  	 	 	0.8593	  	 	 	0.8470	  	 	 	0.8341	  	 	 	0.8204	  	 	 	0.8060	  	 	 	0.7909	  	 	 	0.7750	  	 	 	0.7585	  	 	 	0.7413	  
	 	 	67	  	 	 	0.9349	  	 	 	0.9284	  	 	 	0.9213	  	 	 	0.9136	  	 	 	0.9052	  	 	 	0.8960	  	 	 	0.8862	  	 	 	0.8756	  	 	 	0.8644	  	 	 	0.8524	  	 	 	0.8397	  	 	 	0.8263	  	 	 	0.8121	  	 	 	0.7972	  	 	 	0.7816	  	 	 	0.7653	  	 	 	0.7483	  
	 	 	68	  	 	 	0.9378	  	 	 	0.9316	  	 	 	0.9248	  	 	 	0.9173	  	 	 	0.9091	  	 	 	0.9003	  	 	 	0.8907	  	 	 	0.8804	  	 	 	0.8694	  	 	 	0.8577	  	 	 	0.8453	  	 	 	0.8322	  	 	 	0.8183	  	 	 	0.8036	  	 	 	0.7883	  	 	 	0.7721	  	 	 	0.7554	  
	 	 	69	  	 	 	0.9407	  	 	 	0.9347	  	 	 	0.9281	  	 	 	0.9209	  	 	 	0.9130	  	 	 	0.9044	  	 	 	0.8951	  	 	 	0.8852	  	 	 	0.8745	  	 	 	0.8631	  	 	 	0.8509	  	 	 	0.8381	  	 	 	0.8245	  	 	 	0.8101	  	 	 	0.7950	  	 	 	0.7791	  	 	 	0.7626	  
	 	 	70	  	 	 	0.9435	  	 	 	0.9377	  	 	 	0.9314	  	 	 	0.9244	  	 	 	0.9168	  	 	 	0.9085	  	 	 	0.8995	  	 	 	0.8899	  	 	 	0.8795	  	 	 	0.8684	  	 	 	0.8565	  	 	 	0.8440	  	 	 	0.8307	  	 	 	0.8166	  	 	 	0.8017	  	 	 	0.7861	  	 	 	0.7698	  
	 	 	71	  	 	 	0.9462	  	 	 	0.9407	  	 	 	0.9346	  	 	 	0.9279	  	 	 	0.9206	  	 	 	0.9126	  	 	 	0.9039	  	 	 	0.8945	  	 	 	0.8844	  	 	 	0.8736	  	 	 	0.8621	  	 	 	0.8498	  	 	 	0.8368	  	 	 	0.8231	  	 	 	0.8085	  	 	 	0.7932	  	 	 	0.7772	  
	 	 	72	  	 	 	0.9488	  	 	 	0.9436	  	 	 	0.9377	  	 	 	0.9313	  	 	 	0.9242	  	 	 	0.9165	  	 	 	0.9081	  	 	 	0.8991	  	 	 	0.8893	  	 	 	0.8788	  	 	 	0.8676	  	 	 	0.8557	  	 	 	0.8430	  	 	 	0.8295	  	 	 	0.8153	  	 	 	0.8003	  	 	 	0.7845	  
	 	 	73	  	 	 	0.9514	  	 	 	0.9464	  	 	 	0.9408	  	 	 	0.9346	  	 	 	0.9278	  	 	 	0.9204	  	 	 	0.9123	  	 	 	0.9035	  	 	 	0.8941	  	 	 	0.8839	  	 	 	0.8731	  	 	 	0.8615	  	 	 	0.8491	  	 	 	0.8360	  	 	 	0.8221	  	 	 	0.8074	  	 	 	0.7919	  
	 	 	74	  	 	 	0.9539	  	 	 	0.9491	  	 	 	0.9437	  	 	 	0.9378	  	 	 	0.9313	  	 	 	0.9242	  	 	 	0.9164	  	 	 	0.9079	  	 	 	0.8988	  	 	 	0.8890	  	 	 	0.8784	  	 	 	0.8672	  	 	 	0.8552	  	 	 	0.8424	  	 	 	0.8288	  	 	 	0.8144	  	 	 	0.7993	  
	 	 	75	  	 	 	0.9562	  	 	 	0.9517	  	 	 	0.9466	  	 	 	0.9409	  	 	 	0.9347	  	 	 	0.9278	  	 	 	0.9203	  	 	 	0.9122	  	 	 	0.9034	  	 	 	0.8939	  	 	 	0.8837	  	 	 	0.8728	  	 	 	0.8612	  	 	 	0.8487	  	 	 	0.8355	  	 	 	0.8214	  	 	 	0.8066	  
	 	 	76	  	 	 	0.9585	  	 	 	0.9542	  	 	 	0.9493	  	 	 	0.9439	  	 	 	0.9379	  	 	 	0.9314	  	 	 	0.9242	  	 	 	0.9164	  	 	 	0.9079	  	 	 	0.8987	  	 	 	0.8889	  	 	 	0.8783	  	 	 	0.8670	  	 	 	0.8550	  	 	 	0.8421	  	 	 	0.8284	  	 	 	0.8139	  
	 	 	77	  	 	 	0.9607	  	 	 	0.9566	  	 	 	0.9520	  	 	 	0.9468	  	 	 	0.9411	  	 	 	0.9348	  	 	 	0.9279	  	 	 	0.9204	  	 	 	0.9123	  	 	 	0.9034	  	 	 	0.8939	  	 	 	0.8838	  	 	 	0.8728	  	 	 	0.8611	  	 	 	0.8486	  	 	 	0.8353	  	 	 	0.8212	  
	 	 	78	  	 	 	0.9628	  	 	 	0.9589	  	 	 	0.9545	  	 	 	0.9496	  	 	 	0.9441	  	 	 	0.9381	  	 	 	0.9315	  	 	 	0.9243	  	 	 	0.9165	  	 	 	0.9080	  	 	 	0.8989	  	 	 	0.8890	  	 	 	0.8785	  	 	 	0.8671	  	 	 	0.8550	  	 	 	0.8420	  	 	 	0.8283	  
	 	 	79	  	 	 	0.9648	  	 	 	0.9611	  	 	 	0.9569	  	 	 	0.9523	  	 	 	0.9471	  	 	 	0.9413	  	 	 	0.9350	  	 	 	0.9281	  	 	 	0.9206	  	 	 	0.9125	  	 	 	0.9037	  	 	 	0.8942	  	 	 	0.8840	  	 	 	0.8730	  	 	 	0.8613	  	 	 	0.8487	  	 	 	0.8354	  
	 	 	80	  	 	 	0.9668	  	 	 	0.9632	  	 	 	0.9593	  	 	 	0.9548	  	 	 	0.9499	  	 	 	0.9444	  	 	 	0.9384	  	 	 	0.9318	  	 	 	0.9246	  	 	 	0.9168	  	 	 	0.9084	  	 	 	0.8992	  	 	 	0.8894	  	 	 	0.8788	  	 	 	0.8674	  	 	 	0.8553	  	 	 	0.8423	  
	 	 	81	  	 	 	0.9686	  	 	 	0.9653	  	 	 	0.9615	  	 	 	0.9573	  	 	 	0.9526	  	 	 	0.9474	  	 	 	0.9417	  	 	 	0.9353	  	 	 	0.9285	  	 	 	0.9210	  	 	 	0.9129	  	 	 	0.9041	  	 	 	0.8947	  	 	 	0.8845	  	 	 	0.8735	  	 	 	0.8617	  	 	 	0.8491	  
	 	 	82	  	 	 	0.9704	  	 	 	0.9672	  	 	 	0.9636	  	 	 	0.9597	  	 	 	0.9552	  	 	 	0.9503	  	 	 	0.9448	  	 	 	0.9388	  	 	 	0.9322	  	 	 	0.9250	  	 	 	0.9173	  	 	 	0.9089	  	 	 	0.8998	  	 	 	0.8900	  	 	 	0.8794	  	 	 	0.8680	  	 	 	0.8558	  
	 	 	83	  	 	 	0.9721	  	 	 	0.9691	  	 	 	0.9657	  	 	 	0.9619	  	 	 	0.9577	  	 	 	0.9530	  	 	 	0.9478	  	 	 	0.9421	  	 	 	0.9358	  	 	 	0.9290	  	 	 	0.9216	  	 	 	0.9135	  	 	 	0.9048	  	 	 	0.8954	  	 	 	0.8852	  	 	 	0.8742	  	 	 	0.8624	  
	 	 	84	  	 	 	0.9737	  	 	 	0.9709	  	 	 	0.9677	  	 	 	0.9641	  	 	 	0.9601	  	 	 	0.9556	  	 	 	0.9507	  	 	 	0.9453	  	 	 	0.9393	  	 	 	0.9328	  	 	 	0.9257	  	 	 	0.9180	  	 	 	0.9097	  	 	 	0.9006	  	 	 	0.8908	  	 	 	0.8802	  	 	 	0.8689	  
	 	 	85	  	 	 	0.9752	  	 	 	0.9726	  	 	 	0.9696	  	 	 	0.9662	  	 	 	0.9624	  	 	 	0.9582	  	 	 	0.9535	  	 	 	0.9483	  	 	 	0.9427	  	 	 	0.9365	  	 	 	0.9297	  	 	 	0.9224	  	 	 	0.9144	  	 	 	0.9058	  	 	 	0.8963	  	 	 	0.8862	  	 	 	0.8753	  

  
 71 

 Sub appendix A. 2 

TABLE A 
 O&R
Participants 
 Joint and 100% Survivor Option Factors 

without Pop-Up 

Distributions beginning 

before July 1, 2004 

This Table A is no longer current; 

Table A factors were applied to pension allowance distributions on or before July 1, 2004 

See prior Retirement Plan for historical factors 

See updated tables below 

  
 72 

 Sub appendix A. 2 

TABLE B 
 O&R
Participants 
 Joint and 50% Survivor Option Factors without Pop-Up 

Distributions beginning 

before July 1, 2004 

This Table B is no longer current; 

Table B factors were applied to pension allowance distributions on or before July 1, 2004 

See prior Retirement Plan for historical factors 

See prior Retirement Plan for historical factors 

See updated tables below 

  
 73 

 Sub appendix A. 2 

TABLE C 
 O&R
Participants 
 Joint and 100% Survivor Option Factors with Pop-Up 

Distributions beginning 

before July 1, 2004 

This Table C is no longer current; 

Table C factors were applied to pension allowance distributions on or before July 1, 2004 

See prior Retirement Plan for historical factors 

See prior Retirement Plan for historical factors 

See updated tables below 

  
 74 

 Sub appendix A. 2 

TABLE D 
 O&R
Participants 
 Joint and 50% Survivor Option Factors with Pop-Up 

Distributions beginning 

before July 1, 2004 

This Table D is no longer current; 

Table D factors were applied to pension allowance distributions on or before July 1, 2004 

See prior Retirement Plan for historical factors 

See prior Retirement Plan for historical factors 

See updated tables below 

  
 75 

 Sub Appendix A. 2 

Table E - O&R Participants 

Reduction Factors For 

Vested Participant 

Spouse’s Allowance Coverage 

Table E is no longer applicable 

because it applied to distributions 

on or before July 1, 2008 

See prior Retirement Plan for historical factors 

See updated table, below 

  
 76 

 Sub appendix A. 2 

TABLE F 
 O&R
PARTICIPANTS 
 For purposes of calculating payment of Actuarial Equivalent which are otherwise not set forth in the Plan, the Plan
Administrator has adopted the interest rate and mortality table described in Section 5.01(c)(3) as the interest rate and mortality table to be used on and after January 1, 2000 in all circumstances required by Code Section 417(e) and
the regulations thereunder. 

  
 77 

 APPENDICES 

Sub appendix A. 2 
 Table
G – 
 For Distributions Beginning On And After July 1, 2004 

100% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	20	  	 	 	0.9504	  	 	 	0.9466	  	 	 	0.9426	  	 	 	0.9384	  	 	 	0.9339	  	 	 	0.9290	  	 	 	0.9240	  	 	 	0.9187	  	 	 	0.9130	  	 	 	0.9070	  	 	 	0.9007	  	 	 	0.8941	  	 	 	0.8871	  	 	 	0.8798	  	 	 	0.8721	  	 	 	0.8642	  
	 	 	21	  	 	 	0.9517	  	 	 	0.9480	  	 	 	0.9440	  	 	 	0.9399	  	 	 	0.9354	  	 	 	0.9306	  	 	 	0.9256	  	 	 	0.9203	  	 	 	0.9147	  	 	 	0.9087	  	 	 	0.9025	  	 	 	0.8958	  	 	 	0.8889	  	 	 	0.8816	  	 	 	0.8740	  	 	 	0.8660	  
	 	 	22	  	 	 	0.9531	  	 	 	0.9494	  	 	 	0.9455	  	 	 	0.9413	  	 	 	0.9369	  	 	 	0.9322	  	 	 	0.9272	  	 	 	0.9220	  	 	 	0.9163	  	 	 	0.9105	  	 	 	0.9043	  	 	 	0.8976	  	 	 	0.8907	  	 	 	0.8835	  	 	 	0.8759	  	 	 	0.8679	  
	 	 	23	  	 	 	0.9544	  	 	 	0.9508	  	 	 	0.9469	  	 	 	0.9429	  	 	 	0.9385	  	 	 	0.9338	  	 	 	0.9289	  	 	 	0.9237	  	 	 	0.9181	  	 	 	0.9123	  	 	 	0.9061	  	 	 	0.8995	  	 	 	0.8926	  	 	 	0.8854	  	 	 	0.8778	  	 	 	0.8699	  
	 	 	24	  	 	 	0.9558	  	 	 	0.9522	  	 	 	0.9484	  	 	 	0.9444	  	 	 	0.9401	  	 	 	0.9354	  	 	 	0.9306	  	 	 	0.9255	  	 	 	0.9199	  	 	 	0.9142	  	 	 	0.9080	  	 	 	0.9014	  	 	 	0.8946	  	 	 	0.8874	  	 	 	0.8799	  	 	 	0.8720	  
	 	 	25	  	 	 	0.9571	  	 	 	0.9536	  	 	 	0.9499	  	 	 	0.9460	  	 	 	0.9417	  	 	 	0.9372	  	 	 	0.9323	  	 	 	0.9272	  	 	 	0.9218	  	 	 	0.9160	  	 	 	0.9099	  	 	 	0.9034	  	 	 	0.8966	  	 	 	0.8895	  	 	 	0.8820	  	 	 	0.8741	  
	 	 	26	  	 	 	0.9585	  	 	 	0.9551	  	 	 	0.9514	  	 	 	0.9476	  	 	 	0.9434	  	 	 	0.9389	  	 	 	0.9341	  	 	 	0.9291	  	 	 	0.9237	  	 	 	0.9180	  	 	 	0.9119	  	 	 	0.9055	  	 	 	0.8987	  	 	 	0.8917	  	 	 	0.8842	  	 	 	0.8763	  
	 	 	27	  	 	 	0.9599	  	 	 	0.9566	  	 	 	0.9530	  	 	 	0.9492	  	 	 	0.9450	  	 	 	0.9406	  	 	 	0.9359	  	 	 	0.9309	  	 	 	0.9256	  	 	 	0.9199	  	 	 	0.9140	  	 	 	0.9076	  	 	 	0.9009	  	 	 	0.8938	  	 	 	0.8864	  	 	 	0.8786	  
	 	 	28	  	 	 	0.9613	  	 	 	0.9580	  	 	 	0.9545	  	 	 	0.9508	  	 	 	0.9467	  	 	 	0.9424	  	 	 	0.9378	  	 	 	0.9328	  	 	 	0.9276	  	 	 	0.9220	  	 	 	0.9161	  	 	 	0.9097	  	 	 	0.9031	  	 	 	0.8961	  	 	 	0.8887	  	 	 	0.8810	  
	 	 	29	  	 	 	0.9627	  	 	 	0.9595	  	 	 	0.9560	  	 	 	0.9524	  	 	 	0.9484	  	 	 	0.9441	  	 	 	0.9396	  	 	 	0.9348	  	 	 	0.9296	  	 	 	0.9241	  	 	 	0.9182	  	 	 	0.9120	  	 	 	0.9054	  	 	 	0.8984	  	 	 	0.8911	  	 	 	0.8834	  
	 	 	30	  	 	 	0.9641	  	 	 	0.9609	  	 	 	0.9576	  	 	 	0.9540	  	 	 	0.9501	  	 	 	0.9459	  	 	 	0.9415	  	 	 	0.9368	  	 	 	0.9316	  	 	 	0.9262	  	 	 	0.9204	  	 	 	0.9142	  	 	 	0.9077	  	 	 	0.9008	  	 	 	0.8935	  	 	 	0.8859	  
	 	 	31	  	 	 	0.9655	  	 	 	0.9624	  	 	 	0.9591	  	 	 	0.9556	  	 	 	0.9518	  	 	 	0.9477	  	 	 	0.9434	  	 	 	0.9387	  	 	 	0.9336	  	 	 	0.9284	  	 	 	0.9226	  	 	 	0.9165	  	 	 	0.9101	  	 	 	0.9033	  	 	 	0.8960	  	 	 	0.8884	  
	 	 	32	  	 	 	0.9668	  	 	 	0.9638	  	 	 	0.9606	  	 	 	0.9572	  	 	 	0.9535	  	 	 	0.9495	  	 	 	0.9453	  	 	 	0.9407	  	 	 	0.9358	  	 	 	0.9305	  	 	 	0.9249	  	 	 	0.9189	  	 	 	0.9125	  	 	 	0.9058	  	 	 	0.8986	  	 	 	0.8911	  
	 	 	33	  	 	 	0.9681	  	 	 	0.9652	  	 	 	0.9622	  	 	 	0.9589	  	 	 	0.9552	  	 	 	0.9513	  	 	 	0.9472	  	 	 	0.9427	  	 	 	0.9379	  	 	 	0.9327	  	 	 	0.9272	  	 	 	0.9212	  	 	 	0.9150	  	 	 	0.9083	  	 	 	0.9013	  	 	 	0.8938	  
	 	 	34	  	 	 	0.9694	  	 	 	0.9667	  	 	 	0.9637	  	 	 	0.9605	  	 	 	0.9570	  	 	 	0.9532	  	 	 	0.9491	  	 	 	0.9447	  	 	 	0.9400	  	 	 	0.9349	  	 	 	0.9295	  	 	 	0.9236	  	 	 	0.9174	  	 	 	0.9109	  	 	 	0.9039	  	 	 	0.8966	  
	 	 	35	  	 	 	0.9708	  	 	 	0.9680	  	 	 	0.9652	  	 	 	0.9620	  	 	 	0.9587	  	 	 	0.9549	  	 	 	0.9510	  	 	 	0.9467	  	 	 	0.9421	  	 	 	0.9371	  	 	 	0.9318	  	 	 	0.9261	  	 	 	0.9200	  	 	 	0.9135	  	 	 	0.9067	  	 	 	0.8994	  
	 	 	36	  	 	 	0.9720	  	 	 	0.9694	  	 	 	0.9667	  	 	 	0.9636	  	 	 	0.9603	  	 	 	0.9567	  	 	 	0.9529	  	 	 	0.9487	  	 	 	0.9442	  	 	 	0.9393	  	 	 	0.9341	  	 	 	0.9285	  	 	 	0.9226	  	 	 	0.9163	  	 	 	0.9095	  	 	 	0.9023	  
	 	 	37	  	 	 	0.9733	  	 	 	0.9708	  	 	 	0.9681	  	 	 	0.9652	  	 	 	0.9620	  	 	 	0.9585	  	 	 	0.9548	  	 	 	0.9508	  	 	 	0.9463	  	 	 	0.9416	  	 	 	0.9365	  	 	 	0.9310	  	 	 	0.9251	  	 	 	0.9189	  	 	 	0.9123	  	 	 	0.9052	  
	 	 	38	  	 	 	0.9745	  	 	 	0.9721	  	 	 	0.9695	  	 	 	0.9667	  	 	 	0.9636	  	 	 	0.9602	  	 	 	0.9566	  	 	 	0.9527	  	 	 	0.9484	  	 	 	0.9438	  	 	 	0.9389	  	 	 	0.9335	  	 	 	0.9277	  	 	 	0.9217	  	 	 	0.9151	  	 	 	0.9082	  
	 	 	39	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9709	  	 	 	0.9682	  	 	 	0.9652	  	 	 	0.9620	  	 	 	0.9585	  	 	 	0.9547	  	 	 	0.9505	  	 	 	0.9461	  	 	 	0.9412	  	 	 	0.9360	  	 	 	0.9304	  	 	 	0.9244	  	 	 	0.9180	  	 	 	0.9112	  
	 	 	40	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9668	  	 	 	0.9637	  	 	 	0.9603	  	 	 	0.9567	  	 	 	0.9526	  	 	 	0.9483	  	 	 	0.9436	  	 	 	0.9385	  	 	 	0.9330	  	 	 	0.9272	  	 	 	0.9209	  	 	 	0.9142	  
	 	 	41	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9736	  	 	 	0.9711	  	 	 	0.9683	  	 	 	0.9654	  	 	 	0.9621	  	 	 	0.9585	  	 	 	0.9546	  	 	 	0.9505	  	 	 	0.9459	  	 	 	0.9409	  	 	 	0.9356	  	 	 	0.9299	  	 	 	0.9238	  	 	 	0.9172	  
	 	 	42	  	 	 	0.9791	  	 	 	0.9771	  	 	 	0.9749	  	 	 	0.9725	  	 	 	0.9698	  	 	 	0.9670	  	 	 	0.9639	  	 	 	0.9604	  	 	 	0.9567	  	 	 	0.9527	  	 	 	0.9482	  	 	 	0.9434	  	 	 	0.9382	  	 	 	0.9327	  	 	 	0.9267	  	 	 	0.9203	  
	 	 	43	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9739	  	 	 	0.9713	  	 	 	0.9686	  	 	 	0.9656	  	 	 	0.9623	  	 	 	0.9587	  	 	 	0.9548	  	 	 	0.9505	  	 	 	0.9458	  	 	 	0.9408	  	 	 	0.9355	  	 	 	0.9296	  	 	 	0.9234	  
	 	 	44	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9701	  	 	 	0.9673	  	 	 	0.9642	  	 	 	0.9606	  	 	 	0.9569	  	 	 	0.9528	  	 	 	0.9482	  	 	 	0.9434	  	 	 	0.9382	  	 	 	0.9325	  	 	 	0.9264	  
	 	 	45	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9550	  	 	 	0.9506	  	 	 	0.9459	  	 	 	0.9409	  	 	 	0.9354	  	 	 	0.9295	  
	 	 	46	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9676	  	 	 	0.9644	  	 	 	0.9609	  	 	 	0.9571	  	 	 	0.9529	  	 	 	0.9485	  	 	 	0.9436	  	 	 	0.9382	  	 	 	0.9325	  
	 	 	47	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9745	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9662	  	 	 	0.9629	  	 	 	0.9593	  	 	 	0.9553	  	 	 	0.9509	  	 	 	0.9462	  	 	 	0.9411	  	 	 	0.9356	  
	 	 	48	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9735	  	 	 	0.9710	  	 	 	0.9680	  	 	 	0.9649	  	 	 	0.9613	  	 	 	0.9575	  	 	 	0.9533	  	 	 	0.9488	  	 	 	0.9439	  	 	 	0.9385	  
	 	 	49	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9725	  	 	 	0.9697	  	 	 	0.9667	  	 	 	0.9634	  	 	 	0.9597	  	 	 	0.9557	  	 	 	0.9514	  	 	 	0.9466	  	 	 	0.9414	  
	 	 	50	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9714	  	 	 	0.9686	  	 	 	0.9653	  	 	 	0.9618	  	 	 	0.9580	  	 	 	0.9538	  	 	 	0.9493	  	 	 	0.9443	  
	 	 	51	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9703	  	 	 	0.9672	  	 	 	0.9639	  	 	 	0.9602	  	 	 	0.9563	  	 	 	0.9519	  	 	 	0.9472	  
	 	 	52	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9791	  	 	 	0.9769	  	 	 	0.9745	  	 	 	0.9720	  	 	 	0.9691	  	 	 	0.9659	  	 	 	0.9624	  	 	 	0.9587	  	 	 	0.9544	  	 	 	0.9499	  

  
 78 

 APPENDICES 
  

 Sub appendix A. 2 

Table G – 
 For
Distributions Beginning On And After July 1, 2004 
 100% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	53	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9736	  	 	 	0.9709	  	 	 	0.9678	  	 	 	0.9645	  	 	 	0.9609	  	 	 	0.9569	  	 	 	0.9526	  
	 	 	54	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9752	  	 	 	0.9726	  	 	 	0.9697	  	 	 	0.9666	  	 	 	0.9632	  	 	 	0.9594	  	 	 	0.9552	  
	 	 	55	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9767	  	 	 	0.9742	  	 	 	0.9715	  	 	 	0.9685	  	 	 	0.9654	  	 	 	0.9617	  	 	 	0.9578	  
	 	 	56	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9758	  	 	 	0.9733	  	 	 	0.9705	  	 	 	0.9674	  	 	 	0.9640	  	 	 	0.9603	  
	 	 	57	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9814	  	 	 	0.9795	  	 	 	0.9774	  	 	 	0.9750	  	 	 	0.9723	  	 	 	0.9694	  	 	 	0.9662	  	 	 	0.9627	  
	 	 	58	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9741	  	 	 	0.9714	  	 	 	0.9683	  	 	 	0.9650	  
	 	 	59	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9781	  	 	 	0.9758	  	 	 	0.9732	  	 	 	0.9703	  	 	 	0.9672	  
	 	 	60	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9816	  	 	 	0.9796	  	 	 	0.9774	  	 	 	0.9750	  	 	 	0.9723	  	 	 	0.9694	  
	 	 	61	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9810	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9741	  	 	 	0.9714	  
	 	 	62	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9823	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9734	  
	 	 	63	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9776	  	 	 	0.9753	  
	 	 	64	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9814	  	 	 	0.9793	  	 	 	0.9770	  
	 	 	65	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9808	  	 	 	0.9787	  
	 	 	66	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9871	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9822	  	 	 	0.9803	  
	 	 	67	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9836	  	 	 	0.9818	  
	 	 	68	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9849	  	 	 	0.9833	  
	 	 	69	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9862	  	 	 	0.9846	  
	 	 	70	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9873	  	 	 	0.9859	  
	 	 	71	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9883	  	 	 	0.9870	  
	 	 	72	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9882	  
	 	 	73	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9892	  
	 	 	74	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9911	  	 	 	0.9901	  
	 	 	75	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9919	  	 	 	0.9910	  
	 	 	76	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9918	  
	 	 	77	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9926	  
	 	 	78	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9939	  	 	 	0.9933	  
	 	 	79	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  
	 	 	80	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9945	  
	 	 	81	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9955	  	 	 	0.9950	  
	 	 	82	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  
	 	 	83	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  
	 	 	84	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  
	 	 	85	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9971	  	 	 	0.9968	  

  
 79 

 APPENDICES 
  

 Sub appendix A. 2 

Table G – 
 For
Distributions Beginning On And After July 1, 2004 
 100% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	20	  	 	 	0.8559	  	 	 	0.8472	  	 	 	0.8382	  	 	 	0.8289	  	 	 	0.8192	  	 	 	0.8091	  	 	 	0.7986	  	 	 	0.7878	  	 	 	0.7765	  	 	 	0.7648	  	 	 	0.7526	  	 	 	0.7400	  	 	 	0.7269	  	 	 	0.7134	  	 	 	0.6993	  	 	 	0.6848	  
	 	 	21	  	 	 	0.8577	  	 	 	0.8491	  	 	 	0.8401	  	 	 	0.8307	  	 	 	0.8211	  	 	 	0.8110	  	 	 	0.8005	  	 	 	0.7896	  	 	 	0.7784	  	 	 	0.7666	  	 	 	0.7545	  	 	 	0.7418	  	 	 	0.7287	  	 	 	0.7151	  	 	 	0.7011	  	 	 	0.6866	  
	 	 	22	  	 	 	0.8597	  	 	 	0.8510	  	 	 	0.8421	  	 	 	0.8327	  	 	 	0.8230	  	 	 	0.8129	  	 	 	0.8024	  	 	 	0.7916	  	 	 	0.7803	  	 	 	0.7686	  	 	 	0.7564	  	 	 	0.7437	  	 	 	0.7306	  	 	 	0.7170	  	 	 	0.7029	  	 	 	0.6884	  
	 	 	23	  	 	 	0.8617	  	 	 	0.8530	  	 	 	0.8441	  	 	 	0.8348	  	 	 	0.8251	  	 	 	0.8149	  	 	 	0.8045	  	 	 	0.7937	  	 	 	0.7824	  	 	 	0.7706	  	 	 	0.7584	  	 	 	0.7457	  	 	 	0.7326	  	 	 	0.7190	  	 	 	0.7049	  	 	 	0.6903	  
	 	 	24	  	 	 	0.8637	  	 	 	0.8551	  	 	 	0.8462	  	 	 	0.8369	  	 	 	0.8272	  	 	 	0.8171	  	 	 	0.8067	  	 	 	0.7958	  	 	 	0.7845	  	 	 	0.7728	  	 	 	0.7605	  	 	 	0.7479	  	 	 	0.7347	  	 	 	0.7211	  	 	 	0.7070	  	 	 	0.6924	  
	 	 	25	  	 	 	0.8659	  	 	 	0.8573	  	 	 	0.8484	  	 	 	0.8391	  	 	 	0.8294	  	 	 	0.8193	  	 	 	0.8089	  	 	 	0.7981	  	 	 	0.7867	  	 	 	0.7749	  	 	 	0.7627	  	 	 	0.7501	  	 	 	0.7369	  	 	 	0.7233	  	 	 	0.7091	  	 	 	0.6945	  
	 	 	26	  	 	 	0.8682	  	 	 	0.8596	  	 	 	0.8507	  	 	 	0.8414	  	 	 	0.8318	  	 	 	0.8217	  	 	 	0.8112	  	 	 	0.8004	  	 	 	0.7891	  	 	 	0.7773	  	 	 	0.7651	  	 	 	0.7524	  	 	 	0.7392	  	 	 	0.7256	  	 	 	0.7114	  	 	 	0.6967	  
	 	 	27	  	 	 	0.8705	  	 	 	0.8619	  	 	 	0.8530	  	 	 	0.8438	  	 	 	0.8342	  	 	 	0.8241	  	 	 	0.8137	  	 	 	0.8029	  	 	 	0.7916	  	 	 	0.7797	  	 	 	0.7675	  	 	 	0.7548	  	 	 	0.7416	  	 	 	0.7279	  	 	 	0.7137	  	 	 	0.6991	  
	 	 	28	  	 	 	0.8729	  	 	 	0.8644	  	 	 	0.8555	  	 	 	0.8463	  	 	 	0.8367	  	 	 	0.8267	  	 	 	0.8162	  	 	 	0.8054	  	 	 	0.7941	  	 	 	0.7823	  	 	 	0.7701	  	 	 	0.7574	  	 	 	0.7442	  	 	 	0.7304	  	 	 	0.7162	  	 	 	0.7015	  
	 	 	29	  	 	 	0.8754	  	 	 	0.8669	  	 	 	0.8581	  	 	 	0.8489	  	 	 	0.8393	  	 	 	0.8293	  	 	 	0.8189	  	 	 	0.8081	  	 	 	0.7968	  	 	 	0.7850	  	 	 	0.7728	  	 	 	0.7600	  	 	 	0.7468	  	 	 	0.7331	  	 	 	0.7188	  	 	 	0.7041	  
	 	 	30	  	 	 	0.8779	  	 	 	0.8695	  	 	 	0.8607	  	 	 	0.8515	  	 	 	0.8420	  	 	 	0.8320	  	 	 	0.8216	  	 	 	0.8108	  	 	 	0.7996	  	 	 	0.7878	  	 	 	0.7755	  	 	 	0.7628	  	 	 	0.7496	  	 	 	0.7359	  	 	 	0.7216	  	 	 	0.7068	  
	 	 	31	  	 	 	0.8806	  	 	 	0.8721	  	 	 	0.8635	  	 	 	0.8543	  	 	 	0.8448	  	 	 	0.8349	  	 	 	0.8245	  	 	 	0.8138	  	 	 	0.8025	  	 	 	0.7907	  	 	 	0.7785	  	 	 	0.7657	  	 	 	0.7525	  	 	 	0.7388	  	 	 	0.7244	  	 	 	0.7097	  
	 	 	32	  	 	 	0.8832	  	 	 	0.8749	  	 	 	0.8663	  	 	 	0.8572	  	 	 	0.8477	  	 	 	0.8378	  	 	 	0.8275	  	 	 	0.8167	  	 	 	0.8055	  	 	 	0.7937	  	 	 	0.7815	  	 	 	0.7688	  	 	 	0.7556	  	 	 	0.7418	  	 	 	0.7275	  	 	 	0.7127	  
	 	 	33	  	 	 	0.8860	  	 	 	0.8778	  	 	 	0.8692	  	 	 	0.8601	  	 	 	0.8507	  	 	 	0.8409	  	 	 	0.8306	  	 	 	0.8199	  	 	 	0.8086	  	 	 	0.7969	  	 	 	0.7847	  	 	 	0.7719	  	 	 	0.7587	  	 	 	0.7450	  	 	 	0.7306	  	 	 	0.7158	  
	 	 	34	  	 	 	0.8889	  	 	 	0.8807	  	 	 	0.8722	  	 	 	0.8632	  	 	 	0.8539	  	 	 	0.8440	  	 	 	0.8338	  	 	 	0.8231	  	 	 	0.8119	  	 	 	0.8002	  	 	 	0.7880	  	 	 	0.7753	  	 	 	0.7621	  	 	 	0.7483	  	 	 	0.7339	  	 	 	0.7191	  
	 	 	35	  	 	 	0.8918	  	 	 	0.8837	  	 	 	0.8752	  	 	 	0.8663	  	 	 	0.8571	  	 	 	0.8473	  	 	 	0.8371	  	 	 	0.8264	  	 	 	0.8153	  	 	 	0.8036	  	 	 	0.7914	  	 	 	0.7787	  	 	 	0.7655	  	 	 	0.7517	  	 	 	0.7374	  	 	 	0.7226	  
	 	 	36	  	 	 	0.8948	  	 	 	0.8868	  	 	 	0.8784	  	 	 	0.8696	  	 	 	0.8604	  	 	 	0.8506	  	 	 	0.8405	  	 	 	0.8299	  	 	 	0.8188	  	 	 	0.8072	  	 	 	0.7950	  	 	 	0.7823	  	 	 	0.7691	  	 	 	0.7553	  	 	 	0.7410	  	 	 	0.7261	  
	 	 	37	  	 	 	0.8978	  	 	 	0.8899	  	 	 	0.8816	  	 	 	0.8729	  	 	 	0.8638	  	 	 	0.8541	  	 	 	0.8440	  	 	 	0.8335	  	 	 	0.8225	  	 	 	0.8108	  	 	 	0.7987	  	 	 	0.7861	  	 	 	0.7729	  	 	 	0.7591	  	 	 	0.7448	  	 	 	0.7299	  
	 	 	38	  	 	 	0.9009	  	 	 	0.8931	  	 	 	0.8849	  	 	 	0.8763	  	 	 	0.8672	  	 	 	0.8576	  	 	 	0.8477	  	 	 	0.8372	  	 	 	0.8262	  	 	 	0.8146	  	 	 	0.8026	  	 	 	0.7899	  	 	 	0.7768	  	 	 	0.7631	  	 	 	0.7487	  	 	 	0.7338	  
	 	 	39	  	 	 	0.9040	  	 	 	0.8963	  	 	 	0.8883	  	 	 	0.8797	  	 	 	0.8708	  	 	 	0.8613	  	 	 	0.8514	  	 	 	0.8410	  	 	 	0.8301	  	 	 	0.8186	  	 	 	0.8066	  	 	 	0.7940	  	 	 	0.7809	  	 	 	0.7671	  	 	 	0.7528	  	 	 	0.7379	  
	 	 	40	  	 	 	0.9071	  	 	 	0.8996	  	 	 	0.8917	  	 	 	0.8833	  	 	 	0.8744	  	 	 	0.8650	  	 	 	0.8552	  	 	 	0.8450	  	 	 	0.8341	  	 	 	0.8227	  	 	 	0.8107	  	 	 	0.7982	  	 	 	0.7851	  	 	 	0.7714	  	 	 	0.7570	  	 	 	0.7422	  
	 	 	41	  	 	 	0.9103	  	 	 	0.9029	  	 	 	0.8951	  	 	 	0.8869	  	 	 	0.8781	  	 	 	0.8689	  	 	 	0.8592	  	 	 	0.8490	  	 	 	0.8382	  	 	 	0.8269	  	 	 	0.8150	  	 	 	0.8025	  	 	 	0.7895	  	 	 	0.7758	  	 	 	0.7615	  	 	 	0.7467	  
	 	 	42	  	 	 	0.9136	  	 	 	0.9063	  	 	 	0.8986	  	 	 	0.8905	  	 	 	0.8819	  	 	 	0.8728	  	 	 	0.8632	  	 	 	0.8531	  	 	 	0.8425	  	 	 	0.8312	  	 	 	0.8194	  	 	 	0.8070	  	 	 	0.7940	  	 	 	0.7804	  	 	 	0.7661	  	 	 	0.7513	  
	 	 	43	  	 	 	0.9168	  	 	 	0.9097	  	 	 	0.9022	  	 	 	0.8942	  	 	 	0.8857	  	 	 	0.8768	  	 	 	0.8673	  	 	 	0.8574	  	 	 	0.8468	  	 	 	0.8357	  	 	 	0.8240	  	 	 	0.8116	  	 	 	0.7987	  	 	 	0.7851	  	 	 	0.7709	  	 	 	0.7561	  
	 	 	44	  	 	 	0.9200	  	 	 	0.9131	  	 	 	0.9057	  	 	 	0.8979	  	 	 	0.8896	  	 	 	0.8808	  	 	 	0.8715	  	 	 	0.8617	  	 	 	0.8512	  	 	 	0.8402	  	 	 	0.8286	  	 	 	0.8164	  	 	 	0.8035	  	 	 	0.7900	  	 	 	0.7758	  	 	 	0.7611	  
	 	 	45	  	 	 	0.9232	  	 	 	0.9165	  	 	 	0.9093	  	 	 	0.9017	  	 	 	0.8935	  	 	 	0.8849	  	 	 	0.8757	  	 	 	0.8660	  	 	 	0.8558	  	 	 	0.8448	  	 	 	0.8334	  	 	 	0.8212	  	 	 	0.8085	  	 	 	0.7951	  	 	 	0.7810	  	 	 	0.7663	  
	 	 	46	  	 	 	0.9265	  	 	 	0.9199	  	 	 	0.9129	  	 	 	0.9054	  	 	 	0.8975	  	 	 	0.8890	  	 	 	0.8800	  	 	 	0.8705	  	 	 	0.8604	  	 	 	0.8496	  	 	 	0.8382	  	 	 	0.8262	  	 	 	0.8136	  	 	 	0.8003	  	 	 	0.7863	  	 	 	0.7716	  
	 	 	47	  	 	 	0.9297	  	 	 	0.9233	  	 	 	0.9165	  	 	 	0.9092	  	 	 	0.9015	  	 	 	0.8931	  	 	 	0.8843	  	 	 	0.8750	  	 	 	0.8650	  	 	 	0.8544	  	 	 	0.8432	  	 	 	0.8313	  	 	 	0.8188	  	 	 	0.8056	  	 	 	0.7917	  	 	 	0.7771	  
	 	 	48	  	 	 	0.9328	  	 	 	0.9267	  	 	 	0.9200	  	 	 	0.9129	  	 	 	0.9054	  	 	 	0.8973	  	 	 	0.8887	  	 	 	0.8795	  	 	 	0.8697	  	 	 	0.8593	  	 	 	0.8483	  	 	 	0.8366	  	 	 	0.8242	  	 	 	0.8111	  	 	 	0.7973	  	 	 	0.7828	  
	 	 	49	  	 	 	0.9359	  	 	 	0.9300	  	 	 	0.9236	  	 	 	0.9167	  	 	 	0.9094	  	 	 	0.9015	  	 	 	0.8930	  	 	 	0.8841	  	 	 	0.8745	  	 	 	0.8643	  	 	 	0.8534	  	 	 	0.8419	  	 	 	0.8296	  	 	 	0.8167	  	 	 	0.8030	  	 	 	0.7887	  
	 	 	50	  	 	 	0.9390	  	 	 	0.9333	  	 	 	0.9271	  	 	 	0.9204	  	 	 	0.9133	  	 	 	0.9056	  	 	 	0.8974	  	 	 	0.8887	  	 	 	0.8794	  	 	 	0.8693	  	 	 	0.8587	  	 	 	0.8473	  	 	 	0.8352	  	 	 	0.8224	  	 	 	0.8089	  	 	 	0.7947	  
	 	 	51	  	 	 	0.9420	  	 	 	0.9365	  	 	 	0.9306	  	 	 	0.9241	  	 	 	0.9172	  	 	 	0.9098	  	 	 	0.9019	  	 	 	0.8933	  	 	 	0.8842	  	 	 	0.8744	  	 	 	0.8639	  	 	 	0.8528	  	 	 	0.8409	  	 	 	0.8283	  	 	 	0.8149	  	 	 	0.8008	  
	 	 	52	  	 	 	0.9451	  	 	 	0.9397	  	 	 	0.9340	  	 	 	0.9278	  	 	 	0.9211	  	 	 	0.9140	  	 	 	0.9062	  	 	 	0.8980	  	 	 	0.8891	  	 	 	0.8795	  	 	 	0.8692	  	 	 	0.8583	  	 	 	0.8466	  	 	 	0.8342	  	 	 	0.8210	  	 	 	0.8071	  

  
 80 

 APPENDICES 
  

 Sub appendix A. 2 

Table G – 
 For
Distributions Beginning On And After July 1, 2004 
 100% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	53	  	 	 	0.9479	  	 	 	0.9428	  	 	 	0.9373	  	 	 	0.9314	  	 	 	0.9250	  	 	 	0.9180	  	 	 	0.9106	  	 	 	0.9026	  	 	 	0.8939	  	 	 	0.8846	  	 	 	0.8746	  	 	 	0.8639	  	 	 	0.8525	  	 	 	0.8403	  	 	 	0.8273	  	 	 	0.8135	  
	 	 	54	  	 	 	0.9508	  	 	 	0.9459	  	 	 	0.9406	  	 	 	0.9349	  	 	 	0.9288	  	 	 	0.9221	  	 	 	0.9149	  	 	 	0.9071	  	 	 	0.8988	  	 	 	0.8897	  	 	 	0.8800	  	 	 	0.8695	  	 	 	0.8584	  	 	 	0.8464	  	 	 	0.8336	  	 	 	0.8201	  
	 	 	55	  	 	 	0.9536	  	 	 	0.9489	  	 	 	0.9439	  	 	 	0.9384	  	 	 	0.9325	  	 	 	0.9261	  	 	 	0.9191	  	 	 	0.9117	  	 	 	0.9036	  	 	 	0.8948	  	 	 	0.8854	  	 	 	0.8752	  	 	 	0.8643	  	 	 	0.8526	  	 	 	0.8401	  	 	 	0.8268	  
	 	 	56	  	 	 	0.9562	  	 	 	0.9518	  	 	 	0.9470	  	 	 	0.9418	  	 	 	0.9362	  	 	 	0.9300	  	 	 	0.9234	  	 	 	0.9162	  	 	 	0.9084	  	 	 	0.8999	  	 	 	0.8907	  	 	 	0.8808	  	 	 	0.8703	  	 	 	0.8588	  	 	 	0.8465	  	 	 	0.8335	  
	 	 	57	  	 	 	0.9589	  	 	 	0.9547	  	 	 	0.9501	  	 	 	0.9452	  	 	 	0.9398	  	 	 	0.9339	  	 	 	0.9275	  	 	 	0.9206	  	 	 	0.9131	  	 	 	0.9049	  	 	 	0.8961	  	 	 	0.8865	  	 	 	0.8762	  	 	 	0.8651	  	 	 	0.8531	  	 	 	0.8403	  
	 	 	58	  	 	 	0.9614	  	 	 	0.9574	  	 	 	0.9531	  	 	 	0.9484	  	 	 	0.9433	  	 	 	0.9377	  	 	 	0.9316	  	 	 	0.9251	  	 	 	0.9178	  	 	 	0.9099	  	 	 	0.9014	  	 	 	0.8922	  	 	 	0.8822	  	 	 	0.8714	  	 	 	0.8597	  	 	 	0.8472	  
	 	 	59	  	 	 	0.9638	  	 	 	0.9600	  	 	 	0.9560	  	 	 	0.9516	  	 	 	0.9467	  	 	 	0.9414	  	 	 	0.9356	  	 	 	0.9293	  	 	 	0.9224	  	 	 	0.9149	  	 	 	0.9067	  	 	 	0.8978	  	 	 	0.8881	  	 	 	0.8777	  	 	 	0.8663	  	 	 	0.8542	  
	 	 	60	  	 	 	0.9662	  	 	 	0.9626	  	 	 	0.9588	  	 	 	0.9546	  	 	 	0.9500	  	 	 	0.9449	  	 	 	0.9395	  	 	 	0.9335	  	 	 	0.9269	  	 	 	0.9198	  	 	 	0.9119	  	 	 	0.9034	  	 	 	0.8941	  	 	 	0.8839	  	 	 	0.8729	  	 	 	0.8612	  
	 	 	61	  	 	 	0.9685	  	 	 	0.9651	  	 	 	0.9615	  	 	 	0.9576	  	 	 	0.9533	  	 	 	0.9484	  	 	 	0.9432	  	 	 	0.9376	  	 	 	0.9314	  	 	 	0.9245	  	 	 	0.9170	  	 	 	0.9088	  	 	 	0.8998	  	 	 	0.8901	  	 	 	0.8795	  	 	 	0.8681	  
	 	 	62	  	 	 	0.9706	  	 	 	0.9675	  	 	 	0.9641	  	 	 	0.9603	  	 	 	0.9563	  	 	 	0.9518	  	 	 	0.9469	  	 	 	0.9416	  	 	 	0.9356	  	 	 	0.9291	  	 	 	0.9220	  	 	 	0.9142	  	 	 	0.9056	  	 	 	0.8963	  	 	 	0.8860	  	 	 	0.8750	  
	 	 	63	  	 	 	0.9727	  	 	 	0.9697	  	 	 	0.9666	  	 	 	0.9631	  	 	 	0.9593	  	 	 	0.9551	  	 	 	0.9504	  	 	 	0.9454	  	 	 	0.9398	  	 	 	0.9336	  	 	 	0.9269	  	 	 	0.9194	  	 	 	0.9112	  	 	 	0.9023	  	 	 	0.8925	  	 	 	0.8819	  
	 	 	64	  	 	 	0.9746	  	 	 	0.9719	  	 	 	0.9689	  	 	 	0.9657	  	 	 	0.9621	  	 	 	0.9582	  	 	 	0.9539	  	 	 	0.9491	  	 	 	0.9439	  	 	 	0.9380	  	 	 	0.9316	  	 	 	0.9245	  	 	 	0.9168	  	 	 	0.9083	  	 	 	0.8988	  	 	 	0.8887	  
	 	 	65	  	 	 	0.9765	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9681	  	 	 	0.9648	  	 	 	0.9611	  	 	 	0.9571	  	 	 	0.9527	  	 	 	0.9478	  	 	 	0.9422	  	 	 	0.9362	  	 	 	0.9295	  	 	 	0.9221	  	 	 	0.9141	  	 	 	0.9051	  	 	 	0.8953	  
	 	 	66	  	 	 	0.9783	  	 	 	0.9759	  	 	 	0.9733	  	 	 	0.9705	  	 	 	0.9674	  	 	 	0.9640	  	 	 	0.9602	  	 	 	0.9561	  	 	 	0.9515	  	 	 	0.9463	  	 	 	0.9407	  	 	 	0.9344	  	 	 	0.9274	  	 	 	0.9197	  	 	 	0.9111	  	 	 	0.9019	  
	 	 	67	  	 	 	0.9799	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9727	  	 	 	0.9699	  	 	 	0.9667	  	 	 	0.9631	  	 	 	0.9594	  	 	 	0.9550	  	 	 	0.9502	  	 	 	0.9449	  	 	 	0.9390	  	 	 	0.9324	  	 	 	0.9251	  	 	 	0.9170	  	 	 	0.9082	  
	 	 	68	  	 	 	0.9815	  	 	 	0.9795	  	 	 	0.9773	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9692	  	 	 	0.9660	  	 	 	0.9625	  	 	 	0.9584	  	 	 	0.9539	  	 	 	0.9489	  	 	 	0.9434	  	 	 	0.9372	  	 	 	0.9304	  	 	 	0.9228	  	 	 	0.9144	  
	 	 	69	  	 	 	0.9830	  	 	 	0.9811	  	 	 	0.9791	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9717	  	 	 	0.9687	  	 	 	0.9654	  	 	 	0.9617	  	 	 	0.9574	  	 	 	0.9528	  	 	 	0.9477	  	 	 	0.9419	  	 	 	0.9355	  	 	 	0.9283	  	 	 	0.9204	  
	 	 	70	  	 	 	0.9844	  	 	 	0.9826	  	 	 	0.9807	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9681	  	 	 	0.9647	  	 	 	0.9608	  	 	 	0.9565	  	 	 	0.9517	  	 	 	0.9463	  	 	 	0.9403	  	 	 	0.9336	  	 	 	0.9261	  
	 	 	71	  	 	 	0.9857	  	 	 	0.9841	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9784	  	 	 	0.9761	  	 	 	0.9735	  	 	 	0.9707	  	 	 	0.9676	  	 	 	0.9639	  	 	 	0.9600	  	 	 	0.9555	  	 	 	0.9505	  	 	 	0.9449	  	 	 	0.9386	  	 	 	0.9317	  
	 	 	72	  	 	 	0.9869	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9732	  	 	 	0.9703	  	 	 	0.9669	  	 	 	0.9633	  	 	 	0.9592	  	 	 	0.9545	  	 	 	0.9493	  	 	 	0.9435	  	 	 	0.9370	  
	 	 	73	  	 	 	0.9881	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9836	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9728	  	 	 	0.9698	  	 	 	0.9663	  	 	 	0.9625	  	 	 	0.9583	  	 	 	0.9535	  	 	 	0.9480	  	 	 	0.9420	  
	 	 	74	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9866	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9776	  	 	 	0.9751	  	 	 	0.9724	  	 	 	0.9693	  	 	 	0.9658	  	 	 	0.9618	  	 	 	0.9574	  	 	 	0.9523	  	 	 	0.9467	  
	 	 	75	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9773	  	 	 	0.9748	  	 	 	0.9720	  	 	 	0.9688	  	 	 	0.9652	  	 	 	0.9611	  	 	 	0.9564	  	 	 	0.9512	  
	 	 	76	  	 	 	0.9910	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9794	  	 	 	0.9771	  	 	 	0.9745	  	 	 	0.9715	  	 	 	0.9683	  	 	 	0.9645	  	 	 	0.9602	  	 	 	0.9554	  
	 	 	77	  	 	 	0.9918	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9792	  	 	 	0.9768	  	 	 	0.9742	  	 	 	0.9712	  	 	 	0.9678	  	 	 	0.9638	  	 	 	0.9594	  
	 	 	78	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9830	  	 	 	0.9811	  	 	 	0.9790	  	 	 	0.9766	  	 	 	0.9738	  	 	 	0.9707	  	 	 	0.9671	  	 	 	0.9630	  
	 	 	79	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9846	  	 	 	0.9829	  	 	 	0.9810	  	 	 	0.9788	  	 	 	0.9763	  	 	 	0.9735	  	 	 	0.9702	  	 	 	0.9665	  
	 	 	80	  	 	 	0.9940	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9808	  	 	 	0.9785	  	 	 	0.9759	  	 	 	0.9730	  	 	 	0.9696	  
	 	 	81	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9827	  	 	 	0.9806	  	 	 	0.9783	  	 	 	0.9755	  	 	 	0.9725	  
	 	 	82	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9887	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9844	  	 	 	0.9825	  	 	 	0.9804	  	 	 	0.9779	  	 	 	0.9752	  
	 	 	83	  	 	 	0.9956	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9874	  	 	 	0.9859	  	 	 	0.9843	  	 	 	0.9824	  	 	 	0.9802	  	 	 	0.9776	  
	 	 	84	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9886	  	 	 	0.9873	  	 	 	0.9858	  	 	 	0.9842	  	 	 	0.9821	  	 	 	0.9799	  
	 	 	85	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9873	  	 	 	0.9858	  	 	 	0.9840	  	 	 	0.9820	  

  
 81 

 APPENDICES 
  

 Sub appendix A. 2 

Table G – 
 For
Distributions Beginning On And After July 1, 2004 
 100% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																													
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	20	  	 	 	0.6699	  	 	 	0.6546	  	 	 	0.6388	  	 	 	0.6228	  	 	 	0.6063	  	 	 	0.5897	  	 	 	0.5728	  	 	 	0.5557	  	 	 	0.5385	  	 	 	0.5211	  	 	 	0.5037	  	 	 	0.4861	  	 	 	0.4686	  	 	 	0.4511	  
	 	 	21	  	 	 	0.6716	  	 	 	0.6563	  	 	 	0.6405	  	 	 	0.6244	  	 	 	0.6079	  	 	 	0.5912	  	 	 	0.5743	  	 	 	0.5572	  	 	 	0.5399	  	 	 	0.5225	  	 	 	0.5050	  	 	 	0.4874	  	 	 	0.4699	  	 	 	0.4523	  
	 	 	22	  	 	 	0.6734	  	 	 	0.6581	  	 	 	0.6422	  	 	 	0.6261	  	 	 	0.6096	  	 	 	0.5928	  	 	 	0.5759	  	 	 	0.5587	  	 	 	0.5414	  	 	 	0.5240	  	 	 	0.5065	  	 	 	0.4888	  	 	 	0.4712	  	 	 	0.4536	  
	 	 	23	  	 	 	0.6753	  	 	 	0.6599	  	 	 	0.6441	  	 	 	0.6279	  	 	 	0.6113	  	 	 	0.5945	  	 	 	0.5776	  	 	 	0.5604	  	 	 	0.5430	  	 	 	0.5255	  	 	 	0.5079	  	 	 	0.4902	  	 	 	0.4726	  	 	 	0.4549	  
	 	 	24	  	 	 	0.6773	  	 	 	0.6619	  	 	 	0.6460	  	 	 	0.6298	  	 	 	0.6132	  	 	 	0.5964	  	 	 	0.5793	  	 	 	0.5621	  	 	 	0.5447	  	 	 	0.5272	  	 	 	0.5095	  	 	 	0.4918	  	 	 	0.4741	  	 	 	0.4564	  
	 	 	25	  	 	 	0.6794	  	 	 	0.6639	  	 	 	0.6480	  	 	 	0.6318	  	 	 	0.6151	  	 	 	0.5983	  	 	 	0.5812	  	 	 	0.5639	  	 	 	0.5464	  	 	 	0.5289	  	 	 	0.5112	  	 	 	0.4934	  	 	 	0.4756	  	 	 	0.4579	  
	 	 	26	  	 	 	0.6816	  	 	 	0.6661	  	 	 	0.6502	  	 	 	0.6339	  	 	 	0.6172	  	 	 	0.6003	  	 	 	0.5832	  	 	 	0.5658	  	 	 	0.5483	  	 	 	0.5307	  	 	 	0.5130	  	 	 	0.4951	  	 	 	0.4773	  	 	 	0.4595	  
	 	 	27	  	 	 	0.6840	  	 	 	0.6684	  	 	 	0.6524	  	 	 	0.6361	  	 	 	0.6193	  	 	 	0.6024	  	 	 	0.5852	  	 	 	0.5678	  	 	 	0.5503	  	 	 	0.5326	  	 	 	0.5148	  	 	 	0.4969	  	 	 	0.4790	  	 	 	0.4611	  
	 	 	28	  	 	 	0.6864	  	 	 	0.6708	  	 	 	0.6548	  	 	 	0.6384	  	 	 	0.6216	  	 	 	0.6046	  	 	 	0.5874	  	 	 	0.5700	  	 	 	0.5524	  	 	 	0.5346	  	 	 	0.5168	  	 	 	0.4988	  	 	 	0.4809	  	 	 	0.4629	  
	 	 	29	  	 	 	0.6889	  	 	 	0.6733	  	 	 	0.6573	  	 	 	0.6408	  	 	 	0.6240	  	 	 	0.6070	  	 	 	0.5897	  	 	 	0.5722	  	 	 	0.5545	  	 	 	0.5367	  	 	 	0.5188	  	 	 	0.5008	  	 	 	0.4828	  	 	 	0.4648	  
	 	 	30	  	 	 	0.6917	  	 	 	0.6760	  	 	 	0.6599	  	 	 	0.6434	  	 	 	0.6266	  	 	 	0.6095	  	 	 	0.5921	  	 	 	0.5746	  	 	 	0.5568	  	 	 	0.5390	  	 	 	0.5210	  	 	 	0.5029	  	 	 	0.4849	  	 	 	0.4668	  
	 	 	31	  	 	 	0.6945	  	 	 	0.6788	  	 	 	0.6626	  	 	 	0.6461	  	 	 	0.6292	  	 	 	0.6121	  	 	 	0.5947	  	 	 	0.5771	  	 	 	0.5593	  	 	 	0.5414	  	 	 	0.5233	  	 	 	0.5051	  	 	 	0.4870	  	 	 	0.4689	  
	 	 	32	  	 	 	0.6974	  	 	 	0.6817	  	 	 	0.6655	  	 	 	0.6490	  	 	 	0.6320	  	 	 	0.6148	  	 	 	0.5974	  	 	 	0.5797	  	 	 	0.5618	  	 	 	0.5439	  	 	 	0.5258	  	 	 	0.5075	  	 	 	0.4893	  	 	 	0.4711	  
	 	 	33	  	 	 	0.7005	  	 	 	0.6848	  	 	 	0.6686	  	 	 	0.6520	  	 	 	0.6350	  	 	 	0.6177	  	 	 	0.6002	  	 	 	0.5825	  	 	 	0.5645	  	 	 	0.5465	  	 	 	0.5283	  	 	 	0.5100	  	 	 	0.4917	  	 	 	0.4734	  
	 	 	34	  	 	 	0.7038	  	 	 	0.6880	  	 	 	0.6717	  	 	 	0.6551	  	 	 	0.6380	  	 	 	0.6207	  	 	 	0.6032	  	 	 	0.5854	  	 	 	0.5674	  	 	 	0.5493	  	 	 	0.5310	  	 	 	0.5126	  	 	 	0.4942	  	 	 	0.4759	  
	 	 	35	  	 	 	0.7072	  	 	 	0.6914	  	 	 	0.6751	  	 	 	0.6584	  	 	 	0.6413	  	 	 	0.6239	  	 	 	0.6063	  	 	 	0.5885	  	 	 	0.5704	  	 	 	0.5522	  	 	 	0.5339	  	 	 	0.5154	  	 	 	0.4969	  	 	 	0.4785	  
	 	 	36	  	 	 	0.7108	  	 	 	0.6949	  	 	 	0.6786	  	 	 	0.6619	  	 	 	0.6447	  	 	 	0.6273	  	 	 	0.6096	  	 	 	0.5917	  	 	 	0.5735	  	 	 	0.5553	  	 	 	0.5369	  	 	 	0.5183	  	 	 	0.4998	  	 	 	0.4812	  
	 	 	37	  	 	 	0.7145	  	 	 	0.6986	  	 	 	0.6823	  	 	 	0.6655	  	 	 	0.6483	  	 	 	0.6308	  	 	 	0.6131	  	 	 	0.5951	  	 	 	0.5769	  	 	 	0.5585	  	 	 	0.5400	  	 	 	0.5214	  	 	 	0.5028	  	 	 	0.4841	  
	 	 	38	  	 	 	0.7184	  	 	 	0.7025	  	 	 	0.6861	  	 	 	0.6693	  	 	 	0.6521	  	 	 	0.6345	  	 	 	0.6168	  	 	 	0.5987	  	 	 	0.5804	  	 	 	0.5620	  	 	 	0.5434	  	 	 	0.5246	  	 	 	0.5059	  	 	 	0.4872	  
	 	 	39	  	 	 	0.7225	  	 	 	0.7066	  	 	 	0.6902	  	 	 	0.6733	  	 	 	0.6560	  	 	 	0.6384	  	 	 	0.6206	  	 	 	0.6024	  	 	 	0.5841	  	 	 	0.5656	  	 	 	0.5469	  	 	 	0.5281	  	 	 	0.5093	  	 	 	0.4904	  
	 	 	40	  	 	 	0.7268	  	 	 	0.7108	  	 	 	0.6944	  	 	 	0.6775	  	 	 	0.6602	  	 	 	0.6425	  	 	 	0.6246	  	 	 	0.6064	  	 	 	0.5880	  	 	 	0.5694	  	 	 	0.5506	  	 	 	0.5317	  	 	 	0.5128	  	 	 	0.4938	  
	 	 	41	  	 	 	0.7312	  	 	 	0.7153	  	 	 	0.6988	  	 	 	0.6819	  	 	 	0.6646	  	 	 	0.6468	  	 	 	0.6289	  	 	 	0.6106	  	 	 	0.5920	  	 	 	0.5734	  	 	 	0.5545	  	 	 	0.5355	  	 	 	0.5165	  	 	 	0.4974	  
	 	 	42	  	 	 	0.7359	  	 	 	0.7199	  	 	 	0.7035	  	 	 	0.6865	  	 	 	0.6691	  	 	 	0.6513	  	 	 	0.6333	  	 	 	0.6150	  	 	 	0.5963	  	 	 	0.5776	  	 	 	0.5586	  	 	 	0.5395	  	 	 	0.5204	  	 	 	0.5012	  
	 	 	43	  	 	 	0.7407	  	 	 	0.7248	  	 	 	0.7083	  	 	 	0.6913	  	 	 	0.6739	  	 	 	0.6560	  	 	 	0.6380	  	 	 	0.6196	  	 	 	0.6008	  	 	 	0.5820	  	 	 	0.5630	  	 	 	0.5438	  	 	 	0.5245	  	 	 	0.5052	  
	 	 	44	  	 	 	0.7457	  	 	 	0.7298	  	 	 	0.7133	  	 	 	0.6963	  	 	 	0.6788	  	 	 	0.6610	  	 	 	0.6428	  	 	 	0.6244	  	 	 	0.6056	  	 	 	0.5867	  	 	 	0.5675	  	 	 	0.5482	  	 	 	0.5288	  	 	 	0.5094	  
	 	 	45	  	 	 	0.7509	  	 	 	0.7350	  	 	 	0.7185	  	 	 	0.7015	  	 	 	0.6840	  	 	 	0.6661	  	 	 	0.6480	  	 	 	0.6294	  	 	 	0.6106	  	 	 	0.5915	  	 	 	0.5723	  	 	 	0.5529	  	 	 	0.5334	  	 	 	0.5139	  
	 	 	46	  	 	 	0.7563	  	 	 	0.7404	  	 	 	0.7240	  	 	 	0.7070	  	 	 	0.6895	  	 	 	0.6716	  	 	 	0.6533	  	 	 	0.6347	  	 	 	0.6158	  	 	 	0.5967	  	 	 	0.5774	  	 	 	0.5578	  	 	 	0.5382	  	 	 	0.5185	  
	 	 	47	  	 	 	0.7619	  	 	 	0.7460	  	 	 	0.7296	  	 	 	0.7126	  	 	 	0.6951	  	 	 	0.6772	  	 	 	0.6589	  	 	 	0.6402	  	 	 	0.6212	  	 	 	0.6020	  	 	 	0.5826	  	 	 	0.5630	  	 	 	0.5433	  	 	 	0.5235	  
	 	 	48	  	 	 	0.7676	  	 	 	0.7519	  	 	 	0.7355	  	 	 	0.7185	  	 	 	0.7010	  	 	 	0.6830	  	 	 	0.6647	  	 	 	0.6460	  	 	 	0.6269	  	 	 	0.6077	  	 	 	0.5881	  	 	 	0.5684	  	 	 	0.5486	  	 	 	0.5286	  
	 	 	49	  	 	 	0.7736	  	 	 	0.7579	  	 	 	0.7415	  	 	 	0.7246	  	 	 	0.7070	  	 	 	0.6891	  	 	 	0.6708	  	 	 	0.6520	  	 	 	0.6329	  	 	 	0.6135	  	 	 	0.5939	  	 	 	0.5740	  	 	 	0.5541	  	 	 	0.5341	  
	 	 	50	  	 	 	0.7797	  	 	 	0.7641	  	 	 	0.7478	  	 	 	0.7309	  	 	 	0.7134	  	 	 	0.6954	  	 	 	0.6771	  	 	 	0.6583	  	 	 	0.6391	  	 	 	0.6197	  	 	 	0.6000	  	 	 	0.5800	  	 	 	0.5600	  	 	 	0.5398	  
	 	 	51	  	 	 	0.7860	  	 	 	0.7705	  	 	 	0.7543	  	 	 	0.7374	  	 	 	0.7200	  	 	 	0.7020	  	 	 	0.6837	  	 	 	0.6648	  	 	 	0.6456	  	 	 	0.6261	  	 	 	0.6063	  	 	 	0.5863	  	 	 	0.5661	  	 	 	0.5458	  
	 	 	52	  	 	 	0.7924	  	 	 	0.7770	  	 	 	0.7609	  	 	 	0.7441	  	 	 	0.7268	  	 	 	0.7088	  	 	 	0.6905	  	 	 	0.6717	  	 	 	0.6524	  	 	 	0.6329	  	 	 	0.6130	  	 	 	0.5928	  	 	 	0.5725	  	 	 	0.5521	  

  
 82 

 APPENDICES 
  

 Sub appendix A. 2 

Table G – 
 For
Distributions Beginning On And After July 1, 2004 
 100% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																													
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	53	  	 	 	0.7990	  	 	 	0.7838	  	 	 	0.7678	  	 	 	0.7511	  	 	 	0.7338	  	 	 	0.7160	  	 	 	0.6976	  	 	 	0.6788	  	 	 	0.6595	  	 	 	0.6399	  	 	 	0.6200	  	 	 	0.5997	  	 	 	0.5793	  	 	 	0.5587	  
	 	 	54	  	 	 	0.8057	  	 	 	0.7907	  	 	 	0.7748	  	 	 	0.7583	  	 	 	0.7411	  	 	 	0.7233	  	 	 	0.7050	  	 	 	0.6862	  	 	 	0.6669	  	 	 	0.6473	  	 	 	0.6273	  	 	 	0.6069	  	 	 	0.5864	  	 	 	0.5657	  
	 	 	55	  	 	 	0.8126	  	 	 	0.7977	  	 	 	0.7820	  	 	 	0.7656	  	 	 	0.7486	  	 	 	0.7309	  	 	 	0.7126	  	 	 	0.6939	  	 	 	0.6746	  	 	 	0.6549	  	 	 	0.6349	  	 	 	0.6145	  	 	 	0.5939	  	 	 	0.5731	  
	 	 	56	  	 	 	0.8196	  	 	 	0.8049	  	 	 	0.7895	  	 	 	0.7732	  	 	 	0.7563	  	 	 	0.7387	  	 	 	0.7205	  	 	 	0.7018	  	 	 	0.6826	  	 	 	0.6629	  	 	 	0.6429	  	 	 	0.6224	  	 	 	0.6017	  	 	 	0.5808	  
	 	 	57	  	 	 	0.8267	  	 	 	0.8123	  	 	 	0.7970	  	 	 	0.7810	  	 	 	0.7642	  	 	 	0.7468	  	 	 	0.7287	  	 	 	0.7101	  	 	 	0.6909	  	 	 	0.6713	  	 	 	0.6512	  	 	 	0.6306	  	 	 	0.6099	  	 	 	0.5889	  
	 	 	58	  	 	 	0.8339	  	 	 	0.8197	  	 	 	0.8047	  	 	 	0.7889	  	 	 	0.7723	  	 	 	0.7550	  	 	 	0.7372	  	 	 	0.7186	  	 	 	0.6995	  	 	 	0.6799	  	 	 	0.6599	  	 	 	0.6393	  	 	 	0.6185	  	 	 	0.5974	  
	 	 	59	  	 	 	0.8412	  	 	 	0.8273	  	 	 	0.8126	  	 	 	0.7970	  	 	 	0.7807	  	 	 	0.7636	  	 	 	0.7459	  	 	 	0.7275	  	 	 	0.7084	  	 	 	0.6889	  	 	 	0.6689	  	 	 	0.6483	  	 	 	0.6275	  	 	 	0.6063	  
	 	 	60	  	 	 	0.8485	  	 	 	0.8349	  	 	 	0.8205	  	 	 	0.8053	  	 	 	0.7891	  	 	 	0.7723	  	 	 	0.7548	  	 	 	0.7365	  	 	 	0.7176	  	 	 	0.6982	  	 	 	0.6783	  	 	 	0.6577	  	 	 	0.6368	  	 	 	0.6156	  
	 	 	61	  	 	 	0.8352	  	 	 	0.8426	  	 	 	0.8285	  	 	 	0.8136	  	 	 	0.7978	  	 	 	0.7811	  	 	 	0.7639	  	 	 	0.7459	  	 	 	0.7271	  	 	 	0.7078	  	 	 	0.6880	  	 	 	0.6674	  	 	 	0.6466	  	 	 	0.6253	  
	 	 	62	  	 	 	0.8631	  	 	 	0.8503	  	 	 	0.8366	  	 	 	0.8220	  	 	 	0.8065	  	 	 	0.7902	  	 	 	0.7732	  	 	 	0.7554	  	 	 	0.7369	  	 	 	0.7177	  	 	 	0.6979	  	 	 	0.6775	  	 	 	0.6567	  	 	 	0.6354	  
	 	 	63	  	 	 	0.8704	  	 	 	0.8580	  	 	 	0.8446	  	 	 	0.8305	  	 	 	0.8153	  	 	 	0.7994	  	 	 	0.7826	  	 	 	0.7651	  	 	 	0.7468	  	 	 	0.7279	  	 	 	0.7083	  	 	 	0.6879	  	 	 	0.6672	  	 	 	0.6459	  
	 	 	64	  	 	 	0.8776	  	 	 	0.8656	  	 	 	0.8527	  	 	 	0.8389	  	 	 	0.8242	  	 	 	0.8086	  	 	 	0.7922	  	 	 	0.7750	  	 	 	0.7569	  	 	 	0.7383	  	 	 	0.7188	  	 	 	0.6986	  	 	 	0.6780	  	 	 	0.6568	  
	 	 	65	  	 	 	0.8847	  	 	 	0.8732	  	 	 	0.8607	  	 	 	0.8474	  	 	 	0.8330	  	 	 	0.8178	  	 	 	0.8019	  	 	 	0.7849	  	 	 	0.7672	  	 	 	0.7488	  	 	 	0.7296	  	 	 	0.7097	  	 	 	0.6891	  	 	 	0.6680	  
	 	 	66	  	 	 	0.8917	  	 	 	0.8807	  	 	 	0.8687	  	 	 	0.8557	  	 	 	0.8419	  	 	 	0.8271	  	 	 	0.8115	  	 	 	0.7951	  	 	 	0.7777	  	 	 	0.7596	  	 	 	0.7406	  	 	 	0.7209	  	 	 	0.7006	  	 	 	0.6796	  
	 	 	67	  	 	 	0.8985	  	 	 	0.8880	  	 	 	0.8764	  	 	 	0.8640	  	 	 	0.8506	  	 	 	0.8363	  	 	 	0.8212	  	 	 	0.8051	  	 	 	0.7882	  	 	 	0.7704	  	 	 	0.7518	  	 	 	0.7323	  	 	 	0.7122	  	 	 	0.6914	  
	 	 	68	  	 	 	0.9052	  	 	 	0.8951	  	 	 	0.8841	  	 	 	0.8722	  	 	 	0.8592	  	 	 	0.8455	  	 	 	0.8308	  	 	 	0.8152	  	 	 	0.7987	  	 	 	0.7813	  	 	 	0.7631	  	 	 	0.7439	  	 	 	0.7241	  	 	 	0.7035	  
	 	 	69	  	 	 	0.9117	  	 	 	0.9021	  	 	 	0.8916	  	 	 	0.8802	  	 	 	0.8678	  	 	 	0.8545	  	 	 	0.8404	  	 	 	0.8253	  	 	 	0.8092	  	 	 	0.7923	  	 	 	0.7745	  	 	 	0.7556	  	 	 	0.7361	  	 	 	0.7158	  
	 	 	70	  	 	 	0.9179	  	 	 	0.9088	  	 	 	0.8988	  	 	 	0.8880	  	 	 	0.8761	  	 	 	0.8634	  	 	 	0.8498	  	 	 	0.8353	  	 	 	0.8197	  	 	 	0.8033	  	 	 	0.7858	  	 	 	0.7674	  	 	 	0.7483	  	 	 	0.7283	  
	 	 	71	  	 	 	0.9239	  	 	 	0.9153	  	 	 	0.9059	  	 	 	0.8956	  	 	 	0.8843	  	 	 	0.8721	  	 	 	0.8591	  	 	 	0.8451	  	 	 	0.8301	  	 	 	0.8141	  	 	 	0.7972	  	 	 	0.7793	  	 	 	0.7605	  	 	 	0.7409	  
	 	 	72	  	 	 	0.9297	  	 	 	0.9216	  	 	 	0.9127	  	 	 	0.9030	  	 	 	0.8922	  	 	 	0.8807	  	 	 	0.8683	  	 	 	0.8548	  	 	 	0.8403	  	 	 	0.8249	  	 	 	0.8085	  	 	 	0.7911	  	 	 	0.7729	  	 	 	0.7536	  
	 	 	73	  	 	 	0.9352	  	 	 	0.9276	  	 	 	0.9193	  	 	 	0.9101	  	 	 	0.8999	  	 	 	0.8889	  	 	 	0.8771	  	 	 	0.8642	  	 	 	0.8504	  	 	 	0.8356	  	 	 	0.8198	  	 	 	0.8029	  	 	 	0.7851	  	 	 	0.7664	  
	 	 	74	  	 	 	0.9404	  	 	 	0.9334	  	 	 	0.9256	  	 	 	0.9169	  	 	 	0.9073	  	 	 	0.8970	  	 	 	0.8857	  	 	 	0.8735	  	 	 	0.8602	  	 	 	0.8460	  	 	 	0.8309	  	 	 	0.8146	  	 	 	0.7974	  	 	 	0.7791	  
	 	 	75	  	 	 	0.9454	  	 	 	0.9388	  	 	 	0.9315	  	 	 	0.9234	  	 	 	0.9144	  	 	 	0.9046	  	 	 	0.8940	  	 	 	0.8824	  	 	 	0.8698	  	 	 	0.8563	  	 	 	0.8418	  	 	 	0.8261	  	 	 	0.8094	  	 	 	0.7918	  
	 	 	76	  	 	 	0.9500	  	 	 	0.9439	  	 	 	0.9372	  	 	 	0.9296	  	 	 	0.9212	  	 	 	0.9120	  	 	 	0.9020	  	 	 	0.8910	  	 	 	0.8791	  	 	 	0.8662	  	 	 	0.8524	  	 	 	0.8373	  	 	 	0.8213	  	 	 	0.8043	  
	 	 	77	  	 	 	0.9544	  	 	 	0.9488	  	 	 	0.9424	  	 	 	0.9355	  	 	 	0.9276	  	 	 	0.9190	  	 	 	0.9097	  	 	 	0.8993	  	 	 	0.8880	  	 	 	0.8758	  	 	 	0.8626	  	 	 	0.8482	  	 	 	0.8329	  	 	 	0.8165	  
	 	 	78	  	 	 	0.9584	  	 	 	0.9533	  	 	 	0.9475	  	 	 	0.9410	  	 	 	0.9337	  	 	 	0.9257	  	 	 	0.9169	  	 	 	0.9072	  	 	 	0.8966	  	 	 	0.8851	  	 	 	0.8726	  	 	 	0.8589	  	 	 	0.8442	  	 	 	0.8285	  
	 	 	79	  	 	 	0.9622	  	 	 	0.9575	  	 	 	0.9522	  	 	 	0.9461	  	 	 	0.9394	  	 	 	0.9319	  	 	 	0.9237	  	 	 	0.9147	  	 	 	0.9047	  	 	 	0.8939	  	 	 	0.8820	  	 	 	0.8691	  	 	 	0.8551	  	 	 	0.8401	  
	 	 	80	  	 	 	0.9657	  	 	 	0.9614	  	 	 	0.9565	  	 	 	0.9509	  	 	 	0.9446	  	 	 	0.9377	  	 	 	0.9302	  	 	 	0.9217	  	 	 	0.9124	  	 	 	0.9023	  	 	 	0.8912	  	 	 	0.8789	  	 	 	0.8656	  	 	 	0.8513	  
	 	 	81	  	 	 	0.9689	  	 	 	0.9650	  	 	 	0.9605	  	 	 	0.9554	  	 	 	0.9496	  	 	 	0.9432	  	 	 	0.9363	  	 	 	0.9284	  	 	 	0.9197	  	 	 	0.9102	  	 	 	0.8998	  	 	 	0.8882	  	 	 	0.8757	  	 	 	0.8621	  
	 	 	82	  	 	 	0.9720	  	 	 	0.9683	  	 	 	0.9642	  	 	 	0.9595	  	 	 	0.9542	  	 	 	0.9483	  	 	 	0.9419	  	 	 	0.9346	  	 	 	0.9265	  	 	 	0.9177	  	 	 	0.9080	  	 	 	0.8971	  	 	 	0.8853	  	 	 	0.8725	  
	 	 	83	  	 	 	0.9747	  	 	 	0.9714	  	 	 	0.9676	  	 	 	0.9634	  	 	 	0.9586	  	 	 	0.9531	  	 	 	0.9472	  	 	 	0.9405	  	 	 	0.9330	  	 	 	0.9248	  	 	 	0.9157	  	 	 	0.9055	  	 	 	0.8945	  	 	 	0.8824	  
	 	 	84	  	 	 	0.9772	  	 	 	0.9742	  	 	 	0.9708	  	 	 	0.9669	  	 	 	0.9625	  	 	 	0.9575	  	 	 	0.9521	  	 	 	0.9459	  	 	 	0.9390	  	 	 	0.9314	  	 	 	0.9230	  	 	 	0.9135	  	 	 	0.9032	  	 	 	0.8918	  
	 	 	85	  	 	 	0.9795	  	 	 	0.9768	  	 	 	0.9738	  	 	 	0.9702	  	 	 	0.9661	  	 	 	0.9617	  	 	 	0.9567	  	 	 	0.9510	  	 	 	0.9446	  	 	 	0.9376	  	 	 	0.9299	  	 	 	0.9211	  	 	 	0.9115	  	 	 	0.9008	  

  
 83 

 APPENDICES 

A. 2 
 Table H –

 For Distributions Beginning On And After July 1, 2004 

50% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	20	  	 	 	0.9746	  	 	 	0.9726	  	 	 	0.9705	  	 	 	0.9682	  	 	 	0.9658	  	 	 	0.9632	  	 	 	0.9605	  	 	 	0.9576	  	 	 	0.9545	  	 	 	0.9513	  	 	 	0.9478	  	 	 	0.9441	  	 	 	0.9401	  	 	 	0.9361	  	 	 	0.9317	  	 	 	0.9272	  
	 	 	21	  	 	 	0.9753	  	 	 	0.9733	  	 	 	0.9712	  	 	 	0.9690	  	 	 	0.9666	  	 	 	0.9640	  	 	 	0.9614	  	 	 	0.9585	  	 	 	0.9554	  	 	 	0.9522	  	 	 	0.9487	  	 	 	0.9451	  	 	 	0.9412	  	 	 	0.9371	  	 	 	0.9327	  	 	 	0.9282	  
	 	 	22	  	 	 	0.9760	  	 	 	0.9740	  	 	 	0.9720	  	 	 	0.9698	  	 	 	0.9674	  	 	 	0.9649	  	 	 	0.9622	  	 	 	0.9594	  	 	 	0.9563	  	 	 	0.9532	  	 	 	0.9497	  	 	 	0.9461	  	 	 	0.9422	  	 	 	0.9381	  	 	 	0.9338	  	 	 	0.9293	  
	 	 	23	  	 	 	0.9767	  	 	 	0.9748	  	 	 	0.9728	  	 	 	0.9706	  	 	 	0.9682	  	 	 	0.9657	  	 	 	0.9631	  	 	 	0.9603	  	 	 	0.9573	  	 	 	0.9541	  	 	 	0.9508	  	 	 	0.9471	  	 	 	0.9433	  	 	 	0.9393	  	 	 	0.9349	  	 	 	0.9304	  
	 	 	24	  	 	 	0.9774	  	 	 	0.9755	  	 	 	0.9735	  	 	 	0.9714	  	 	 	0.9691	  	 	 	0.9666	  	 	 	0.9640	  	 	 	0.9613	  	 	 	0.9583	  	 	 	0.9551	  	 	 	0.9518	  	 	 	0.9481	  	 	 	0.9443	  	 	 	0.9404	  	 	 	0.9361	  	 	 	0.9316	  
	 	 	25	  	 	 	0.9781	  	 	 	0.9762	  	 	 	0.9743	  	 	 	0.9722	  	 	 	0.9700	  	 	 	0.9675	  	 	 	0.9650	  	 	 	0.9622	  	 	 	0.9593	  	 	 	0.9562	  	 	 	0.9528	  	 	 	0.9493	  	 	 	0.9455	  	 	 	0.9415	  	 	 	0.9373	  	 	 	0.9328	  
	 	 	26	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9751	  	 	 	0.9731	  	 	 	0.9709	  	 	 	0.9684	  	 	 	0.9659	  	 	 	0.9633	  	 	 	0.9603	  	 	 	0.9573	  	 	 	0.9540	  	 	 	0.9504	  	 	 	0.9466	  	 	 	0.9428	  	 	 	0.9385	  	 	 	0.9340	  
	 	 	27	  	 	 	0.9796	  	 	 	0.9778	  	 	 	0.9759	  	 	 	0.9739	  	 	 	0.9717	  	 	 	0.9694	  	 	 	0.9669	  	 	 	0.9643	  	 	 	0.9614	  	 	 	0.9583	  	 	 	0.9550	  	 	 	0.9516	  	 	 	0.9478	  	 	 	0.9439	  	 	 	0.9398	  	 	 	0.9353	  
	 	 	28	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9767	  	 	 	0.9748	  	 	 	0.9726	  	 	 	0.9703	  	 	 	0.9679	  	 	 	0.9653	  	 	 	0.9624	  	 	 	0.9594	  	 	 	0.9562	  	 	 	0.9527	  	 	 	0.9491	  	 	 	0.9452	  	 	 	0.9411	  	 	 	0.9367	  
	 	 	29	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9775	  	 	 	0.9756	  	 	 	0.9735	  	 	 	0.9713	  	 	 	0.9689	  	 	 	0.9663	  	 	 	0.9635	  	 	 	0.9605	  	 	 	0.9574	  	 	 	0.9539	  	 	 	0.9503	  	 	 	0.9465	  	 	 	0.9424	  	 	 	0.9381	  
	 	 	30	  	 	 	0.9817	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9765	  	 	 	0.9744	  	 	 	0.9722	  	 	 	0.9698	  	 	 	0.9673	  	 	 	0.9646	  	 	 	0.9617	  	 	 	0.9585	  	 	 	0.9551	  	 	 	0.9516	  	 	 	0.9479	  	 	 	0.9437	  	 	 	0.9395	  
	 	 	31	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9773	  	 	 	0.9753	  	 	 	0.9731	  	 	 	0.9709	  	 	 	0.9684	  	 	 	0.9657	  	 	 	0.9628	  	 	 	0.9597	  	 	 	0.9564	  	 	 	0.9529	  	 	 	0.9492	  	 	 	0.9452	  	 	 	0.9409	  
	 	 	32	  	 	 	0.9831	  	 	 	0.9816	  	 	 	0.9800	  	 	 	0.9782	  	 	 	0.9762	  	 	 	0.9741	  	 	 	0.9719	  	 	 	0.9695	  	 	 	0.9668	  	 	 	0.9640	  	 	 	0.9610	  	 	 	0.9577	  	 	 	0.9542	  	 	 	0.9506	  	 	 	0.9466	  	 	 	0.9424	  
	 	 	33	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9790	  	 	 	0.9771	  	 	 	0.9751	  	 	 	0.9729	  	 	 	0.9705	  	 	 	0.9679	  	 	 	0.9652	  	 	 	0.9622	  	 	 	0.9590	  	 	 	0.9556	  	 	 	0.9520	  	 	 	0.9480	  	 	 	0.9439	  
	 	 	34	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9815	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9760	  	 	 	0.9739	  	 	 	0.9716	  	 	 	0.9691	  	 	 	0.9664	  	 	 	0.9635	  	 	 	0.9603	  	 	 	0.9569	  	 	 	0.9534	  	 	 	0.9495	  	 	 	0.9455	  
	 	 	35	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9749	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9676	  	 	 	0.9647	  	 	 	0.9616	  	 	 	0.9583	  	 	 	0.9548	  	 	 	0.9510	  	 	 	0.9470	  
	 	 	36	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9687	  	 	 	0.9659	  	 	 	0.9630	  	 	 	0.9597	  	 	 	0.9563	  	 	 	0.9526	  	 	 	0.9486	  
	 	 	37	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9724	  	 	 	0.9699	  	 	 	0.9672	  	 	 	0.9642	  	 	 	0.9611	  	 	 	0.9578	  	 	 	0.9541	  	 	 	0.9502	  
	 	 	38	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9711	  	 	 	0.9685	  	 	 	0.9656	  	 	 	0.9625	  	 	 	0.9592	  	 	 	0.9556	  	 	 	0.9519	  
	 	 	39	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9669	  	 	 	0.9639	  	 	 	0.9608	  	 	 	0.9572	  	 	 	0.9535	  
	 	 	40	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9735	  	 	 	0.9709	  	 	 	0.9683	  	 	 	0.9654	  	 	 	0.9622	  	 	 	0.9588	  	 	 	0.9552	  
	 	 	41	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9695	  	 	 	0.9667	  	 	 	0.9637	  	 	 	0.9604	  	 	 	0.9568	  
	 	 	42	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9708	  	 	 	0.9681	  	 	 	0.9652	  	 	 	0.9620	  	 	 	0.9585	  
	 	 	43	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9695	  	 	 	0.9667	  	 	 	0.9635	  	 	 	0.9602	  
	 	 	44	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9708	  	 	 	0.9681	  	 	 	0.9650	  	 	 	0.9618	  
	 	 	45	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9696	  	 	 	0.9666	  	 	 	0.9635	  
	 	 	46	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9735	  	 	 	0.9710	  	 	 	0.9681	  	 	 	0.9651	  
	 	 	47	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9748	  	 	 	0.9724	  	 	 	0.9696	  	 	 	0.9667	  
	 	 	48	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9737	  	 	 	0.9711	  	 	 	0.9683	  
	 	 	49	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9726	  	 	 	0.9698	  
	 	 	50	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9740	  	 	 	0.9713	  
	 	 	51	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9816	  	 	 	0.9797	  	 	 	0.9776	  	 	 	0.9753	  	 	 	0.9729	  
	 	 	52	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9789	  	 	 	0.9766	  	 	 	0.9743	  

  
 84 

 APPENDICES 
  

 Sub appendix A. 2 

Table H – 
 For
Distributions Beginning On And After July 1, 2004 
 50% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	53	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9780	  	 	 	0.9757	  
	 	 	54	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9771	  
	 	 	55	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9784	  
	 	 	56	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9834	  	 	 	0.9816	  	 	 	0.9797	  
	 	 	57	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9810	  
	 	 	58	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9839	  	 	 	0.9822	  
	 	 	59	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9849	  	 	 	0.9833	  
	 	 	60	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9845	  
	 	 	61	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9855	  
	 	 	62	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9878	  	 	 	0.9865	  
	 	 	63	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  
	 	 	64	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9884	  
	 	 	65	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9892	  
	 	 	66	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9910	  	 	 	0.9901	  
	 	 	67	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9908	  
	 	 	68	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9915	  
	 	 	69	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9930	  	 	 	0.9922	  
	 	 	70	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  
	 	 	71	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9941	  	 	 	0.9934	  
	 	 	72	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9940	  
	 	 	73	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9945	  
	 	 	74	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9950	  
	 	 	75	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9959	  	 	 	0.9955	  
	 	 	76	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  
	 	 	77	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  
	 	 	78	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  
	 	 	79	  	 	 	0.9994	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  
	 	 	80	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9972	  
	 	 	81	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  
	 	 	82	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9977	  
	 	 	83	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  
	 	 	84	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  
	 	 	85	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  

  
 85 

 APPENDICES 
  

 Sub appendix A. 2 

Table H – 
 For
Distributions Beginning On And After July 1, 2004 
 50% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	20	  	 	 	0.9224	  	 	 	0.9173	  	 	 	0.9120	  	 	 	0.9065	  	 	 	0.9006	  	 	 	0.8945	  	 	 	0.8880	  	 	 	0.8813	  	 	 	0.8742	  	 	 	0.8667	  	 	 	0.8588	  	 	 	0.8506	  	 	 	0.8418	  	 	 	0.8327	  	 	 	0.8231	  	 	 	0.8130	  
	 	 	21	  	 	 	0.9235	  	 	 	0.9184	  	 	 	0.9131	  	 	 	0.9076	  	 	 	0.9017	  	 	 	0.8956	  	 	 	0.8892	  	 	 	0.8825	  	 	 	0.8754	  	 	 	0.8679	  	 	 	0.8600	  	 	 	0.8518	  	 	 	0.8430	  	 	 	0.8339	  	 	 	0.8243	  	 	 	0.8142	  
	 	 	22	  	 	 	0.9246	  	 	 	0.9195	  	 	 	0.9143	  	 	 	0.9087	  	 	 	0.9029	  	 	 	0.8968	  	 	 	0.8904	  	 	 	0.8837	  	 	 	0.8766	  	 	 	0.8691	  	 	 	0.8613	  	 	 	0.8530	  	 	 	0.8444	  	 	 	0.8352	  	 	 	0.8256	  	 	 	0.8155	  
	 	 	23	  	 	 	0.9257	  	 	 	0.9207	  	 	 	0.9154	  	 	 	0.9099	  	 	 	0.9041	  	 	 	0.8980	  	 	 	0.8916	  	 	 	0.8850	  	 	 	0.8779	  	 	 	0.8704	  	 	 	0.8626	  	 	 	0.8544	  	 	 	0.8457	  	 	 	0.8365	  	 	 	0.8269	  	 	 	0.8168	  
	 	 	24	  	 	 	0.9269	  	 	 	0.9219	  	 	 	0.9167	  	 	 	0.9112	  	 	 	0.9054	  	 	 	0.8993	  	 	 	0.8930	  	 	 	0.8863	  	 	 	0.8792	  	 	 	0.8718	  	 	 	0.8640	  	 	 	0.8557	  	 	 	0.8471	  	 	 	0.8380	  	 	 	0.8283	  	 	 	0.8182	  
	 	 	25	  	 	 	0.9282	  	 	 	0.9232	  	 	 	0.9180	  	 	 	0.9125	  	 	 	0.9068	  	 	 	0.9007	  	 	 	0.8943	  	 	 	0.8877	  	 	 	0.8806	  	 	 	0.8732	  	 	 	0.8654	  	 	 	0.8572	  	 	 	0.8485	  	 	 	0.8394	  	 	 	0.8298	  	 	 	0.8197	  
	 	 	26	  	 	 	0.9295	  	 	 	0.9245	  	 	 	0.9193	  	 	 	0.9139	  	 	 	0.9082	  	 	 	0.9021	  	 	 	0.8957	  	 	 	0.8892	  	 	 	0.8821	  	 	 	0.8747	  	 	 	0.8669	  	 	 	0.8587	  	 	 	0.8500	  	 	 	0.8410	  	 	 	0.8313	  	 	 	0.8213	  
	 	 	27	  	 	 	0.9308	  	 	 	0.9259	  	 	 	0.9207	  	 	 	0.9153	  	 	 	0.9096	  	 	 	0.9035	  	 	 	0.8973	  	 	 	0.8906	  	 	 	0.8836	  	 	 	0.8762	  	 	 	0.8685	  	 	 	0.8603	  	 	 	0.8516	  	 	 	0.8426	  	 	 	0.8329	  	 	 	0.8229	  
	 	 	28	  	 	 	0.9321	  	 	 	0.9272	  	 	 	0.9221	  	 	 	0.9167	  	 	 	0.9111	  	 	 	0.9051	  	 	 	0.8988	  	 	 	0.8922	  	 	 	0.8853	  	 	 	0.8779	  	 	 	0.8701	  	 	 	0.8619	  	 	 	0.8533	  	 	 	0.8443	  	 	 	0.8347	  	 	 	0.8246	  
	 	 	29	  	 	 	0.9335	  	 	 	0.9287	  	 	 	0.9236	  	 	 	0.9183	  	 	 	0.9127	  	 	 	0.9067	  	 	 	0.9004	  	 	 	0.8939	  	 	 	0.8869	  	 	 	0.8795	  	 	 	0.8718	  	 	 	0.8636	  	 	 	0.8551	  	 	 	0.8460	  	 	 	0.8364	  	 	 	0.8264	  
	 	 	30	  	 	 	0.9350	  	 	 	0.9302	  	 	 	0.9252	  	 	 	0.9198	  	 	 	0.9143	  	 	 	0.9083	  	 	 	0.9021	  	 	 	0.8956	  	 	 	0.8886	  	 	 	0.8813	  	 	 	0.8736	  	 	 	0.8655	  	 	 	0.8569	  	 	 	0.8479	  	 	 	0.8382	  	 	 	0.8283	  
	 	 	31	  	 	 	0.9365	  	 	 	0.9317	  	 	 	0.9267	  	 	 	0.9215	  	 	 	0.9159	  	 	 	0.9100	  	 	 	0.9038	  	 	 	0.8973	  	 	 	0.8904	  	 	 	0.8831	  	 	 	0.8754	  	 	 	0.8673	  	 	 	0.8588	  	 	 	0.8497	  	 	 	0.8402	  	 	 	0.8302	  
	 	 	32	  	 	 	0.9380	  	 	 	0.9333	  	 	 	0.9284	  	 	 	0.9231	  	 	 	0.9176	  	 	 	0.9118	  	 	 	0.9056	  	 	 	0.8991	  	 	 	0.8923	  	 	 	0.8850	  	 	 	0.8773	  	 	 	0.8693	  	 	 	0.8608	  	 	 	0.8518	  	 	 	0.8422	  	 	 	0.8322	  
	 	 	33	  	 	 	0.9396	  	 	 	0.9349	  	 	 	0.9300	  	 	 	0.9248	  	 	 	0.9194	  	 	 	0.9135	  	 	 	0.9074	  	 	 	0.9010	  	 	 	0.8942	  	 	 	0.8870	  	 	 	0.8793	  	 	 	0.8713	  	 	 	0.8628	  	 	 	0.8538	  	 	 	0.8443	  	 	 	0.8344	  
	 	 	34	  	 	 	0.9412	  	 	 	0.9366	  	 	 	0.9317	  	 	 	0.9266	  	 	 	0.9212	  	 	 	0.9154	  	 	 	0.9093	  	 	 	0.9030	  	 	 	0.8962	  	 	 	0.8890	  	 	 	0.8814	  	 	 	0.8734	  	 	 	0.8650	  	 	 	0.8560	  	 	 	0.8465	  	 	 	0.8366	  
	 	 	35	  	 	 	0.9428	  	 	 	0.9383	  	 	 	0.9335	  	 	 	0.9284	  	 	 	0.9230	  	 	 	0.9173	  	 	 	0.9113	  	 	 	0.9050	  	 	 	0.8982	  	 	 	0.8911	  	 	 	0.8836	  	 	 	0.8756	  	 	 	0.8672	  	 	 	0.8583	  	 	 	0.8488	  	 	 	0.8389	  
	 	 	36	  	 	 	0.9445	  	 	 	0.9399	  	 	 	0.9353	  	 	 	0.9302	  	 	 	0.9250	  	 	 	0.9193	  	 	 	0.9133	  	 	 	0.9071	  	 	 	0.9004	  	 	 	0.8933	  	 	 	0.8858	  	 	 	0.8779	  	 	 	0.8695	  	 	 	0.8606	  	 	 	0.8512	  	 	 	0.8414	  
	 	 	37	  	 	 	0.9461	  	 	 	0.9417	  	 	 	0.9371	  	 	 	0.9322	  	 	 	0.9269	  	 	 	0.9213	  	 	 	0.9154	  	 	 	0.9092	  	 	 	0.9026	  	 	 	0.8955	  	 	 	0.8881	  	 	 	0.8802	  	 	 	0.8719	  	 	 	0.8631	  	 	 	0.8537	  	 	 	0.8439	  
	 	 	38	  	 	 	0.9479	  	 	 	0.9435	  	 	 	0.9389	  	 	 	0.9340	  	 	 	0.9289	  	 	 	0.9234	  	 	 	0.9175	  	 	 	0.9114	  	 	 	0.9048	  	 	 	0.8978	  	 	 	0.8905	  	 	 	0.8827	  	 	 	0.8744	  	 	 	0.8656	  	 	 	0.8563	  	 	 	0.8465	  
	 	 	39	  	 	 	0.9496	  	 	 	0.9453	  	 	 	0.9408	  	 	 	0.9360	  	 	 	0.9309	  	 	 	0.9255	  	 	 	0.9197	  	 	 	0.9137	  	 	 	0.9072	  	 	 	0.9003	  	 	 	0.8929	  	 	 	0.8852	  	 	 	0.8769	  	 	 	0.8682	  	 	 	0.8590	  	 	 	0.8492	  
	 	 	40	  	 	 	0.9513	  	 	 	0.9471	  	 	 	0.9428	  	 	 	0.9380	  	 	 	0.9330	  	 	 	0.9276	  	 	 	0.9219	  	 	 	0.9160	  	 	 	0.9096	  	 	 	0.9027	  	 	 	0.8955	  	 	 	0.8878	  	 	 	0.8796	  	 	 	0.8709	  	 	 	0.8617	  	 	 	0.8520	  
	 	 	41	  	 	 	0.9531	  	 	 	0.9490	  	 	 	0.9447	  	 	 	0.9400	  	 	 	0.9351	  	 	 	0.9299	  	 	 	0.9243	  	 	 	0.9183	  	 	 	0.9120	  	 	 	0.9052	  	 	 	0.8981	  	 	 	0.8904	  	 	 	0.8824	  	 	 	0.8738	  	 	 	0.8646	  	 	 	0.8549	  
	 	 	42	  	 	 	0.9549	  	 	 	0.9508	  	 	 	0.9466	  	 	 	0.9421	  	 	 	0.9372	  	 	 	0.9321	  	 	 	0.9266	  	 	 	0.9208	  	 	 	0.9145	  	 	 	0.9078	  	 	 	0.9007	  	 	 	0.8932	  	 	 	0.8852	  	 	 	0.8767	  	 	 	0.8676	  	 	 	0.8580	  
	 	 	43	  	 	 	0.9566	  	 	 	0.9527	  	 	 	0.9485	  	 	 	0.9442	  	 	 	0.9394	  	 	 	0.9343	  	 	 	0.9289	  	 	 	0.9232	  	 	 	0.9171	  	 	 	0.9105	  	 	 	0.9034	  	 	 	0.8960	  	 	 	0.8880	  	 	 	0.8796	  	 	 	0.8706	  	 	 	0.8611	  
	 	 	44	  	 	 	0.9583	  	 	 	0.9545	  	 	 	0.9505	  	 	 	0.9462	  	 	 	0.9416	  	 	 	0.9366	  	 	 	0.9313	  	 	 	0.9257	  	 	 	0.9197	  	 	 	0.9132	  	 	 	0.9063	  	 	 	0.8989	  	 	 	0.8910	  	 	 	0.8827	  	 	 	0.8738	  	 	 	0.8643	  
	 	 	45	  	 	 	0.9601	  	 	 	0.9564	  	 	 	0.9525	  	 	 	0.9483	  	 	 	0.9438	  	 	 	0.9389	  	 	 	0.9337	  	 	 	0.9282	  	 	 	0.9223	  	 	 	0.9159	  	 	 	0.9091	  	 	 	0.9018	  	 	 	0.8941	  	 	 	0.8858	  	 	 	0.8770	  	 	 	0.8677	  
	 	 	46	  	 	 	0.9618	  	 	 	0.9583	  	 	 	0.9545	  	 	 	0.9504	  	 	 	0.9460	  	 	 	0.9412	  	 	 	0.9362	  	 	 	0.9308	  	 	 	0.9250	  	 	 	0.9186	  	 	 	0.9120	  	 	 	0.9049	  	 	 	0.8972	  	 	 	0.8891	  	 	 	0.8803	  	 	 	0.8711	  
	 	 	47	  	 	 	0.9636	  	 	 	0.9601	  	 	 	0.9564	  	 	 	0.9524	  	 	 	0.9482	  	 	 	0.9435	  	 	 	0.9386	  	 	 	0.9334	  	 	 	0.9276	  	 	 	0.9215	  	 	 	0.9149	  	 	 	0.9079	  	 	 	0.9004	  	 	 	0.8924	  	 	 	0.8837	  	 	 	0.8746	  
	 	 	48	  	 	 	0.9652	  	 	 	0.9619	  	 	 	0.9584	  	 	 	0.9545	  	 	 	0.9504	  	 	 	0.9459	  	 	 	0.9411	  	 	 	0.9359	  	 	 	0.9304	  	 	 	0.9243	  	 	 	0.9179	  	 	 	0.9110	  	 	 	0.9036	  	 	 	0.8957	  	 	 	0.8872	  	 	 	0.8782	  
	 	 	49	  	 	 	0.9669	  	 	 	0.9637	  	 	 	0.9603	  	 	 	0.9566	  	 	 	0.9526	  	 	 	0.9482	  	 	 	0.9435	  	 	 	0.9385	  	 	 	0.9331	  	 	 	0.9272	  	 	 	0.9209	  	 	 	0.9141	  	 	 	0.9069	  	 	 	0.8991	  	 	 	0.8907	  	 	 	0.8818	  
	 	 	50	  	 	 	0.9686	  	 	 	0.9655	  	 	 	0.9621	  	 	 	0.9586	  	 	 	0.9547	  	 	 	0.9505	  	 	 	0.9459	  	 	 	0.9411	  	 	 	0.9358	  	 	 	0.9301	  	 	 	0.9239	  	 	 	0.9173	  	 	 	0.9102	  	 	 	0.9026	  	 	 	0.8943	  	 	 	0.8856	  
	 	 	51	  	 	 	0.9702	  	 	 	0.9672	  	 	 	0.9641	  	 	 	0.9606	  	 	 	0.9569	  	 	 	0.9527	  	 	 	0.9484	  	 	 	0.9437	  	 	 	0.9386	  	 	 	0.9330	  	 	 	0.9270	  	 	 	0.9205	  	 	 	0.9135	  	 	 	0.9061	  	 	 	0.8980	  	 	 	0.8894	  
	 	 	52	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9625	  	 	 	0.9589	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9462	  	 	 	0.9413	  	 	 	0.9359	  	 	 	0.9300	  	 	 	0.9238	  	 	 	0.9169	  	 	 	0.9096	  	 	 	0.9017	  	 	 	0.8933	  

  
 86 

 APPENDICES 
  

 Sub appendix A. 2 

Table H – 
 O&R
Participants 
 For Distributions Beginning On And After July 1, 2004 

50% Joint And Survivor Without Pop-Up 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	53	  	 	 	0.9733	  	 	 	0.9706	  	 	 	0.9677	  	 	 	0.9645	  	 	 	0.9610	  	 	 	0.9572	  	 	 	0.9532	  	 	 	0.9488	  	 	 	0.9440	  	 	 	0.9388	  	 	 	0.9331	  	 	 	0.9270	  	 	 	0.9204	  	 	 	0.9132	  	 	 	0.9054	  	 	 	0.8972	  
	 	 	54	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9595	  	 	 	0.9555	  	 	 	0.9513	  	 	 	0.9467	  	 	 	0.9416	  	 	 	0.9361	  	 	 	0.9302	  	 	 	0.9238	  	 	 	0.9168	  	 	 	0.9092	  	 	 	0.9011	  
	 	 	55	  	 	 	0.9763	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9683	  	 	 	0.9651	  	 	 	0.9616	  	 	 	0.9578	  	 	 	0.9538	  	 	 	0.9494	  	 	 	0.9445	  	 	 	0.9392	  	 	 	0.9334	  	 	 	0.9272	  	 	 	0.9204	  	 	 	0.9131	  	 	 	0.9052	  
	 	 	56	  	 	 	0.9776	  	 	 	0.9753	  	 	 	0.9728	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9637	  	 	 	0.9602	  	 	 	0.9563	  	 	 	0.9520	  	 	 	0.9473	  	 	 	0.9422	  	 	 	0.9367	  	 	 	0.9306	  	 	 	0.9240	  	 	 	0.9169	  	 	 	0.9092	  
	 	 	57	  	 	 	0.9790	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9690	  	 	 	0.9658	  	 	 	0.9624	  	 	 	0.9587	  	 	 	0.9546	  	 	 	0.9501	  	 	 	0.9452	  	 	 	0.9398	  	 	 	0.9340	  	 	 	0.9277	  	 	 	0.9207	  	 	 	0.9132	  
	 	 	58	  	 	 	0.9803	  	 	 	0.9782	  	 	 	0.9760	  	 	 	0.9736	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9611	  	 	 	0.9571	  	 	 	0.9528	  	 	 	0.9482	  	 	 	0.9430	  	 	 	0.9374	  	 	 	0.9313	  	 	 	0.9245	  	 	 	0.9173	  
	 	 	59	  	 	 	0.9816	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9752	  	 	 	0.9727	  	 	 	0.9698	  	 	 	0.9667	  	 	 	0.9634	  	 	 	0.9597	  	 	 	0.9555	  	 	 	0.9511	  	 	 	0.9462	  	 	 	0.9408	  	 	 	0.9349	  	 	 	0.9283	  	 	 	0.9214	  
	 	 	60	  	 	 	0.9828	  	 	 	0.9809	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9717	  	 	 	0.9688	  	 	 	0.9656	  	 	 	0.9621	  	 	 	0.9582	  	 	 	0.9539	  	 	 	0.9492	  	 	 	0.9441	  	 	 	0.9384	  	 	 	0.9322	  	 	 	0.9254	  
	 	 	61	  	 	 	0.9840	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9736	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9645	  	 	 	0.9607	  	 	 	0.9567	  	 	 	0.9522	  	 	 	0.9473	  	 	 	0.9419	  	 	 	0.9359	  	 	 	0.9294	  
	 	 	62	  	 	 	0.9851	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9753	  	 	 	0.9727	  	 	 	0.9699	  	 	 	0.9668	  	 	 	0.9632	  	 	 	0.9594	  	 	 	0.9551	  	 	 	0.9504	  	 	 	0.9453	  	 	 	0.9395	  	 	 	0.9334	  
	 	 	63	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9770	  	 	 	0.9745	  	 	 	0.9720	  	 	 	0.9690	  	 	 	0.9656	  	 	 	0.9620	  	 	 	0.9580	  	 	 	0.9536	  	 	 	0.9487	  	 	 	0.9432	  	 	 	0.9373	  
	 	 	64	  	 	 	0.9872	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9786	  	 	 	0.9764	  	 	 	0.9739	  	 	 	0.9711	  	 	 	0.9680	  	 	 	0.9646	  	 	 	0.9608	  	 	 	0.9566	  	 	 	0.9520	  	 	 	0.9467	  	 	 	0.9411	  
	 	 	65	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9731	  	 	 	0.9702	  	 	 	0.9670	  	 	 	0.9635	  	 	 	0.9595	  	 	 	0.9551	  	 	 	0.9502	  	 	 	0.9448	  
	 	 	66	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9816	  	 	 	0.9797	  	 	 	0.9776	  	 	 	0.9751	  	 	 	0.9724	  	 	 	0.9694	  	 	 	0.9661	  	 	 	0.9623	  	 	 	0.9582	  	 	 	0.9535	  	 	 	0.9484	  
	 	 	67	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9770	  	 	 	0.9745	  	 	 	0.9717	  	 	 	0.9685	  	 	 	0.9650	  	 	 	0.9611	  	 	 	0.9567	  	 	 	0.9519	  
	 	 	68	  	 	 	0.9907	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9788	  	 	 	0.9764	  	 	 	0.9738	  	 	 	0.9708	  	 	 	0.9676	  	 	 	0.9639	  	 	 	0.9598	  	 	 	0.9553	  
	 	 	69	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9805	  	 	 	0.9783	  	 	 	0.9758	  	 	 	0.9731	  	 	 	0.9700	  	 	 	0.9667	  	 	 	0.9628	  	 	 	0.9586	  
	 	 	70	  	 	 	0.9922	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9752	  	 	 	0.9724	  	 	 	0.9692	  	 	 	0.9656	  	 	 	0.9617	  
	 	 	71	  	 	 	0.9928	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9866	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9816	  	 	 	0.9795	  	 	 	0.9772	  	 	 	0.9746	  	 	 	0.9717	  	 	 	0.9683	  	 	 	0.9646	  
	 	 	72	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9849	  	 	 	0.9832	  	 	 	0.9813	  	 	 	0.9791	  	 	 	0.9767	  	 	 	0.9740	  	 	 	0.9709	  	 	 	0.9675	  
	 	 	73	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9862	  	 	 	0.9846	  	 	 	0.9828	  	 	 	0.9809	  	 	 	0.9787	  	 	 	0.9762	  	 	 	0.9733	  	 	 	0.9701	  
	 	 	74	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9844	  	 	 	0.9826	  	 	 	0.9805	  	 	 	0.9783	  	 	 	0.9755	  	 	 	0.9726	  
	 	 	75	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9873	  	 	 	0.9858	  	 	 	0.9841	  	 	 	0.9822	  	 	 	0.9802	  	 	 	0.9777	  	 	 	0.9750	  
	 	 	76	  	 	 	0.9955	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9839	  	 	 	0.9820	  	 	 	0.9797	  	 	 	0.9772	  
	 	 	77	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9869	  	 	 	0.9854	  	 	 	0.9836	  	 	 	0.9815	  	 	 	0.9793	  
	 	 	78	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9867	  	 	 	0.9851	  	 	 	0.9833	  	 	 	0.9812	  
	 	 	79	  	 	 	0.9967	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9880	  	 	 	0.9866	  	 	 	0.9848	  	 	 	0.9829	  
	 	 	80	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9863	  	 	 	0.9846	  
	 	 	81	  	 	 	0.9973	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9902	  	 	 	0.9890	  	 	 	0.9876	  	 	 	0.9861	  
	 	 	82	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9901	  	 	 	0.9888	  	 	 	0.9874	  
	 	 	83	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9911	  	 	 	0.9900	  	 	 	0.9887	  
	 	 	84	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9920	  	 	 	0.9910	  	 	 	0.9898	  
	 	 	85	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9919	  	 	 	0.9909	  

  
 87 

 APPENDICES 
  

 Sub appendix A. 2 

Table H – 
 For
Distributions Beginning On And After July 1, 2004 
 50% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																													
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	20	  	 	 	0.8023	  	 	 	0.7913	  	 	 	0.7796	  	 	 	0.7676	  	 	 	0.7549	  	 	 	0.7418	  	 	 	0.7284	  	 	 	0.7144	  	 	 	0.7000	  	 	 	0.6852	  	 	 	0.6699	  	 	 	0.6542	  	 	 	0.6381	  	 	 	0.6217	  
	 	 	21	  	 	 	0.8036	  	 	 	0.7925	  	 	 	0.7809	  	 	 	0.7688	  	 	 	0.7561	  	 	 	0.7431	  	 	 	0.7296	  	 	 	0.7156	  	 	 	0.7012	  	 	 	0.6864	  	 	 	0.6711	  	 	 	0.6554	  	 	 	0.6393	  	 	 	0.6229	  
	 	 	22	  	 	 	0.8049	  	 	 	0.7937	  	 	 	0.7821	  	 	 	0.7701	  	 	 	0.7574	  	 	 	0.7444	  	 	 	0.7309	  	 	 	0.7169	  	 	 	0.7025	  	 	 	0.6877	  	 	 	0.6724	  	 	 	0.6566	  	 	 	0.6406	  	 	 	0.6241	  
	 	 	23	  	 	 	0.8062	  	 	 	0.7952	  	 	 	0.7835	  	 	 	0.7714	  	 	 	0.7588	  	 	 	0.7457	  	 	 	0.7323	  	 	 	0.7183	  	 	 	0.7038	  	 	 	0.6890	  	 	 	0.6737	  	 	 	0.6579	  	 	 	0.6418	  	 	 	0.6254	  
	 	 	24	  	 	 	0.8076	  	 	 	0.7966	  	 	 	0.7850	  	 	 	0.7729	  	 	 	0.7602	  	 	 	0.7471	  	 	 	0.7337	  	 	 	0.7197	  	 	 	0.7052	  	 	 	0.6904	  	 	 	0.6751	  	 	 	0.6593	  	 	 	0.6432	  	 	 	0.6267	  
	 	 	25	  	 	 	0.8091	  	 	 	0.7980	  	 	 	0.7864	  	 	 	0.7744	  	 	 	0.7617	  	 	 	0.7486	  	 	 	0.7352	  	 	 	0.7212	  	 	 	0.7067	  	 	 	0.6919	  	 	 	0.6766	  	 	 	0.6607	  	 	 	0.6447	  	 	 	0.6281	  
	 	 	26	  	 	 	0.8107	  	 	 	0.7996	  	 	 	0.7880	  	 	 	0.7759	  	 	 	0.7633	  	 	 	0.7502	  	 	 	0.7368	  	 	 	0.7227	  	 	 	0.7082	  	 	 	0.6934	  	 	 	0.6781	  	 	 	0.6623	  	 	 	0.6462	  	 	 	0.6296	  
	 	 	27	  	 	 	0.8123	  	 	 	0.8013	  	 	 	0.7896	  	 	 	0.7776	  	 	 	0.7649	  	 	 	0.7518	  	 	 	0.7384	  	 	 	0.7244	  	 	 	0.7099	  	 	 	0.6950	  	 	 	0.6797	  	 	 	0.6639	  	 	 	0.6478	  	 	 	0.6312	  
	 	 	28	  	 	 	0.8140	  	 	 	0.8030	  	 	 	0.7914	  	 	 	0.7793	  	 	 	0.7667	  	 	 	0.7536	  	 	 	0.7401	  	 	 	0.7261	  	 	 	0.7116	  	 	 	0.6968	  	 	 	0.6814	  	 	 	0.6656	  	 	 	0.6494	  	 	 	0.6329	  
	 	 	29	  	 	 	0.8158	  	 	 	0.8048	  	 	 	0.7932	  	 	 	0.7811	  	 	 	0.7685	  	 	 	0.7554	  	 	 	0.7420	  	 	 	0.7279	  	 	 	0.7134	  	 	 	0.6986	  	 	 	0.6832	  	 	 	0.6674	  	 	 	0.6512	  	 	 	0.6346	  
	 	 	30	  	 	 	0.8177	  	 	 	0.8067	  	 	 	0.7951	  	 	 	0.7830	  	 	 	0.7704	  	 	 	0.7573	  	 	 	0.7439	  	 	 	0.7298	  	 	 	0.7153	  	 	 	0.7005	  	 	 	0.6851	  	 	 	0.6692	  	 	 	0.6531	  	 	 	0.6365	  
	 	 	31	  	 	 	0.8197	  	 	 	0.8087	  	 	 	0.7971	  	 	 	0.7850	  	 	 	0.7724	  	 	 	0.7594	  	 	 	0.7459	  	 	 	0.7318	  	 	 	0.7173	  	 	 	0.7025	  	 	 	0.6871	  	 	 	0.6712	  	 	 	0.6550	  	 	 	0.6384	  
	 	 	32	  	 	 	0.8217	  	 	 	0.8107	  	 	 	0.7992	  	 	 	0.7871	  	 	 	0.7745	  	 	 	0.7615	  	 	 	0.7480	  	 	 	0.7340	  	 	 	0.7194	  	 	 	0.7046	  	 	 	0.6892	  	 	 	0.6733	  	 	 	0.6571	  	 	 	0.6404	  
	 	 	33	  	 	 	0.8239	  	 	 	0.8129	  	 	 	0.8014	  	 	 	0.7893	  	 	 	0.7767	  	 	 	0.7637	  	 	 	0.7502	  	 	 	0.7362	  	 	 	0.7216	  	 	 	0.7068	  	 	 	0.6914	  	 	 	0.6755	  	 	 	0.6593	  	 	 	0.6426	  
	 	 	34	  	 	 	0.8262	  	 	 	0.8152	  	 	 	0.8037	  	 	 	0.7916	  	 	 	0.7790	  	 	 	0.7660	  	 	 	0.7525	  	 	 	0.7385	  	 	 	0.7240	  	 	 	0.7091	  	 	 	0.6937	  	 	 	0.6778	  	 	 	0.6615	  	 	 	0.6449	  
	 	 	35	  	 	 	0.8285	  	 	 	0.8175	  	 	 	0.8061	  	 	 	0.7940	  	 	 	0.7815	  	 	 	0.7684	  	 	 	0.7549	  	 	 	0.7409	  	 	 	0.7264	  	 	 	0.7115	  	 	 	0.6961	  	 	 	0.6802	  	 	 	0.6640	  	 	 	0.6472	  
	 	 	36	  	 	 	0.8310	  	 	 	0.8200	  	 	 	0.8085	  	 	 	0.7965	  	 	 	0.7840	  	 	 	0.7710	  	 	 	0.7575	  	 	 	0.7435	  	 	 	0.7290	  	 	 	0.7141	  	 	 	0.6986	  	 	 	0.6827	  	 	 	0.6665	  	 	 	0.6497	  
	 	 	37	  	 	 	0.8335	  	 	 	0.8226	  	 	 	0.8111	  	 	 	0.7992	  	 	 	0.7866	  	 	 	0.7736	  	 	 	0.7602	  	 	 	0.7462	  	 	 	0.7316	  	 	 	0.7167	  	 	 	0.7013	  	 	 	0.6854	  	 	 	0.6691	  	 	 	0.6524	  
	 	 	38	  	 	 	0.8361	  	 	 	0.8253	  	 	 	0.8139	  	 	 	0.8019	  	 	 	0.7894	  	 	 	0.7764	  	 	 	0.7630	  	 	 	0.7490	  	 	 	0.7344	  	 	 	0.7196	  	 	 	0.7041	  	 	 	0.6882	  	 	 	0.6719	  	 	 	0.6552	  
	 	 	39	  	 	 	0.8389	  	 	 	0.8281	  	 	 	0.8167	  	 	 	0.8048	  	 	 	0.7923	  	 	 	0.7793	  	 	 	0.7659	  	 	 	0.7519	  	 	 	0.7374	  	 	 	0.7225	  	 	 	0.7071	  	 	 	0.6912	  	 	 	0.6749	  	 	 	0.6581	  
	 	 	40	  	 	 	0.8418	  	 	 	0.8310	  	 	 	0.8197	  	 	 	0.8077	  	 	 	0.7953	  	 	 	0.7824	  	 	 	0.7690	  	 	 	0.7550	  	 	 	0.7405	  	 	 	0.7256	  	 	 	0.7102	  	 	 	0.6943	  	 	 	0.6780	  	 	 	0.6612	  
	 	 	41	  	 	 	0.8447	  	 	 	0.8340	  	 	 	0.8227	  	 	 	0.8109	  	 	 	0.7985	  	 	 	0.7855	  	 	 	0.7722	  	 	 	0.7582	  	 	 	0.7437	  	 	 	0.7288	  	 	 	0.7135	  	 	 	0.6975	  	 	 	0.6812	  	 	 	0.6643	  
	 	 	42	  	 	 	0.8479	  	 	 	0.8372	  	 	 	0.8259	  	 	 	0.8141	  	 	 	0.8017	  	 	 	0.7888	  	 	 	0.7755	  	 	 	0.7616	  	 	 	0.7471	  	 	 	0.7322	  	 	 	0.7168	  	 	 	0.7009	  	 	 	0.6845	  	 	 	0.6677	  
	 	 	43	  	 	 	0.8511	  	 	 	0.8404	  	 	 	0.8292	  	 	 	0.8175	  	 	 	0.8052	  	 	 	0.7923	  	 	 	0.7790	  	 	 	0.7651	  	 	 	0.7506	  	 	 	0.7358	  	 	 	0.7204	  	 	 	0.7045	  	 	 	0.6881	  	 	 	0.6713	  
	 	 	44	  	 	 	0.8544	  	 	 	0.8438	  	 	 	0.8327	  	 	 	0.8210	  	 	 	0.8087	  	 	 	0.7959	  	 	 	0.7826	  	 	 	0.7688	  	 	 	0.7544	  	 	 	0.7395	  	 	 	0.7241	  	 	 	0.7082	  	 	 	0.6918	  	 	 	0.6750	  
	 	 	45	  	 	 	0.8577	  	 	 	0.8473	  	 	 	0.8363	  	 	 	0.8246	  	 	 	0.8124	  	 	 	0.7996	  	 	 	0.7864	  	 	 	0.7725	  	 	 	0.7582	  	 	 	0.7434	  	 	 	0.7280	  	 	 	0.7121	  	 	 	0.6958	  	 	 	0.6789	  
	 	 	46	  	 	 	0.8613	  	 	 	0.8509	  	 	 	0.8399	  	 	 	0.8283	  	 	 	0.8162	  	 	 	0.8035	  	 	 	0.7903	  	 	 	0.7766	  	 	 	0.7622	  	 	 	0.7474	  	 	 	0.7321	  	 	 	0.7161	  	 	 	0.6998	  	 	 	0.6830	  
	 	 	47	  	 	 	0.8649	  	 	 	0.8546	  	 	 	0.8437	  	 	 	0.8322	  	 	 	0.8201	  	 	 	0.8075	  	 	 	0.7944	  	 	 	0.7807	  	 	 	0.7663	  	 	 	0.7516	  	 	 	0.7363	  	 	 	0.7204	  	 	 	0.7041	  	 	 	0.6872	  
	 	 	48	  	 	 	0.8686	  	 	 	0.8584	  	 	 	0.8476	  	 	 	0.8362	  	 	 	0.8242	  	 	 	0.8116	  	 	 	0.7986	  	 	 	0.7849	  	 	 	0.7707	  	 	 	0.7560	  	 	 	0.7407	  	 	 	0.7248	  	 	 	0.7085	  	 	 	0.6916	  
	 	 	49	  	 	 	0.8724	  	 	 	0.8623	  	 	 	0.8516	  	 	 	0.8403	  	 	 	0.8284	  	 	 	0.8159	  	 	 	0.8029	  	 	 	0.7893	  	 	 	0.7751	  	 	 	0.7605	  	 	 	0.7453	  	 	 	0.7294	  	 	 	0.7131	  	 	 	0.6963	  
	 	 	50	  	 	 	0.8762	  	 	 	0.8663	  	 	 	0.8557	  	 	 	0.8445	  	 	 	0.8327	  	 	 	0.8203	  	 	 	0.8075	  	 	 	0.7940	  	 	 	0.7798	  	 	 	0.7652	  	 	 	0.7500	  	 	 	0.7342	  	 	 	0.7180	  	 	 	0.7011	  
	 	 	51	  	 	 	0.8802	  	 	 	0.8703	  	 	 	0.8599	  	 	 	0.8489	  	 	 	0.8372	  	 	 	0.8249	  	 	 	0.8122	  	 	 	0.7987	  	 	 	0.7847	  	 	 	0.7701	  	 	 	0.7549	  	 	 	0.7392	  	 	 	0.7229	  	 	 	0.7062	  
	 	 	52	  	 	 	0.8842	  	 	 	0.8745	  	 	 	0.8642	  	 	 	0.8533	  	 	 	0.8417	  	 	 	0.8296	  	 	 	0.8169	  	 	 	0.8036	  	 	 	0.7897	  	 	 	0.7752	  	 	 	0.7601	  	 	 	0.7444	  	 	 	0.7282	  	 	 	0.7114	  

  
 88 

 APPENDICES 
  

 Sub appendix A. 2 

Table H – 
 For
Distributions Beginning On And After July 1, 2004 
 50% Joint And Survivor Without Pop-Up 

O&R Participants 
  

																																																													
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	53	  	 	 	0.8883	  	 	 	0.8788	  	 	 	0.8687	  	 	 	0.8579	  	 	 	0.8464	  	 	 	0.8344	  	 	 	0.8219	  	 	 	0.8087	  	 	 	0.7948	  	 	 	0.7804	  	 	 	0.7655	  	 	 	0.7498	  	 	 	0.7337	  	 	 	0.7169	  
	 	 	54	  	 	 	0.8924	  	 	 	0.8831	  	 	 	0.8731	  	 	 	0.8625	  	 	 	0.8512	  	 	 	0.8394	  	 	 	0.8270	  	 	 	0.8139	  	 	 	0.8002	  	 	 	0.7859	  	 	 	0.7709	  	 	 	0.7554	  	 	 	0.7393	  	 	 	0.7226	  
	 	 	55	  	 	 	0.8966	  	 	 	0.8875	  	 	 	0.8777	  	 	 	0.8673	  	 	 	0.8562	  	 	 	0.8445	  	 	 	0.8322	  	 	 	0.8193	  	 	 	0.8057	  	 	 	0.7915	  	 	 	0.7767	  	 	 	0.7612	  	 	 	0.7452	  	 	 	0.7286	  
	 	 	56	  	 	 	0.9008	  	 	 	0.8919	  	 	 	0.8824	  	 	 	0.8721	  	 	 	0.8612	  	 	 	0.8497	  	 	 	0.8376	  	 	 	0.8248	  	 	 	0.8113	  	 	 	0.7973	  	 	 	0.7827	  	 	 	0.7672	  	 	 	0.7513	  	 	 	0.7348	  
	 	 	57	  	 	 	0.9052	  	 	 	0.8965	  	 	 	0.8870	  	 	 	0.8771	  	 	 	0.8664	  	 	 	0.8550	  	 	 	0.8431	  	 	 	0.8305	  	 	 	0.8172	  	 	 	0.8033	  	 	 	0.7887	  	 	 	0.7735	  	 	 	0.7577	  	 	 	0.7412	  
	 	 	58	  	 	 	0.9094	  	 	 	0.9010	  	 	 	0.8918	  	 	 	0.8820	  	 	 	0.8715	  	 	 	0.8605	  	 	 	0.8487	  	 	 	0.8363	  	 	 	0.8232	  	 	 	0.8095	  	 	 	0.7951	  	 	 	0.7800	  	 	 	0.7643	  	 	 	0.7479	  
	 	 	59	  	 	 	0.9138	  	 	 	0.9055	  	 	 	0.8966	  	 	 	0.8871	  	 	 	0.8768	  	 	 	0.8659	  	 	 	0.8545	  	 	 	0.8422	  	 	 	0.8293	  	 	 	0.8158	  	 	 	0.8016	  	 	 	0.7867	  	 	 	0.7711	  	 	 	0.7549	  
	 	 	60	  	 	 	0.9181	  	 	 	0.9101	  	 	 	0.9014	  	 	 	0.8921	  	 	 	0.8822	  	 	 	0.8715	  	 	 	0.8603	  	 	 	0.8483	  	 	 	0.8356	  	 	 	0.8223	  	 	 	0.8083	  	 	 	0.7935	  	 	 	0.7782	  	 	 	0.7620	  
	 	 	61	  	 	 	0.8352	  	 	 	0.9146	  	 	 	0.9062	  	 	 	0.8972	  	 	 	0.8875	  	 	 	0.8772	  	 	 	0.8662	  	 	 	0.8544	  	 	 	0.8420	  	 	 	0.8289	  	 	 	0.8151	  	 	 	0.8005	  	 	 	0.7854	  	 	 	0.7694	  
	 	 	62	  	 	 	0.9265	  	 	 	0.9191	  	 	 	0.9110	  	 	 	0.9023	  	 	 	0.8928	  	 	 	0.8828	  	 	 	0.8721	  	 	 	0.8607	  	 	 	0.8485	  	 	 	0.8357	  	 	 	0.8221	  	 	 	0.8078	  	 	 	0.7928	  	 	 	0.7770	  
	 	 	63	  	 	 	0.9307	  	 	 	0.9235	  	 	 	0.9158	  	 	 	0.9074	  	 	 	0.8983	  	 	 	0.8885	  	 	 	0.8781	  	 	 	0.8669	  	 	 	0.8551	  	 	 	0.8425	  	 	 	0.8292	  	 	 	0.8151	  	 	 	0.8004	  	 	 	0.7849	  
	 	 	64	  	 	 	0.9348	  	 	 	0.9280	  	 	 	0.9205	  	 	 	0.9124	  	 	 	0.9036	  	 	 	0.8941	  	 	 	0.8841	  	 	 	0.8732	  	 	 	0.8616	  	 	 	0.8494	  	 	 	0.8364	  	 	 	0.8226	  	 	 	0.8082	  	 	 	0.7929	  
	 	 	65	  	 	 	0.9388	  	 	 	0.9323	  	 	 	0.9252	  	 	 	0.9174	  	 	 	0.9089	  	 	 	0.8998	  	 	 	0.8900	  	 	 	0.8795	  	 	 	0.8683	  	 	 	0.8564	  	 	 	0.8437	  	 	 	0.8301	  	 	 	0.8160	  	 	 	0.8010	  
	 	 	66	  	 	 	0.9427	  	 	 	0.9365	  	 	 	0.9297	  	 	 	0.9223	  	 	 	0.9141	  	 	 	0.9053	  	 	 	0.8960	  	 	 	0.8858	  	 	 	0.8749	  	 	 	0.8633	  	 	 	0.8510	  	 	 	0.8378	  	 	 	0.8239	  	 	 	0.8092	  
	 	 	67	  	 	 	0.9466	  	 	 	0.9406	  	 	 	0.9341	  	 	 	0.9271	  	 	 	0.9193	  	 	 	0.9109	  	 	 	0.9019	  	 	 	0.8921	  	 	 	0.8815	  	 	 	0.8703	  	 	 	0.8583	  	 	 	0.8455	  	 	 	0.8319	  	 	 	0.8176	  
	 	 	68	  	 	 	0.9503	  	 	 	0.9447	  	 	 	0.9385	  	 	 	0.9318	  	 	 	0.9243	  	 	 	0.9163	  	 	 	0.9076	  	 	 	0.8982	  	 	 	0.8881	  	 	 	0.8772	  	 	 	0.8656	  	 	 	0.8532	  	 	 	0.8400	  	 	 	0.8260	  
	 	 	69	  	 	 	0.9538	  	 	 	0.9485	  	 	 	0.9427	  	 	 	0.9363	  	 	 	0.9292	  	 	 	0.9216	  	 	 	0.9133	  	 	 	0.9043	  	 	 	0.8945	  	 	 	0.8841	  	 	 	0.8729	  	 	 	0.8608	  	 	 	0.8480	  	 	 	0.8343	  
	 	 	70	  	 	 	0.9572	  	 	 	0.9522	  	 	 	0.9468	  	 	 	0.9407	  	 	 	0.9340	  	 	 	0.9267	  	 	 	0.9189	  	 	 	0.9102	  	 	 	0.9009	  	 	 	0.8909	  	 	 	0.8801	  	 	 	0.8685	  	 	 	0.8560	  	 	 	0.8427	  
	 	 	71	  	 	 	0.9604	  	 	 	0.9558	  	 	 	0.9506	  	 	 	0.9450	  	 	 	0.9386	  	 	 	0.9317	  	 	 	0.9242	  	 	 	0.9161	  	 	 	0.9071	  	 	 	0.8975	  	 	 	0.8872	  	 	 	0.8760	  	 	 	0.8640	  	 	 	0.8512	  
	 	 	72	  	 	 	0.9635	  	 	 	0.9592	  	 	 	0.9544	  	 	 	0.9490	  	 	 	0.9431	  	 	 	0.9366	  	 	 	0.9295	  	 	 	0.9217	  	 	 	0.9132	  	 	 	0.9041	  	 	 	0.8942	  	 	 	0.8834	  	 	 	0.8719	  	 	 	0.8595	  
	 	 	73	  	 	 	0.9665	  	 	 	0.9625	  	 	 	0.9579	  	 	 	0.9529	  	 	 	0.9474	  	 	 	0.9412	  	 	 	0.9346	  	 	 	0.9272	  	 	 	0.9191	  	 	 	0.9104	  	 	 	0.9010	  	 	 	0.8907	  	 	 	0.8796	  	 	 	0.8678	  
	 	 	74	  	 	 	0.9693	  	 	 	0.9655	  	 	 	0.9613	  	 	 	0.9566	  	 	 	0.9514	  	 	 	0.9457	  	 	 	0.9394	  	 	 	0.9325	  	 	 	0.9248	  	 	 	0.9167	  	 	 	0.9077	  	 	 	0.8978	  	 	 	0.8873	  	 	 	0.8758	  
	 	 	75	  	 	 	0.9719	  	 	 	0.9685	  	 	 	0.9645	  	 	 	0.9602	  	 	 	0.9553	  	 	 	0.9499	  	 	 	0.9441	  	 	 	0.9375	  	 	 	0.9304	  	 	 	0.9226	  	 	 	0.9141	  	 	 	0.9048	  	 	 	0.8947	  	 	 	0.8837	  
	 	 	76	  	 	 	0.9743	  	 	 	0.9711	  	 	 	0.9676	  	 	 	0.9635	  	 	 	0.9590	  	 	 	0.9540	  	 	 	0.9485	  	 	 	0.9424	  	 	 	0.9357	  	 	 	0.9283	  	 	 	0.9203	  	 	 	0.9115	  	 	 	0.9019	  	 	 	0.8915	  
	 	 	77	  	 	 	0.9766	  	 	 	0.9737	  	 	 	0.9704	  	 	 	0.9667	  	 	 	0.9624	  	 	 	0.9578	  	 	 	0.9527	  	 	 	0.9470	  	 	 	0.9406	  	 	 	0.9338	  	 	 	0.9263	  	 	 	0.9178	  	 	 	0.9088	  	 	 	0.8990	  
	 	 	78	  	 	 	0.9788	  	 	 	0.9761	  	 	 	0.9730	  	 	 	0.9696	  	 	 	0.9657	  	 	 	0.9614	  	 	 	0.9567	  	 	 	0.9514	  	 	 	0.9455	  	 	 	0.9391	  	 	 	0.9320	  	 	 	0.9240	  	 	 	0.9155	  	 	 	0.9061	  
	 	 	79	  	 	 	0.9807	  	 	 	0.9783	  	 	 	0.9754	  	 	 	0.9723	  	 	 	0.9687	  	 	 	0.9648	  	 	 	0.9604	  	 	 	0.9554	  	 	 	0.9500	  	 	 	0.9439	  	 	 	0.9374	  	 	 	0.9299	  	 	 	0.9219	  	 	 	0.9130	  
	 	 	80	  	 	 	0.9826	  	 	 	0.9803	  	 	 	0.9778	  	 	 	0.9748	  	 	 	0.9715	  	 	 	0.9679	  	 	 	0.9638	  	 	 	0.9593	  	 	 	0.9541	  	 	 	0.9486	  	 	 	0.9424	  	 	 	0.9355	  	 	 	0.9280	  	 	 	0.9197	  
	 	 	81	  	 	 	0.9842	  	 	 	0.9822	  	 	 	0.9798	  	 	 	0.9772	  	 	 	0.9742	  	 	 	0.9708	  	 	 	0.9670	  	 	 	0.9629	  	 	 	0.9581	  	 	 	0.9530	  	 	 	0.9473	  	 	 	0.9407	  	 	 	0.9338	  	 	 	0.9259	  
	 	 	82	  	 	 	0.9858	  	 	 	0.9839	  	 	 	0.9818	  	 	 	0.9794	  	 	 	0.9765	  	 	 	0.9734	  	 	 	0.9701	  	 	 	0.9662	  	 	 	0.9618	  	 	 	0.9571	  	 	 	0.9517	  	 	 	0.9458	  	 	 	0.9392	  	 	 	0.9318	  
	 	 	83	  	 	 	0.9872	  	 	 	0.9855	  	 	 	0.9836	  	 	 	0.9814	  	 	 	0.9788	  	 	 	0.9760	  	 	 	0.9729	  	 	 	0.9693	  	 	 	0.9653	  	 	 	0.9609	  	 	 	0.9560	  	 	 	0.9504	  	 	 	0.9443	  	 	 	0.9375	  
	 	 	84	  	 	 	0.9885	  	 	 	0.9869	  	 	 	0.9852	  	 	 	0.9832	  	 	 	0.9809	  	 	 	0.9783	  	 	 	0.9755	  	 	 	0.9722	  	 	 	0.9685	  	 	 	0.9645	  	 	 	0.9600	  	 	 	0.9548	  	 	 	0.9491	  	 	 	0.9428	  
	 	 	85	  	 	 	0.9897	  	 	 	0.9883	  	 	 	0.9867	  	 	 	0.9849	  	 	 	0.9828	  	 	 	0.9805	  	 	 	0.9779	  	 	 	0.9749	  	 	 	0.9715	  	 	 	0.9678	  	 	 	0.9637	  	 	 	0.9589	  	 	 	0.9537	  	 	 	0.9478	  

  
 89 

 APPENDICES 

Sub appendix A. 2 
 Table
I – 
 Distributions Beginning On And After July 1, 2004 

100% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	20	  	 	 	0.9497	  	 	 	0.9458	  	 	 	0.9418	  	 	 	0.9375	  	 	 	0.9330	  	 	 	0.9282	  	 	 	0.9231	  	 	 	0.9177	  	 	 	0.9121	  	 	 	0.9061	  	 	 	0.8998	  	 	 	0.8931	  	 	 	0.8861	  	 	 	0.8788	  	 	 	0.8711	  	 	 	0.8631	  
	 	 	21	  	 	 	0.9509	  	 	 	0.9471	  	 	 	0.9432	  	 	 	0.9389	  	 	 	0.9344	  	 	 	0.9297	  	 	 	0.9247	  	 	 	0.9193	  	 	 	0.9136	  	 	 	0.9077	  	 	 	0.9014	  	 	 	0.8948	  	 	 	0.8878	  	 	 	0.8805	  	 	 	0.8729	  	 	 	0.8649	  
	 	 	22	  	 	 	0.9522	  	 	 	0.9485	  	 	 	0.9446	  	 	 	0.9404	  	 	 	0.9359	  	 	 	0.9312	  	 	 	0.9262	  	 	 	0.9209	  	 	 	0.9153	  	 	 	0.9094	  	 	 	0.9031	  	 	 	0.8965	  	 	 	0.8896	  	 	 	0.8824	  	 	 	0.8747	  	 	 	0.8667	  
	 	 	23	  	 	 	0.9535	  	 	 	0.9498	  	 	 	0.9460	  	 	 	0.9419	  	 	 	0.9374	  	 	 	0.9327	  	 	 	0.9278	  	 	 	0.9226	  	 	 	0.9170	  	 	 	0.9111	  	 	 	0.9049	  	 	 	0.8983	  	 	 	0.8914	  	 	 	0.8842	  	 	 	0.8766	  	 	 	0.8686	  
	 	 	24	  	 	 	0.9548	  	 	 	0.9512	  	 	 	0.9474	  	 	 	0.9433	  	 	 	0.9389	  	 	 	0.9343	  	 	 	0.9294	  	 	 	0.9243	  	 	 	0.9187	  	 	 	0.9129	  	 	 	0.9067	  	 	 	0.9002	  	 	 	0.8933	  	 	 	0.8861	  	 	 	0.8785	  	 	 	0.8706	  
	 	 	25	  	 	 	0.9561	  	 	 	0.9526	  	 	 	0.9488	  	 	 	0.9448	  	 	 	0.9405	  	 	 	0.9359	  	 	 	0.9311	  	 	 	0.9260	  	 	 	0.9205	  	 	 	0.9147	  	 	 	0.9086	  	 	 	0.9020	  	 	 	0.8952	  	 	 	0.8881	  	 	 	0.8805	  	 	 	0.8726	  
	 	 	26	  	 	 	0.9575	  	 	 	0.9540	  	 	 	0.9503	  	 	 	0.9463	  	 	 	0.9421	  	 	 	0.9376	  	 	 	0.9328	  	 	 	0.9277	  	 	 	0.9223	  	 	 	0.9166	  	 	 	0.9105	  	 	 	0.9040	  	 	 	0.8972	  	 	 	0.8901	  	 	 	0.8826	  	 	 	0.8748	  
	 	 	27	  	 	 	0.9588	  	 	 	0.9553	  	 	 	0.9518	  	 	 	0.9479	  	 	 	0.9437	  	 	 	0.9392	  	 	 	0.9345	  	 	 	0.9295	  	 	 	0.9241	  	 	 	0.9184	  	 	 	0.9124	  	 	 	0.9060	  	 	 	0.8993	  	 	 	0.8922	  	 	 	0.8847	  	 	 	0.8769	  
	 	 	28	  	 	 	0.9601	  	 	 	0.9567	  	 	 	0.9532	  	 	 	0.9494	  	 	 	0.9453	  	 	 	0.9409	  	 	 	0.9363	  	 	 	0.9313	  	 	 	0.9260	  	 	 	0.9204	  	 	 	0.9144	  	 	 	0.9081	  	 	 	0.9014	  	 	 	0.8943	  	 	 	0.8869	  	 	 	0.8791	  
	 	 	29	  	 	 	0.9614	  	 	 	0.9581	  	 	 	0.9547	  	 	 	0.9509	  	 	 	0.9469	  	 	 	0.9426	  	 	 	0.9380	  	 	 	0.9332	  	 	 	0.9279	  	 	 	0.9223	  	 	 	0.9164	  	 	 	0.9101	  	 	 	0.9035	  	 	 	0.8966	  	 	 	0.8892	  	 	 	0.8815	  
	 	 	30	  	 	 	0.9627	  	 	 	0.9595	  	 	 	0.9562	  	 	 	0.9525	  	 	 	0.9485	  	 	 	0.9443	  	 	 	0.9398	  	 	 	0.9350	  	 	 	0.9298	  	 	 	0.9243	  	 	 	0.9185	  	 	 	0.9123	  	 	 	0.9057	  	 	 	0.8988	  	 	 	0.8915	  	 	 	0.8838	  
	 	 	31	  	 	 	0.9640	  	 	 	0.9609	  	 	 	0.9576	  	 	 	0.9540	  	 	 	0.9501	  	 	 	0.9460	  	 	 	0.9416	  	 	 	0.9369	  	 	 	0.9318	  	 	 	0.9264	  	 	 	0.9206	  	 	 	0.9145	  	 	 	0.9080	  	 	 	0.9012	  	 	 	0.8938	  	 	 	0.8863	  
	 	 	32	  	 	 	0.9653	  	 	 	0.9623	  	 	 	0.9591	  	 	 	0.9556	  	 	 	0.9518	  	 	 	0.9477	  	 	 	0.9434	  	 	 	0.9387	  	 	 	0.9337	  	 	 	0.9284	  	 	 	0.9228	  	 	 	0.9167	  	 	 	0.9102	  	 	 	0.9035	  	 	 	0.8962	  	 	 	0.8887	  
	 	 	33	  	 	 	0.9666	  	 	 	0.9637	  	 	 	0.9605	  	 	 	0.9571	  	 	 	0.9534	  	 	 	0.9494	  	 	 	0.9452	  	 	 	0.9407	  	 	 	0.9357	  	 	 	0.9305	  	 	 	0.9249	  	 	 	0.9189	  	 	 	0.9125	  	 	 	0.9059	  	 	 	0.8987	  	 	 	0.8913	  
	 	 	34	  	 	 	0.9679	  	 	 	0.9650	  	 	 	0.9619	  	 	 	0.9586	  	 	 	0.9550	  	 	 	0.9511	  	 	 	0.9470	  	 	 	0.9425	  	 	 	0.9377	  	 	 	0.9326	  	 	 	0.9271	  	 	 	0.9211	  	 	 	0.9149	  	 	 	0.9083	  	 	 	0.9013	  	 	 	0.8938	  
	 	 	35	  	 	 	0.9691	  	 	 	0.9663	  	 	 	0.9633	  	 	 	0.9601	  	 	 	0.9566	  	 	 	0.9528	  	 	 	0.9488	  	 	 	0.9444	  	 	 	0.9397	  	 	 	0.9346	  	 	 	0.9292	  	 	 	0.9234	  	 	 	0.9173	  	 	 	0.9107	  	 	 	0.9038	  	 	 	0.8965	  
	 	 	36	  	 	 	0.9703	  	 	 	0.9676	  	 	 	0.9647	  	 	 	0.9616	  	 	 	0.9582	  	 	 	0.9545	  	 	 	0.9506	  	 	 	0.9463	  	 	 	0.9417	  	 	 	0.9367	  	 	 	0.9314	  	 	 	0.9257	  	 	 	0.9197	  	 	 	0.9133	  	 	 	0.9064	  	 	 	0.8992	  
	 	 	37	  	 	 	0.9715	  	 	 	0.9689	  	 	 	0.9661	  	 	 	0.9631	  	 	 	0.9598	  	 	 	0.9562	  	 	 	0.9524	  	 	 	0.9482	  	 	 	0.9436	  	 	 	0.9389	  	 	 	0.9336	  	 	 	0.9280	  	 	 	0.9221	  	 	 	0.9158	  	 	 	0.9090	  	 	 	0.9019	  
	 	 	38	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9674	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9578	  	 	 	0.9541	  	 	 	0.9500	  	 	 	0.9456	  	 	 	0.9409	  	 	 	0.9358	  	 	 	0.9303	  	 	 	0.9245	  	 	 	0.9183	  	 	 	0.9116	  	 	 	0.9046	  
	 	 	39	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9687	  	 	 	0.9659	  	 	 	0.9628	  	 	 	0.9594	  	 	 	0.9558	  	 	 	0.9519	  	 	 	0.9476	  	 	 	0.9430	  	 	 	0.9380	  	 	 	0.9326	  	 	 	0.9269	  	 	 	0.9209	  	 	 	0.9143	  	 	 	0.9074	  
	 	 	40	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9700	  	 	 	0.9673	  	 	 	0.9643	  	 	 	0.9610	  	 	 	0.9575	  	 	 	0.9537	  	 	 	0.9495	  	 	 	0.9450	  	 	 	0.9402	  	 	 	0.9350	  	 	 	0.9294	  	 	 	0.9234	  	 	 	0.9169	  	 	 	0.9102	  
	 	 	41	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9686	  	 	 	0.9657	  	 	 	0.9626	  	 	 	0.9592	  	 	 	0.9555	  	 	 	0.9514	  	 	 	0.9471	  	 	 	0.9424	  	 	 	0.9373	  	 	 	0.9318	  	 	 	0.9260	  	 	 	0.9196	  	 	 	0.9130	  
	 	 	42	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9672	  	 	 	0.9641	  	 	 	0.9609	  	 	 	0.9573	  	 	 	0.9533	  	 	 	0.9491	  	 	 	0.9445	  	 	 	0.9395	  	 	 	0.9342	  	 	 	0.9285	  	 	 	0.9223	  	 	 	0.9158	  
	 	 	43	  	 	 	0.9780	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9656	  	 	 	0.9625	  	 	 	0.9590	  	 	 	0.9551	  	 	 	0.9511	  	 	 	0.9466	  	 	 	0.9418	  	 	 	0.9365	  	 	 	0.9310	  	 	 	0.9250	  	 	 	0.9186	  
	 	 	44	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9670	  	 	 	0.9640	  	 	 	0.9607	  	 	 	0.9570	  	 	 	0.9531	  	 	 	0.9487	  	 	 	0.9440	  	 	 	0.9389	  	 	 	0.9335	  	 	 	0.9276	  	 	 	0.9214	  
	 	 	45	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9624	  	 	 	0.9588	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9462	  	 	 	0.9413	  	 	 	0.9360	  	 	 	0.9303	  	 	 	0.9242	  
	 	 	46	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9724	  	 	 	0.9698	  	 	 	0.9670	  	 	 	0.9639	  	 	 	0.9605	  	 	 	0.9568	  	 	 	0.9528	  	 	 	0.9483	  	 	 	0.9436	  	 	 	0.9384	  	 	 	0.9329	  	 	 	0.9269	  
	 	 	47	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9622	  	 	 	0.9586	  	 	 	0.9547	  	 	 	0.9504	  	 	 	0.9458	  	 	 	0.9409	  	 	 	0.9355	  	 	 	0.9297	  
	 	 	48	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9790	  	 	 	0.9771	  	 	 	0.9749	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9670	  	 	 	0.9639	  	 	 	0.9604	  	 	 	0.9567	  	 	 	0.9525	  	 	 	0.9481	  	 	 	0.9433	  	 	 	0.9380	  	 	 	0.9324	  
	 	 	49	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9760	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9622	  	 	 	0.9585	  	 	 	0.9545	  	 	 	0.9502	  	 	 	0.9456	  	 	 	0.9405	  	 	 	0.9351	  
	 	 	50	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9809	  	 	 	0.9791	  	 	 	0.9771	  	 	 	0.9749	  	 	 	0.9726	  	 	 	0.9699	  	 	 	0.9670	  	 	 	0.9638	  	 	 	0.9604	  	 	 	0.9565	  	 	 	0.9523	  	 	 	0.9479	  	 	 	0.9429	  	 	 	0.9377	  
	 	 	51	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9713	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9621	  	 	 	0.9584	  	 	 	0.9544	  	 	 	0.9502	  	 	 	0.9454	  	 	 	0.9403	  
	 	 	52	  	 	 	0.9855	  	 	 	0.9841	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9639	  	 	 	0.9603	  	 	 	0.9565	  	 	 	0.9523	  	 	 	0.9477	  	 	 	0.9428	  

  
 90 

 APPENDICES 
  

 Sub appendix A. 2 

Table I – 

Distributions Beginning On And After July 1, 2004 

100% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	53	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9783	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9686	  	 	 	0.9655	  	 	 	0.9621	  	 	 	0.9584	  	 	 	0.9544	  	 	 	0.9500	  	 	 	0.9453	  
	 	 	54	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9727	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9639	  	 	 	0.9603	  	 	 	0.9565	  	 	 	0.9523	  	 	 	0.9477	  
	 	 	55	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9715	  	 	 	0.9687	  	 	 	0.9656	  	 	 	0.9622	  	 	 	0.9585	  	 	 	0.9544	  	 	 	0.9501	  
	 	 	56	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9672	  	 	 	0.9639	  	 	 	0.9605	  	 	 	0.9565	  	 	 	0.9524	  
	 	 	57	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9688	  	 	 	0.9657	  	 	 	0.9623	  	 	 	0.9586	  	 	 	0.9545	  
	 	 	58	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9703	  	 	 	0.9674	  	 	 	0.9641	  	 	 	0.9605	  	 	 	0.9567	  
	 	 	59	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9625	  	 	 	0.9588	  
	 	 	60	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9732	  	 	 	0.9705	  	 	 	0.9676	  	 	 	0.9643	  	 	 	0.9608	  
	 	 	61	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9746	  	 	 	0.9720	  	 	 	0.9692	  	 	 	0.9661	  	 	 	0.9627	  
	 	 	62	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9781	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9677	  	 	 	0.9645	  
	 	 	63	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9771	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9664	  
	 	 	64	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9737	  	 	 	0.9709	  	 	 	0.9680	  
	 	 	65	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9750	  	 	 	0.9724	  	 	 	0.9697	  
	 	 	66	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9713	  
	 	 	67	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9776	  	 	 	0.9752	  	 	 	0.9727	  
	 	 	68	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9742	  
	 	 	69	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9756	  
	 	 	70	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9769	  
	 	 	71	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9801	  	 	 	0.9781	  
	 	 	72	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9793	  
	 	 	73	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9822	  	 	 	0.9805	  
	 	 	74	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9832	  	 	 	0.9815	  
	 	 	75	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  
	 	 	76	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9835	  
	 	 	77	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9845	  
	 	 	78	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9853	  
	 	 	79	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9862	  
	 	 	80	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9870	  
	 	 	81	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  
	 	 	82	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9884	  
	 	 	83	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9891	  
	 	 	84	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  
	 	 	85	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9904	  

  
 91 

 APPENDICES 
  

 Sub appendix A. 2 

Table I – 

Distributions Beginning On And After July 1, 2004 

100% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	20	  	 	 	0.8549	  	 	 	0.8462	  	 	 	0.8372	  	 	 	0.8278	  	 	 	0.8181	  	 	 	0.8080	  	 	 	0.7975	  	 	 	0.7867	  	 	 	0.7755	  	 	 	0.7637	  	 	 	0.7516	  	 	 	0.7390	  	 	 	0.7259	  	 	 	0.7124	  	 	 	0.6983	  	 	 	0.6839	  
	 	 	21	  	 	 	0.8566	  	 	 	0.8480	  	 	 	0.8390	  	 	 	0.8296	  	 	 	0.8199	  	 	 	0.8098	  	 	 	0.7994	  	 	 	0.7885	  	 	 	0.7772	  	 	 	0.7655	  	 	 	0.7534	  	 	 	0.7408	  	 	 	0.7277	  	 	 	0.7141	  	 	 	0.7000	  	 	 	0.6856	  
	 	 	22	  	 	 	0.8585	  	 	 	0.8498	  	 	 	0.8408	  	 	 	0.8315	  	 	 	0.8218	  	 	 	0.8117	  	 	 	0.8013	  	 	 	0.7904	  	 	 	0.7791	  	 	 	0.7674	  	 	 	0.7552	  	 	 	0.7426	  	 	 	0.7295	  	 	 	0.7159	  	 	 	0.7018	  	 	 	0.6873	  
	 	 	23	  	 	 	0.8604	  	 	 	0.8517	  	 	 	0.8428	  	 	 	0.8335	  	 	 	0.8238	  	 	 	0.8137	  	 	 	0.8032	  	 	 	0.7924	  	 	 	0.7811	  	 	 	0.7693	  	 	 	0.7571	  	 	 	0.7445	  	 	 	0.7314	  	 	 	0.7178	  	 	 	0.7037	  	 	 	0.6892	  
	 	 	24	  	 	 	0.8624	  	 	 	0.8537	  	 	 	0.8448	  	 	 	0.8355	  	 	 	0.8258	  	 	 	0.8157	  	 	 	0.8052	  	 	 	0.7944	  	 	 	0.7831	  	 	 	0.7714	  	 	 	0.7592	  	 	 	0.7465	  	 	 	0.7334	  	 	 	0.7198	  	 	 	0.7057	  	 	 	0.6911	  
	 	 	25	  	 	 	0.8644	  	 	 	0.8558	  	 	 	0.8469	  	 	 	0.8376	  	 	 	0.8280	  	 	 	0.8178	  	 	 	0.8074	  	 	 	0.7966	  	 	 	0.7853	  	 	 	0.7735	  	 	 	0.7613	  	 	 	0.7487	  	 	 	0.7355	  	 	 	0.7219	  	 	 	0.7078	  	 	 	0.6932	  
	 	 	26	  	 	 	0.8666	  	 	 	0.8580	  	 	 	0.8491	  	 	 	0.8398	  	 	 	0.8302	  	 	 	0.8201	  	 	 	0.8096	  	 	 	0.7988	  	 	 	0.7875	  	 	 	0.7757	  	 	 	0.7636	  	 	 	0.7509	  	 	 	0.7377	  	 	 	0.7241	  	 	 	0.7099	  	 	 	0.6953	  
	 	 	27	  	 	 	0.8688	  	 	 	0.8602	  	 	 	0.8513	  	 	 	0.8421	  	 	 	0.8324	  	 	 	0.8224	  	 	 	0.8119	  	 	 	0.8011	  	 	 	0.7898	  	 	 	0.7781	  	 	 	0.7659	  	 	 	0.7532	  	 	 	0.7400	  	 	 	0.7264	  	 	 	0.7122	  	 	 	0.6976	  
	 	 	28	  	 	 	0.8711	  	 	 	0.8625	  	 	 	0.8537	  	 	 	0.8444	  	 	 	0.8348	  	 	 	0.8248	  	 	 	0.8144	  	 	 	0.8036	  	 	 	0.7923	  	 	 	0.7805	  	 	 	0.7683	  	 	 	0.7556	  	 	 	0.7424	  	 	 	0.7287	  	 	 	0.7145	  	 	 	0.6999	  
	 	 	29	  	 	 	0.8734	  	 	 	0.8649	  	 	 	0.8561	  	 	 	0.8469	  	 	 	0.8373	  	 	 	0.8273	  	 	 	0.8169	  	 	 	0.8061	  	 	 	0.7948	  	 	 	0.7830	  	 	 	0.7708	  	 	 	0.7581	  	 	 	0.7449	  	 	 	0.7312	  	 	 	0.7170	  	 	 	0.7024	  
	 	 	30	  	 	 	0.8758	  	 	 	0.8673	  	 	 	0.8586	  	 	 	0.8494	  	 	 	0.8398	  	 	 	0.8298	  	 	 	0.8195	  	 	 	0.8087	  	 	 	0.7974	  	 	 	0.7857	  	 	 	0.7734	  	 	 	0.7608	  	 	 	0.7475	  	 	 	0.7339	  	 	 	0.7196	  	 	 	0.7049	  
	 	 	31	  	 	 	0.8783	  	 	 	0.8699	  	 	 	0.8611	  	 	 	0.8520	  	 	 	0.8425	  	 	 	0.8325	  	 	 	0.8222	  	 	 	0.8114	  	 	 	0.8002	  	 	 	0.7884	  	 	 	0.7762	  	 	 	0.7635	  	 	 	0.7503	  	 	 	0.7366	  	 	 	0.7223	  	 	 	0.7076	  
	 	 	32	  	 	 	0.8808	  	 	 	0.8725	  	 	 	0.8638	  	 	 	0.8547	  	 	 	0.8452	  	 	 	0.8353	  	 	 	0.8250	  	 	 	0.8142	  	 	 	0.8030	  	 	 	0.7912	  	 	 	0.7790	  	 	 	0.7663	  	 	 	0.7531	  	 	 	0.7394	  	 	 	0.7252	  	 	 	0.7104	  
	 	 	33	  	 	 	0.8834	  	 	 	0.8751	  	 	 	0.8665	  	 	 	0.8575	  	 	 	0.8480	  	 	 	0.8381	  	 	 	0.8279	  	 	 	0.8172	  	 	 	0.8059	  	 	 	0.7942	  	 	 	0.7820	  	 	 	0.7693	  	 	 	0.7561	  	 	 	0.7424	  	 	 	0.7281	  	 	 	0.7134	  
	 	 	34	  	 	 	0.8861	  	 	 	0.8779	  	 	 	0.8693	  	 	 	0.8603	  	 	 	0.8509	  	 	 	0.8411	  	 	 	0.8308	  	 	 	0.8202	  	 	 	0.8090	  	 	 	0.7973	  	 	 	0.7851	  	 	 	0.7724	  	 	 	0.7592	  	 	 	0.7455	  	 	 	0.7312	  	 	 	0.7164	  
	 	 	35	  	 	 	0.8888	  	 	 	0.8807	  	 	 	0.8722	  	 	 	0.8633	  	 	 	0.8539	  	 	 	0.8441	  	 	 	0.8339	  	 	 	0.8233	  	 	 	0.8121	  	 	 	0.8004	  	 	 	0.7883	  	 	 	0.7756	  	 	 	0.7624	  	 	 	0.7487	  	 	 	0.7344	  	 	 	0.7196	  
	 	 	36	  	 	 	0.8915	  	 	 	0.8835	  	 	 	0.8751	  	 	 	0.8662	  	 	 	0.8570	  	 	 	0.8472	  	 	 	0.8371	  	 	 	0.8265	  	 	 	0.8154	  	 	 	0.8037	  	 	 	0.7916	  	 	 	0.7790	  	 	 	0.7658	  	 	 	0.7521	  	 	 	0.7377	  	 	 	0.7230	  
	 	 	37	  	 	 	0.8944	  	 	 	0.8864	  	 	 	0.8781	  	 	 	0.8693	  	 	 	0.8601	  	 	 	0.8504	  	 	 	0.8404	  	 	 	0.8298	  	 	 	0.8188	  	 	 	0.8072	  	 	 	0.7951	  	 	 	0.7824	  	 	 	0.7693	  	 	 	0.7555	  	 	 	0.7412	  	 	 	0.7264	  
	 	 	38	  	 	 	0.8972	  	 	 	0.8894	  	 	 	0.8811	  	 	 	0.8724	  	 	 	0.8633	  	 	 	0.8537	  	 	 	0.8437	  	 	 	0.8333	  	 	 	0.8222	  	 	 	0.8107	  	 	 	0.7986	  	 	 	0.7860	  	 	 	0.7728	  	 	 	0.7591	  	 	 	0.7449	  	 	 	0.7300	  
	 	 	39	  	 	 	0.9001	  	 	 	0.8923	  	 	 	0.8842	  	 	 	0.8756	  	 	 	0.8666	  	 	 	0.8571	  	 	 	0.8471	  	 	 	0.8367	  	 	 	0.8258	  	 	 	0.8143	  	 	 	0.8023	  	 	 	0.7897	  	 	 	0.7766	  	 	 	0.7629	  	 	 	0.7486	  	 	 	0.7338	  
	 	 	40	  	 	 	0.9030	  	 	 	0.8954	  	 	 	0.8873	  	 	 	0.8788	  	 	 	0.8699	  	 	 	0.8605	  	 	 	0.8506	  	 	 	0.8403	  	 	 	0.8295	  	 	 	0.8180	  	 	 	0.8060	  	 	 	0.7935	  	 	 	0.7804	  	 	 	0.7668	  	 	 	0.7525	  	 	 	0.7377	  
	 	 	41	  	 	 	0.9059	  	 	 	0.8984	  	 	 	0.8905	  	 	 	0.8821	  	 	 	0.8733	  	 	 	0.8640	  	 	 	0.8542	  	 	 	0.8440	  	 	 	0.8332	  	 	 	0.8218	  	 	 	0.8099	  	 	 	0.7974	  	 	 	0.7844	  	 	 	0.7708	  	 	 	0.7565	  	 	 	0.7418	  
	 	 	42	  	 	 	0.9089	  	 	 	0.9014	  	 	 	0.8937	  	 	 	0.8854	  	 	 	0.8767	  	 	 	0.8675	  	 	 	0.8579	  	 	 	0.8477	  	 	 	0.8370	  	 	 	0.8257	  	 	 	0.8139	  	 	 	0.8015	  	 	 	0.7885	  	 	 	0.7749	  	 	 	0.7607	  	 	 	0.7459	  
	 	 	43	  	 	 	0.9118	  	 	 	0.9046	  	 	 	0.8969	  	 	 	0.8888	  	 	 	0.8802	  	 	 	0.8712	  	 	 	0.8616	  	 	 	0.8515	  	 	 	0.8409	  	 	 	0.8297	  	 	 	0.8180	  	 	 	0.8057	  	 	 	0.7927	  	 	 	0.7792	  	 	 	0.7650	  	 	 	0.7503	  
	 	 	44	  	 	 	0.9148	  	 	 	0.9077	  	 	 	0.9001	  	 	 	0.8921	  	 	 	0.8837	  	 	 	0.8748	  	 	 	0.8653	  	 	 	0.8554	  	 	 	0.8450	  	 	 	0.8338	  	 	 	0.8222	  	 	 	0.8099	  	 	 	0.7971	  	 	 	0.7836	  	 	 	0.7694	  	 	 	0.7548	  
	 	 	45	  	 	 	0.9177	  	 	 	0.9107	  	 	 	0.9034	  	 	 	0.8955	  	 	 	0.8872	  	 	 	0.8785	  	 	 	0.8692	  	 	 	0.8594	  	 	 	0.8490	  	 	 	0.8380	  	 	 	0.8265	  	 	 	0.8143	  	 	 	0.8015	  	 	 	0.7881	  	 	 	0.7740	  	 	 	0.7594	  
	 	 	46	  	 	 	0.9206	  	 	 	0.9138	  	 	 	0.9066	  	 	 	0.8990	  	 	 	0.8908	  	 	 	0.8822	  	 	 	0.8730	  	 	 	0.8634	  	 	 	0.8531	  	 	 	0.8423	  	 	 	0.8308	  	 	 	0.8188	  	 	 	0.8061	  	 	 	0.7928	  	 	 	0.7788	  	 	 	0.7642	  
	 	 	47	  	 	 	0.9235	  	 	 	0.9169	  	 	 	0.9099	  	 	 	0.9024	  	 	 	0.8944	  	 	 	0.8859	  	 	 	0.8769	  	 	 	0.8674	  	 	 	0.8573	  	 	 	0.8466	  	 	 	0.8353	  	 	 	0.8233	  	 	 	0.8108	  	 	 	0.7976	  	 	 	0.7836	  	 	 	0.7691	  
	 	 	48	  	 	 	0.9264	  	 	 	0.9200	  	 	 	0.9131	  	 	 	0.9057	  	 	 	0.8980	  	 	 	0.8896	  	 	 	0.8808	  	 	 	0.8715	  	 	 	0.8616	  	 	 	0.8510	  	 	 	0.8398	  	 	 	0.8280	  	 	 	0.8155	  	 	 	0.8024	  	 	 	0.7885	  	 	 	0.7741	  
	 	 	49	  	 	 	0.9293	  	 	 	0.9230	  	 	 	0.9163	  	 	 	0.9091	  	 	 	0.9015	  	 	 	0.8934	  	 	 	0.8847	  	 	 	0.8756	  	 	 	0.8658	  	 	 	0.8554	  	 	 	0.8444	  	 	 	0.8327	  	 	 	0.8204	  	 	 	0.8074	  	 	 	0.7936	  	 	 	0.7793	  
	 	 	50	  	 	 	0.9321	  	 	 	0.9260	  	 	 	0.9195	  	 	 	0.9125	  	 	 	0.9051	  	 	 	0.8971	  	 	 	0.8887	  	 	 	0.8797	  	 	 	0.8701	  	 	 	0.8599	  	 	 	0.8490	  	 	 	0.8375	  	 	 	0.8253	  	 	 	0.8124	  	 	 	0.7988	  	 	 	0.7846	  
	 	 	51	  	 	 	0.9349	  	 	 	0.9289	  	 	 	0.9226	  	 	 	0.9158	  	 	 	0.9086	  	 	 	0.9008	  	 	 	0.8926	  	 	 	0.8838	  	 	 	0.8744	  	 	 	0.8643	  	 	 	0.8537	  	 	 	0.8423	  	 	 	0.8303	  	 	 	0.8176	  	 	 	0.8041	  	 	 	0.7900	  
	 	 	52	  	 	 	0.9375	  	 	 	0.9318	  	 	 	0.9257	  	 	 	0.9191	  	 	 	0.9122	  	 	 	0.9046	  	 	 	0.8965	  	 	 	0.8879	  	 	 	0.8787	  	 	 	0.8689	  	 	 	0.8584	  	 	 	0.8472	  	 	 	0.8354	  	 	 	0.8228	  	 	 	0.8095	  	 	 	0.7955	  

  
 92 

 APPENDICES 
  

 Sub appendix A. 2 

Table I – 

Distributions Beginning On And After July 1, 2004 

100% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	53	  	 	 	0.9402	  	 	 	0.9347	  	 	 	0.9288	  	 	 	0.9224	  	 	 	0.9156	  	 	 	0.9083	  	 	 	0.9004	  	 	 	0.8920	  	 	 	0.8831	  	 	 	0.8734	  	 	 	0.8631	  	 	 	0.8521	  	 	 	0.8405	  	 	 	0.8281	  	 	 	0.8149	  	 	 	0.8011	  
	 	 	54	  	 	 	0.9428	  	 	 	0.9374	  	 	 	0.9318	  	 	 	0.9256	  	 	 	0.9190	  	 	 	0.9119	  	 	 	0.9043	  	 	 	0.8961	  	 	 	0.8874	  	 	 	0.8779	  	 	 	0.8679	  	 	 	0.8571	  	 	 	0.8457	  	 	 	0.8335	  	 	 	0.8205	  	 	 	0.8068	  
	 	 	55	  	 	 	0.9454	  	 	 	0.9402	  	 	 	0.9347	  	 	 	0.9288	  	 	 	0.9224	  	 	 	0.9155	  	 	 	0.9081	  	 	 	0.9002	  	 	 	0.8917	  	 	 	0.8824	  	 	 	0.8726	  	 	 	0.8621	  	 	 	0.8509	  	 	 	0.8388	  	 	 	0.8261	  	 	 	0.8126	  
	 	 	56	  	 	 	0.9478	  	 	 	0.9429	  	 	 	0.9376	  	 	 	0.9319	  	 	 	0.9257	  	 	 	0.9190	  	 	 	0.9118	  	 	 	0.9042	  	 	 	0.8959	  	 	 	0.8870	  	 	 	0.8774	  	 	 	0.8671	  	 	 	0.8560	  	 	 	0.8443	  	 	 	0.8317	  	 	 	0.8184	  
	 	 	57	  	 	 	0.9502	  	 	 	0.9455	  	 	 	0.9404	  	 	 	0.9349	  	 	 	0.9290	  	 	 	0.9225	  	 	 	0.9155	  	 	 	0.9081	  	 	 	0.9001	  	 	 	0.8914	  	 	 	0.8821	  	 	 	0.8720	  	 	 	0.8613	  	 	 	0.8497	  	 	 	0.8374	  	 	 	0.8243	  
	 	 	58	  	 	 	0.9525	  	 	 	0.9480	  	 	 	0.9431	  	 	 	0.9378	  	 	 	0.9321	  	 	 	0.9259	  	 	 	0.9192	  	 	 	0.9121	  	 	 	0.9043	  	 	 	0.8958	  	 	 	0.8867	  	 	 	0.8770	  	 	 	0.8665	  	 	 	0.8552	  	 	 	0.8431	  	 	 	0.8302	  
	 	 	59	  	 	 	0.9548	  	 	 	0.9505	  	 	 	0.9457	  	 	 	0.9407	  	 	 	0.9352	  	 	 	0.9292	  	 	 	0.9228	  	 	 	0.9159	  	 	 	0.9083	  	 	 	0.9001	  	 	 	0.8914	  	 	 	0.8818	  	 	 	0.8716	  	 	 	0.8606	  	 	 	0.8488	  	 	 	0.8362	  
	 	 	60	  	 	 	0.9570	  	 	 	0.9528	  	 	 	0.9483	  	 	 	0.9434	  	 	 	0.9382	  	 	 	0.9324	  	 	 	0.9263	  	 	 	0.9196	  	 	 	0.9123	  	 	 	0.9044	  	 	 	0.8959	  	 	 	0.8867	  	 	 	0.8767	  	 	 	0.8660	  	 	 	0.8545	  	 	 	0.8421	  
	 	 	61	  	 	 	0.9591	  	 	 	0.9551	  	 	 	0.9508	  	 	 	0.9462	  	 	 	0.9411	  	 	 	0.9356	  	 	 	0.9297	  	 	 	0.9233	  	 	 	0.9163	  	 	 	0.9087	  	 	 	0.9004	  	 	 	0.8915	  	 	 	0.8818	  	 	 	0.8714	  	 	 	0.8601	  	 	 	0.8480	  
	 	 	62	  	 	 	0.9611	  	 	 	0.9573	  	 	 	0.9532	  	 	 	0.9488	  	 	 	0.9440	  	 	 	0.9387	  	 	 	0.9330	  	 	 	0.9269	  	 	 	0.9202	  	 	 	0.9128	  	 	 	0.9049	  	 	 	0.8962	  	 	 	0.8868	  	 	 	0.8767	  	 	 	0.8657	  	 	 	0.8540	  
	 	 	63	  	 	 	0.9630	  	 	 	0.9594	  	 	 	0.9555	  	 	 	0.9513	  	 	 	0.9467	  	 	 	0.9417	  	 	 	0.9362	  	 	 	0.9303	  	 	 	0.9239	  	 	 	0.9168	  	 	 	0.9091	  	 	 	0.9008	  	 	 	0.8918	  	 	 	0.8820	  	 	 	0.8713	  	 	 	0.8598	  
	 	 	64	  	 	 	0.9649	  	 	 	0.9614	  	 	 	0.9578	  	 	 	0.9537	  	 	 	0.9494	  	 	 	0.9445	  	 	 	0.9393	  	 	 	0.9337	  	 	 	0.9276	  	 	 	0.9208	  	 	 	0.9134	  	 	 	0.9054	  	 	 	0.8966	  	 	 	0.8871	  	 	 	0.8767	  	 	 	0.8656	  
	 	 	65	  	 	 	0.9667	  	 	 	0.9634	  	 	 	0.9599	  	 	 	0.9561	  	 	 	0.9519	  	 	 	0.9473	  	 	 	0.9423	  	 	 	0.9370	  	 	 	0.9311	  	 	 	0.9246	  	 	 	0.9175	  	 	 	0.9098	  	 	 	0.9013	  	 	 	0.8922	  	 	 	0.8821	  	 	 	0.8714	  
	 	 	66	  	 	 	0.9685	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9583	  	 	 	0.9543	  	 	 	0.9500	  	 	 	0.9453	  	 	 	0.9402	  	 	 	0.9345	  	 	 	0.9283	  	 	 	0.9215	  	 	 	0.9141	  	 	 	0.9059	  	 	 	0.8971	  	 	 	0.8874	  	 	 	0.8770	  
	 	 	67	  	 	 	0.9701	  	 	 	0.9671	  	 	 	0.9639	  	 	 	0.9605	  	 	 	0.9567	  	 	 	0.9526	  	 	 	0.9480	  	 	 	0.9432	  	 	 	0.9378	  	 	 	0.9318	  	 	 	0.9254	  	 	 	0.9183	  	 	 	0.9105	  	 	 	0.9019	  	 	 	0.8926	  	 	 	0.8825	  
	 	 	68	  	 	 	0.9717	  	 	 	0.9688	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9589	  	 	 	0.9550	  	 	 	0.9507	  	 	 	0.9461	  	 	 	0.9410	  	 	 	0.9354	  	 	 	0.9291	  	 	 	0.9223	  	 	 	0.9148	  	 	 	0.9067	  	 	 	0.8977	  	 	 	0.8879	  
	 	 	69	  	 	 	0.9732	  	 	 	0.9704	  	 	 	0.9676	  	 	 	0.9645	  	 	 	0.9611	  	 	 	0.9574	  	 	 	0.9533	  	 	 	0.9489	  	 	 	0.9441	  	 	 	0.9386	  	 	 	0.9328	  	 	 	0.9263	  	 	 	0.9191	  	 	 	0.9112	  	 	 	0.9026	  	 	 	0.8932	  
	 	 	70	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9664	  	 	 	0.9632	  	 	 	0.9596	  	 	 	0.9558	  	 	 	0.9516	  	 	 	0.9470	  	 	 	0.9419	  	 	 	0.9363	  	 	 	0.9301	  	 	 	0.9233	  	 	 	0.9157	  	 	 	0.9074	  	 	 	0.8984	  
	 	 	71	  	 	 	0.9759	  	 	 	0.9736	  	 	 	0.9709	  	 	 	0.9681	  	 	 	0.9651	  	 	 	0.9618	  	 	 	0.9582	  	 	 	0.9542	  	 	 	0.9498	  	 	 	0.9449	  	 	 	0.9397	  	 	 	0.9338	  	 	 	0.9272	  	 	 	0.9200	  	 	 	0.9121	  	 	 	0.9034	  
	 	 	72	  	 	 	0.9773	  	 	 	0.9749	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9670	  	 	 	0.9638	  	 	 	0.9604	  	 	 	0.9567	  	 	 	0.9526	  	 	 	0.9479	  	 	 	0.9429	  	 	 	0.9373	  	 	 	0.9311	  	 	 	0.9242	  	 	 	0.9166	  	 	 	0.9083	  
	 	 	73	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9740	  	 	 	0.9715	  	 	 	0.9688	  	 	 	0.9658	  	 	 	0.9626	  	 	 	0.9591	  	 	 	0.9551	  	 	 	0.9507	  	 	 	0.9460	  	 	 	0.9406	  	 	 	0.9348	  	 	 	0.9282	  	 	 	0.9210	  	 	 	0.9130	  
	 	 	74	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9677	  	 	 	0.9646	  	 	 	0.9613	  	 	 	0.9576	  	 	 	0.9535	  	 	 	0.9490	  	 	 	0.9439	  	 	 	0.9383	  	 	 	0.9321	  	 	 	0.9252	  	 	 	0.9176	  
	 	 	75	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9694	  	 	 	0.9666	  	 	 	0.9634	  	 	 	0.9600	  	 	 	0.9561	  	 	 	0.9518	  	 	 	0.9470	  	 	 	0.9417	  	 	 	0.9358	  	 	 	0.9292	  	 	 	0.9219	  
	 	 	76	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9780	  	 	 	0.9760	  	 	 	0.9737	  	 	 	0.9711	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9623	  	 	 	0.9585	  	 	 	0.9545	  	 	 	0.9500	  	 	 	0.9450	  	 	 	0.9394	  	 	 	0.9331	  	 	 	0.9262	  
	 	 	77	  	 	 	0.9829	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9728	  	 	 	0.9702	  	 	 	0.9674	  	 	 	0.9643	  	 	 	0.9609	  	 	 	0.9570	  	 	 	0.9528	  	 	 	0.9481	  	 	 	0.9428	  	 	 	0.9368	  	 	 	0.9302	  
	 	 	78	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9693	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9595	  	 	 	0.9555	  	 	 	0.9510	  	 	 	0.9460	  	 	 	0.9403	  	 	 	0.9341	  
	 	 	79	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9735	  	 	 	0.9710	  	 	 	0.9683	  	 	 	0.9652	  	 	 	0.9618	  	 	 	0.9581	  	 	 	0.9538	  	 	 	0.9490	  	 	 	0.9437	  	 	 	0.9378	  
	 	 	80	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9791	  	 	 	0.9771	  	 	 	0.9749	  	 	 	0.9727	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9641	  	 	 	0.9605	  	 	 	0.9565	  	 	 	0.9520	  	 	 	0.9469	  	 	 	0.9414	  
	 	 	81	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9764	  	 	 	0.9743	  	 	 	0.9718	  	 	 	0.9691	  	 	 	0.9661	  	 	 	0.9627	  	 	 	0.9590	  	 	 	0.9548	  	 	 	0.9500	  	 	 	0.9447	  
	 	 	82	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9709	  	 	 	0.9682	  	 	 	0.9650	  	 	 	0.9615	  	 	 	0.9575	  	 	 	0.9529	  	 	 	0.9480	  
	 	 	83	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9637	  	 	 	0.9600	  	 	 	0.9558	  	 	 	0.9511	  
	 	 	84	  	 	 	0.9888	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9765	  	 	 	0.9743	  	 	 	0.9718	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9624	  	 	 	0.9584	  	 	 	0.9540	  
	 	 	85	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9815	  	 	 	0.9798	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9709	  	 	 	0.9680	  	 	 	0.9648	  	 	 	0.9609	  	 	 	0.9567	  

  
 93 

 APPENDICES 
  

 Sub appendix A. 2 

Table I – 

Distributions Beginning On And After July 1, 2004 

100% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																													
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	20	  	 	 	0.6690	  	 	 	0.6537	  	 	 	0.6379	  	 	 	0.6219	  	 	 	0.6055	  	 	 	0.5888	  	 	 	0.5720	  	 	 	0.5549	  	 	 	0.5377	  	 	 	0.5204	  	 	 	0.5030	  	 	 	0.4855	  	 	 	0.4680	  	 	 	0.4505	  
	 	 	21	  	 	 	0.6706	  	 	 	0.6553	  	 	 	0.6396	  	 	 	0.6235	  	 	 	0.6070	  	 	 	0.5903	  	 	 	0.5735	  	 	 	0.5564	  	 	 	0.5391	  	 	 	0.5218	  	 	 	0.5043	  	 	 	0.4868	  	 	 	0.4692	  	 	 	0.4517	  
	 	 	22	  	 	 	0.6724	  	 	 	0.6570	  	 	 	0.6413	  	 	 	0.6251	  	 	 	0.6086	  	 	 	0.5919	  	 	 	0.5750	  	 	 	0.5579	  	 	 	0.5406	  	 	 	0.5232	  	 	 	0.5057	  	 	 	0.4881	  	 	 	0.4705	  	 	 	0.4529	  
	 	 	23	  	 	 	0.6742	  	 	 	0.6588	  	 	 	0.6430	  	 	 	0.6268	  	 	 	0.6103	  	 	 	0.5936	  	 	 	0.5767	  	 	 	0.5595	  	 	 	0.5421	  	 	 	0.5247	  	 	 	0.5072	  	 	 	0.4895	  	 	 	0.4719	  	 	 	0.4543	  
	 	 	24	  	 	 	0.6761	  	 	 	0.6607	  	 	 	0.6449	  	 	 	0.6287	  	 	 	0.6121	  	 	 	0.5953	  	 	 	0.5784	  	 	 	0.5611	  	 	 	0.5438	  	 	 	0.5263	  	 	 	0.5087	  	 	 	0.4910	  	 	 	0.4733	  	 	 	0.4556	  
	 	 	25	  	 	 	0.6781	  	 	 	0.6627	  	 	 	0.6468	  	 	 	0.6306	  	 	 	0.6140	  	 	 	0.5972	  	 	 	0.5801	  	 	 	0.5629	  	 	 	0.5455	  	 	 	0.5279	  	 	 	0.5103	  	 	 	0.4926	  	 	 	0.4748	  	 	 	0.4571	  
	 	 	26	  	 	 	0.6802	  	 	 	0.6647	  	 	 	0.6489	  	 	 	0.6326	  	 	 	0.6160	  	 	 	0.5991	  	 	 	0.5820	  	 	 	0.5647	  	 	 	0.5472	  	 	 	0.5297	  	 	 	0.5120	  	 	 	0.4942	  	 	 	0.4764	  	 	 	0.4586	  
	 	 	27	  	 	 	0.6825	  	 	 	0.6670	  	 	 	0.6510	  	 	 	0.6347	  	 	 	0.6180	  	 	 	0.6011	  	 	 	0.5840	  	 	 	0.5667	  	 	 	0.5491	  	 	 	0.5315	  	 	 	0.5138	  	 	 	0.4959	  	 	 	0.4781	  	 	 	0.4603	  
	 	 	28	  	 	 	0.6848	  	 	 	0.6692	  	 	 	0.6533	  	 	 	0.6369	  	 	 	0.6202	  	 	 	0.6033	  	 	 	0.5861	  	 	 	0.5687	  	 	 	0.5511	  	 	 	0.5335	  	 	 	0.5157	  	 	 	0.4978	  	 	 	0.4799	  	 	 	0.4620	  
	 	 	29	  	 	 	0.6872	  	 	 	0.6716	  	 	 	0.6556	  	 	 	0.6392	  	 	 	0.6225	  	 	 	0.6055	  	 	 	0.5883	  	 	 	0.5709	  	 	 	0.5532	  	 	 	0.5355	  	 	 	0.5176	  	 	 	0.4997	  	 	 	0.4817	  	 	 	0.4638	  
	 	 	30	  	 	 	0.6897	  	 	 	0.6741	  	 	 	0.6581	  	 	 	0.6417	  	 	 	0.6249	  	 	 	0.6079	  	 	 	0.5906	  	 	 	0.5731	  	 	 	0.5554	  	 	 	0.5377	  	 	 	0.5197	  	 	 	0.5017	  	 	 	0.4837	  	 	 	0.4657	  
	 	 	31	  	 	 	0.6924	  	 	 	0.6768	  	 	 	0.6607	  	 	 	0.6442	  	 	 	0.6274	  	 	 	0.6103	  	 	 	0.5930	  	 	 	0.5755	  	 	 	0.5577	  	 	 	0.5399	  	 	 	0.5219	  	 	 	0.5038	  	 	 	0.4858	  	 	 	0.4677	  
	 	 	32	  	 	 	0.6952	  	 	 	0.6795	  	 	 	0.6634	  	 	 	0.6469	  	 	 	0.6301	  	 	 	0.6129	  	 	 	0.5956	  	 	 	0.5780	  	 	 	0.5601	  	 	 	0.5423	  	 	 	0.5243	  	 	 	0.5061	  	 	 	0.4880	  	 	 	0.4698	  
	 	 	33	  	 	 	0.6981	  	 	 	0.6824	  	 	 	0.6663	  	 	 	0.6498	  	 	 	0.6328	  	 	 	0.6156	  	 	 	0.5982	  	 	 	0.5806	  	 	 	0.5627	  	 	 	0.5448	  	 	 	0.5267	  	 	 	0.5084	  	 	 	0.4903	  	 	 	0.4720	  
	 	 	34	  	 	 	0.7012	  	 	 	0.6854	  	 	 	0.6692	  	 	 	0.6527	  	 	 	0.6357	  	 	 	0.6185	  	 	 	0.6010	  	 	 	0.5833	  	 	 	0.5654	  	 	 	0.5474	  	 	 	0.5292	  	 	 	0.5109	  	 	 	0.4927	  	 	 	0.4744	  
	 	 	35	  	 	 	0.7043	  	 	 	0.6886	  	 	 	0.6724	  	 	 	0.6558	  	 	 	0.6388	  	 	 	0.6215	  	 	 	0.6040	  	 	 	0.5862	  	 	 	0.5682	  	 	 	0.5501	  	 	 	0.5319	  	 	 	0.5135	  	 	 	0.4952	  	 	 	0.4768	  
	 	 	36	  	 	 	0.7077	  	 	 	0.6919	  	 	 	0.6756	  	 	 	0.6590	  	 	 	0.6419	  	 	 	0.6246	  	 	 	0.6070	  	 	 	0.5892	  	 	 	0.5712	  	 	 	0.5530	  	 	 	0.5347	  	 	 	0.5163	  	 	 	0.4978	  	 	 	0.4794	  
	 	 	37	  	 	 	0.7111	  	 	 	0.6953	  	 	 	0.6790	  	 	 	0.6623	  	 	 	0.6453	  	 	 	0.6279	  	 	 	0.6103	  	 	 	0.5924	  	 	 	0.5743	  	 	 	0.5561	  	 	 	0.5377	  	 	 	0.5191	  	 	 	0.5007	  	 	 	0.4821	  
	 	 	38	  	 	 	0.7147	  	 	 	0.6989	  	 	 	0.6826	  	 	 	0.6659	  	 	 	0.6488	  	 	 	0.6313	  	 	 	0.6136	  	 	 	0.5957	  	 	 	0.5775	  	 	 	0.5592	  	 	 	0.5408	  	 	 	0.5222	  	 	 	0.5036	  	 	 	0.4850	  
	 	 	39	  	 	 	0.7185	  	 	 	0.7026	  	 	 	0.6863	  	 	 	0.6695	  	 	 	0.6524	  	 	 	0.6349	  	 	 	0.6172	  	 	 	0.5992	  	 	 	0.5809	  	 	 	0.5626	  	 	 	0.5440	  	 	 	0.5254	  	 	 	0.5067	  	 	 	0.4880	  
	 	 	40	  	 	 	0.7223	  	 	 	0.7065	  	 	 	0.6902	  	 	 	0.6734	  	 	 	0.6562	  	 	 	0.6387	  	 	 	0.6209	  	 	 	0.6028	  	 	 	0.5845	  	 	 	0.5661	  	 	 	0.5475	  	 	 	0.5287	  	 	 	0.5100	  	 	 	0.4912	  
	 	 	41	  	 	 	0.7264	  	 	 	0.7105	  	 	 	0.6942	  	 	 	0.6774	  	 	 	0.6601	  	 	 	0.6426	  	 	 	0.6247	  	 	 	0.6066	  	 	 	0.5882	  	 	 	0.5697	  	 	 	0.5511	  	 	 	0.5322	  	 	 	0.5134	  	 	 	0.4945	  
	 	 	42	  	 	 	0.7306	  	 	 	0.7148	  	 	 	0.6984	  	 	 	0.6815	  	 	 	0.6643	  	 	 	0.6467	  	 	 	0.6288	  	 	 	0.6106	  	 	 	0.5921	  	 	 	0.5736	  	 	 	0.5548	  	 	 	0.5359	  	 	 	0.5170	  	 	 	0.4980	  
	 	 	43	  	 	 	0.7349	  	 	 	0.7191	  	 	 	0.7027	  	 	 	0.6859	  	 	 	0.6685	  	 	 	0.6509	  	 	 	0.6330	  	 	 	0.6147	  	 	 	0.5962	  	 	 	0.5776	  	 	 	0.5588	  	 	 	0.5397	  	 	 	0.5207	  	 	 	0.5016	  
	 	 	44	  	 	 	0.7395	  	 	 	0.7236	  	 	 	0.7072	  	 	 	0.6904	  	 	 	0.6731	  	 	 	0.6554	  	 	 	0.6374	  	 	 	0.6191	  	 	 	0.6005	  	 	 	0.5818	  	 	 	0.5629	  	 	 	0.5438	  	 	 	0.5246	  	 	 	0.5055	  
	 	 	45	  	 	 	0.7441	  	 	 	0.7283	  	 	 	0.7119	  	 	 	0.6951	  	 	 	0.6777	  	 	 	0.6600	  	 	 	0.6420	  	 	 	0.6236	  	 	 	0.6050	  	 	 	0.5862	  	 	 	0.5672	  	 	 	0.5480	  	 	 	0.5288	  	 	 	0.5095	  
	 	 	46	  	 	 	0.7489	  	 	 	0.7331	  	 	 	0.7168	  	 	 	0.6999	  	 	 	0.6826	  	 	 	0.6648	  	 	 	0.6468	  	 	 	0.6283	  	 	 	0.6096	  	 	 	0.5908	  	 	 	0.5717	  	 	 	0.5524	  	 	 	0.5331	  	 	 	0.5137	  
	 	 	47	  	 	 	0.7539	  	 	 	0.7381	  	 	 	0.7218	  	 	 	0.7049	  	 	 	0.6876	  	 	 	0.6698	  	 	 	0.6517	  	 	 	0.6333	  	 	 	0.6145	  	 	 	0.5956	  	 	 	0.5764	  	 	 	0.5571	  	 	 	0.5377	  	 	 	0.5181	  
	 	 	48	  	 	 	0.7590	  	 	 	0.7433	  	 	 	0.7270	  	 	 	0.7101	  	 	 	0.6928	  	 	 	0.6750	  	 	 	0.6569	  	 	 	0.6384	  	 	 	0.6196	  	 	 	0.6006	  	 	 	0.5814	  	 	 	0.5619	  	 	 	0.5424	  	 	 	0.5228	  
	 	 	49	  	 	 	0.7642	  	 	 	0.7486	  	 	 	0.7323	  	 	 	0.7155	  	 	 	0.6982	  	 	 	0.6804	  	 	 	0.6623	  	 	 	0.6437	  	 	 	0.6249	  	 	 	0.6058	  	 	 	0.5865	  	 	 	0.5670	  	 	 	0.5474	  	 	 	0.5277	  
	 	 	50	  	 	 	0.7696	  	 	 	0.7541	  	 	 	0.7379	  	 	 	0.7211	  	 	 	0.7037	  	 	 	0.6860	  	 	 	0.6678	  	 	 	0.6493	  	 	 	0.6304	  	 	 	0.6113	  	 	 	0.5919	  	 	 	0.5723	  	 	 	0.5526	  	 	 	0.5327	  
	 	 	51	  	 	 	0.7751	  	 	 	0.7597	  	 	 	0.7435	  	 	 	0.7268	  	 	 	0.7095	  	 	 	0.6918	  	 	 	0.6736	  	 	 	0.6551	  	 	 	0.6362	  	 	 	0.6170	  	 	 	0.5975	  	 	 	0.5778	  	 	 	0.5580	  	 	 	0.5381	  
	 	 	52	  	 	 	0.7808	  	 	 	0.7654	  	 	 	0.7493	  	 	 	0.7327	  	 	 	0.7154	  	 	 	0.6977	  	 	 	0.6796	  	 	 	0.6610	  	 	 	0.6421	  	 	 	0.6229	  	 	 	0.6034	  	 	 	0.5836	  	 	 	0.5637	  	 	 	0.5437	  

  
 94 

 APPENDICES 
  

 Sub appendix A. 2 

Table I – 

Distributions Beginning On And After July 1, 2004 

100% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																													
	 	 	 	 	 	Age Of Pensioner	 
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	53	  	 	 	0.7865	  	 	 	0.7712	  	 	 	0.7553	  	 	 	0.7387	  	 	 	0.7216	  	 	 	0.7039	  	 	 	0.6858	  	 	 	0.6672	  	 	 	0.6483	  	 	 	0.6290	  	 	 	0.6095	  	 	 	0.5896	  	 	 	0.5697	  	 	 	0.5495	  
	 	 	54	  	 	 	0.7924	  	 	 	0.7773	  	 	 	0.7614	  	 	 	0.7449	  	 	 	0.7279	  	 	 	0.7102	  	 	 	0.6922	  	 	 	0.6736	  	 	 	0.6547	  	 	 	0.6354	  	 	 	0.6159	  	 	 	0.5959	  	 	 	0.5759	  	 	 	0.5557	  
	 	 	55	  	 	 	0.7983	  	 	 	0.7833	  	 	 	0.7677	  	 	 	0.7513	  	 	 	0.7343	  	 	 	0.7167	  	 	 	0.6988	  	 	 	0.6802	  	 	 	0.6613	  	 	 	0.6420	  	 	 	0.6224	  	 	 	0.6024	  	 	 	0.5823	  	 	 	0.5620	  
	 	 	56	  	 	 	0.8044	  	 	 	0.7895	  	 	 	0.7740	  	 	 	0.7578	  	 	 	0.7409	  	 	 	0.7235	  	 	 	0.7055	  	 	 	0.6871	  	 	 	0.6681	  	 	 	0.6489	  	 	 	0.6293	  	 	 	0.6092	  	 	 	0.5891	  	 	 	0.5687	  
	 	 	57	  	 	 	0.8104	  	 	 	0.7959	  	 	 	0.7805	  	 	 	0.7644	  	 	 	0.7476	  	 	 	0.7303	  	 	 	0.7125	  	 	 	0.6941	  	 	 	0.6752	  	 	 	0.6560	  	 	 	0.6364	  	 	 	0.6163	  	 	 	0.5961	  	 	 	0.5756	  
	 	 	58	  	 	 	0.8166	  	 	 	0.8022	  	 	 	0.7870	  	 	 	0.7711	  	 	 	0.7545	  	 	 	0.7373	  	 	 	0.7196	  	 	 	0.7013	  	 	 	0.6825	  	 	 	0.6633	  	 	 	0.6437	  	 	 	0.6236	  	 	 	0.6034	  	 	 	0.5829	  
	 	 	59	  	 	 	0.8228	  	 	 	0.8086	  	 	 	0.7936	  	 	 	0.7780	  	 	 	0.7615	  	 	 	0.7444	  	 	 	0.7269	  	 	 	0.7086	  	 	 	0.6899	  	 	 	0.6708	  	 	 	0.6512	  	 	 	0.6311	  	 	 	0.6109	  	 	 	0.5903	  
	 	 	60	  	 	 	0.8290	  	 	 	0.8151	  	 	 	0.8003	  	 	 	0.7848	  	 	 	0.7686	  	 	 	0.7517	  	 	 	0.7343	  	 	 	0.7162	  	 	 	0.6976	  	 	 	0.6785	  	 	 	0.6589	  	 	 	0.6389	  	 	 	0.6187	  	 	 	0.5981	  
	 	 	61	  	 	 	0.8352	  	 	 	0.8215	  	 	 	0.8070	  	 	 	0.7918	  	 	 	0.7757	  	 	 	0.7591	  	 	 	0.7418	  	 	 	0.7239	  	 	 	0.7054	  	 	 	0.6864	  	 	 	0.6669	  	 	 	0.6469	  	 	 	0.6267	  	 	 	0.6061	  
	 	 	62	  	 	 	0.8414	  	 	 	0.8280	  	 	 	0.8138	  	 	 	0.7988	  	 	 	0.7830	  	 	 	0.7665	  	 	 	0.7494	  	 	 	0.7317	  	 	 	0.7133	  	 	 	0.6945	  	 	 	0.6751	  	 	 	0.6551	  	 	 	0.6349	  	 	 	0.6143	  
	 	 	63	  	 	 	0.8476	  	 	 	0.8345	  	 	 	0.8205	  	 	 	0.8058	  	 	 	0.7902	  	 	 	0.7740	  	 	 	0.7571	  	 	 	0.7396	  	 	 	0.7214	  	 	 	0.7027	  	 	 	0.6834	  	 	 	0.6636	  	 	 	0.6434	  	 	 	0.6228	  
	 	 	64	  	 	 	0.8537	  	 	 	0.8409	  	 	 	0.8272	  	 	 	0.8128	  	 	 	0.7975	  	 	 	0.7816	  	 	 	0.7649	  	 	 	0.7476	  	 	 	0.7296	  	 	 	0.7110	  	 	 	0.6919	  	 	 	0.6722	  	 	 	0.6521	  	 	 	0.6315	  
	 	 	65	  	 	 	0.8597	  	 	 	0.8473	  	 	 	0.8340	  	 	 	0.8198	  	 	 	0.8049	  	 	 	0.7891	  	 	 	0.7728	  	 	 	0.7557	  	 	 	0.7379	  	 	 	0.7195	  	 	 	0.7006	  	 	 	0.6810	  	 	 	0.6609	  	 	 	0.6404	  
	 	 	66	  	 	 	0.8657	  	 	 	0.8536	  	 	 	0.8406	  	 	 	0.8268	  	 	 	0.8121	  	 	 	0.7968	  	 	 	0.7806	  	 	 	0.7638	  	 	 	0.7462	  	 	 	0.7281	  	 	 	0.7093	  	 	 	0.6898	  	 	 	0.6700	  	 	 	0.6496	  
	 	 	67	  	 	 	0.8716	  	 	 	0.8598	  	 	 	0.8472	  	 	 	0.8337	  	 	 	0.8194	  	 	 	0.8043	  	 	 	0.7885	  	 	 	0.7719	  	 	 	0.7547	  	 	 	0.7367	  	 	 	0.7182	  	 	 	0.6989	  	 	 	0.6792	  	 	 	0.6589	  
	 	 	68	  	 	 	0.8774	  	 	 	0.8659	  	 	 	0.8537	  	 	 	0.8405	  	 	 	0.8266	  	 	 	0.8118	  	 	 	0.7964	  	 	 	0.7801	  	 	 	0.7631	  	 	 	0.7455	  	 	 	0.7271	  	 	 	0.7080	  	 	 	0.6884	  	 	 	0.6683	  
	 	 	69	  	 	 	0.8830	  	 	 	0.8720	  	 	 	0.8601	  	 	 	0.8474	  	 	 	0.8337	  	 	 	0.8193	  	 	 	0.8042	  	 	 	0.7883	  	 	 	0.7716	  	 	 	0.7542	  	 	 	0.7361	  	 	 	0.7173	  	 	 	0.6979	  	 	 	0.6779	  
	 	 	70	  	 	 	0.8886	  	 	 	0.8779	  	 	 	0.8663	  	 	 	0.8540	  	 	 	0.8408	  	 	 	0.8267	  	 	 	0.8120	  	 	 	0.7964	  	 	 	0.7800	  	 	 	0.7630	  	 	 	0.7451	  	 	 	0.7266	  	 	 	0.7074	  	 	 	0.6876	  
	 	 	71	  	 	 	0.8940	  	 	 	0.8837	  	 	 	0.8725	  	 	 	0.8605	  	 	 	0.8477	  	 	 	0.8340	  	 	 	0.8197	  	 	 	0.8044	  	 	 	0.7884	  	 	 	0.7717	  	 	 	0.7542	  	 	 	0.7359	  	 	 	0.7170	  	 	 	0.6974	  
	 	 	72	  	 	 	0.8992	  	 	 	0.8893	  	 	 	0.8785	  	 	 	0.8670	  	 	 	0.8545	  	 	 	0.8413	  	 	 	0.8273	  	 	 	0.8125	  	 	 	0.7968	  	 	 	0.7804	  	 	 	0.7632	  	 	 	0.7453	  	 	 	0.7266	  	 	 	0.7073	  
	 	 	73	  	 	 	0.9043	  	 	 	0.8948	  	 	 	0.8844	  	 	 	0.8733	  	 	 	0.8612	  	 	 	0.8483	  	 	 	0.8348	  	 	 	0.8203	  	 	 	0.8051	  	 	 	0.7890	  	 	 	0.7723	  	 	 	0.7546	  	 	 	0.7362	  	 	 	0.7172	  
	 	 	74	  	 	 	0.9092	  	 	 	0.9001	  	 	 	0.8902	  	 	 	0.8794	  	 	 	0.8678	  	 	 	0.8553	  	 	 	0.8421	  	 	 	0.8281	  	 	 	0.8132	  	 	 	0.7976	  	 	 	0.7812	  	 	 	0.7638	  	 	 	0.7459	  	 	 	0.7271	  
	 	 	75	  	 	 	0.9140	  	 	 	0.9052	  	 	 	0.8956	  	 	 	0.8853	  	 	 	0.8741	  	 	 	0.8621	  	 	 	0.8493	  	 	 	0.8358	  	 	 	0.8212	  	 	 	0.8061	  	 	 	0.7900	  	 	 	0.7731	  	 	 	0.7554	  	 	 	0.7370	  
	 	 	76	  	 	 	0.9185	  	 	 	0.9102	  	 	 	0.9010	  	 	 	0.8911	  	 	 	0.8803	  	 	 	0.8687	  	 	 	0.8564	  	 	 	0.8432	  	 	 	0.8291	  	 	 	0.8144	  	 	 	0.7987	  	 	 	0.7822	  	 	 	0.7649	  	 	 	0.7468	  
	 	 	77	  	 	 	0.9230	  	 	 	0.9150	  	 	 	0.9062	  	 	 	0.8967	  	 	 	0.8863	  	 	 	0.8751	  	 	 	0.8632	  	 	 	0.8505	  	 	 	0.8369	  	 	 	0.8225	  	 	 	0.8073	  	 	 	0.7912	  	 	 	0.7743	  	 	 	0.7566	  
	 	 	78	  	 	 	0.9272	  	 	 	0.9195	  	 	 	0.9112	  	 	 	0.9020	  	 	 	0.8921	  	 	 	0.8814	  	 	 	0.8700	  	 	 	0.8576	  	 	 	0.8445	  	 	 	0.8306	  	 	 	0.8158	  	 	 	0.8001	  	 	 	0.7836	  	 	 	0.7663	  
	 	 	79	  	 	 	0.9313	  	 	 	0.9240	  	 	 	0.9160	  	 	 	0.9073	  	 	 	0.8977	  	 	 	0.8874	  	 	 	0.8764	  	 	 	0.8646	  	 	 	0.8519	  	 	 	0.8384	  	 	 	0.8240	  	 	 	0.8088	  	 	 	0.7927	  	 	 	0.7758	  
	 	 	80	  	 	 	0.9351	  	 	 	0.9282	  	 	 	0.9206	  	 	 	0.9123	  	 	 	0.9031	  	 	 	0.8932	  	 	 	0.8827	  	 	 	0.8713	  	 	 	0.8591	  	 	 	0.8460	  	 	 	0.8322	  	 	 	0.8173	  	 	 	0.8017	  	 	 	0.7852	  
	 	 	81	  	 	 	0.9388	  	 	 	0.9323	  	 	 	0.9250	  	 	 	0.9170	  	 	 	0.9083	  	 	 	0.8989	  	 	 	0.8888	  	 	 	0.8778	  	 	 	0.8661	  	 	 	0.8535	  	 	 	0.8401	  	 	 	0.8257	  	 	 	0.8105	  	 	 	0.7944	  
	 	 	82	  	 	 	0.9424	  	 	 	0.9362	  	 	 	0.9293	  	 	 	0.9217	  	 	 	0.9133	  	 	 	0.9043	  	 	 	0.8946	  	 	 	0.8842	  	 	 	0.8728	  	 	 	0.8608	  	 	 	0.8478	  	 	 	0.8339	  	 	 	0.8192	  	 	 	0.8036	  
	 	 	83	  	 	 	0.9457	  	 	 	0.9399	  	 	 	0.9333	  	 	 	0.9261	  	 	 	0.9182	  	 	 	0.9096	  	 	 	0.9003	  	 	 	0.8903	  	 	 	0.8794	  	 	 	0.8679	  	 	 	0.8554	  	 	 	0.8420	  	 	 	0.8278	  	 	 	0.8126	  
	 	 	84	  	 	 	0.9490	  	 	 	0.9434	  	 	 	0.9372	  	 	 	0.9304	  	 	 	0.9228	  	 	 	0.9147	  	 	 	0.9058	  	 	 	0.8962	  	 	 	0.8859	  	 	 	0.8747	  	 	 	0.8627	  	 	 	0.8498	  	 	 	0.8361	  	 	 	0.8214	  
	 	 	85	  	 	 	0.9521	  	 	 	0.9468	  	 	 	0.9410	  	 	 	0.9344	  	 	 	0.9273	  	 	 	0.9195	  	 	 	0.9111	  	 	 	0.9020	  	 	 	0.8920	  	 	 	0.8814	  	 	 	0.8699	  	 	 	0.8575	  	 	 	0.8443	  	 	 	0.8301	  

  
 95 

 APPENDICES 
  

 Sub appendix A. 2 

Table J 
 Distributions
Beginning On And After July 1, 2004 
 50% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	20	  	 	 	0.9742	  	 	 	0.9721	  	 	 	0.9700	  	 	 	0.9678	  	 	 	0.9653	  	 	 	0.9627	  	 	 	0.9600	  	 	 	0.9571	  	 	 	0.9540	  	 	 	0.9507	  	 	 	0.9472	  	 	 	0.9435	  	 	 	0.9396	  	 	 	0.9355	  	 	 	0.9311	  	 	 	0.9265	  
	 	 	21	  	 	 	0.9748	  	 	 	0.9728	  	 	 	0.9708	  	 	 	0.9685	  	 	 	0.9661	  	 	 	0.9635	  	 	 	0.9609	  	 	 	0.9580	  	 	 	0.9549	  	 	 	0.9516	  	 	 	0.9481	  	 	 	0.9444	  	 	 	0.9405	  	 	 	0.9365	  	 	 	0.9321	  	 	 	0.9275	  
	 	 	22	  	 	 	0.9755	  	 	 	0.9736	  	 	 	0.9715	  	 	 	0.9693	  	 	 	0.9669	  	 	 	0.9644	  	 	 	0.9617	  	 	 	0.9588	  	 	 	0.9558	  	 	 	0.9526	  	 	 	0.9491	  	 	 	0.9454	  	 	 	0.9415	  	 	 	0.9375	  	 	 	0.9331	  	 	 	0.9286	  
	 	 	23	  	 	 	0.9762	  	 	 	0.9743	  	 	 	0.9722	  	 	 	0.9701	  	 	 	0.9677	  	 	 	0.9652	  	 	 	0.9625	  	 	 	0.9597	  	 	 	0.9567	  	 	 	0.9535	  	 	 	0.9501	  	 	 	0.9464	  	 	 	0.9425	  	 	 	0.9385	  	 	 	0.9342	  	 	 	0.9297	  
	 	 	24	  	 	 	0.9769	  	 	 	0.9750	  	 	 	0.9730	  	 	 	0.9708	  	 	 	0.9685	  	 	 	0.9660	  	 	 	0.9634	  	 	 	0.9607	  	 	 	0.9576	  	 	 	0.9545	  	 	 	0.9511	  	 	 	0.9475	  	 	 	0.9436	  	 	 	0.9396	  	 	 	0.9353	  	 	 	0.9308	  
	 	 	25	  	 	 	0.9776	  	 	 	0.9757	  	 	 	0.9737	  	 	 	0.9716	  	 	 	0.9693	  	 	 	0.9669	  	 	 	0.9643	  	 	 	0.9616	  	 	 	0.9586	  	 	 	0.9555	  	 	 	0.9521	  	 	 	0.9485	  	 	 	0.9447	  	 	 	0.9407	  	 	 	0.9364	  	 	 	0.9320	  
	 	 	26	  	 	 	0.9783	  	 	 	0.9764	  	 	 	0.9745	  	 	 	0.9724	  	 	 	0.9702	  	 	 	0.9678	  	 	 	0.9652	  	 	 	0.9625	  	 	 	0.9596	  	 	 	0.9565	  	 	 	0.9531	  	 	 	0.9496	  	 	 	0.9458	  	 	 	0.9419	  	 	 	0.9376	  	 	 	0.9332	  
	 	 	27	  	 	 	0.9790	  	 	 	0.9771	  	 	 	0.9753	  	 	 	0.9732	  	 	 	0.9710	  	 	 	0.9687	  	 	 	0.9662	  	 	 	0.9635	  	 	 	0.9605	  	 	 	0.9575	  	 	 	0.9542	  	 	 	0.9507	  	 	 	0.9469	  	 	 	0.9430	  	 	 	0.9388	  	 	 	0.9344	  
	 	 	28	  	 	 	0.9796	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9740	  	 	 	0.9719	  	 	 	0.9696	  	 	 	0.9671	  	 	 	0.9644	  	 	 	0.9615	  	 	 	0.9586	  	 	 	0.9553	  	 	 	0.9518	  	 	 	0.9481	  	 	 	0.9442	  	 	 	0.9400	  	 	 	0.9357	  
	 	 	29	  	 	 	0.9803	  	 	 	0.9786	  	 	 	0.9768	  	 	 	0.9749	  	 	 	0.9727	  	 	 	0.9705	  	 	 	0.9680	  	 	 	0.9655	  	 	 	0.9626	  	 	 	0.9596	  	 	 	0.9564	  	 	 	0.9529	  	 	 	0.9493	  	 	 	0.9455	  	 	 	0.9413	  	 	 	0.9370	  
	 	 	30	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9776	  	 	 	0.9757	  	 	 	0.9736	  	 	 	0.9714	  	 	 	0.9690	  	 	 	0.9664	  	 	 	0.9636	  	 	 	0.9607	  	 	 	0.9575	  	 	 	0.9541	  	 	 	0.9505	  	 	 	0.9467	  	 	 	0.9426	  	 	 	0.9383	  
	 	 	31	  	 	 	0.9817	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9765	  	 	 	0.9744	  	 	 	0.9722	  	 	 	0.9699	  	 	 	0.9674	  	 	 	0.9647	  	 	 	0.9618	  	 	 	0.9587	  	 	 	0.9553	  	 	 	0.9518	  	 	 	0.9480	  	 	 	0.9439	  	 	 	0.9397	  
	 	 	32	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9773	  	 	 	0.9753	  	 	 	0.9731	  	 	 	0.9709	  	 	 	0.9684	  	 	 	0.9657	  	 	 	0.9629	  	 	 	0.9598	  	 	 	0.9565	  	 	 	0.9530	  	 	 	0.9493	  	 	 	0.9453	  	 	 	0.9410	  
	 	 	33	  	 	 	0.9830	  	 	 	0.9815	  	 	 	0.9798	  	 	 	0.9781	  	 	 	0.9761	  	 	 	0.9740	  	 	 	0.9718	  	 	 	0.9694	  	 	 	0.9668	  	 	 	0.9640	  	 	 	0.9610	  	 	 	0.9577	  	 	 	0.9543	  	 	 	0.9506	  	 	 	0.9467	  	 	 	0.9425	  
	 	 	34	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9806	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9749	  	 	 	0.9728	  	 	 	0.9704	  	 	 	0.9678	  	 	 	0.9651	  	 	 	0.9621	  	 	 	0.9589	  	 	 	0.9555	  	 	 	0.9519	  	 	 	0.9480	  	 	 	0.9439	  
	 	 	35	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9714	  	 	 	0.9689	  	 	 	0.9662	  	 	 	0.9634	  	 	 	0.9602	  	 	 	0.9569	  	 	 	0.9533	  	 	 	0.9494	  	 	 	0.9454	  
	 	 	36	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9821	  	 	 	0.9804	  	 	 	0.9786	  	 	 	0.9767	  	 	 	0.9747	  	 	 	0.9724	  	 	 	0.9700	  	 	 	0.9673	  	 	 	0.9645	  	 	 	0.9614	  	 	 	0.9581	  	 	 	0.9546	  	 	 	0.9509	  	 	 	0.9469	  
	 	 	37	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9756	  	 	 	0.9734	  	 	 	0.9710	  	 	 	0.9684	  	 	 	0.9657	  	 	 	0.9627	  	 	 	0.9595	  	 	 	0.9560	  	 	 	0.9523	  	 	 	0.9484	  
	 	 	38	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9819	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9765	  	 	 	0.9744	  	 	 	0.9720	  	 	 	0.9696	  	 	 	0.9669	  	 	 	0.9639	  	 	 	0.9607	  	 	 	0.9574	  	 	 	0.9538	  	 	 	0.9499	  
	 	 	39	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9841	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9774	  	 	 	0.9753	  	 	 	0.9731	  	 	 	0.9707	  	 	 	0.9680	  	 	 	0.9651	  	 	 	0.9621	  	 	 	0.9588	  	 	 	0.9552	  	 	 	0.9514	  
	 	 	40	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9763	  	 	 	0.9741	  	 	 	0.9717	  	 	 	0.9692	  	 	 	0.9664	  	 	 	0.9634	  	 	 	0.9602	  	 	 	0.9566	  	 	 	0.9529	  
	 	 	41	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9751	  	 	 	0.9728	  	 	 	0.9703	  	 	 	0.9676	  	 	 	0.9646	  	 	 	0.9615	  	 	 	0.9581	  	 	 	0.9545	  
	 	 	42	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9739	  	 	 	0.9715	  	 	 	0.9688	  	 	 	0.9659	  	 	 	0.9629	  	 	 	0.9596	  	 	 	0.9560	  
	 	 	43	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9770	  	 	 	0.9749	  	 	 	0.9726	  	 	 	0.9700	  	 	 	0.9672	  	 	 	0.9643	  	 	 	0.9610	  	 	 	0.9575	  
	 	 	44	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9780	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9656	  	 	 	0.9624	  	 	 	0.9591	  
	 	 	45	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9670	  	 	 	0.9639	  	 	 	0.9606	  
	 	 	46	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9779	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9710	  	 	 	0.9683	  	 	 	0.9653	  	 	 	0.9621	  
	 	 	47	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9695	  	 	 	0.9667	  	 	 	0.9635	  
	 	 	48	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9733	  	 	 	0.9708	  	 	 	0.9680	  	 	 	0.9650	  
	 	 	49	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9767	  	 	 	0.9745	  	 	 	0.9720	  	 	 	0.9693	  	 	 	0.9664	  
	 	 	50	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9756	  	 	 	0.9732	  	 	 	0.9706	  	 	 	0.9679	  
	 	 	51	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9719	  	 	 	0.9692	  
	 	 	52	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9756	  	 	 	0.9732	  	 	 	0.9705	  

  
 96 

 APPENDICES 
  

 Sub appendix A. 2 

Table J 
 Distributions
Beginning On And After July 1, 2004 
 50% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	53	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9841	  	 	 	0.9825	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9767	  	 	 	0.9743	  	 	 	0.9719	  
	 	 	54	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9731	  
	 	 	55	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9744	  
	 	 	56	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9756	  
	 	 	57	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9767	  
	 	 	58	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9778	  
	 	 	59	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9790	  
	 	 	60	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9800	  
	 	 	61	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9810	  
	 	 	62	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9836	  	 	 	0.9820	  
	 	 	63	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  
	 	 	64	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  	 	 	0.9838	  
	 	 	65	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9846	  
	 	 	66	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9854	  
	 	 	67	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9862	  
	 	 	68	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9869	  
	 	 	69	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  
	 	 	70	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  
	 	 	71	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  
	 	 	72	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  
	 	 	73	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9901	  
	 	 	74	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  
	 	 	75	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9912	  
	 	 	76	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  
	 	 	77	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  
	 	 	78	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  
	 	 	79	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  
	 	 	80	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  
	 	 	81	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  
	 	 	82	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  
	 	 	83	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9950	  	 	 	0.9945	  
	 	 	84	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  
	 	 	85	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  

  
 97 

 APPENDICES 
  

 Sub appendix A. 2 

Table J 
 Distributions
Beginning On And After July 1, 2004 
 50% Joint And Survivor With Pop-Up 

O&R Participants 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	20	  	 	 	0.9218	  	 	 	0.9167	  	 	 	0.9114	  	 	 	0.9058	  	 	 	0.9000	  	 	 	0.8938	  	 	 	0.8874	  	 	 	0.8806	  	 	 	0.8735	  	 	 	0.8660	  	 	 	0.8582	  	 	 	0.8499	  	 	 	0.8412	  	 	 	0.8320	  	 	 	0.8224	  	 	 	0.8123	  
	 	 	21	  	 	 	0.9228	  	 	 	0.9177	  	 	 	0.9124	  	 	 	0.9069	  	 	 	0.9011	  	 	 	0.8949	  	 	 	0.8885	  	 	 	0.8818	  	 	 	0.8747	  	 	 	0.8672	  	 	 	0.8593	  	 	 	0.8510	  	 	 	0.8423	  	 	 	0.8332	  	 	 	0.8236	  	 	 	0.8135	  
	 	 	22	  	 	 	0.9238	  	 	 	0.9188	  	 	 	0.9135	  	 	 	0.9080	  	 	 	0.9022	  	 	 	0.8961	  	 	 	0.8896	  	 	 	0.8830	  	 	 	0.8759	  	 	 	0.8684	  	 	 	0.8605	  	 	 	0.8523	  	 	 	0.8436	  	 	 	0.8344	  	 	 	0.8248	  	 	 	0.8147	  
	 	 	23	  	 	 	0.9250	  	 	 	0.9200	  	 	 	0.9147	  	 	 	0.9092	  	 	 	0.9034	  	 	 	0.8973	  	 	 	0.8909	  	 	 	0.8842	  	 	 	0.8771	  	 	 	0.8696	  	 	 	0.8618	  	 	 	0.8535	  	 	 	0.8449	  	 	 	0.8358	  	 	 	0.8261	  	 	 	0.8160	  
	 	 	24	  	 	 	0.9261	  	 	 	0.9211	  	 	 	0.9159	  	 	 	0.9104	  	 	 	0.9046	  	 	 	0.8985	  	 	 	0.8921	  	 	 	0.8855	  	 	 	0.8784	  	 	 	0.8709	  	 	 	0.8631	  	 	 	0.8549	  	 	 	0.8462	  	 	 	0.8371	  	 	 	0.8274	  	 	 	0.8174	  
	 	 	25	  	 	 	0.9273	  	 	 	0.9223	  	 	 	0.9171	  	 	 	0.9117	  	 	 	0.9059	  	 	 	0.8998	  	 	 	0.8934	  	 	 	0.8868	  	 	 	0.8798	  	 	 	0.8723	  	 	 	0.8645	  	 	 	0.8562	  	 	 	0.8476	  	 	 	0.8385	  	 	 	0.8289	  	 	 	0.8188	  
	 	 	26	  	 	 	0.9286	  	 	 	0.9235	  	 	 	0.9184	  	 	 	0.9129	  	 	 	0.9072	  	 	 	0.9011	  	 	 	0.8948	  	 	 	0.8882	  	 	 	0.8812	  	 	 	0.8737	  	 	 	0.8659	  	 	 	0.8577	  	 	 	0.8491	  	 	 	0.8400	  	 	 	0.8303	  	 	 	0.8203	  
	 	 	27	  	 	 	0.9298	  	 	 	0.9248	  	 	 	0.9197	  	 	 	0.9143	  	 	 	0.9086	  	 	 	0.9025	  	 	 	0.8962	  	 	 	0.8896	  	 	 	0.8826	  	 	 	0.8752	  	 	 	0.8674	  	 	 	0.8592	  	 	 	0.8506	  	 	 	0.8415	  	 	 	0.8319	  	 	 	0.8218	  
	 	 	28	  	 	 	0.9311	  	 	 	0.9262	  	 	 	0.9211	  	 	 	0.9157	  	 	 	0.9100	  	 	 	0.9040	  	 	 	0.8977	  	 	 	0.8911	  	 	 	0.8841	  	 	 	0.8767	  	 	 	0.8690	  	 	 	0.8608	  	 	 	0.8521	  	 	 	0.8431	  	 	 	0.8335	  	 	 	0.8235	  
	 	 	29	  	 	 	0.9325	  	 	 	0.9276	  	 	 	0.9225	  	 	 	0.9171	  	 	 	0.9115	  	 	 	0.9055	  	 	 	0.8992	  	 	 	0.8927	  	 	 	0.8857	  	 	 	0.8783	  	 	 	0.8705	  	 	 	0.8624	  	 	 	0.8538	  	 	 	0.8448	  	 	 	0.8352	  	 	 	0.8252	  
	 	 	30	  	 	 	0.9338	  	 	 	0.9290	  	 	 	0.9239	  	 	 	0.9186	  	 	 	0.9130	  	 	 	0.9070	  	 	 	0.9008	  	 	 	0.8943	  	 	 	0.8873	  	 	 	0.8800	  	 	 	0.8722	  	 	 	0.8641	  	 	 	0.8555	  	 	 	0.8465	  	 	 	0.8370	  	 	 	0.8269	  
	 	 	31	  	 	 	0.9352	  	 	 	0.9304	  	 	 	0.9254	  	 	 	0.9201	  	 	 	0.9146	  	 	 	0.9086	  	 	 	0.9024	  	 	 	0.8959	  	 	 	0.8890	  	 	 	0.8817	  	 	 	0.8740	  	 	 	0.8659	  	 	 	0.8573	  	 	 	0.8483	  	 	 	0.8388	  	 	 	0.8288	  
	 	 	32	  	 	 	0.9366	  	 	 	0.9319	  	 	 	0.9269	  	 	 	0.9216	  	 	 	0.9162	  	 	 	0.9103	  	 	 	0.9041	  	 	 	0.8976	  	 	 	0.8907	  	 	 	0.8835	  	 	 	0.8758	  	 	 	0.8677	  	 	 	0.8592	  	 	 	0.8502	  	 	 	0.8407	  	 	 	0.8307	  
	 	 	33	  	 	 	0.9381	  	 	 	0.9334	  	 	 	0.9285	  	 	 	0.9233	  	 	 	0.9178	  	 	 	0.9119	  	 	 	0.9058	  	 	 	0.8994	  	 	 	0.8926	  	 	 	0.8853	  	 	 	0.8777	  	 	 	0.8696	  	 	 	0.8611	  	 	 	0.8522	  	 	 	0.8427	  	 	 	0.8327	  
	 	 	34	  	 	 	0.9396	  	 	 	0.9350	  	 	 	0.9301	  	 	 	0.9249	  	 	 	0.9195	  	 	 	0.9137	  	 	 	0.9076	  	 	 	0.9012	  	 	 	0.8944	  	 	 	0.8872	  	 	 	0.8796	  	 	 	0.8716	  	 	 	0.8631	  	 	 	0.8542	  	 	 	0.8447	  	 	 	0.8348	  
	 	 	35	  	 	 	0.9411	  	 	 	0.9365	  	 	 	0.9317	  	 	 	0.9266	  	 	 	0.9212	  	 	 	0.9155	  	 	 	0.9094	  	 	 	0.9031	  	 	 	0.8963	  	 	 	0.8892	  	 	 	0.8816	  	 	 	0.8736	  	 	 	0.8652	  	 	 	0.8563	  	 	 	0.8469	  	 	 	0.8370	  
	 	 	36	  	 	 	0.9427	  	 	 	0.9381	  	 	 	0.9334	  	 	 	0.9284	  	 	 	0.9230	  	 	 	0.9173	  	 	 	0.9113	  	 	 	0.9050	  	 	 	0.8983	  	 	 	0.8912	  	 	 	0.8837	  	 	 	0.8758	  	 	 	0.8673	  	 	 	0.8585	  	 	 	0.8491	  	 	 	0.8392	  
	 	 	37	  	 	 	0.9443	  	 	 	0.9398	  	 	 	0.9351	  	 	 	0.9301	  	 	 	0.9248	  	 	 	0.9192	  	 	 	0.9133	  	 	 	0.9070	  	 	 	0.9004	  	 	 	0.8933	  	 	 	0.8858	  	 	 	0.8779	  	 	 	0.8696	  	 	 	0.8607	  	 	 	0.8514	  	 	 	0.8415	  
	 	 	38	  	 	 	0.9458	  	 	 	0.9414	  	 	 	0.9368	  	 	 	0.9319	  	 	 	0.9267	  	 	 	0.9211	  	 	 	0.9152	  	 	 	0.9090	  	 	 	0.9025	  	 	 	0.8954	  	 	 	0.8880	  	 	 	0.8801	  	 	 	0.8719	  	 	 	0.8631	  	 	 	0.8538	  	 	 	0.8440	  
	 	 	39	  	 	 	0.9474	  	 	 	0.9431	  	 	 	0.9386	  	 	 	0.9337	  	 	 	0.9285	  	 	 	0.9230	  	 	 	0.9173	  	 	 	0.9111	  	 	 	0.9046	  	 	 	0.8976	  	 	 	0.8903	  	 	 	0.8825	  	 	 	0.8742	  	 	 	0.8655	  	 	 	0.8562	  	 	 	0.8464	  
	 	 	40	  	 	 	0.9491	  	 	 	0.9448	  	 	 	0.9403	  	 	 	0.9355	  	 	 	0.9304	  	 	 	0.9250	  	 	 	0.9193	  	 	 	0.9133	  	 	 	0.9068	  	 	 	0.8999	  	 	 	0.8926	  	 	 	0.8849	  	 	 	0.8767	  	 	 	0.8680	  	 	 	0.8588	  	 	 	0.8490	  
	 	 	41	  	 	 	0.9507	  	 	 	0.9465	  	 	 	0.9420	  	 	 	0.9374	  	 	 	0.9324	  	 	 	0.9270	  	 	 	0.9213	  	 	 	0.9154	  	 	 	0.9090	  	 	 	0.9022	  	 	 	0.8949	  	 	 	0.8873	  	 	 	0.8792	  	 	 	0.8706	  	 	 	0.8614	  	 	 	0.8517	  
	 	 	42	  	 	 	0.9523	  	 	 	0.9482	  	 	 	0.9438	  	 	 	0.9393	  	 	 	0.9343	  	 	 	0.9291	  	 	 	0.9235	  	 	 	0.9176	  	 	 	0.9113	  	 	 	0.9046	  	 	 	0.8974	  	 	 	0.8898	  	 	 	0.8818	  	 	 	0.8732	  	 	 	0.8641	  	 	 	0.8545	  
	 	 	43	  	 	 	0.9539	  	 	 	0.9499	  	 	 	0.9457	  	 	 	0.9411	  	 	 	0.9363	  	 	 	0.9311	  	 	 	0.9257	  	 	 	0.9198	  	 	 	0.9136	  	 	 	0.9070	  	 	 	0.8999	  	 	 	0.8924	  	 	 	0.8844	  	 	 	0.8759	  	 	 	0.8669	  	 	 	0.8573	  
	 	 	44	  	 	 	0.9555	  	 	 	0.9516	  	 	 	0.9475	  	 	 	0.9430	  	 	 	0.9383	  	 	 	0.9332	  	 	 	0.9278	  	 	 	0.9221	  	 	 	0.9160	  	 	 	0.9094	  	 	 	0.9024	  	 	 	0.8950	  	 	 	0.8871	  	 	 	0.8787	  	 	 	0.8697	  	 	 	0.8602	  
	 	 	45	  	 	 	0.9571	  	 	 	0.9533	  	 	 	0.9492	  	 	 	0.9449	  	 	 	0.9403	  	 	 	0.9353	  	 	 	0.9300	  	 	 	0.9244	  	 	 	0.9183	  	 	 	0.9119	  	 	 	0.9050	  	 	 	0.8976	  	 	 	0.8898	  	 	 	0.8815	  	 	 	0.8726	  	 	 	0.8632	  
	 	 	46	  	 	 	0.9587	  	 	 	0.9550	  	 	 	0.9510	  	 	 	0.9468	  	 	 	0.9423	  	 	 	0.9374	  	 	 	0.9322	  	 	 	0.9267	  	 	 	0.9208	  	 	 	0.9144	  	 	 	0.9076	  	 	 	0.9003	  	 	 	0.8926	  	 	 	0.8844	  	 	 	0.8756	  	 	 	0.8663	  
	 	 	47	  	 	 	0.9603	  	 	 	0.9566	  	 	 	0.9528	  	 	 	0.9487	  	 	 	0.9443	  	 	 	0.9395	  	 	 	0.9344	  	 	 	0.9290	  	 	 	0.9232	  	 	 	0.9169	  	 	 	0.9103	  	 	 	0.9031	  	 	 	0.8955	  	 	 	0.8874	  	 	 	0.8787	  	 	 	0.8695	  
	 	 	48	  	 	 	0.9618	  	 	 	0.9583	  	 	 	0.9546	  	 	 	0.9505	  	 	 	0.9463	  	 	 	0.9416	  	 	 	0.9366	  	 	 	0.9314	  	 	 	0.9256	  	 	 	0.9194	  	 	 	0.9129	  	 	 	0.9059	  	 	 	0.8984	  	 	 	0.8904	  	 	 	0.8818	  	 	 	0.8727	  
	 	 	49	  	 	 	0.9633	  	 	 	0.9599	  	 	 	0.9563	  	 	 	0.9524	  	 	 	0.9482	  	 	 	0.9437	  	 	 	0.9388	  	 	 	0.9337	  	 	 	0.9281	  	 	 	0.9221	  	 	 	0.9156	  	 	 	0.9087	  	 	 	0.9013	  	 	 	0.8934	  	 	 	0.8849	  	 	 	0.8760	  
	 	 	50	  	 	 	0.9649	  	 	 	0.9616	  	 	 	0.9580	  	 	 	0.9543	  	 	 	0.9502	  	 	 	0.9458	  	 	 	0.9411	  	 	 	0.9360	  	 	 	0.9306	  	 	 	0.9246	  	 	 	0.9184	  	 	 	0.9115	  	 	 	0.9043	  	 	 	0.8965	  	 	 	0.8881	  	 	 	0.8793	  
	 	 	51	  	 	 	0.9663	  	 	 	0.9632	  	 	 	0.9597	  	 	 	0.9561	  	 	 	0.9521	  	 	 	0.9479	  	 	 	0.9432	  	 	 	0.9383	  	 	 	0.9330	  	 	 	0.9272	  	 	 	0.9211	  	 	 	0.9144	  	 	 	0.9073	  	 	 	0.8996	  	 	 	0.8914	  	 	 	0.8827	  
	 	 	52	  	 	 	0.9678	  	 	 	0.9647	  	 	 	0.9614	  	 	 	0.9579	  	 	 	0.9541	  	 	 	0.9499	  	 	 	0.9454	  	 	 	0.9407	  	 	 	0.9355	  	 	 	0.9298	  	 	 	0.9238	  	 	 	0.9173	  	 	 	0.9103	  	 	 	0.9028	  	 	 	0.8947	  	 	 	0.8861	  

  
 98 

 APPENDICES 
  

 Sub appendix A. 2 

Table J 
 Distributions
Beginning On And After July 1, 2004 
 50% Joint And Survivor With Pop-Up 

O&R Participants 
 Age of
Pensioner 
  

																																																																					
	  
 

	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	53	  	 	 	0.9692	  	 	 	0.9662	  	 	 	0.9631	  	 	 	0.9597	  	 	 	0.9559	  	 	 	0.9519	  	 	 	0.9476	  	 	 	0.9429	  	 	 	0.9379	  	 	 	0.9324	  	 	 	0.9265	  	 	 	0.9202	  	 	 	0.9134	  	 	 	0.9060	  	 	 	0.8981	  	 	 	0.8896	  
	 	 	54	  	 	 	0.9706	  	 	 	0.9677	  	 	 	0.9647	  	 	 	0.9614	  	 	 	0.9578	  	 	 	0.9539	  	 	 	0.9497	  	 	 	0.9452	  	 	 	0.9404	  	 	 	0.9350	  	 	 	0.9292	  	 	 	0.9230	  	 	 	0.9164	  	 	 	0.9092	  	 	 	0.9014	  	 	 	0.8931	  
	 	 	55	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9662	  	 	 	0.9631	  	 	 	0.9596	  	 	 	0.9558	  	 	 	0.9518	  	 	 	0.9475	  	 	 	0.9427	  	 	 	0.9375	  	 	 	0.9320	  	 	 	0.9260	  	 	 	0.9194	  	 	 	0.9124	  	 	 	0.9047	  	 	 	0.8966	  
	 	 	56	  	 	 	0.9732	  	 	 	0.9706	  	 	 	0.9678	  	 	 	0.9647	  	 	 	0.9614	  	 	 	0.9578	  	 	 	0.9539	  	 	 	0.9497	  	 	 	0.9451	  	 	 	0.9401	  	 	 	0.9347	  	 	 	0.9288	  	 	 	0.9225	  	 	 	0.9156	  	 	 	0.9081	  	 	 	0.9001	  
	 	 	57	  	 	 	0.9745	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9664	  	 	 	0.9632	  	 	 	0.9596	  	 	 	0.9559	  	 	 	0.9519	  	 	 	0.9474	  	 	 	0.9426	  	 	 	0.9373	  	 	 	0.9317	  	 	 	0.9254	  	 	 	0.9188	  	 	 	0.9115	  	 	 	0.9037	  
	 	 	58	  	 	 	0.9757	  	 	 	0.9733	  	 	 	0.9708	  	 	 	0.9679	  	 	 	0.9649	  	 	 	0.9615	  	 	 	0.9579	  	 	 	0.9540	  	 	 	0.9497	  	 	 	0.9450	  	 	 	0.9399	  	 	 	0.9344	  	 	 	0.9284	  	 	 	0.9220	  	 	 	0.9148	  	 	 	0.9073	  
	 	 	59	  	 	 	0.9769	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9695	  	 	 	0.9665	  	 	 	0.9633	  	 	 	0.9598	  	 	 	0.9561	  	 	 	0.9520	  	 	 	0.9474	  	 	 	0.9426	  	 	 	0.9372	  	 	 	0.9314	  	 	 	0.9251	  	 	 	0.9182	  	 	 	0.9108	  
	 	 	60	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9709	  	 	 	0.9681	  	 	 	0.9650	  	 	 	0.9617	  	 	 	0.9581	  	 	 	0.9542	  	 	 	0.9498	  	 	 	0.9451	  	 	 	0.9400	  	 	 	0.9343	  	 	 	0.9282	  	 	 	0.9215	  	 	 	0.9143	  
	 	 	61	  	 	 	0.9791	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9667	  	 	 	0.9635	  	 	 	0.9602	  	 	 	0.9563	  	 	 	0.9521	  	 	 	0.9476	  	 	 	0.9426	  	 	 	0.9372	  	 	 	0.9313	  	 	 	0.9247	  	 	 	0.9178	  
	 	 	62	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9683	  	 	 	0.9653	  	 	 	0.9621	  	 	 	0.9584	  	 	 	0.9544	  	 	 	0.9500	  	 	 	0.9452	  	 	 	0.9400	  	 	 	0.9343	  	 	 	0.9280	  	 	 	0.9212	  
	 	 	63	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9773	  	 	 	0.9750	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9639	  	 	 	0.9604	  	 	 	0.9566	  	 	 	0.9524	  	 	 	0.9478	  	 	 	0.9428	  	 	 	0.9373	  	 	 	0.9312	  	 	 	0.9247	  
	 	 	64	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9784	  	 	 	0.9763	  	 	 	0.9740	  	 	 	0.9715	  	 	 	0.9687	  	 	 	0.9658	  	 	 	0.9624	  	 	 	0.9587	  	 	 	0.9547	  	 	 	0.9503	  	 	 	0.9454	  	 	 	0.9402	  	 	 	0.9343	  	 	 	0.9280	  
	 	 	65	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9795	  	 	 	0.9775	  	 	 	0.9754	  	 	 	0.9729	  	 	 	0.9703	  	 	 	0.9675	  	 	 	0.9643	  	 	 	0.9608	  	 	 	0.9570	  	 	 	0.9527	  	 	 	0.9481	  	 	 	0.9430	  	 	 	0.9373	  	 	 	0.9312	  
	 	 	66	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9692	  	 	 	0.9661	  	 	 	0.9628	  	 	 	0.9592	  	 	 	0.9551	  	 	 	0.9506	  	 	 	0.9458	  	 	 	0.9403	  	 	 	0.9344	  
	 	 	67	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9733	  	 	 	0.9708	  	 	 	0.9679	  	 	 	0.9647	  	 	 	0.9612	  	 	 	0.9574	  	 	 	0.9531	  	 	 	0.9485	  	 	 	0.9432	  	 	 	0.9376	  
	 	 	68	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9747	  	 	 	0.9723	  	 	 	0.9696	  	 	 	0.9666	  	 	 	0.9633	  	 	 	0.9596	  	 	 	0.9556	  	 	 	0.9511	  	 	 	0.9460	  	 	 	0.9406	  
	 	 	69	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9652	  	 	 	0.9617	  	 	 	0.9578	  	 	 	0.9536	  	 	 	0.9488	  	 	 	0.9436	  
	 	 	70	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9700	  	 	 	0.9670	  	 	 	0.9637	  	 	 	0.9601	  	 	 	0.9560	  	 	 	0.9515	  	 	 	0.9465	  
	 	 	71	  	 	 	0.9879	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9657	  	 	 	0.9622	  	 	 	0.9583	  	 	 	0.9540	  	 	 	0.9493	  
	 	 	72	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9779	  	 	 	0.9757	  	 	 	0.9733	  	 	 	0.9706	  	 	 	0.9676	  	 	 	0.9643	  	 	 	0.9606	  	 	 	0.9565	  	 	 	0.9520	  
	 	 	73	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9791	  	 	 	0.9771	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9663	  	 	 	0.9628	  	 	 	0.9589	  	 	 	0.9546	  
	 	 	74	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9681	  	 	 	0.9648	  	 	 	0.9611	  	 	 	0.9570	  
	 	 	75	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9728	  	 	 	0.9700	  	 	 	0.9668	  	 	 	0.9633	  	 	 	0.9594	  
	 	 	76	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9767	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9687	  	 	 	0.9653	  	 	 	0.9617	  
	 	 	77	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9800	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9733	  	 	 	0.9705	  	 	 	0.9674	  	 	 	0.9639	  
	 	 	78	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9692	  	 	 	0.9659	  
	 	 	79	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9711	  	 	 	0.9679	  
	 	 	80	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9727	  	 	 	0.9698	  
	 	 	81	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9791	  	 	 	0.9769	  	 	 	0.9743	  	 	 	0.9716	  
	 	 	82	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9759	  	 	 	0.9732	  
	 	 	83	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9774	  	 	 	0.9749	  
	 	 	84	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9764	  
	 	 	85	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9801	  	 	 	0.9779	  

  
 99 

 APPENDICES 
  

 Sub appendix A. 2 

Table J 
 Distributions
Beginning On And After July 1, 2004 
 50% Joint And Survivor With Pop-Up 

O&R Participants 
 Age of
Pensioner 
  

																																																													
	  
 

  
	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	20	  	 	 	0.8017	  	 	 	0.7906	  	 	 	0.7790	  	 	 	0.7669	  	 	 	0.7543	  	 	 	0.7412	  	 	 	0.7278	  	 	 	0.7138	  	 	 	0.6994	  	 	 	0.6846	  	 	 	0.6693	  	 	 	0.6536	  	 	 	0.6376	  	 	 	0.6212	  
	 	 	21	  	 	 	0.8029	  	 	 	0.7917	  	 	 	0.7802	  	 	 	0.7681	  	 	 	0.7554	  	 	 	0.7424	  	 	 	0.7290	  	 	 	0.7150	  	 	 	0.7006	  	 	 	0.6858	  	 	 	0.6705	  	 	 	0.6548	  	 	 	0.6387	  	 	 	0.6223	  
	 	 	22	  	 	 	0.8041	  	 	 	0.7930	  	 	 	0.7814	  	 	 	0.7693	  	 	 	0.7567	  	 	 	0.7436	  	 	 	0.7302	  	 	 	0.7162	  	 	 	0.7018	  	 	 	0.6870	  	 	 	0.6717	  	 	 	0.6560	  	 	 	0.6400	  	 	 	0.6235	  
	 	 	23	  	 	 	0.8054	  	 	 	0.7943	  	 	 	0.7827	  	 	 	0.7706	  	 	 	0.7580	  	 	 	0.7450	  	 	 	0.7315	  	 	 	0.7175	  	 	 	0.7031	  	 	 	0.6883	  	 	 	0.6730	  	 	 	0.6573	  	 	 	0.6412	  	 	 	0.6247	  
	 	 	24	  	 	 	0.8068	  	 	 	0.7957	  	 	 	0.7841	  	 	 	0.7720	  	 	 	0.7594	  	 	 	0.7463	  	 	 	0.7329	  	 	 	0.7189	  	 	 	0.7044	  	 	 	0.6896	  	 	 	0.6744	  	 	 	0.6586	  	 	 	0.6425	  	 	 	0.6260	  
	 	 	25	  	 	 	0.8082	  	 	 	0.7971	  	 	 	0.7856	  	 	 	0.7734	  	 	 	0.7608	  	 	 	0.7478	  	 	 	0.7343	  	 	 	0.7203	  	 	 	0.7059	  	 	 	0.6910	  	 	 	0.6758	  	 	 	0.6600	  	 	 	0.6439	  	 	 	0.6274	  
	 	 	26	  	 	 	0.8097	  	 	 	0.7986	  	 	 	0.7871	  	 	 	0.7750	  	 	 	0.7623	  	 	 	0.7493	  	 	 	0.7358	  	 	 	0.7218	  	 	 	0.7073	  	 	 	0.6925	  	 	 	0.6773	  	 	 	0.6615	  	 	 	0.6454	  	 	 	0.6289	  
	 	 	27	  	 	 	0.8113	  	 	 	0.8002	  	 	 	0.7886	  	 	 	0.7765	  	 	 	0.7639	  	 	 	0.7509	  	 	 	0.7374	  	 	 	0.7234	  	 	 	0.7090	  	 	 	0.6941	  	 	 	0.6788	  	 	 	0.6630	  	 	 	0.6469	  	 	 	0.6304	  
	 	 	28	  	 	 	0.8129	  	 	 	0.8018	  	 	 	0.7903	  	 	 	0.7782	  	 	 	0.7656	  	 	 	0.7525	  	 	 	0.7391	  	 	 	0.7251	  	 	 	0.7106	  	 	 	0.6958	  	 	 	0.6805	  	 	 	0.6647	  	 	 	0.6485	  	 	 	0.6320	  
	 	 	29	  	 	 	0.8146	  	 	 	0.8035	  	 	 	0.7920	  	 	 	0.7799	  	 	 	0.7673	  	 	 	0.7543	  	 	 	0.7408	  	 	 	0.7268	  	 	 	0.7124	  	 	 	0.6975	  	 	 	0.6822	  	 	 	0.6664	  	 	 	0.6503	  	 	 	0.6337	  
	 	 	30	  	 	 	0.8164	  	 	 	0.8054	  	 	 	0.7938	  	 	 	0.7817	  	 	 	0.7691	  	 	 	0.7561	  	 	 	0.7426	  	 	 	0.7287	  	 	 	0.7142	  	 	 	0.6993	  	 	 	0.6840	  	 	 	0.6682	  	 	 	0.6520	  	 	 	0.6355	  
	 	 	31	  	 	 	0.8182	  	 	 	0.8072	  	 	 	0.7957	  	 	 	0.7836	  	 	 	0.7711	  	 	 	0.7580	  	 	 	0.7445	  	 	 	0.7305	  	 	 	0.7161	  	 	 	0.7012	  	 	 	0.6859	  	 	 	0.6701	  	 	 	0.6539	  	 	 	0.6373	  
	 	 	32	  	 	 	0.8202	  	 	 	0.8092	  	 	 	0.7977	  	 	 	0.7856	  	 	 	0.7731	  	 	 	0.7600	  	 	 	0.7465	  	 	 	0.7326	  	 	 	0.7181	  	 	 	0.7032	  	 	 	0.6879	  	 	 	0.6721	  	 	 	0.6559	  	 	 	0.6393	  
	 	 	33	  	 	 	0.8222	  	 	 	0.8113	  	 	 	0.7997	  	 	 	0.7877	  	 	 	0.7751	  	 	 	0.7621	  	 	 	0.7486	  	 	 	0.7346	  	 	 	0.7202	  	 	 	0.7053	  	 	 	0.6900	  	 	 	0.6741	  	 	 	0.6579	  	 	 	0.6413	  
	 	 	34	  	 	 	0.8243	  	 	 	0.8134	  	 	 	0.8018	  	 	 	0.7898	  	 	 	0.7773	  	 	 	0.7643	  	 	 	0.7508	  	 	 	0.7368	  	 	 	0.7224	  	 	 	0.7075	  	 	 	0.6922	  	 	 	0.6763	  	 	 	0.6601	  	 	 	0.6435	  
	 	 	35	  	 	 	0.8265	  	 	 	0.8156	  	 	 	0.8041	  	 	 	0.7921	  	 	 	0.7795	  	 	 	0.7665	  	 	 	0.7531	  	 	 	0.7391	  	 	 	0.7246	  	 	 	0.7098	  	 	 	0.6945	  	 	 	0.6786	  	 	 	0.6624	  	 	 	0.6457	  
	 	 	36	  	 	 	0.8288	  	 	 	0.8179	  	 	 	0.8065	  	 	 	0.7945	  	 	 	0.7819	  	 	 	0.7689	  	 	 	0.7555	  	 	 	0.7415	  	 	 	0.7271	  	 	 	0.7122	  	 	 	0.6969	  	 	 	0.6810	  	 	 	0.6648	  	 	 	0.6481	  
	 	 	37	  	 	 	0.8312	  	 	 	0.8203	  	 	 	0.8089	  	 	 	0.7969	  	 	 	0.7844	  	 	 	0.7714	  	 	 	0.7580	  	 	 	0.7440	  	 	 	0.7296	  	 	 	0.7147	  	 	 	0.6994	  	 	 	0.6835	  	 	 	0.6673	  	 	 	0.6506	  
	 	 	38	  	 	 	0.8336	  	 	 	0.8228	  	 	 	0.8114	  	 	 	0.7995	  	 	 	0.7869	  	 	 	0.7740	  	 	 	0.7606	  	 	 	0.7466	  	 	 	0.7322	  	 	 	0.7173	  	 	 	0.7020	  	 	 	0.6861	  	 	 	0.6699	  	 	 	0.6532	  
	 	 	39	  	 	 	0.8362	  	 	 	0.8254	  	 	 	0.8140	  	 	 	0.8021	  	 	 	0.7896	  	 	 	0.7767	  	 	 	0.7633	  	 	 	0.7493	  	 	 	0.7349	  	 	 	0.7201	  	 	 	0.7047	  	 	 	0.6888	  	 	 	0.6726	  	 	 	0.6559	  
	 	 	40	  	 	 	0.8388	  	 	 	0.8281	  	 	 	0.8167	  	 	 	0.8048	  	 	 	0.7924	  	 	 	0.7795	  	 	 	0.7661	  	 	 	0.7522	  	 	 	0.7378	  	 	 	0.7229	  	 	 	0.7076	  	 	 	0.6917	  	 	 	0.6755	  	 	 	0.6588	  
	 	 	41	  	 	 	0.8415	  	 	 	0.8308	  	 	 	0.8195	  	 	 	0.8077	  	 	 	0.7953	  	 	 	0.7824	  	 	 	0.7690	  	 	 	0.7552	  	 	 	0.7407	  	 	 	0.7259	  	 	 	0.7106	  	 	 	0.6947	  	 	 	0.6785	  	 	 	0.6618	  
	 	 	42	  	 	 	0.8443	  	 	 	0.8337	  	 	 	0.8224	  	 	 	0.8106	  	 	 	0.7982	  	 	 	0.7854	  	 	 	0.7721	  	 	 	0.7583	  	 	 	0.7438	  	 	 	0.7290	  	 	 	0.7137	  	 	 	0.6978	  	 	 	0.6816	  	 	 	0.6648	  
	 	 	43	  	 	 	0.8473	  	 	 	0.8366	  	 	 	0.8254	  	 	 	0.8137	  	 	 	0.8014	  	 	 	0.7886	  	 	 	0.7753	  	 	 	0.7614	  	 	 	0.7471	  	 	 	0.7322	  	 	 	0.7170	  	 	 	0.7011	  	 	 	0.6848	  	 	 	0.6681	  
	 	 	44	  	 	 	0.8502	  	 	 	0.8396	  	 	 	0.8285	  	 	 	0.8169	  	 	 	0.8046	  	 	 	0.7918	  	 	 	0.7786	  	 	 	0.7648	  	 	 	0.7504	  	 	 	0.7356	  	 	 	0.7203	  	 	 	0.7045	  	 	 	0.6882	  	 	 	0.6715	  
	 	 	45	  	 	 	0.8533	  	 	 	0.8428	  	 	 	0.8317	  	 	 	0.8201	  	 	 	0.8079	  	 	 	0.7952	  	 	 	0.7820	  	 	 	0.7682	  	 	 	0.7539	  	 	 	0.7391	  	 	 	0.7239	  	 	 	0.7080	  	 	 	0.6918	  	 	 	0.6750	  
	 	 	46	  	 	 	0.8564	  	 	 	0.8460	  	 	 	0.8350	  	 	 	0.8235	  	 	 	0.8113	  	 	 	0.7986	  	 	 	0.7855	  	 	 	0.7718	  	 	 	0.7575	  	 	 	0.7428	  	 	 	0.7275	  	 	 	0.7117	  	 	 	0.6955	  	 	 	0.6788	  
	 	 	47	  	 	 	0.8597	  	 	 	0.8494	  	 	 	0.8384	  	 	 	0.8269	  	 	 	0.8148	  	 	 	0.8022	  	 	 	0.7892	  	 	 	0.7755	  	 	 	0.7613	  	 	 	0.7465	  	 	 	0.7313	  	 	 	0.7155	  	 	 	0.6993	  	 	 	0.6826	  
	 	 	48	  	 	 	0.8630	  	 	 	0.8527	  	 	 	0.8420	  	 	 	0.8305	  	 	 	0.8185	  	 	 	0.8060	  	 	 	0.7929	  	 	 	0.7793	  	 	 	0.7651	  	 	 	0.7505	  	 	 	0.7353	  	 	 	0.7195	  	 	 	0.7033	  	 	 	0.6866	  
	 	 	49	  	 	 	0.8664	  	 	 	0.8563	  	 	 	0.8455	  	 	 	0.8342	  	 	 	0.8222	  	 	 	0.8098	  	 	 	0.7968	  	 	 	0.7833	  	 	 	0.7692	  	 	 	0.7546	  	 	 	0.7394	  	 	 	0.7236	  	 	 	0.7075	  	 	 	0.6908	  
	 	 	50	  	 	 	0.8698	  	 	 	0.8598	  	 	 	0.8492	  	 	 	0.8379	  	 	 	0.8261	  	 	 	0.8137	  	 	 	0.8008	  	 	 	0.7874	  	 	 	0.7733	  	 	 	0.7588	  	 	 	0.7436	  	 	 	0.7280	  	 	 	0.7118	  	 	 	0.6951	  
	 	 	51	  	 	 	0.8733	  	 	 	0.8634	  	 	 	0.8529	  	 	 	0.8418	  	 	 	0.8301	  	 	 	0.8178	  	 	 	0.8050	  	 	 	0.7916	  	 	 	0.7776	  	 	 	0.7631	  	 	 	0.7481	  	 	 	0.7324	  	 	 	0.7164	  	 	 	0.6997	  
	 	 	52	  	 	 	0.8769	  	 	 	0.8671	  	 	 	0.8567	  	 	 	0.8457	  	 	 	0.8341	  	 	 	0.8219	  	 	 	0.8093	  	 	 	0.7960	  	 	 	0.7820	  	 	 	0.7676	  	 	 	0.7526	  	 	 	0.7370	  	 	 	0.7210	  	 	 	0.7044	  

  
 100 

 APPENDICES 
  

 Sub appendix A. 2 

Table J 
 Distributions
Beginning On And After July 1, 2004 
 50% Joint And Survivor With Pop-Up 

O&R Participants 
 Age of
Pensioner 
  

																																																													
	  
 

	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	53	  	 	 	0.8805	  	 	 	0.8708	  	 	 	0.8606	  	 	 	0.8498	  	 	 	0.8383	  	 	 	0.8262	  	 	 	0.8136	  	 	 	0.8004	  	 	 	0.7866	  	 	 	0.7723	  	 	 	0.7574	  	 	 	0.7419	  	 	 	0.7258	  	 	 	0.7093	  
	 	 	54	  	 	 	0.8841	  	 	 	0.8747	  	 	 	0.8646	  	 	 	0.8538	  	 	 	0.8425	  	 	 	0.8305	  	 	 	0.8181	  	 	 	0.8050	  	 	 	0.7913	  	 	 	0.7771	  	 	 	0.7623	  	 	 	0.7468	  	 	 	0.7309	  	 	 	0.7143	  
	 	 	55	  	 	 	0.8878	  	 	 	0.8785	  	 	 	0.8686	  	 	 	0.8580	  	 	 	0.8468	  	 	 	0.8350	  	 	 	0.8227	  	 	 	0.8097	  	 	 	0.7961	  	 	 	0.7820	  	 	 	0.7673	  	 	 	0.7519	  	 	 	0.7361	  	 	 	0.7196	  
	 	 	56	  	 	 	0.8915	  	 	 	0.8824	  	 	 	0.8726	  	 	 	0.8622	  	 	 	0.8512	  	 	 	0.8395	  	 	 	0.8273	  	 	 	0.8145	  	 	 	0.8010	  	 	 	0.7871	  	 	 	0.7725	  	 	 	0.7572	  	 	 	0.7414	  	 	 	0.7251	  
	 	 	57	  	 	 	0.8953	  	 	 	0.8864	  	 	 	0.8767	  	 	 	0.8665	  	 	 	0.8556	  	 	 	0.8441	  	 	 	0.8321	  	 	 	0.8195	  	 	 	0.8061	  	 	 	0.7923	  	 	 	0.7778	  	 	 	0.7626	  	 	 	0.7469	  	 	 	0.7307	  
	 	 	58	  	 	 	0.8990	  	 	 	0.8902	  	 	 	0.8809	  	 	 	0.8708	  	 	 	0.8601	  	 	 	0.8488	  	 	 	0.8369	  	 	 	0.8245	  	 	 	0.8113	  	 	 	0.7976	  	 	 	0.7832	  	 	 	0.7682	  	 	 	0.7526	  	 	 	0.7365	  
	 	 	59	  	 	 	0.9028	  	 	 	0.8942	  	 	 	0.8850	  	 	 	0.8751	  	 	 	0.8646	  	 	 	0.8535	  	 	 	0.8418	  	 	 	0.8295	  	 	 	0.8165	  	 	 	0.8030	  	 	 	0.7888	  	 	 	0.7738	  	 	 	0.7585	  	 	 	0.7424	  
	 	 	60	  	 	 	0.9065	  	 	 	0.8981	  	 	 	0.8891	  	 	 	0.8795	  	 	 	0.8692	  	 	 	0.8583	  	 	 	0.8468	  	 	 	0.8346	  	 	 	0.8218	  	 	 	0.8085	  	 	 	0.7944	  	 	 	0.7797	  	 	 	0.7644	  	 	 	0.7485	  
	 	 	61	  	 	 	0.8352	  	 	 	0.9020	  	 	 	0.8932	  	 	 	0.8838	  	 	 	0.8737	  	 	 	0.8630	  	 	 	0.8518	  	 	 	0.8398	  	 	 	0.8272	  	 	 	0.8141	  	 	 	0.8002	  	 	 	0.7856	  	 	 	0.7705	  	 	 	0.7547	  
	 	 	62	  	 	 	0.9139	  	 	 	0.9059	  	 	 	0.8973	  	 	 	0.8881	  	 	 	0.8783	  	 	 	0.8678	  	 	 	0.8568	  	 	 	0.8451	  	 	 	0.8327	  	 	 	0.8197	  	 	 	0.8061	  	 	 	0.7916	  	 	 	0.7767	  	 	 	0.7611	  
	 	 	63	  	 	 	0.9175	  	 	 	0.9098	  	 	 	0.9014	  	 	 	0.8925	  	 	 	0.8828	  	 	 	0.8726	  	 	 	0.8618	  	 	 	0.8503	  	 	 	0.8381	  	 	 	0.8254	  	 	 	0.8119	  	 	 	0.7978	  	 	 	0.7830	  	 	 	0.7676	  
	 	 	64	  	 	 	0.9210	  	 	 	0.9135	  	 	 	0.9055	  	 	 	0.8968	  	 	 	0.8874	  	 	 	0.8774	  	 	 	0.8668	  	 	 	0.8556	  	 	 	0.8436	  	 	 	0.8312	  	 	 	0.8179	  	 	 	0.8039	  	 	 	0.7894	  	 	 	0.7742	  
	 	 	65	  	 	 	0.9246	  	 	 	0.9174	  	 	 	0.9095	  	 	 	0.9010	  	 	 	0.8919	  	 	 	0.8821	  	 	 	0.8718	  	 	 	0.8608	  	 	 	0.8491	  	 	 	0.8369	  	 	 	0.8240	  	 	 	0.8102	  	 	 	0.7959	  	 	 	0.7808	  
	 	 	66	  	 	 	0.9280	  	 	 	0.9210	  	 	 	0.9134	  	 	 	0.9052	  	 	 	0.8963	  	 	 	0.8869	  	 	 	0.8769	  	 	 	0.8661	  	 	 	0.8547	  	 	 	0.8427	  	 	 	0.8299	  	 	 	0.8165	  	 	 	0.8024	  	 	 	0.7876	  
	 	 	67	  	 	 	0.9314	  	 	 	0.9246	  	 	 	0.9173	  	 	 	0.9094	  	 	 	0.9007	  	 	 	0.8916	  	 	 	0.8818	  	 	 	0.8713	  	 	 	0.8601	  	 	 	0.8485	  	 	 	0.8360	  	 	 	0.8228	  	 	 	0.8089	  	 	 	0.7944	  
	 	 	68	  	 	 	0.9347	  	 	 	0.9282	  	 	 	0.9211	  	 	 	0.9134	  	 	 	0.9051	  	 	 	0.8961	  	 	 	0.8867	  	 	 	0.8765	  	 	 	0.8657	  	 	 	0.8542	  	 	 	0.8420	  	 	 	0.8290	  	 	 	0.8155	  	 	 	0.8012	  
	 	 	69	  	 	 	0.9379	  	 	 	0.9316	  	 	 	0.9248	  	 	 	0.9174	  	 	 	0.9093	  	 	 	0.9007	  	 	 	0.8915	  	 	 	0.8816	  	 	 	0.8710	  	 	 	0.8599	  	 	 	0.8480	  	 	 	0.8354	  	 	 	0.8221	  	 	 	0.8081	  
	 	 	70	  	 	 	0.9410	  	 	 	0.9350	  	 	 	0.9284	  	 	 	0.9213	  	 	 	0.9135	  	 	 	0.9051	  	 	 	0.8962	  	 	 	0.8867	  	 	 	0.8764	  	 	 	0.8656	  	 	 	0.8540	  	 	 	0.8416	  	 	 	0.8287	  	 	 	0.8149	  
	 	 	71	  	 	 	0.9440	  	 	 	0.9383	  	 	 	0.9319	  	 	 	0.9251	  	 	 	0.9175	  	 	 	0.9095	  	 	 	0.9009	  	 	 	0.8917	  	 	 	0.8817	  	 	 	0.8711	  	 	 	0.8599	  	 	 	0.8478	  	 	 	0.8352	  	 	 	0.8217	  
	 	 	72	  	 	 	0.9469	  	 	 	0.9414	  	 	 	0.9354	  	 	 	0.9288	  	 	 	0.9215	  	 	 	0.9138	  	 	 	0.9055	  	 	 	0.8965	  	 	 	0.8868	  	 	 	0.8766	  	 	 	0.8657	  	 	 	0.8540	  	 	 	0.8417	  	 	 	0.8285	  
	 	 	73	  	 	 	0.9497	  	 	 	0.9445	  	 	 	0.9387	  	 	 	0.9324	  	 	 	0.9254	  	 	 	0.9180	  	 	 	0.9100	  	 	 	0.9014	  	 	 	0.8920	  	 	 	0.8821	  	 	 	0.8715	  	 	 	0.8601	  	 	 	0.8481	  	 	 	0.8353	  
	 	 	74	  	 	 	0.9525	  	 	 	0.9474	  	 	 	0.9419	  	 	 	0.9359	  	 	 	0.9292	  	 	 	0.9220	  	 	 	0.9143	  	 	 	0.9060	  	 	 	0.8970	  	 	 	0.8874	  	 	 	0.8772	  	 	 	0.8661	  	 	 	0.8544	  	 	 	0.8420	  
	 	 	75	  	 	 	0.9551	  	 	 	0.9503	  	 	 	0.9449	  	 	 	0.9392	  	 	 	0.9328	  	 	 	0.9259	  	 	 	0.9185	  	 	 	0.9105	  	 	 	0.9019	  	 	 	0.8926	  	 	 	0.8827	  	 	 	0.8720	  	 	 	0.8607	  	 	 	0.8485	  
	 	 	76	  	 	 	0.9576	  	 	 	0.9530	  	 	 	0.9479	  	 	 	0.9424	  	 	 	0.9363	  	 	 	0.9298	  	 	 	0.9227	  	 	 	0.9150	  	 	 	0.9066	  	 	 	0.8977	  	 	 	0.8882	  	 	 	0.8777	  	 	 	0.8668	  	 	 	0.8551	  
	 	 	77	  	 	 	0.9600	  	 	 	0.9556	  	 	 	0.9508	  	 	 	0.9455	  	 	 	0.9397	  	 	 	0.9334	  	 	 	0.9266	  	 	 	0.9192	  	 	 	0.9112	  	 	 	0.9026	  	 	 	0.8934	  	 	 	0.8834	  	 	 	0.8728	  	 	 	0.8614	  
	 	 	78	  	 	 	0.9622	  	 	 	0.9581	  	 	 	0.9535	  	 	 	0.9485	  	 	 	0.9430	  	 	 	0.9369	  	 	 	0.9305	  	 	 	0.9233	  	 	 	0.9157	  	 	 	0.9075	  	 	 	0.8986	  	 	 	0.8889	  	 	 	0.8787	  	 	 	0.8677	  
	 	 	79	  	 	 	0.9644	  	 	 	0.9605	  	 	 	0.9562	  	 	 	0.9514	  	 	 	0.9461	  	 	 	0.9403	  	 	 	0.9341	  	 	 	0.9273	  	 	 	0.9200	  	 	 	0.9121	  	 	 	0.9036	  	 	 	0.8943	  	 	 	0.8844	  	 	 	0.8737	  
	 	 	80	  	 	 	0.9664	  	 	 	0.9628	  	 	 	0.9587	  	 	 	0.9542	  	 	 	0.9490	  	 	 	0.9436	  	 	 	0.9377	  	 	 	0.9313	  	 	 	0.9242	  	 	 	0.9167	  	 	 	0.9084	  	 	 	0.8995	  	 	 	0.8900	  	 	 	0.8797	  
	 	 	81	  	 	 	0.9685	  	 	 	0.9649	  	 	 	0.9611	  	 	 	0.9567	  	 	 	0.9520	  	 	 	0.9467	  	 	 	0.9411	  	 	 	0.9350	  	 	 	0.9282	  	 	 	0.9209	  	 	 	0.9131	  	 	 	0.9045	  	 	 	0.8953	  	 	 	0.8855	  
	 	 	82	  	 	 	0.9703	  	 	 	0.9670	  	 	 	0.9634	  	 	 	0.9593	  	 	 	0.9547	  	 	 	0.9497	  	 	 	0.9444	  	 	 	0.9385	  	 	 	0.9321	  	 	 	0.9252	  	 	 	0.9177	  	 	 	0.9094	  	 	 	0.9007	  	 	 	0.8911	  
	 	 	83	  	 	 	0.9721	  	 	 	0.9690	  	 	 	0.9655	  	 	 	0.9616	  	 	 	0.9574	  	 	 	0.9527	  	 	 	0.9476	  	 	 	0.9419	  	 	 	0.9358	  	 	 	0.9293	  	 	 	0.9221	  	 	 	0.9142	  	 	 	0.9058	  	 	 	0.8966	  
	 	 	84	  	 	 	0.9739	  	 	 	0.9709	  	 	 	0.9676	  	 	 	0.9640	  	 	 	0.9598	  	 	 	0.9554	  	 	 	0.9506	  	 	 	0.9453	  	 	 	0.9394	  	 	 	0.9332	  	 	 	0.9263	  	 	 	0.9188	  	 	 	0.9107	  	 	 	0.9019	  
	 	 	85	  	 	 	0.9755	  	 	 	0.9727	  	 	 	0.9696	  	 	 	0.9662	  	 	 	0.9622	  	 	 	0.9581	  	 	 	0.9535	  	 	 	0.9484	  	 	 	0.9429	  	 	 	0.9370	  	 	 	0.9304	  	 	 	0.9232	  	 	 	0.9155	  	 	 	0.9072	  

  
 101 

 Sub Appendix A. 2 

Table K – 
 O&R
Participants 
 For Distributions Beginning On and After July 1, 2008 

Reduction Factors For 

Vested Participant Spouse’s Allowance Coverage 

Applied for each year of coverage after termination of employment (or if later, from the time that the vested Participant has been given notice of his or her
right to waive the vested Participant Spouse’s Allowance) and before the earlier of death or the Annuity Starting Date. 
  

					
	 Vested Participant’s Age Range
	  	Factors per Year of Coverage	 
		
	 60 and over
	  	 	0.60	% 
	 55 – 59
	  	 	0.30	% 
	 50 – 54
	  	 	0.15	% 
	 45 – 49
	  	 	0.10	% 
	 40 – 44
	  	 	0.07	% 
	 35 – 39
	  	 	0.06	% 
	 30 – 34
	  	 	0.04	% 
	 Less than 30
	  	 	0.02	% 

 The factors per year of coverage shall be pro-rated for months of coverage in the established age ranges in a manner
determined by the Plan Administrator. 

  
 102 

 APPENDICES 

Table M-1 
 O&R
Participants 
 Joint and 75% Survivor Option Without Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	 

 
	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	20	  	 	 	0.9623	  	 	 	0.9594	  	 	 	0.9563	  	 	 	0.9531	  	 	 	0.9496	  	 	 	0.9459	  	 	 	0.9419	  	 	 	0.9377	  	 	 	0.9333	  	 	 	0.9286	  	 	 	0.9237	  	 	 	0.9184	  	 	 	0.9129	  	 	 	0.9071	  	 	 	0.9010	  	 	 	0.8946	  
	 	 	21	  	 	 	0.9633	  	 	 	0.9605	  	 	 	0.9574	  	 	 	0.9542	  	 	 	0.9507	  	 	 	0.9471	  	 	 	0.9432	  	 	 	0.9390	  	 	 	0.9346	  	 	 	0.9299	  	 	 	0.9250	  	 	 	0.9198	  	 	 	0.9143	  	 	 	0.9085	  	 	 	0.9024	  	 	 	0.8960	  
	 	 	22	  	 	 	0.9644	  	 	 	0.9616	  	 	 	0.9586	  	 	 	0.9553	  	 	 	0.9519	  	 	 	0.9483	  	 	 	0.9444	  	 	 	0.9403	  	 	 	0.9359	  	 	 	0.9313	  	 	 	0.9264	  	 	 	0.9212	  	 	 	0.9158	  	 	 	0.9100	  	 	 	0.9039	  	 	 	0.8976	  
	 	 	23	  	 	 	0.9654	  	 	 	0.9626	  	 	 	0.9597	  	 	 	0.9565	  	 	 	0.9531	  	 	 	0.9495	  	 	 	0.9457	  	 	 	0.9416	  	 	 	0.9373	  	 	 	0.9327	  	 	 	0.9279	  	 	 	0.9227	  	 	 	0.9173	  	 	 	0.9115	  	 	 	0.9055	  	 	 	0.8992	  
	 	 	24	  	 	 	0.9665	  	 	 	0.9637	  	 	 	0.9608	  	 	 	0.9565	  	 	 	0.9544	  	 	 	0.9508	  	 	 	0.9470	  	 	 	0.9430	  	 	 	0.9387	  	 	 	0.9342	  	 	 	0.9293	  	 	 	0.9242	  	 	 	0.9188	  	 	 	0.9131	  	 	 	0.9071	  	 	 	0.9008	  
	 	 	25	  	 	 	0.9675	  	 	 	0.9648	  	 	 	0.9620	  	 	 	0.9565	  	 	 	0.9556	  	 	 	0.9521	  	 	 	0.9484	  	 	 	0.9444	  	 	 	0.9402	  	 	 	0.9357	  	 	 	0.9309	  	 	 	0.9258	  	 	 	0.9204	  	 	 	0.9148	  	 	 	0.9088	  	 	 	0.9025	  
	 	 	26	  	 	 	0.9686	  	 	 	0.9660	  	 	 	0.9631	  	 	 	0.9565	  	 	 	0.9569	  	 	 	0.9535	  	 	 	0.9498	  	 	 	0.9458	  	 	 	0.9417	  	 	 	0.9372	  	 	 	0.9324	  	 	 	0.9274	  	 	 	0.9221	  	 	 	0.9165	  	 	 	0.9105	  	 	 	0.9043	  
	 	 	27	  	 	 	0.9696	  	 	 	0.9671	  	 	 	0.9643	  	 	 	0.9565	  	 	 	0.9582	  	 	 	0.9548	  	 	 	0.9512	  	 	 	0.9473	  	 	 	0.9432	  	 	 	0.9387	  	 	 	0.9341	  	 	 	0.9291	  	 	 	0.9238	  	 	 	0.9182	  	 	 	0.9123	  	 	 	0.9061	  
	 	 	28	  	 	 	0.9707	  	 	 	0.9682	  	 	 	0.9655	  	 	 	0.9565	  	 	 	0.9595	  	 	 	0.9562	  	 	 	0.9526	  	 	 	0.9488	  	 	 	0.9447	  	 	 	0.9403	  	 	 	0.9357	  	 	 	0.9308	  	 	 	0.9255	  	 	 	0.9200	  	 	 	0.9142	  	 	 	0.9080	  
	 	 	29	  	 	 	0.9717	  	 	 	0.9693	  	 	 	0.9667	  	 	 	0.9565	  	 	 	0.9608	  	 	 	0.9575	  	 	 	0.9540	  	 	 	0.9503	  	 	 	0.9463	  	 	 	0.9420	  	 	 	0.9374	  	 	 	0.9325	  	 	 	0.9273	  	 	 	0.9218	  	 	 	0.9160	  	 	 	0.9099	  
	 	 	30	  	 	 	0.9728	  	 	 	0.9704	  	 	 	0.9679	  	 	 	0.9565	  	 	 	0.9621	  	 	 	0.9589	  	 	 	0.9555	  	 	 	0.9518	  	 	 	0.9478	  	 	 	0.9436	  	 	 	0.9391	  	 	 	0.9343	  	 	 	0.9292	  	 	 	0.9237	  	 	 	0.9180	  	 	 	0.9119	  
	 	 	31	  	 	 	0.9738	  	 	 	0.9715	  	 	 	0.9690	  	 	 	0.9565	  	 	 	0.9634	  	 	 	0.9603	  	 	 	0.9569	  	 	 	0.9533	  	 	 	0.9494	  	 	 	0.9453	  	 	 	0.9408	  	 	 	0.9361	  	 	 	0.9310	  	 	 	0.9257	  	 	 	0.9200	  	 	 	0.9140	  
	 	 	32	  	 	 	0.9749	  	 	 	0.9726	  	 	 	0.9702	  	 	 	0.9565	  	 	 	0.9647	  	 	 	0.9617	  	 	 	0.9584	  	 	 	0.9549	  	 	 	0.9510	  	 	 	0.9470	  	 	 	0.9426	  	 	 	0.9379	  	 	 	0.9329	  	 	 	0.9276	  	 	 	0.9220	  	 	 	0.9161	  
	 	 	33	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9714	  	 	 	0.9565	  	 	 	0.9661	  	 	 	0.9631	  	 	 	0.9599	  	 	 	0.9564	  	 	 	0.9527	  	 	 	0.9487	  	 	 	0.9444	  	 	 	0.9398	  	 	 	0.9348	  	 	 	0.9296	  	 	 	0.9241	  	 	 	0.9182	  
	 	 	34	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9565	  	 	 	0.9674	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9579	  	 	 	0.9543	  	 	 	0.9504	  	 	 	0.9462	  	 	 	0.9416	  	 	 	0.9368	  	 	 	0.9317	  	 	 	0.9262	  	 	 	0.9204	  
	 	 	35	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9737	  	 	 	0.9565	  	 	 	0.9687	  	 	 	0.9658	  	 	 	0.9628	  	 	 	0.9595	  	 	 	0.9559	  	 	 	0.9521	  	 	 	0.9480	  	 	 	0.9435	  	 	 	0.9388	  	 	 	0.9337	  	 	 	0.9283	  	 	 	0.9226	  
	 	 	36	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9565	  	 	 	0.9699	  	 	 	0.9672	  	 	 	0.9643	  	 	 	0.9610	  	 	 	0.9576	  	 	 	0.9538	  	 	 	0.9498	  	 	 	0.9454	  	 	 	0.9408	  	 	 	0.9358	  	 	 	0.9305	  	 	 	0.9249	  
	 	 	37	  	 	 	0.9798	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9565	  	 	 	0.9712	  	 	 	0.9686	  	 	 	0.9657	  	 	 	0.9626	  	 	 	0.9592	  	 	 	0.9555	  	 	 	0.9516	  	 	 	0.9474	  	 	 	0.9428	  	 	 	0.9379	  	 	 	0.9327	  	 	 	0.9272	  
	 	 	38	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9565	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9671	  	 	 	0.9641	  	 	 	0.9608	  	 	 	0.9573	  	 	 	0.9534	  	 	 	0.9493	  	 	 	0.9448	  	 	 	0.9401	  	 	 	0.9350	  	 	 	0.9295	  
	 	 	39	  	 	 	0.9816	  	 	 	0.9799	  	 	 	0.9780	  	 	 	0.9565	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9656	  	 	 	0.9624	  	 	 	0.9590	  	 	 	0.9553	  	 	 	0.9512	  	 	 	0.9469	  	 	 	0.9422	  	 	 	0.9372	  	 	 	0.9319	  
	 	 	40	  	 	 	0.9825	  	 	 	0.9809	  	 	 	0.9791	  	 	 	0.9565	  	 	 	0.9749	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9671	  	 	 	0.9640	  	 	 	0.9607	  	 	 	0.9571	  	 	 	0.9531	  	 	 	0.9489	  	 	 	0.9444	  	 	 	0.9395	  	 	 	0.9343	  
	 	 	41	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9565	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9713	  	 	 	0.9686	  	 	 	0.9656	  	 	 	0.9624	  	 	 	0.9589	  	 	 	0.9551	  	 	 	0.9509	  	 	 	0.9465	  	 	 	0.9417	  	 	 	0.9366	  
	 	 	42	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9565	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9672	  	 	 	0.9640	  	 	 	0.9606	  	 	 	0.9570	  	 	 	0.9530	  	 	 	0.9487	  	 	 	0.9440	  	 	 	0.9390	  
	 	 	43	  	 	 	0.9850	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9565	  	 	 	0.9784	  	 	 	0.9763	  	 	 	0.9740	  	 	 	0.9715	  	 	 	0.9687	  	 	 	0.9657	  	 	 	0.9624	  	 	 	0.9588	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9463	  	 	 	0.9414	  
	 	 	44	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9565	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9753	  	 	 	0.9728	  	 	 	0.9702	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9607	  	 	 	0.9570	  	 	 	0.9529	  	 	 	0.9485	  	 	 	0.9438	  
	 	 	45	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9565	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9589	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9462	  
	 	 	46	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9565	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9704	  	 	 	0.9675	  	 	 	0.9643	  	 	 	0.9608	  	 	 	0.9571	  	 	 	0.9530	  	 	 	0.9486	  
	 	 	47	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9565	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9745	  	 	 	0.9719	  	 	 	0.9691	  	 	 	0.9661	  	 	 	0.9627	  	 	 	0.9591	  	 	 	0.9552	  	 	 	0.9509	  
	 	 	48	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9565	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9800	  	 	 	0.9780	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9611	  	 	 	0.9573	  	 	 	0.9532	  
	 	 	49	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9565	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9695	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9594	  	 	 	0.9554	  
	 	 	50	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9565	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9784	  	 	 	0.9762	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9682	  	 	 	0.9650	  	 	 	0.9615	  	 	 	0.9577	  
	 	 	51	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9565	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9752	  	 	 	0.9727	  	 	 	0.9699	  	 	 	0.9668	  	 	 	0.9635	  	 	 	0.9598	  
	 	 	52	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9565	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9686	  	 	 	0.9655	  	 	 	0.9620	  

  
 103 

 APPENDICES 
  

 Table M-1 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option Without Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	 

 
	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	53	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9780	  	 	 	0.9757	  	 	 	0.9732	  	 	 	0.9704	  	 	 	0.9674	  	 	 	0.9640	  
	 	 	54	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9793	  	 	 	0.9771	  	 	 	0.9747	  	 	 	0.9721	  	 	 	0.9692	  	 	 	0.9661	  
	 	 	55	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9806	  	 	 	0.9785	  	 	 	0.9762	  	 	 	0.9738	  	 	 	0.9710	  	 	 	0.9680	  
	 	 	56	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9753	  	 	 	0.9728	  	 	 	0.9699	  
	 	 	57	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9829	  	 	 	0.9811	  	 	 	0.9791	  	 	 	0.9769	  	 	 	0.9744	  	 	 	0.9718	  
	 	 	58	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9804	  	 	 	0.9784	  	 	 	0.9761	  	 	 	0.9735	  
	 	 	59	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9776	  	 	 	0.9752	  
	 	 	60	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9811	  	 	 	0.9791	  	 	 	0.9769	  
	 	 	61	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9805	  	 	 	0.9784	  
	 	 	62	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9837	  	 	 	0.9819	  	 	 	0.9799	  
	 	 	63	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9813	  
	 	 	64	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9827	  
	 	 	65	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9840	  
	 	 	66	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9852	  
	 	 	67	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9863	  
	 	 	68	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9874	  
	 	 	69	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9884	  
	 	 	70	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9894	  
	 	 	71	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  
	 	 	72	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  
	 	 	73	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  
	 	 	74	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9926	  
	 	 	75	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  
	 	 	76	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9939	  
	 	 	77	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  
	 	 	78	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9950	  
	 	 	79	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9959	  	 	 	0.9955	  
	 	 	80	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  
	 	 	81	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  
	 	 	82	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  
	 	 	83	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  
	 	 	84	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9976	  	 	 	0.9973	  
	 	 	85	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  

  
 104 

 APPENDICES 
  

 Table M-1 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option Without Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	 

 
	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	20	  	 	 	0.8879	  	 	 	0.8809	  	 	 	0.8735	  	 	 	0.8659	  	 	 	0.8579	  	 	 	0.8496	  	 	 	0.8410	  	 	 	0.8319	  	 	 	0.8224	  	 	 	0.8126	  	 	 	0.8022	  	 	 	0.7915	  	 	 	0.7802	  	 	 	0.7684	  	 	 	0.7562	  	 	 	0.7434	  
	 	 	21	  	 	 	0.8894	  	 	 	0.8824	  	 	 	0.8751	  	 	 	0.8674	  	 	 	0.8595	  	 	 	0.8512	  	 	 	0.8425	  	 	 	0.8335	  	 	 	0.8240	  	 	 	0.8141	  	 	 	0.8038	  	 	 	0.7930	  	 	 	0.7817	  	 	 	0.7700	  	 	 	0.7577	  	 	 	0.7450	  
	 	 	22	  	 	 	0.8909	  	 	 	0.8839	  	 	 	0.8767	  	 	 	0.8690	  	 	 	0.8611	  	 	 	0.8528	  	 	 	0.8442	  	 	 	0.8351	  	 	 	0.8257	  	 	 	0.8158	  	 	 	0.8055	  	 	 	0.7947	  	 	 	0.7834	  	 	 	0.7716	  	 	 	0.7593	  	 	 	0.7466	  
	 	 	23	  	 	 	0.8925	  	 	 	0.8856	  	 	 	0.8783	  	 	 	0.8707	  	 	 	0.8628	  	 	 	0.8545	  	 	 	0.8459	  	 	 	0.8368	  	 	 	0.8274	  	 	 	0.8175	  	 	 	0.8072	  	 	 	0.7964	  	 	 	0.7851	  	 	 	0.7733	  	 	 	0.7611	  	 	 	0.7483	  
	 	 	24	  	 	 	0.8942	  	 	 	0.8873	  	 	 	0.8800	  	 	 	0.8724	  	 	 	0.8645	  	 	 	0.8563	  	 	 	0.8476	  	 	 	0.8386	  	 	 	0.8292	  	 	 	0.8193	  	 	 	0.8090	  	 	 	0.7982	  	 	 	0.7869	  	 	 	0.7751	  	 	 	0.7628	  	 	 	0.7501	  
	 	 	25	  	 	 	0.8959	  	 	 	0.8890	  	 	 	0.8818	  	 	 	0.8742	  	 	 	0.8664	  	 	 	0.8581	  	 	 	0.8495	  	 	 	0.8405	  	 	 	0.8310	  	 	 	0.8212	  	 	 	0.8109	  	 	 	0.8001	  	 	 	0.7888	  	 	 	0.7770	  	 	 	0.7647	  	 	 	0.7519	  
	 	 	26	  	 	 	0.8977	  	 	 	0.8909	  	 	 	0.8837	  	 	 	0.8761	  	 	 	0.8683	  	 	 	0.8600	  	 	 	0.8514	  	 	 	0.8424	  	 	 	0.8330	  	 	 	0.8232	  	 	 	0.8128	  	 	 	0.8021	  	 	 	0.7908	  	 	 	0.7790	  	 	 	0.7667	  	 	 	0.7539	  
	 	 	27	  	 	 	0.8996	  	 	 	0.8927	  	 	 	0.8856	  	 	 	0.8781	  	 	 	0.8702	  	 	 	0.8620	  	 	 	0.8534	  	 	 	0.8445	  	 	 	0.8351	  	 	 	0.8252	  	 	 	0.8149	  	 	 	0.8041	  	 	 	0.7929	  	 	 	0.7811	  	 	 	0.7688	  	 	 	0.7559	  
	 	 	28	  	 	 	0.9015	  	 	 	0.8947	  	 	 	0.8876	  	 	 	0.8801	  	 	 	0.8723	  	 	 	0.8641	  	 	 	0.8555	  	 	 	0.8466	  	 	 	0.8372	  	 	 	0.8274	  	 	 	0.8171	  	 	 	0.8063	  	 	 	0.7950	  	 	 	0.7832	  	 	 	0.7709	  	 	 	0.7581	  
	 	 	29	  	 	 	0.9035	  	 	 	0.8967	  	 	 	0.8896	  	 	 	0.8822	  	 	 	0.8744	  	 	 	0.8663	  	 	 	0.8577	  	 	 	0.8488	  	 	 	0.8394	  	 	 	0.8296	  	 	 	0.8193	  	 	 	0.8086	  	 	 	0.7973	  	 	 	0.7855	  	 	 	0.7732	  	 	 	0.7604	  
	 	 	30	  	 	 	0.9055	  	 	 	0.8988	  	 	 	0.8918	  	 	 	0.8844	  	 	 	0.8766	  	 	 	0.8685	  	 	 	0.8600	  	 	 	0.8511	  	 	 	0.8417	  	 	 	0.8319	  	 	 	0.8217	  	 	 	0.8109	  	 	 	0.7997	  	 	 	0.7879	  	 	 	0.7756	  	 	 	0.7628	  
	 	 	31	  	 	 	0.9076	  	 	 	0.9010	  	 	 	0.8940	  	 	 	0.8866	  	 	 	0.8789	  	 	 	0.8708	  	 	 	0.8623	  	 	 	0.8535	  	 	 	0.8441	  	 	 	0.8344	  	 	 	0.8241	  	 	 	0.8134	  	 	 	0.8021	  	 	 	0.7904	  	 	 	0.7781	  	 	 	0.7652	  
	 	 	32	  	 	 	0.9098	  	 	 	0.9032	  	 	 	0.8962	  	 	 	0.8889	  	 	 	0.8813	  	 	 	0.8732	  	 	 	0.8648	  	 	 	0.8559	  	 	 	0.8466	  	 	 	0.8369	  	 	 	0.8267	  	 	 	0.8160	  	 	 	0.8047	  	 	 	0.7930	  	 	 	0.7807	  	 	 	0.7678	  
	 	 	33	  	 	 	0.9120	  	 	 	0.9054	  	 	 	0.8986	  	 	 	0.8913	  	 	 	0.8837	  	 	 	0.8757	  	 	 	0.8673	  	 	 	0.8585	  	 	 	0.8493	  	 	 	0.8395	  	 	 	0.8293	  	 	 	0.8186	  	 	 	0.8074	  	 	 	0.7957	  	 	 	0.7834	  	 	 	0.7706	  
	 	 	34	  	 	 	0.9143	  	 	 	0.9078	  	 	 	0.9009	  	 	 	0.8938	  	 	 	0.8862	  	 	 	0.8783	  	 	 	0.8699	  	 	 	0.8612	  	 	 	0.8520	  	 	 	0.8423	  	 	 	0.8321	  	 	 	0.8214	  	 	 	0.8102	  	 	 	0.7985	  	 	 	0.7862	  	 	 	0.7734	  
	 	 	35	  	 	 	0.9166	  	 	 	0.9102	  	 	 	0.9034	  	 	 	0.8963	  	 	 	0.8888	  	 	 	0.8809	  	 	 	0.8726	  	 	 	0.8639	  	 	 	0.8548	  	 	 	0.8451	  	 	 	0.8350	  	 	 	0.8243	  	 	 	0.8132	  	 	 	0.8015	  	 	 	0.7892	  	 	 	0.7764	  
	 	 	36	  	 	 	0.9189	  	 	 	0.9126	  	 	 	0.9059	  	 	 	0.8989	  	 	 	0.8915	  	 	 	0.8836	  	 	 	0.8754	  	 	 	0.8668	  	 	 	0.8576	  	 	 	0.8481	  	 	 	0.8380	  	 	 	0.8274	  	 	 	0.8162	  	 	 	0.8045	  	 	 	0.7923	  	 	 	0.7795	  
	 	 	37	  	 	 	0.9213	  	 	 	0.9151	  	 	 	0.9085	  	 	 	0.9015	  	 	 	0.8942	  	 	 	0.8864	  	 	 	0.8783	  	 	 	0.8697	  	 	 	0.8606	  	 	 	0.8511	  	 	 	0.8411	  	 	 	0.8305	  	 	 	0.8194	  	 	 	0.8077	  	 	 	0.7955	  	 	 	0.7828	  
	 	 	38	  	 	 	0.9237	  	 	 	0.9176	  	 	 	0.9111	  	 	 	0.9042	  	 	 	0.8970	  	 	 	0.8893	  	 	 	0.8812	  	 	 	0.8727	  	 	 	0.8637	  	 	 	0.8543	  	 	 	0.8443	  	 	 	0.8338	  	 	 	0.8227	  	 	 	0.8111	  	 	 	0.7989	  	 	 	0.7861	  
	 	 	39	  	 	 	0.9262	  	 	 	0.9202	  	 	 	0.9138	  	 	 	0.9070	  	 	 	0.8998	  	 	 	0.8923	  	 	 	0.8843	  	 	 	0.8758	  	 	 	0.8669	  	 	 	0.8575	  	 	 	0.8476	  	 	 	0.8371	  	 	 	0.8261	  	 	 	0.8145	  	 	 	0.8024	  	 	 	0.7897	  
	 	 	40	  	 	 	0.9287	  	 	 	0.9228	  	 	 	0.9165	  	 	 	0.9098	  	 	 	0.9027	  	 	 	0.8953	  	 	 	0.8874	  	 	 	0.8790	  	 	 	0.8702	  	 	 	0.8609	  	 	 	0.8510	  	 	 	0.8406	  	 	 	0.8297	  	 	 	0.8181	  	 	 	0.8060	  	 	 	0.7933	  
	 	 	41	  	 	 	0.9312	  	 	 	0.9254	  	 	 	0.9192	  	 	 	0.9127	  	 	 	0.9057	  	 	 	0.8983	  	 	 	0.8906	  	 	 	0.8823	  	 	 	0.8736	  	 	 	0.8643	  	 	 	0.8545	  	 	 	0.8442	  	 	 	0.8333	  	 	 	0.8219	  	 	 	0.8098	  	 	 	0.7971	  
	 	 	42	  	 	 	0.9337	  	 	 	0.9280	  	 	 	0.9220	  	 	 	0.9155	  	 	 	0.9087	  	 	 	0.9015	  	 	 	0.8938	  	 	 	0.8856	  	 	 	0.8770	  	 	 	0.8678	  	 	 	0.8582	  	 	 	0.8479	  	 	 	0.8371	  	 	 	0.8257	  	 	 	0.8137	  	 	 	0.8011	  
	 	 	43	  	 	 	0.9362	  	 	 	0.9307	  	 	 	0.9248	  	 	 	0.9185	  	 	 	0.9118	  	 	 	0.9046	  	 	 	0.8971	  	 	 	0.8890	  	 	 	0.8805	  	 	 	0.8715	  	 	 	0.8619	  	 	 	0.8517	  	 	 	0.8410	  	 	 	0.8297	  	 	 	0.8177	  	 	 	0.8052	  
	 	 	44	  	 	 	0.9388	  	 	 	0.9334	  	 	 	0.9276	  	 	 	0.9214	  	 	 	0.9148	  	 	 	0.9079	  	 	 	0.9004	  	 	 	0.8925	  	 	 	0.8841	  	 	 	0.8752	  	 	 	0.8657	  	 	 	0.8557	  	 	 	0.8450	  	 	 	0.8338	  	 	 	0.8219	  	 	 	0.8094	  
	 	 	45	  	 	 	0.9413	  	 	 	0.9360	  	 	 	0.9304	  	 	 	0.9244	  	 	 	0.9180	  	 	 	0.9111	  	 	 	0.9038	  	 	 	0.8960	  	 	 	0.8878	  	 	 	0.8790	  	 	 	0.8696	  	 	 	0.8597	  	 	 	0.8491	  	 	 	0.8380	  	 	 	0.8262	  	 	 	0.8138	  
	 	 	46	  	 	 	0.9438	  	 	 	0.9387	  	 	 	0.9332	  	 	 	0.9273	  	 	 	0.9211	  	 	 	0.9144	  	 	 	0.9072	  	 	 	0.8996	  	 	 	0.8915	  	 	 	0.8828	  	 	 	0.8736	  	 	 	0.8638	  	 	 	0.8534	  	 	 	0.8423	  	 	 	0.8306	  	 	 	0.8183	  
	 	 	47	  	 	 	0.9463	  	 	 	0.9413	  	 	 	0.9360	  	 	 	0.9303	  	 	 	0.9242	  	 	 	0.9177	  	 	 	0.9107	  	 	 	0.9032	  	 	 	0.8952	  	 	 	0.8867	  	 	 	0.8776	  	 	 	0.8680	  	 	 	0.8577	  	 	 	0.8468	  	 	 	0.8352	  	 	 	0.8230	  
	 	 	48	  	 	 	0.9487	  	 	 	0.9439	  	 	 	0.9388	  	 	 	0.9333	  	 	 	0.9273	  	 	 	0.9210	  	 	 	0.9141	  	 	 	0.9068	  	 	 	0.8990	  	 	 	0.8907	  	 	 	0.8817	  	 	 	0.8722	  	 	 	0.8621	  	 	 	0.8513	  	 	 	0.8399	  	 	 	0.8278	  
	 	 	49	  	 	 	0.9512	  	 	 	0.9465	  	 	 	0.9416	  	 	 	0.9362	  	 	 	0.9304	  	 	 	0.9242	  	 	 	0.9176	  	 	 	0.9105	  	 	 	0.9029	  	 	 	0.8947	  	 	 	0.8859	  	 	 	0.8766	  	 	 	0.8666	  	 	 	0.8559	  	 	 	0.8446	  	 	 	0.8326	  
	 	 	50	  	 	 	0.9536	  	 	 	0.9491	  	 	 	0.9443	  	 	 	0.9391	  	 	 	0.9335	  	 	 	0.9275	  	 	 	0.9211	  	 	 	0.9141	  	 	 	0.9067	  	 	 	0.8987	  	 	 	0.8901	  	 	 	0.8809	  	 	 	0.8711	  	 	 	0.8606	  	 	 	0.8495	  	 	 	0.8377	  
	 	 	51	  	 	 	0.9559	  	 	 	0.9516	  	 	 	0.9470	  	 	 	0.9420	  	 	 	0.9366	  	 	 	0.9308	  	 	 	0.9245	  	 	 	0.9178	  	 	 	0.9106	  	 	 	0.9028	  	 	 	0.8944	  	 	 	0.8854	  	 	 	0.8757	  	 	 	0.8654	  	 	 	0.8544	  	 	 	0.8428	  
	 	 	52	  	 	 	0.9582	  	 	 	0.9541	  	 	 	0.9496	  	 	 	0.9448	  	 	 	0.9396	  	 	 	0.9340	  	 	 	0.9280	  	 	 	0.9215	  	 	 	0.9144	  	 	 	0.9068	  	 	 	0.8986	  	 	 	0.8898	  	 	 	0.8804	  	 	 	0.8703	  	 	 	0.8595	  	 	 	0.8480	  

  
 105 

 APPENDICES 
  

 Table M-1 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option Without Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	 

 
	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	53	  	 	 	0.9604	  	 	 	0.9565	  	 	 	0.9522	  	 	 	0.9476	  	 	 	0.9426	  	 	 	0.9372	  	 	 	0.9314	  	 	 	0.9251	  	 	 	0.9183	  	 	 	0.9109	  	 	 	0.9029	  	 	 	0.8943	  	 	 	0.8851	  	 	 	0.8752	  	 	 	0.8646	  	 	 	0.8533	  
	 	 	54	  	 	 	0.9626	  	 	 	0.9589	  	 	 	0.9548	  	 	 	0.9504	  	 	 	0.9456	  	 	 	0.9404	  	 	 	0.9348	  	 	 	0.9287	  	 	 	0.9221	  	 	 	0.9150	  	 	 	0.9072	  	 	 	0.8989	  	 	 	0.8899	  	 	 	0.8802	  	 	 	0.8698	  	 	 	0.8587	  
	 	 	55	  	 	 	0.9648	  	 	 	0.9612	  	 	 	0.9573	  	 	 	0.9531	  	 	 	0.9485	  	 	 	0.9435	  	 	 	0.9381	  	 	 	0.9323	  	 	 	0.9259	  	 	 	0.9190	  	 	 	0.9115	  	 	 	0.9034	  	 	 	0.8946	  	 	 	0.8852	  	 	 	0.8750	  	 	 	0.8642	  
	 	 	56	  	 	 	0.9668	  	 	 	0.9634	  	 	 	0.9597	  	 	 	0.9557	  	 	 	0.9514	  	 	 	0.9466	  	 	 	0.9414	  	 	 	0.9358	  	 	 	0.9297	  	 	 	0.9230	  	 	 	0.9158	  	 	 	0.9079	  	 	 	0.8994	  	 	 	0.8902	  	 	 	0.8803	  	 	 	0.8697	  
	 	 	57	  	 	 	0.9688	  	 	 	0.9656	  	 	 	0.9621	  	 	 	0.9583	  	 	 	0.9541	  	 	 	0.9496	  	 	 	0.9447	  	 	 	0.9393	  	 	 	0.9334	  	 	 	0.9270	  	 	 	0.9200	  	 	 	0.9124	  	 	 	0.9042	  	 	 	0.8953	  	 	 	0.8856	  	 	 	0.8753	  
	 	 	58	  	 	 	0.9707	  	 	 	0.9677	  	 	 	0.9644	  	 	 	0.9608	  	 	 	0.9568	  	 	 	0.9525	  	 	 	0.9478	  	 	 	0.9427	  	 	 	0.9371	  	 	 	0.9309	  	 	 	0.9242	  	 	 	0.9169	  	 	 	0.9090	  	 	 	0.9003	  	 	 	0.8910	  	 	 	0.8809	  
	 	 	59	  	 	 	0.9726	  	 	 	0.9698	  	 	 	0.9666	  	 	 	0.9632	  	 	 	0.9595	  	 	 	0.9554	  	 	 	0.9509	  	 	 	0.9460	  	 	 	0.9407	  	 	 	0.9348	  	 	 	0.9284	  	 	 	0.9214	  	 	 	0.9137	  	 	 	0.9053	  	 	 	0.8963	  	 	 	0.8865	  
	 	 	60	  	 	 	0.9744	  	 	 	0.9717	  	 	 	0.9688	  	 	 	0.9655	  	 	 	0.9620	  	 	 	0.9582	  	 	 	0.9539	  	 	 	0.9493	  	 	 	0.9442	  	 	 	0.9386	  	 	 	0.9325	  	 	 	0.9257	  	 	 	0.9184	  	 	 	0.9103	  	 	 	0.9016	  	 	 	0.8921	  
	 	 	61	  	 	 	0.9761	  	 	 	0.9736	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9645	  	 	 	0.9608	  	 	 	0.9568	  	 	 	0.9524	  	 	 	0.9476	  	 	 	0.9423	  	 	 	0.9364	  	 	 	0.9300	  	 	 	0.9230	  	 	 	0.9153	  	 	 	0.9069	  	 	 	0.8977	  
	 	 	62	  	 	 	0.9778	  	 	 	0.9754	  	 	 	0.9728	  	 	 	0.9700	  	 	 	0.9668	  	 	 	0.9634	  	 	 	0.9597	  	 	 	0.9555	  	 	 	0.9509	  	 	 	0.9459	  	 	 	0.9404	  	 	 	0.9342	  	 	 	0.9275	  	 	 	0.9201	  	 	 	0.9121	  	 	 	0.9032	  
	 	 	63	  	 	 	0.9793	  	 	 	0.9771	  	 	 	0.9747	  	 	 	0.9720	  	 	 	0.9691	  	 	 	0.9659	  	 	 	0.9624	  	 	 	0.9585	  	 	 	0.9542	  	 	 	0.9494	  	 	 	0.9442	  	 	 	0.9383	  	 	 	0.9319	  	 	 	0.9249	  	 	 	0.9172	  	 	 	0.9087	  
	 	 	64	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9765	  	 	 	0.9740	  	 	 	0.9713	  	 	 	0.9683	  	 	 	0.9650	  	 	 	0.9613	  	 	 	0.9573	  	 	 	0.9528	  	 	 	0.9478	  	 	 	0.9423	  	 	 	0.9363	  	 	 	0.9296	  	 	 	0.9222	  	 	 	0.9141	  
	 	 	65	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9782	  	 	 	0.9759	  	 	 	0.9734	  	 	 	0.9706	  	 	 	0.9675	  	 	 	0.9641	  	 	 	0.9603	  	 	 	0.9561	  	 	 	0.9514	  	 	 	0.9462	  	 	 	0.9405	  	 	 	0.9341	  	 	 	0.9271	  	 	 	0.9194	  
	 	 	66	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9777	  	 	 	0.9753	  	 	 	0.9727	  	 	 	0.9699	  	 	 	0.9667	  	 	 	0.9631	  	 	 	0.9592	  	 	 	0.9548	  	 	 	0.9499	  	 	 	0.9445	  	 	 	0.9385	  	 	 	0.9319	  	 	 	0.9245	  
	 	 	67	  	 	 	0.9848	  	 	 	0.9832	  	 	 	0.9814	  	 	 	0.9794	  	 	 	0.9772	  	 	 	0.9748	  	 	 	0.9721	  	 	 	0.9692	  	 	 	0.9659	  	 	 	0.9622	  	 	 	0.9581	  	 	 	0.9535	  	 	 	0.9484	  	 	 	0.9428	  	 	 	0.9365	  	 	 	0.9296	  
	 	 	68	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9768	  	 	 	0.9743	  	 	 	0.9715	  	 	 	0.9685	  	 	 	0.9650	  	 	 	0.9612	  	 	 	0.9570	  	 	 	0.9522	  	 	 	0.9469	  	 	 	0.9410	  	 	 	0.9344	  
	 	 	69	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9786	  	 	 	0.9763	  	 	 	0.9738	  	 	 	0.9709	  	 	 	0.9678	  	 	 	0.9642	  	 	 	0.9602	  	 	 	0.9558	  	 	 	0.9508	  	 	 	0.9452	  	 	 	0.9391	  
	 	 	70	  	 	 	0.9882	  	 	 	0.9869	  	 	 	0.9855	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9782	  	 	 	0.9759	  	 	 	0.9733	  	 	 	0.9703	  	 	 	0.9670	  	 	 	0.9633	  	 	 	0.9592	  	 	 	0.9545	  	 	 	0.9493	  	 	 	0.9436	  
	 	 	71	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9800	  	 	 	0.9779	  	 	 	0.9754	  	 	 	0.9727	  	 	 	0.9697	  	 	 	0.9663	  	 	 	0.9624	  	 	 	0.9581	  	 	 	0.9533	  	 	 	0.9478	  
	 	 	72	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9775	  	 	 	0.9750	  	 	 	0.9722	  	 	 	0.9691	  	 	 	0.9655	  	 	 	0.9615	  	 	 	0.9570	  	 	 	0.9519	  
	 	 	73	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9794	  	 	 	0.9772	  	 	 	0.9746	  	 	 	0.9717	  	 	 	0.9684	  	 	 	0.9647	  	 	 	0.9605	  	 	 	0.9558	  
	 	 	74	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9768	  	 	 	0.9741	  	 	 	0.9711	  	 	 	0.9677	  	 	 	0.9638	  	 	 	0.9595	  
	 	 	75	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9829	  	 	 	0.9810	  	 	 	0.9789	  	 	 	0.9764	  	 	 	0.9737	  	 	 	0.9705	  	 	 	0.9670	  	 	 	0.9630	  
	 	 	76	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9860	  	 	 	0.9845	  	 	 	0.9827	  	 	 	0.9808	  	 	 	0.9786	  	 	 	0.9760	  	 	 	0.9731	  	 	 	0.9699	  	 	 	0.9662	  
	 	 	77	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9843	  	 	 	0.9826	  	 	 	0.9805	  	 	 	0.9782	  	 	 	0.9756	  	 	 	0.9726	  	 	 	0.9692	  
	 	 	78	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9842	  	 	 	0.9824	  	 	 	0.9803	  	 	 	0.9779	  	 	 	0.9751	  	 	 	0.9720	  
	 	 	79	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9857	  	 	 	0.9840	  	 	 	0.9821	  	 	 	0.9799	  	 	 	0.9775	  	 	 	0.9746	  
	 	 	80	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9871	  	 	 	0.9856	  	 	 	0.9838	  	 	 	0.9819	  	 	 	0.9796	  	 	 	0.9770	  
	 	 	81	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9854	  	 	 	0.9836	  	 	 	0.9816	  	 	 	0.9792	  
	 	 	82	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9869	  	 	 	0.9852	  	 	 	0.9834	  	 	 	0.9813	  
	 	 	83	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9867	  	 	 	0.9850	  	 	 	0.9831	  
	 	 	84	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9881	  	 	 	0.9866	  	 	 	0.9848	  
	 	 	85	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9893	  	 	 	0.9879	  	 	 	0.9864	  

  
 106 

 APPENDICES 
  

 Table M-1 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option Without Pop-Up Factors 

Effective January 1, 2008 
  

																																																													
	 	 	 	 	 	Age of Pensioner	 
	

 	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	20	  	 	 	0.7302	  	 	 	0.7164	  	 	 	0.7022	  	 	 	0.6876	  	 	 	0.6725	  	 	 	0.6571	  	 	 	0.6413	  	 	 	0.6251	  	 	 	0.6087	  	 	 	0.5920	  	 	 	0.5750	  	 	 	0.5578	  	 	 	0.5404	  	 	 	0.5228	  
	 	 	21	  	 	 	0.7317	  	 	 	0.7179	  	 	 	0.7037	  	 	 	0.6891	  	 	 	0.6740	  	 	 	0.6585	  	 	 	0.6427	  	 	 	0.6265	  	 	 	0.6101	  	 	 	0.5933	  	 	 	0.5763	  	 	 	0.5591	  	 	 	0.5416	  	 	 	0.5241	  
	 	 	22	  	 	 	0.7333	  	 	 	0.7195	  	 	 	0.7053	  	 	 	0.6906	  	 	 	0.6755	  	 	 	0.6600	  	 	 	0.6442	  	 	 	0.6280	  	 	 	0.6115	  	 	 	0.5948	  	 	 	0.5777	  	 	 	0.5604	  	 	 	0.5430	  	 	 	0.5253	  
	 	 	23	  	 	 	0.7350	  	 	 	0.7212	  	 	 	0.7070	  	 	 	0.6923	  	 	 	0.6771	  	 	 	0.6616	  	 	 	0.6458	  	 	 	0.6296	  	 	 	0.6130	  	 	 	0.5963	  	 	 	0.5792	  	 	 	0.5619	  	 	 	0.5443	  	 	 	0.5267	  
	 	 	24	  	 	 	0.7368	  	 	 	0.7230	  	 	 	0.7087	  	 	 	0.6940	  	 	 	0.6788	  	 	 	0.6633	  	 	 	0.6474	  	 	 	0.6312	  	 	 	0.6147	  	 	 	0.5978	  	 	 	0.5807	  	 	 	0.5634	  	 	 	0.5458	  	 	 	0.5281	  
	 	 	25	  	 	 	0.7386	  	 	 	0.7248	  	 	 	0.7105	  	 	 	0.6958	  	 	 	0.6806	  	 	 	0.6651	  	 	 	0.6492	  	 	 	0.6329	  	 	 	0.6163	  	 	 	0.5995	  	 	 	0.5823	  	 	 	0.5650	  	 	 	0.5474	  	 	 	0.5297	  
	 	 	26	  	 	 	0.7406	  	 	 	0.7268	  	 	 	0.7125	  	 	 	0.6977	  	 	 	0.6825	  	 	 	0.6669	  	 	 	0.6510	  	 	 	0.6347	  	 	 	0.6181	  	 	 	0.6012	  	 	 	0.5841	  	 	 	0.5666	  	 	 	0.5490	  	 	 	0.5313	  
	 	 	27	  	 	 	0.7426	  	 	 	0.7288	  	 	 	0.7145	  	 	 	0.6997	  	 	 	0.6845	  	 	 	0.6689	  	 	 	0.6529	  	 	 	0.6366	  	 	 	0.6200	  	 	 	0.6031	  	 	 	0.5859	  	 	 	0.5684	  	 	 	0.5507	  	 	 	0.5329	  
	 	 	28	  	 	 	0.7448	  	 	 	0.7309	  	 	 	0.7166	  	 	 	0.7018	  	 	 	0.6866	  	 	 	0.6710	  	 	 	0.6550	  	 	 	0.6386	  	 	 	0.6220	  	 	 	0.6050	  	 	 	0.5878	  	 	 	0.5703	  	 	 	0.5526	  	 	 	0.5347	  
	 	 	29	  	 	 	0.7470	  	 	 	0.7332	  	 	 	0.7188	  	 	 	0.7040	  	 	 	0.6888	  	 	 	0.6731	  	 	 	0.6571	  	 	 	0.6407	  	 	 	0.6240	  	 	 	0.6071	  	 	 	0.5898	  	 	 	0.5722	  	 	 	0.5545	  	 	 	0.5366	  
	 	 	30	  	 	 	0.7494	  	 	 	0.7355	  	 	 	0.7212	  	 	 	0.7064	  	 	 	0.6911	  	 	 	0.6754	  	 	 	0.6594	  	 	 	0.6430	  	 	 	0.6262	  	 	 	0.6092	  	 	 	0.5919	  	 	 	0.5743	  	 	 	0.5565	  	 	 	0.5386	  
	 	 	31	  	 	 	0.7519	  	 	 	0.7380	  	 	 	0.7236	  	 	 	0.7088	  	 	 	0.6935	  	 	 	0.6778	  	 	 	0.6617	  	 	 	0.6453	  	 	 	0.6285	  	 	 	0.6115	  	 	 	0.5941	  	 	 	0.5765	  	 	 	0.5586	  	 	 	0.5407	  
	 	 	32	  	 	 	0.7545	  	 	 	0.7406	  	 	 	0.7262	  	 	 	0.7114	  	 	 	0.6961	  	 	 	0.6803	  	 	 	0.6642	  	 	 	0.6478	  	 	 	0.6310	  	 	 	0.6139	  	 	 	0.5965	  	 	 	0.5788	  	 	 	0.5609	  	 	 	0.5429	  
	 	 	33	  	 	 	0.7572	  	 	 	0.7433	  	 	 	0.7289	  	 	 	0.7141	  	 	 	0.6987	  	 	 	0.6830	  	 	 	0.6669	  	 	 	0.6504	  	 	 	0.6335	  	 	 	0.6164	  	 	 	0.5989	  	 	 	0.5812	  	 	 	0.5633	  	 	 	0.5452	  
	 	 	34	  	 	 	0.7601	  	 	 	0.7462	  	 	 	0.7318	  	 	 	0.7169	  	 	 	0.7015	  	 	 	0.6858	  	 	 	0.6696	  	 	 	0.6531	  	 	 	0.6362	  	 	 	0.6190	  	 	 	0.6015	  	 	 	0.5838	  	 	 	0.5658	  	 	 	0.5476	  
	 	 	35	  	 	 	0.7630	  	 	 	0.7492	  	 	 	0.7347	  	 	 	0.7198	  	 	 	0.7045	  	 	 	0.6887	  	 	 	0.6725	  	 	 	0.6559	  	 	 	0.6390	  	 	 	0.6218	  	 	 	0.6043	  	 	 	0.5864	  	 	 	0.5684	  	 	 	0.5502	  
	 	 	36	  	 	 	0.7662	  	 	 	0.7523	  	 	 	0.7379	  	 	 	0.7230	  	 	 	0.7076	  	 	 	0.6918	  	 	 	0.6755	  	 	 	0.6589	  	 	 	0.6420	  	 	 	0.6247	  	 	 	0.6071	  	 	 	0.5893	  	 	 	0.5712	  	 	 	0.5529	  
	 	 	37	  	 	 	0.7694	  	 	 	0.7555	  	 	 	0.7411	  	 	 	0.7262	  	 	 	0.7108	  	 	 	0.6950	  	 	 	0.6787	  	 	 	0.6621	  	 	 	0.6451	  	 	 	0.6278	  	 	 	0.6102	  	 	 	0.5923	  	 	 	0.5741	  	 	 	0.5558	  
	 	 	38	  	 	 	0.7728	  	 	 	0.7589	  	 	 	0.7445	  	 	 	0.7296	  	 	 	0.7142	  	 	 	0.6984	  	 	 	0.6821	  	 	 	0.6654	  	 	 	0.6484	  	 	 	0.6311	  	 	 	0.6134	  	 	 	0.5954	  	 	 	0.5772	  	 	 	0.5588	  
	 	 	39	  	 	 	0.7764	  	 	 	0.7625	  	 	 	0.7481	  	 	 	0.7332	  	 	 	0.7178	  	 	 	0.7019	  	 	 	0.6856	  	 	 	0.6689	  	 	 	0.6519	  	 	 	0.6345	  	 	 	0.6167	  	 	 	0.5987	  	 	 	0.5805	  	 	 	0.5620	  
	 	 	40	  	 	 	0.7801	  	 	 	0.7662	  	 	 	0.7518	  	 	 	0.7369	  	 	 	0.7215	  	 	 	0.7056	  	 	 	0.6893	  	 	 	0.6726	  	 	 	0.6555	  	 	 	0.6381	  	 	 	0.6203	  	 	 	0.6022	  	 	 	0.5839	  	 	 	0.5654	  
	 	 	41	  	 	 	0.7839	  	 	 	0.7701	  	 	 	0.7557	  	 	 	0.7408	  	 	 	0.7254	  	 	 	0.7095	  	 	 	0.6932	  	 	 	0.6764	  	 	 	0.6593	  	 	 	0.6418	  	 	 	0.6240	  	 	 	0.6059	  	 	 	0.5875	  	 	 	0.5689	  
	 	 	42	  	 	 	0.7879	  	 	 	0.7741	  	 	 	0.7598	  	 	 	0.7449	  	 	 	0.7294	  	 	 	0.7135	  	 	 	0.6972	  	 	 	0.6804	  	 	 	0.6633	  	 	 	0.6458	  	 	 	0.6279	  	 	 	0.6097	  	 	 	0.5913	  	 	 	0.5726	  
	 	 	43	  	 	 	0.7920	  	 	 	0.7783	  	 	 	0.7640	  	 	 	0.7491	  	 	 	0.7337	  	 	 	0.7178	  	 	 	0.7014	  	 	 	0.6847	  	 	 	0.6675	  	 	 	0.6499	  	 	 	0.6320	  	 	 	0.6138	  	 	 	0.5953	  	 	 	0.5765	  
	 	 	44	  	 	 	0.7963	  	 	 	0.7826	  	 	 	0.7684	  	 	 	0.7535	  	 	 	0.7381	  	 	 	0.7222	  	 	 	0.7059	  	 	 	0.6891	  	 	 	0.6719	  	 	 	0.6543	  	 	 	0.6363	  	 	 	0.6180	  	 	 	0.5994	  	 	 	0.5807	  
	 	 	45	  	 	 	0.8008	  	 	 	0.7871	  	 	 	0.7729	  	 	 	0.7581	  	 	 	0.7427	  	 	 	0.7268	  	 	 	0.7105	  	 	 	0.6937	  	 	 	0.6764	  	 	 	0.6588	  	 	 	0.6408	  	 	 	0.6225	  	 	 	0.6038	  	 	 	0.5850	  
	 	 	46	  	 	 	0.8054	  	 	 	0.7918	  	 	 	0.7776	  	 	 	0.7628	  	 	 	0.7475	  	 	 	0.7316	  	 	 	0.7153	  	 	 	0.6985	  	 	 	0.6812	  	 	 	0.6636	  	 	 	0.6455	  	 	 	0.6271	  	 	 	0.6084	  	 	 	0.5895	  
	 	 	47	  	 	 	0.8101	  	 	 	0.7966	  	 	 	0.7825	  	 	 	0.7678	  	 	 	0.7525	  	 	 	0.7366	  	 	 	0.7203	  	 	 	0.7035	  	 	 	0.6862	  	 	 	0.6685	  	 	 	0.6505	  	 	 	0.6320	  	 	 	0.6133	  	 	 	0.5943	  
	 	 	48	  	 	 	0.8150	  	 	 	0.8016	  	 	 	0.7875	  	 	 	0.7729	  	 	 	0.7576	  	 	 	0.7418	  	 	 	0.7255	  	 	 	0.7087	  	 	 	0.6914	  	 	 	0.6737	  	 	 	0.6556	  	 	 	0.6371	  	 	 	0.6183	  	 	 	0.5993	  
	 	 	49	  	 	 	0.8200	  	 	 	0.8067	  	 	 	0.7927	  	 	 	0.7781	  	 	 	0.7629	  	 	 	0.7472	  	 	 	0.7309	  	 	 	0.7141	  	 	 	0.6969	  	 	 	0.6792	  	 	 	0.6610	  	 	 	0.6425	  	 	 	0.6236	  	 	 	0.6045	  
	 	 	50	  	 	 	0.8251	  	 	 	0.8119	  	 	 	0.7981	  	 	 	0.7836	  	 	 	0.7685	  	 	 	0.7528	  	 	 	0.7365	  	 	 	0.7198	  	 	 	0.7025	  	 	 	0.6848	  	 	 	0.6666	  	 	 	0.6481	  	 	 	0.6292	  	 	 	0.6100	  
	 	 	51	  	 	 	0.8304	  	 	 	0.8173	  	 	 	0.8036	  	 	 	0.7892	  	 	 	0.7742	  	 	 	0.7585	  	 	 	0.7423	  	 	 	0.7256	  	 	 	0.7084	  	 	 	0.6907	  	 	 	0.6725	  	 	 	0.6539	  	 	 	0.6350	  	 	 	0.6157	  
	 	 	52	  	 	 	0.8358	  	 	 	0.8229	  	 	 	0.8093	  	 	 	0.7950	  	 	 	0.7801	  	 	 	0.7645	  	 	 	0.7484	  	 	 	0.7317	  	 	 	0.7145	  	 	 	0.6968	  	 	 	0.6786	  	 	 	0.6600	  	 	 	0.6410	  	 	 	0.6217	  

  
 107 

 APPENDICES 
  

 Table M-1 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option Without Pop-Up Factors 

Effective January 1, 2008 
  

																																																													
	 	 	 	 	 	Age of Pensioner	 
	 

 
	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	53	  	 	 	0.8413	  	 	 	0.8285	  	 	 	0.8151	  	 	 	0.8009	  	 	 	0.7861	  	 	 	0.7707	  	 	 	0.7546	  	 	 	0.7380	  	 	 	0.7209	  	 	 	0.7032	  	 	 	0.6850	  	 	 	0.6664	  	 	 	0.6474	  	 	 	0.6280	  
	 	 	54	  	 	 	0.8469	  	 	 	0.8343	  	 	 	0.8210	  	 	 	0.8070	  	 	 	0.7924	  	 	 	0.7770	  	 	 	0.7611	  	 	 	0.7446	  	 	 	0.7275	  	 	 	0.7099	  	 	 	0.6917	  	 	 	0.6731	  	 	 	0.6540	  	 	 	0.6346	  
	 	 	55	  	 	 	0.8525	  	 	 	0.8402	  	 	 	0.8271	  	 	 	0.8133	  	 	 	0.7988	  	 	 	0.7836	  	 	 	0.7678	  	 	 	0.7514	  	 	 	0.7343	  	 	 	0.7168	  	 	 	0.6986	  	 	 	0.6800	  	 	 	0.6610	  	 	 	0.6415	  
	 	 	56	  	 	 	0.8583	  	 	 	0.8462	  	 	 	0.8333	  	 	 	0.8197	  	 	 	0.8054	  	 	 	0.7903	  	 	 	0.7747	  	 	 	0.7584	  	 	 	0.7414	  	 	 	0.7239	  	 	 	0.7059	  	 	 	0.6873	  	 	 	0.6682	  	 	 	0.6488	  
	 	 	57	  	 	 	0.8641	  	 	 	0.8523	  	 	 	0.8396	  	 	 	0.8262	  	 	 	0.8121	  	 	 	0.7973	  	 	 	0.7817	  	 	 	0.7656	  	 	 	0.7488	  	 	 	0.7314	  	 	 	0.7134	  	 	 	0.6948	  	 	 	0.6758	  	 	 	0.6563	  
	 	 	58	  	 	 	0.8700	  	 	 	0.8584	  	 	 	0.8460	  	 	 	0.8329	  	 	 	0.8190	  	 	 	0.8043	  	 	 	0.7890	  	 	 	0.7730	  	 	 	0.7564	  	 	 	0.7391	  	 	 	0.7212	  	 	 	0.7027	  	 	 	0.6837	  	 	 	0.6642	  
	 	 	59	  	 	 	0.8759	  	 	 	0.8646	  	 	 	0.8525	  	 	 	0.8396	  	 	 	0.8260	  	 	 	0.8116	  	 	 	0.7965	  	 	 	0.7806	  	 	 	0.7642	  	 	 	0.7470	  	 	 	0.7292	  	 	 	0.7108	  	 	 	0.6919	  	 	 	0.6725	  
	 	 	60	  	 	 	0.8819	  	 	 	0.8708	  	 	 	0.8590	  	 	 	0.8464	  	 	 	0.8331	  	 	 	0.8189	  	 	 	0.8041	  	 	 	0.7885	  	 	 	0.7722	  	 	 	0.7552	  	 	 	0.7375	  	 	 	0.7193	  	 	 	0.7004	  	 	 	0.6810	  
	 	 	61	  	 	 	0.8878	  	 	 	0.8771	  	 	 	0.8656	  	 	 	0.8533	  	 	 	0.8402	  	 	 	0.8264	  	 	 	0.8118	  	 	 	0.7965	  	 	 	0.7804	  	 	 	0.7636	  	 	 	0.7461	  	 	 	0.7280	  	 	 	0.7092	  	 	 	0.6899	  
	 	 	62	  	 	 	0.8937	  	 	 	0.8833	  	 	 	0.8722	  	 	 	0.8602	  	 	 	0.8475	  	 	 	0.8340	  	 	 	0.8197	  	 	 	0.8046	  	 	 	0.7888	  	 	 	0.7722	  	 	 	0.7549	  	 	 	0.7369	  	 	 	0.7183	  	 	 	0.6991	  
	 	 	63	  	 	 	0.8995	  	 	 	0.8895	  	 	 	0.8788	  	 	 	0.8672	  	 	 	0.8548	  	 	 	0.8416	  	 	 	0.8276	  	 	 	0.8128	  	 	 	0.7973	  	 	 	0.7810	  	 	 	0.7639	  	 	 	0.7462	  	 	 	0.7277	  	 	 	0.7086	  
	 	 	64	  	 	 	0.9053	  	 	 	0.8957	  	 	 	0.8853	  	 	 	0.8741	  	 	 	0.8621	  	 	 	0.8492	  	 	 	0.8356	  	 	 	0.8212	  	 	 	0.8059	  	 	 	0.7899	  	 	 	0.7731	  	 	 	0.7556	  	 	 	0.7373	  	 	 	0.7184	  
	 	 	65	  	 	 	0.9110	  	 	 	0.9017	  	 	 	0.8917	  	 	 	0.8809	  	 	 	0.8693	  	 	 	0.8569	  	 	 	0.8436	  	 	 	0.8295	  	 	 	0.8147	  	 	 	0.7990	  	 	 	0.7825	  	 	 	0.7652	  	 	 	0.7472	  	 	 	0.7285	  
	 	 	66	  	 	 	0.9165	  	 	 	0.9077	  	 	 	0.8981	  	 	 	0.8877	  	 	 	0.8765	  	 	 	0.8645	  	 	 	0.8516	  	 	 	0.8380	  	 	 	0.8235	  	 	 	0.8081	  	 	 	0.7920	  	 	 	0.7750	  	 	 	0.7572	  	 	 	0.7387	  
	 	 	67	  	 	 	0.9219	  	 	 	0.9135	  	 	 	0.9044	  	 	 	0.8944	  	 	 	0.8836	  	 	 	0.8720	  	 	 	0.8596	  	 	 	0.8464	  	 	 	0.8323	  	 	 	0.8173	  	 	 	0.8015	  	 	 	0.7849	  	 	 	0.7674	  	 	 	0.7492	  
	 	 	68	  	 	 	0.9272	  	 	 	0.9192	  	 	 	0.9105	  	 	 	0.9009	  	 	 	0.8906	  	 	 	0.8795	  	 	 	0.8675	  	 	 	0.8547	  	 	 	0.8410	  	 	 	0.8265	  	 	 	0.8111	  	 	 	0.7948	  	 	 	0.7777	  	 	 	0.7598	  
	 	 	69	  	 	 	0.9322	  	 	 	0.9247	  	 	 	0.9164	  	 	 	0.9073	  	 	 	0.8975	  	 	 	0.8868	  	 	 	0.8753	  	 	 	0.8630	  	 	 	0.8498	  	 	 	0.8357	  	 	 	0.8207	  	 	 	0.8048	  	 	 	0.7881	  	 	 	0.7706	  
	 	 	70	  	 	 	0.9371	  	 	 	0.9300	  	 	 	0.9221	  	 	 	0.9135	  	 	 	0.9042	  	 	 	0.8940	  	 	 	0.8830	  	 	 	0.8711	  	 	 	0.8584	  	 	 	0.8448	  	 	 	0.8303	  	 	 	0.8148	  	 	 	0.7985	  	 	 	0.7814	  
	 	 	71	  	 	 	0.9418	  	 	 	0.9351	  	 	 	0.9277	  	 	 	0.9196	  	 	 	0.9107	  	 	 	0.9010	  	 	 	0.8905	  	 	 	0.8791	  	 	 	0.8669	  	 	 	0.8538	  	 	 	0.8398	  	 	 	0.8248	  	 	 	0.8090	  	 	 	0.7922	  
	 	 	72	  	 	 	0.9463	  	 	 	0.9400	  	 	 	0.9331	  	 	 	0.9254	  	 	 	0.9170	  	 	 	0.9078	  	 	 	0.8978	  	 	 	0.8870	  	 	 	0.8753	  	 	 	0.8627	  	 	 	0.8492	  	 	 	0.8347	  	 	 	0.8194	  	 	 	0.8031	  
	 	 	73	  	 	 	0.9506	  	 	 	0.9447	  	 	 	0.9382	  	 	 	0.9310	  	 	 	0.9230	  	 	 	0.9143	  	 	 	0.9049	  	 	 	0.8946	  	 	 	0.8834	  	 	 	0.8714	  	 	 	0.8585	  	 	 	0.8445	  	 	 	0.8297	  	 	 	0.8139	  
	 	 	74	  	 	 	0.9546	  	 	 	0.9491	  	 	 	0.9431	  	 	 	0.9363	  	 	 	0.9289	  	 	 	0.9207	  	 	 	0.9117	  	 	 	0.9020	  	 	 	0.8914	  	 	 	0.8799	  	 	 	0.8675	  	 	 	0.8542	  	 	 	0.8399	  	 	 	0.8247	  
	 	 	75	  	 	 	0.9584	  	 	 	0.9534	  	 	 	0.9477	  	 	 	0.9414	  	 	 	0.9344	  	 	 	0.9268	  	 	 	0.9183	  	 	 	0.9091	  	 	 	0.8991	  	 	 	0.8882	  	 	 	0.8764	  	 	 	0.8636	  	 	 	0.8499	  	 	 	0.8352	  
	 	 	76	  	 	 	0.9620	  	 	 	0.9573	  	 	 	0.9521	  	 	 	0.9462	  	 	 	0.9397	  	 	 	0.9325	  	 	 	0.9246	  	 	 	0.9160	  	 	 	0.9065	  	 	 	0.8962	  	 	 	0.8850	  	 	 	0.8728	  	 	 	0.8597	  	 	 	0.8456	  
	 	 	77	  	 	 	0.9654	  	 	 	0.9611	  	 	 	0.9562	  	 	 	0.9508	  	 	 	0.9447	  	 	 	0.9380	  	 	 	0.9306	  	 	 	0.9225	  	 	 	0.9136	  	 	 	0.9039	  	 	 	0.8933	  	 	 	0.8817	  	 	 	0.8692	  	 	 	0.8558	  
	 	 	78	  	 	 	0.9685	  	 	 	0.9645	  	 	 	0.9600	  	 	 	0.9550	  	 	 	0.9494	  	 	 	0.9432	  	 	 	0.9363	  	 	 	0.9287	  	 	 	0.9204	  	 	 	0.9112	  	 	 	0.9012	  	 	 	0.8903	  	 	 	0.8784	  	 	 	0.8656	  
	 	 	79	  	 	 	0.9714	  	 	 	0.9677	  	 	 	0.9636	  	 	 	0.9590	  	 	 	0.9538	  	 	 	0.9481	  	 	 	0.9417	  	 	 	0.9346	  	 	 	0.9268	  	 	 	0.9182	  	 	 	0.9088	  	 	 	0.8985	  	 	 	0.8872	  	 	 	0.8750	  
	 	 	80	  	 	 	0.9741	  	 	 	0.9707	  	 	 	0.9670	  	 	 	0.9627	  	 	 	0.9579	  	 	 	0.9526	  	 	 	0.9467	  	 	 	0.9401	  	 	 	0.9329	  	 	 	0.9248	  	 	 	0.9160	  	 	 	0.9063	  	 	 	0.8957	  	 	 	0.8842	  
	 	 	81	  	 	 	0.9765	  	 	 	0.9735	  	 	 	0.9700	  	 	 	0.9661	  	 	 	0.9617	  	 	 	0.9568	  	 	 	0.9514	  	 	 	0.9453	  	 	 	0.9386	  	 	 	0.9311	  	 	 	0.9228	  	 	 	0.9138	  	 	 	0.9038	  	 	 	0.8929	  
	 	 	82	  	 	 	0.9788	  	 	 	0.9760	  	 	 	0.9729	  	 	 	0.9693	  	 	 	0.9653	  	 	 	0.9608	  	 	 	0.9557	  	 	 	0.9501	  	 	 	0.9439	  	 	 	0.9370	  	 	 	0.9293	  	 	 	0.9208	  	 	 	0.9114	  	 	 	0.9012	  
	 	 	83	  	 	 	0.9809	  	 	 	0.9784	  	 	 	0.9755	  	 	 	0.9723	  	 	 	0.9686	  	 	 	0.9644	  	 	 	0.9598	  	 	 	0.9547	  	 	 	0.9489	  	 	 	0.9425	  	 	 	0.9354	  	 	 	0.9275	  	 	 	0.9187	  	 	 	0.9091	  
	 	 	84	  	 	 	0.9828	  	 	 	0.9805	  	 	 	0.9779	  	 	 	0.9750	  	 	 	0.9716	  	 	 	0.9678	  	 	 	0.9636	  	 	 	0.9589	  	 	 	0.9536	  	 	 	0.9477	  	 	 	0.9411	  	 	 	0.9337	  	 	 	0.9256	  	 	 	0.9166	  
	 	 	85	  	 	 	0.9846	  	 	 	0.9825	  	 	 	0.9802	  	 	 	0.9775	  	 	 	0.9744	  	 	 	0.9710	  	 	 	0.9671	  	 	 	0.9628	  	 	 	0.9579	  	 	 	0.9525	  	 	 	0.9464	  	 	 	0.9396	  	 	 	0.9321	  	 	 	0.9237	  

  
 108 

 APPENDICES 

Table M-2 
 O&R
Participants 
 Joint and 75% Survivor Option With Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	  	 	 	  	Age of Pensioner	 
	 

 
	  	 	 	  	30	 	  	31	 	  	32	 	  	33	 	  	34	 	  	35	 	  	36	 	  	37	 	  	38	 	  	39	 	  	40	 	  	41	 	  	42	 	  	43	 	  	44	 	  	45	 
	  	 	20	  	  	 	0.9617	  	  	 	0.9588	  	  	 	0.9557	  	  	 	0.9524	  	  	 	0.9489	  	  	 	0.9452	  	  	 	0.9412	  	  	 	0.9370	  	  	 	0.9326	  	  	 	0.9279	  	  	 	0.9229	  	  	 	0.9176	  	  	 	0.9121	  	  	 	0.9063	  	  	 	0.9002	  	  	 	0.8937	  
	  	 	21	  	  	 	0.9627	  	  	 	0.9598	  	  	 	0.9568	  	  	 	0.9535	  	  	 	0.9500	  	  	 	0.9463	  	  	 	0.9424	  	  	 	0.9382	  	  	 	0.9338	  	  	 	0.9291	  	  	 	0.9242	  	  	 	0.9190	  	  	 	0.9134	  	  	 	0.9076	  	  	 	0.9016	  	  	 	0.8952	  
	  	 	22	  	  	 	0.9637	  	  	 	0.9609	  	  	 	0.9578	  	  	 	0.9546	  	  	 	0.9512	  	  	 	0.9475	  	  	 	0.9436	  	  	 	0.9395	  	  	 	0.9351	  	  	 	0.9305	  	  	 	0.9255	  	  	 	0.9203	  	  	 	0.9149	  	  	 	0.9091	  	  	 	0.9030	  	  	 	0.8966	  
	  	 	23	  	  	 	0.9647	  	  	 	0.9619	  	  	 	0.9589	  	  	 	0.9557	  	  	 	0.9523	  	  	 	0.9487	  	  	 	0.9449	  	  	 	0.9408	  	  	 	0.9364	  	  	 	0.9318	  	  	 	0.9269	  	  	 	0.9218	  	  	 	0.9163	  	  	 	0.9105	  	  	 	0.9045	  	  	 	0.8981	  
	  	 	24	  	  	 	0.9657	  	  	 	0.9630	  	  	 	0.9600	  	  	 	0.9569	  	  	 	0.9535	  	  	 	0.9499	  	  	 	0.9461	  	  	 	0.9421	  	  	 	0.9378	  	  	 	0.9332	  	  	 	0.9283	  	  	 	0.9232	  	  	 	0.9178	  	  	 	0.9121	  	  	 	0.9060	  	  	 	0.8997	  
	  	 	25	  	  	 	0.9667	  	  	 	0.9640	  	  	 	0.9611	  	  	 	0.9580	  	  	 	0.9547	  	  	 	0.9512	  	  	 	0.9474	  	  	 	0.9434	  	  	 	0.9392	  	  	 	0.9346	  	  	 	0.9298	  	  	 	0.9247	  	  	 	0.9193	  	  	 	0.9136	  	  	 	0.9076	  	  	 	0.9014	  
	  	 	26	  	  	 	0.9677	  	  	 	0.9651	  	  	 	0.9622	  	  	 	0.9592	  	  	 	0.9559	  	  	 	0.9525	  	  	 	0.9487	  	  	 	0.9448	  	  	 	0.9406	  	  	 	0.9361	  	  	 	0.9313	  	  	 	0.9262	  	  	 	0.9209	  	  	 	0.9153	  	  	 	0.9093	  	  	 	0.9030	  
	  	 	27	  	  	 	0.9687	  	  	 	0.9662	  	  	 	0.9634	  	  	 	0.9604	  	  	 	0.9572	  	  	 	0.9537	  	  	 	0.9501	  	  	 	0.9462	  	  	 	0.9420	  	  	 	0.9376	  	  	 	0.9328	  	  	 	0.9278	  	  	 	0.9225	  	  	 	0.9169	  	  	 	0.9110	  	  	 	0.9048	  
	  	 	28	  	  	 	0.9698	  	  	 	0.9672	  	  	 	0.9645	  	  	 	0.9616	  	  	 	0.9584	  	  	 	0.9550	  	  	 	0.9514	  	  	 	0.9476	  	  	 	0.9435	  	  	 	0.9391	  	  	 	0.9344	  	  	 	0.9294	  	  	 	0.9242	  	  	 	0.9186	  	  	 	0.9127	  	  	 	0.9066	  
	  	 	29	  	  	 	0.9708	  	  	 	0.9683	  	  	 	0.9656	  	  	 	0.9627	  	  	 	0.9597	  	  	 	0.9563	  	  	 	0.9528	  	  	 	0.9490	  	  	 	0.9449	  	  	 	0.9406	  	  	 	0.9360	  	  	 	0.9311	  	  	 	0.9259	  	  	 	0.9204	  	  	 	0.9145	  	  	 	0.9084	  
	  	 	30	  	  	 	0.9718	  	  	 	0.9694	  	  	 	0.9667	  	  	 	0.9639	  	  	 	0.9609	  	  	 	0.9577	  	  	 	0.9542	  	  	 	0.9504	  	  	 	0.9464	  	  	 	0.9422	  	  	 	0.9376	  	  	 	0.9328	  	  	 	0.9276	  	  	 	0.9221	  	  	 	0.9164	  	  	 	0.9103	  
	  	 	31	  	  	 	0.9728	  	  	 	0.9704	  	  	 	0.9679	  	  	 	0.9651	  	  	 	0.9622	  	  	 	0.9590	  	  	 	0.9556	  	  	 	0.9519	  	  	 	0.9480	  	  	 	0.9437	  	  	 	0.9392	  	  	 	0.9345	  	  	 	0.9294	  	  	 	0.9240	  	  	 	0.9182	  	  	 	0.9122	  
	  	 	32	  	  	 	0.9738	  	  	 	0.9715	  	  	 	0.9690	  	  	 	0.9663	  	  	 	0.9634	  	  	 	0.9603	  	  	 	0.9569	  	  	 	0.9533	  	  	 	0.9495	  	  	 	0.9453	  	  	 	0.9409	  	  	 	0.9362	  	  	 	0.9311	  	  	 	0.9258	  	  	 	0.9201	  	  	 	0.9142	  
	  	 	33	  	  	 	0.9747	  	  	 	0.9725	  	  	 	0.9701	  	  	 	0.9675	  	  	 	0.9646	  	  	 	0.9616	  	  	 	0.9583	  	  	 	0.9548	  	  	 	0.9510	  	  	 	0.9469	  	  	 	0.9426	  	  	 	0.9379	  	  	 	0.9330	  	  	 	0.9277	  	  	 	0.9221	  	  	 	0.9162	  
	  	 	34	  	  	 	0.9757	  	  	 	0.9735	  	  	 	0.9712	  	  	 	0.9686	  	  	 	0.9659	  	  	 	0.9629	  	  	 	0.9597	  	  	 	0.9563	  	  	 	0.9525	  	  	 	0.9486	  	  	 	0.9443	  	  	 	0.9397	  	  	 	0.9348	  	  	 	0.9296	  	  	 	0.9241	  	  	 	0.9182	  
	  	 	35	  	  	 	0.9766	  	  	 	0.9745	  	  	 	0.9722	  	  	 	0.9698	  	  	 	0.9671	  	  	 	0.9642	  	  	 	0.9611	  	  	 	0.9577	  	  	 	0.9541	  	  	 	0.9502	  	  	 	0.9460	  	  	 	0.9415	  	  	 	0.9367	  	  	 	0.9315	  	  	 	0.9261	  	  	 	0.9203	  
	  	 	36	  	  	 	0.9775	  	  	 	0.9755	  	  	 	0.9733	  	  	 	0.9709	  	  	 	0.9683	  	  	 	0.9655	  	  	 	0.9625	  	  	 	0.9592	  	  	 	0.9556	  	  	 	0.9518	  	  	 	0.9477	  	  	 	0.9433	  	  	 	0.9385	  	  	 	0.9335	  	  	 	0.9281	  	  	 	0.9224	  
	  	 	37	  	  	 	0.9784	  	  	 	0.9765	  	  	 	0.9743	  	  	 	0.9720	  	  	 	0.9695	  	  	 	0.9668	  	  	 	0.9638	  	  	 	0.9606	  	  	 	0.9571	  	  	 	0.9534	  	  	 	0.9494	  	  	 	0.9450	  	  	 	0.9404	  	  	 	0.9355	  	  	 	0.9302	  	  	 	0.9246	  
	  	 	38	  	  	 	0.9793	  	  	 	0.9774	  	  	 	0.9754	  	  	 	0.9731	  	  	 	0.9707	  	  	 	0.9680	  	  	 	0.9652	  	  	 	0.9620	  	  	 	0.9587	  	  	 	0.9550	  	  	 	0.9511	  	  	 	0.9468	  	  	 	0.9423	  	  	 	0.9374	  	  	 	0.9322	  	  	 	0.9267	  
	  	 	39	  	  	 	0.9802	  	  	 	0.9784	  	  	 	0.9764	  	  	 	0.9742	  	  	 	0.9718	  	  	 	0.9693	  	  	 	0.9665	  	  	 	0.9635	  	  	 	0.9602	  	  	 	0.9566	  	  	 	0.9528	  	  	 	0.9486	  	  	 	0.9442	  	  	 	0.9394	  	  	 	0.9343	  	  	 	0.9289	  
	  	 	40	  	  	 	0.9810	  	  	 	0.9793	  	  	 	0.9773	  	  	 	0.9753	  	  	 	0.9730	  	  	 	0.9705	  	  	 	0.9678	  	  	 	0.9649	  	  	 	0.9617	  	  	 	0.9582	  	  	 	0.9545	  	  	 	0.9504	  	  	 	0.9461	  	  	 	0.9414	  	  	 	0.9364	  	  	 	0.9311	  
	  	 	41	  	  	 	0.9818	  	  	 	0.9801	  	  	 	0.9783	  	  	 	0.9763	  	  	 	0.9741	  	  	 	0.9717	  	  	 	0.9691	  	  	 	0.9662	  	  	 	0.9631	  	  	 	0.9598	  	  	 	0.9561	  	  	 	0.9522	  	  	 	0.9480	  	  	 	0.9434	  	  	 	0.9385	  	  	 	0.9333	  
	  	 	42	  	  	 	0.9826	  	  	 	0.9810	  	  	 	0.9792	  	  	 	0.9773	  	  	 	0.9752	  	  	 	0.9729	  	  	 	0.9703	  	  	 	0.9676	  	  	 	0.9646	  	  	 	0.9613	  	  	 	0.9578	  	  	 	0.9540	  	  	 	0.9498	  	  	 	0.9454	  	  	 	0.9406	  	  	 	0.9355	  
	  	 	43	  	  	 	0.9834	  	  	 	0.9818	  	  	 	0.9801	  	  	 	0.9783	  	  	 	0.9762	  	  	 	0.9740	  	  	 	0.9716	  	  	 	0.9689	  	  	 	0.9660	  	  	 	0.9628	  	  	 	0.9594	  	  	 	0.9557	  	  	 	0.9517	  	  	 	0.9473	  	  	 	0.9427	  	  	 	0.9377	  
	  	 	44	  	  	 	0.9841	  	  	 	0.9826	  	  	 	0.9810	  	  	 	0.9792	  	  	 	0.9772	  	  	 	0.9751	  	  	 	0.9728	  	  	 	0.9702	  	  	 	0.9674	  	  	 	0.9643	  	  	 	0.9610	  	  	 	0.9574	  	  	 	0.9535	  	  	 	0.9493	  	  	 	0.9447	  	  	 	0.9399	  
	  	 	45	  	  	 	0.9848	  	  	 	0.9834	  	  	 	0.9818	  	  	 	0.9801	  	  	 	0.9782	  	  	 	0.9762	  	  	 	0.9739	  	  	 	0.9715	  	  	 	0.9688	  	  	 	0.9658	  	  	 	0.9626	  	  	 	0.9591	  	  	 	0.9553	  	  	 	0.9512	  	  	 	0.9468	  	  	 	0.9420	  
	  	 	46	  	  	 	0.9855	  	  	 	0.9841	  	  	 	0.9826	  	  	 	0.9810	  	  	 	0.9792	  	  	 	0.9772	  	  	 	0.9751	  	  	 	0.9727	  	  	 	0.9701	  	  	 	0.9672	  	  	 	0.9641	  	  	 	0.9608	  	  	 	0.9571	  	  	 	0.9531	  	  	 	0.9488	  	  	 	0.9442	  
	  	 	47	  	  	 	0.9861	  	  	 	0.9848	  	  	 	0.9834	  	  	 	0.9819	  	  	 	0.9801	  	  	 	0.9783	  	  	 	0.9762	  	  	 	0.9739	  	  	 	0.9714	  	  	 	0.9686	  	  	 	0.9656	  	  	 	0.9624	  	  	 	0.9588	  	  	 	0.9550	  	  	 	0.9508	  	  	 	0.9463	  
	  	 	48	  	  	 	0.9868	  	  	 	0.9855	  	  	 	0.9842	  	  	 	0.9827	  	  	 	0.9810	  	  	 	0.9792	  	  	 	0.9773	  	  	 	0.9751	  	  	 	0.9727	  	  	 	0.9700	  	  	 	0.9671	  	  	 	0.9640	  	  	 	0.9605	  	  	 	0.9568	  	  	 	0.9528	  	  	 	0.9484	  
	  	 	49	  	  	 	0.9874	  	  	 	0.9862	  	  	 	0.9849	  	  	 	0.9835	  	  	 	0.9819	  	  	 	0.9802	  	  	 	0.9783	  	  	 	0.9762	  	  	 	0.9739	  	  	 	0.9713	  	  	 	0.9686	  	  	 	0.9655	  	  	 	0.9622	  	  	 	0.9586	  	  	 	0.9547	  	  	 	0.9505	  
	  	 	50	  	  	 	0.9880	  	  	 	0.9869	  	  	 	0.9856	  	  	 	0.9843	  	  	 	0.9828	  	  	 	0.9811	  	  	 	0.9793	  	  	 	0.9773	  	  	 	0.9751	  	  	 	0.9726	  	  	 	0.9700	  	  	 	0.9670	  	  	 	0.9639	  	  	 	0.9604	  	  	 	0.9566	  	  	 	0.9525	  
	  	 	51	  	  	 	0.9885	  	  	 	0.9875	  	  	 	0.9863	  	  	 	0.9850	  	  	 	0.9836	  	  	 	0.9820	  	  	 	0.9803	  	  	 	0.9783	  	  	 	0.9762	  	  	 	0.9739	  	  	 	0.9713	  	  	 	0.9685	  	  	 	0.9655	  	  	 	0.9621	  	  	 	0.9585	  	  	 	0.9545	  
	  	 	52	  	  	 	0.9891	  	  	 	0.9881	  	  	 	0.9869	  	  	 	0.9857	  	  	 	0.9843	  	  	 	0.9828	  	  	 	0.9812	  	  	 	0.9794	  	  	 	0.9773	  	  	 	0.9751	  	  	 	0.9726	  	  	 	0.9699	  	  	 	0.9670	  	  	 	0.9638	  	  	 	0.9603	  	  	 	0.9565	  

  
 109 

 APPENDICES 
  

 Table M-2 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option With Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	 

 
	 	 	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 	 	42	 	 	43	 	 	44	 	 	45	 
	 	 	53	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9713	  	 	 	0.9685	  	 	 	0.9654	  	 	 	0.9621	  	 	 	0.9584	  
	 	 	54	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9670	  	 	 	0.9638	  	 	 	0.9603	  
	 	 	55	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9740	  	 	 	0.9714	  	 	 	0.9685	  	 	 	0.9654	  	 	 	0.9621	  
	 	 	56	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9795	  	 	 	0.9775	  	 	 	0.9752	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9638	  
	 	 	57	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9715	  	 	 	0.9686	  	 	 	0.9655	  
	 	 	58	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9776	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9701	  	 	 	0.9672	  
	 	 	59	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9688	  
	 	 	60	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9703	  
	 	 	61	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9767	  	 	 	0.9743	  	 	 	0.9718	  
	 	 	62	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9756	  	 	 	0.9732	  
	 	 	63	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9746	  
	 	 	64	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9801	  	 	 	0.9781	  	 	 	0.9759	  
	 	 	65	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9771	  
	 	 	66	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  
	 	 	67	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9794	  
	 	 	68	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9823	  	 	 	0.9805	  
	 	 	69	  	 	 	0.9954	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9816	  
	 	 	70	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  
	 	 	71	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  
	 	 	72	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9844	  
	 	 	73	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9853	  
	 	 	74	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9861	  
	 	 	75	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  
	 	 	76	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  
	 	 	77	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  
	 	 	78	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  
	 	 	79	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  
	 	 	80	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9902	  
	 	 	81	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  
	 	 	82	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  
	 	 	83	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9926	  	 	 	0.9918	  
	 	 	84	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  
	 	 	85	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  

  
 110 

 APPENDICES 
  

 Table M-2 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option With Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	

 	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	20	  	 	 	0.8870	  	 	 	0.8800	  	 	 	0.8727	  	 	 	0.8650	  	 	 	0.8571	  	 	 	0.8488	  	 	 	0.8401	  	 	 	0.8310	  	 	 	0.8216	  	 	 	0.8117	  	 	 	0.8014	  	 	 	0.7906	  	 	 	0.7793	  	 	 	0.7676	  	 	 	0.7553	  	 	 	0.7426	  
	 	 	21	  	 	 	0.8885	  	 	 	0.8815	  	 	 	0.8741	  	 	 	0.8665	  	 	 	0.8586	  	 	 	0.8503	  	 	 	0.8416	  	 	 	0.8325	  	 	 	0.8231	  	 	 	0.8132	  	 	 	0.8029	  	 	 	0.7921	  	 	 	0.7808	  	 	 	0.7691	  	 	 	0.7568	  	 	 	0.7441	  
	 	 	22	  	 	 	0.8899	  	 	 	0.8830	  	 	 	0.8757	  	 	 	0.8681	  	 	 	0.8601	  	 	 	0.8518	  	 	 	0.8432	  	 	 	0.8341	  	 	 	0.8247	  	 	 	0.8148	  	 	 	0.8045	  	 	 	0.7937	  	 	 	0.7824	  	 	 	0.7706	  	 	 	0.7584	  	 	 	0.7456	  
	 	 	23	  	 	 	0.8915	  	 	 	0.8845	  	 	 	0.8773	  	 	 	0.8697	  	 	 	0.8617	  	 	 	0.8534	  	 	 	0.8448	  	 	 	0.8358	  	 	 	0.8263	  	 	 	0.8164	  	 	 	0.8061	  	 	 	0.7953	  	 	 	0.7841	  	 	 	0.7723	  	 	 	0.7600	  	 	 	0.7473	  
	 	 	24	  	 	 	0.8931	  	 	 	0.8861	  	 	 	0.8789	  	 	 	0.8713	  	 	 	0.8634	  	 	 	0.8551	  	 	 	0.8465	  	 	 	0.8375	  	 	 	0.8280	  	 	 	0.8182	  	 	 	0.8078	  	 	 	0.7971	  	 	 	0.7858	  	 	 	0.7740	  	 	 	0.7617	  	 	 	0.7490	  
	 	 	25	  	 	 	0.8947	  	 	 	0.8878	  	 	 	0.8806	  	 	 	0.8730	  	 	 	0.8651	  	 	 	0.8569	  	 	 	0.8483	  	 	 	0.8392	  	 	 	0.8298	  	 	 	0.8200	  	 	 	0.8097	  	 	 	0.7989	  	 	 	0.7876	  	 	 	0.7758	  	 	 	0.7635	  	 	 	0.7508	  
	 	 	26	  	 	 	0.8965	  	 	 	0.8896	  	 	 	0.8824	  	 	 	0.8748	  	 	 	0.8669	  	 	 	0.8587	  	 	 	0.8501	  	 	 	0.8411	  	 	 	0.8317	  	 	 	0.8218	  	 	 	0.8115	  	 	 	0.8008	  	 	 	0.7895	  	 	 	0.7777	  	 	 	0.7654	  	 	 	0.7526	  
	 	 	27	  	 	 	0.8982	  	 	 	0.8914	  	 	 	0.8842	  	 	 	0.8767	  	 	 	0.8688	  	 	 	0.8606	  	 	 	0.8520	  	 	 	0.8430	  	 	 	0.8336	  	 	 	0.8238	  	 	 	0.8135	  	 	 	0.8027	  	 	 	0.7915	  	 	 	0.7797	  	 	 	0.7674	  	 	 	0.7546	  
	 	 	28	  	 	 	0.9000	  	 	 	0.8932	  	 	 	0.8861	  	 	 	0.8786	  	 	 	0.8708	  	 	 	0.8626	  	 	 	0.8540	  	 	 	0.8450	  	 	 	0.8357	  	 	 	0.8258	  	 	 	0.8156	  	 	 	0.8048	  	 	 	0.7935	  	 	 	0.7818	  	 	 	0.7695	  	 	 	0.7567	  
	 	 	29	  	 	 	0.9019	  	 	 	0.8951	  	 	 	0.8880	  	 	 	0.8806	  	 	 	0.8728	  	 	 	0.8646	  	 	 	0.8561	  	 	 	0.8471	  	 	 	0.8378	  	 	 	0.8280	  	 	 	0.8177	  	 	 	0.8069	  	 	 	0.7957	  	 	 	0.7839	  	 	 	0.7716	  	 	 	0.7588	  
	 	 	30	  	 	 	0.9038	  	 	 	0.8971	  	 	 	0.8900	  	 	 	0.8826	  	 	 	0.8749	  	 	 	0.8667	  	 	 	0.8582	  	 	 	0.8493	  	 	 	0.8400	  	 	 	0.8302	  	 	 	0.8199	  	 	 	0.8092	  	 	 	0.7979	  	 	 	0.7862	  	 	 	0.7739	  	 	 	0.7611	  
	 	 	31	  	 	 	0.9058	  	 	 	0.8991	  	 	 	0.8921	  	 	 	0.8847	  	 	 	0.8770	  	 	 	0.8689	  	 	 	0.8604	  	 	 	0.8515	  	 	 	0.8422	  	 	 	0.8325	  	 	 	0.8222	  	 	 	0.8115	  	 	 	0.8003	  	 	 	0.7885	  	 	 	0.7762	  	 	 	0.7634	  
	 	 	32	  	 	 	0.9079	  	 	 	0.9012	  	 	 	0.8942	  	 	 	0.8869	  	 	 	0.8792	  	 	 	0.8712	  	 	 	0.8627	  	 	 	0.8539	  	 	 	0.8446	  	 	 	0.8348	  	 	 	0.8246	  	 	 	0.8139	  	 	 	0.8027	  	 	 	0.7909	  	 	 	0.7787	  	 	 	0.7659	  
	 	 	33	  	 	 	0.9099	  	 	 	0.9033	  	 	 	0.8964	  	 	 	0.8891	  	 	 	0.8815	  	 	 	0.8735	  	 	 	0.8651	  	 	 	0.8563	  	 	 	0.8470	  	 	 	0.8373	  	 	 	0.8271	  	 	 	0.8164	  	 	 	0.8052	  	 	 	0.7935	  	 	 	0.7812	  	 	 	0.7684	  
	 	 	34	  	 	 	0.9120	  	 	 	0.9055	  	 	 	0.8987	  	 	 	0.8914	  	 	 	0.8839	  	 	 	0.8759	  	 	 	0.8675	  	 	 	0.8588	  	 	 	0.8495	  	 	 	0.8399	  	 	 	0.8297	  	 	 	0.8190	  	 	 	0.8079	  	 	 	0.7961	  	 	 	0.7839	  	 	 	0.7711	  
	 	 	35	  	 	 	0.9142	  	 	 	0.9077	  	 	 	0.9009	  	 	 	0.8938	  	 	 	0.8863	  	 	 	0.8784	  	 	 	0.8701	  	 	 	0.8613	  	 	 	0.8521	  	 	 	0.8425	  	 	 	0.8324	  	 	 	0.8217	  	 	 	0.8106	  	 	 	0.7989	  	 	 	0.7866	  	 	 	0.7739	  
	 	 	36	  	 	 	0.9164	  	 	 	0.9100	  	 	 	0.9033	  	 	 	0.8962	  	 	 	0.8887	  	 	 	0.8809	  	 	 	0.8726	  	 	 	0.8640	  	 	 	0.8548	  	 	 	0.8452	  	 	 	0.8351	  	 	 	0.8245	  	 	 	0.8134	  	 	 	0.8017	  	 	 	0.7895	  	 	 	0.7768	  
	 	 	37	  	 	 	0.9186	  	 	 	0.9123	  	 	 	0.9057	  	 	 	0.8986	  	 	 	0.8913	  	 	 	0.8835	  	 	 	0.8753	  	 	 	0.8667	  	 	 	0.8576	  	 	 	0.8481	  	 	 	0.8380	  	 	 	0.8274	  	 	 	0.8164	  	 	 	0.8047	  	 	 	0.7925	  	 	 	0.7798	  
	 	 	38	  	 	 	0.9209	  	 	 	0.9146	  	 	 	0.9081	  	 	 	0.9011	  	 	 	0.8938	  	 	 	0.8861	  	 	 	0.8780	  	 	 	0.8695	  	 	 	0.8604	  	 	 	0.8510	  	 	 	0.8410	  	 	 	0.8304	  	 	 	0.8194	  	 	 	0.8078	  	 	 	0.7956	  	 	 	0.7829	  
	 	 	39	  	 	 	0.9231	  	 	 	0.9170	  	 	 	0.9105	  	 	 	0.9037	  	 	 	0.8965	  	 	 	0.8888	  	 	 	0.8808	  	 	 	0.8723	  	 	 	0.8634	  	 	 	0.8539	  	 	 	0.8440	  	 	 	0.8335	  	 	 	0.8225	  	 	 	0.8110	  	 	 	0.7988	  	 	 	0.7861	  
	 	 	40	  	 	 	0.9254	  	 	 	0.9194	  	 	 	0.9130	  	 	 	0.9063	  	 	 	0.8991	  	 	 	0.8916	  	 	 	0.8836	  	 	 	0.8752	  	 	 	0.8664	  	 	 	0.8570	  	 	 	0.8471	  	 	 	0.8367	  	 	 	0.8258	  	 	 	0.8142	  	 	 	0.8021	  	 	 	0.7895	  
	 	 	41	  	 	 	0.9277	  	 	 	0.9218	  	 	 	0.9155	  	 	 	0.9089	  	 	 	0.9018	  	 	 	0.8944	  	 	 	0.8865	  	 	 	0.8782	  	 	 	0.8694	  	 	 	0.8602	  	 	 	0.8503	  	 	 	0.8400	  	 	 	0.8291	  	 	 	0.8176	  	 	 	0.8056	  	 	 	0.7929	  
	 	 	42	  	 	 	0.9300	  	 	 	0.9242	  	 	 	0.9181	  	 	 	0.9115	  	 	 	0.9046	  	 	 	0.8973	  	 	 	0.8895	  	 	 	0.8813	  	 	 	0.8726	  	 	 	0.8634	  	 	 	0.8536	  	 	 	0.8434	  	 	 	0.8325	  	 	 	0.8211	  	 	 	0.8091	  	 	 	0.7965	  
	 	 	43	  	 	 	0.9323	  	 	 	0.9267	  	 	 	0.9206	  	 	 	0.9142	  	 	 	0.9074	  	 	 	0.9001	  	 	 	0.8925	  	 	 	0.8844	  	 	 	0.8758	  	 	 	0.8667	  	 	 	0.8570	  	 	 	0.8468	  	 	 	0.8361	  	 	 	0.8247	  	 	 	0.8128	  	 	 	0.8002	  
	 	 	44	  	 	 	0.9347	  	 	 	0.9291	  	 	 	0.9232	  	 	 	0.9169	  	 	 	0.9102	  	 	 	0.9031	  	 	 	0.8955	  	 	 	0.8875	  	 	 	0.8790	  	 	 	0.8700	  	 	 	0.8605	  	 	 	0.8504	  	 	 	0.8397	  	 	 	0.8284	  	 	 	0.8165	  	 	 	0.8041	  
	 	 	45	  	 	 	0.9370	  	 	 	0.9315	  	 	 	0.9257	  	 	 	0.9195	  	 	 	0.9130	  	 	 	0.9060	  	 	 	0.8986	  	 	 	0.8907	  	 	 	0.8823	  	 	 	0.8734	  	 	 	0.8640	  	 	 	0.8540	  	 	 	0.8434	  	 	 	0.8322	  	 	 	0.8204	  	 	 	0.8080	  
	 	 	46	  	 	 	0.9392	  	 	 	0.9339	  	 	 	0.9283	  	 	 	0.9222	  	 	 	0.9158	  	 	 	0.9089	  	 	 	0.9017	  	 	 	0.8939	  	 	 	0.8856	  	 	 	0.8769	  	 	 	0.8675	  	 	 	0.8577	  	 	 	0.8472	  	 	 	0.8361	  	 	 	0.8244	  	 	 	0.8120	  
	 	 	47	  	 	 	0.9415	  	 	 	0.9363	  	 	 	0.9308	  	 	 	0.9249	  	 	 	0.9186	  	 	 	0.9119	  	 	 	0.9048	  	 	 	0.8971	  	 	 	0.8890	  	 	 	0.8804	  	 	 	0.8712	  	 	 	0.8614	  	 	 	0.8510	  	 	 	0.8400	  	 	 	0.8284	  	 	 	0.8162	  
	 	 	48	  	 	 	0.9438	  	 	 	0.9387	  	 	 	0.9333	  	 	 	0.9276	  	 	 	0.9215	  	 	 	0.9149	  	 	 	0.9079	  	 	 	0.9004	  	 	 	0.8924	  	 	 	0.8839	  	 	 	0.8749	  	 	 	0.8652	  	 	 	0.8550	  	 	 	0.8441	  	 	 	0.8326	  	 	 	0.8204	  
	 	 	49	  	 	 	0.9460	  	 	 	0.9411	  	 	 	0.9359	  	 	 	0.9303	  	 	 	0.9243	  	 	 	0.9179	  	 	 	0.9110	  	 	 	0.9037	  	 	 	0.8959	  	 	 	0.8875	  	 	 	0.8786	  	 	 	0.8691	  	 	 	0.8590	  	 	 	0.8482	  	 	 	0.8368	  	 	 	0.8248	  
	 	 	50	  	 	 	0.9482	  	 	 	0.9434	  	 	 	0.9383	  	 	 	0.9329	  	 	 	0.9271	  	 	 	0.9208	  	 	 	0.9141	  	 	 	0.9070	  	 	 	0.8993	  	 	 	0.8911	  	 	 	0.8823	  	 	 	0.8730	  	 	 	0.8630	  	 	 	0.8524	  	 	 	0.8411	  	 	 	0.8292	  
	 	 	51	  	 	 	0.9503	  	 	 	0.9457	  	 	 	0.9408	  	 	 	0.9355	  	 	 	0.9298	  	 	 	0.9238	  	 	 	0.9172	  	 	 	0.9102	  	 	 	0.9028	  	 	 	0.8947	  	 	 	0.8861	  	 	 	0.8769	  	 	 	0.8671	  	 	 	0.8567	  	 	 	0.8455	  	 	 	0.8338	  
	 	 	52	  	 	 	0.9524	  	 	 	0.9480	  	 	 	0.9432	  	 	 	0.9381	  	 	 	0.9326	  	 	 	0.9267	  	 	 	0.9203	  	 	 	0.9135	  	 	 	0.9062	  	 	 	0.8983	  	 	 	0.8899	  	 	 	0.8809	  	 	 	0.8713	  	 	 	0.8610	  	 	 	0.8500	  	 	 	0.8384	  

  
 111 

 APPENDICES 
  

 Table M-2 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option With Pop-Up Factors 

Effective January 1, 2008 
  

																																																																					
	 	 	 	 	 	Age of Pensioner	 
	

 	 	 	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 	 	59	 	 	60	 	 	61	 
	 	 	53	  	 	 	0.9545	  	 	 	0.9502	  	 	 	0.9456	  	 	 	0.9406	  	 	 	0.9353	  	 	 	0.9296	  	 	 	0.9234	  	 	 	0.9168	  	 	 	0.9096	  	 	 	0.9020	  	 	 	0.8937	  	 	 	0.8849	  	 	 	0.8754	  	 	 	0.8653	  	 	 	0.8545	  	 	 	0.8430	  
	 	 	54	  	 	 	0.9565	  	 	 	0.9524	  	 	 	0.9479	  	 	 	0.9431	  	 	 	0.9380	  	 	 	0.9324	  	 	 	0.9265	  	 	 	0.9200	  	 	 	0.9131	  	 	 	0.9056	  	 	 	0.8975	  	 	 	0.8889	  	 	 	0.8796	  	 	 	0.8697	  	 	 	0.8591	  	 	 	0.8478	  
	 	 	55	  	 	 	0.9584	  	 	 	0.9545	  	 	 	0.9502	  	 	 	0.9456	  	 	 	0.9406	  	 	 	0.9352	  	 	 	0.9295	  	 	 	0.9232	  	 	 	0.9165	  	 	 	0.9092	  	 	 	0.9013	  	 	 	0.8929	  	 	 	0.8838	  	 	 	0.8741	  	 	 	0.8636	  	 	 	0.8525	  
	 	 	56	  	 	 	0.9603	  	 	 	0.9565	  	 	 	0.9524	  	 	 	0.9480	  	 	 	0.9432	  	 	 	0.9380	  	 	 	0.9324	  	 	 	0.9264	  	 	 	0.9198	  	 	 	0.9128	  	 	 	0.9051	  	 	 	0.8969	  	 	 	0.8880	  	 	 	0.8785	  	 	 	0.8683	  	 	 	0.8573	  
	 	 	57	  	 	 	0.9622	  	 	 	0.9585	  	 	 	0.9546	  	 	 	0.9503	  	 	 	0.9457	  	 	 	0.9407	  	 	 	0.9353	  	 	 	0.9295	  	 	 	0.9232	  	 	 	0.9163	  	 	 	0.9089	  	 	 	0.9009	  	 	 	0.8922	  	 	 	0.8829	  	 	 	0.8729	  	 	 	0.8622	  
	 	 	58	  	 	 	0.9640	  	 	 	0.9605	  	 	 	0.9567	  	 	 	0.9526	  	 	 	0.9482	  	 	 	0.9434	  	 	 	0.9382	  	 	 	0.9325	  	 	 	0.9264	  	 	 	0.9198	  	 	 	0.9126	  	 	 	0.9048	  	 	 	0.8964	  	 	 	0.8873	  	 	 	0.8775	  	 	 	0.8670	  
	 	 	59	  	 	 	0.9657	  	 	 	0.9624	  	 	 	0.9587	  	 	 	0.9548	  	 	 	0.9506	  	 	 	0.9460	  	 	 	0.9410	  	 	 	0.9355	  	 	 	0.9296	  	 	 	0.9232	  	 	 	0.9163	  	 	 	0.9087	  	 	 	0.9005	  	 	 	0.8917	  	 	 	0.8821	  	 	 	0.8719	  
	 	 	60	  	 	 	0.9674	  	 	 	0.9642	  	 	 	0.9607	  	 	 	0.9570	  	 	 	0.9529	  	 	 	0.9485	  	 	 	0.9437	  	 	 	0.9385	  	 	 	0.9328	  	 	 	0.9266	  	 	 	0.9199	  	 	 	0.9126	  	 	 	0.9046	  	 	 	0.8960	  	 	 	0.8867	  	 	 	0.8767	  
	 	 	61	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9591	  	 	 	0.9552	  	 	 	0.9509	  	 	 	0.9463	  	 	 	0.9413	  	 	 	0.9359	  	 	 	0.9299	  	 	 	0.9234	  	 	 	0.9164	  	 	 	0.9087	  	 	 	0.9003	  	 	 	0.8913	  	 	 	0.8815	  
	 	 	62	  	 	 	0.9705	  	 	 	0.9676	  	 	 	0.9645	  	 	 	0.9611	  	 	 	0.9573	  	 	 	0.9533	  	 	 	0.9489	  	 	 	0.9441	  	 	 	0.9389	  	 	 	0.9332	  	 	 	0.9269	  	 	 	0.9201	  	 	 	0.9127	  	 	 	0.9046	  	 	 	0.8958	  	 	 	0.8863	  
	 	 	63	  	 	 	0.9720	  	 	 	0.9693	  	 	 	0.9663	  	 	 	0.9630	  	 	 	0.9595	  	 	 	0.9556	  	 	 	0.9514	  	 	 	0.9468	  	 	 	0.9418	  	 	 	0.9363	  	 	 	0.9303	  	 	 	0.9237	  	 	 	0.9166	  	 	 	0.9087	  	 	 	0.9003	  	 	 	0.8911	  
	 	 	64	  	 	 	0.9734	  	 	 	0.9708	  	 	 	0.9680	  	 	 	0.9649	  	 	 	0.9615	  	 	 	0.9578	  	 	 	0.9538	  	 	 	0.9494	  	 	 	0.9446	  	 	 	0.9394	  	 	 	0.9336	  	 	 	0.9273	  	 	 	0.9204	  	 	 	0.9128	  	 	 	0.9046	  	 	 	0.8957	  
	 	 	65	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9696	  	 	 	0.9667	  	 	 	0.9635	  	 	 	0.9600	  	 	 	0.9561	  	 	 	0.9520	  	 	 	0.9474	  	 	 	0.9424	  	 	 	0.9368	  	 	 	0.9308	  	 	 	0.9241	  	 	 	0.9169	  	 	 	0.9089	  	 	 	0.9003	  
	 	 	66	  	 	 	0.9761	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9584	  	 	 	0.9544	  	 	 	0.9500	  	 	 	0.9452	  	 	 	0.9400	  	 	 	0.9342	  	 	 	0.9278	  	 	 	0.9208	  	 	 	0.9131	  	 	 	0.9048	  
	 	 	67	  	 	 	0.9774	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9671	  	 	 	0.9640	  	 	 	0.9605	  	 	 	0.9568	  	 	 	0.9526	  	 	 	0.9480	  	 	 	0.9430	  	 	 	0.9374	  	 	 	0.9313	  	 	 	0.9246	  	 	 	0.9173	  	 	 	0.9092	  
	 	 	68	  	 	 	0.9786	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9716	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9551	  	 	 	0.9507	  	 	 	0.9459	  	 	 	0.9406	  	 	 	0.9348	  	 	 	0.9283	  	 	 	0.9213	  	 	 	0.9135	  
	 	 	69	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9677	  	 	 	0.9646	  	 	 	0.9612	  	 	 	0.9574	  	 	 	0.9533	  	 	 	0.9487	  	 	 	0.9437	  	 	 	0.9381	  	 	 	0.9319	  	 	 	0.9252	  	 	 	0.9177	  
	 	 	70	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9745	  	 	 	0.9721	  	 	 	0.9694	  	 	 	0.9665	  	 	 	0.9633	  	 	 	0.9597	  	 	 	0.9558	  	 	 	0.9515	  	 	 	0.9466	  	 	 	0.9413	  	 	 	0.9354	  	 	 	0.9289	  	 	 	0.9218	  
	 	 	71	  	 	 	0.9818	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9736	  	 	 	0.9711	  	 	 	0.9683	  	 	 	0.9653	  	 	 	0.9619	  	 	 	0.9582	  	 	 	0.9541	  	 	 	0.9495	  	 	 	0.9444	  	 	 	0.9388	  	 	 	0.9326	  	 	 	0.9258	  
	 	 	72	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9726	  	 	 	0.9700	  	 	 	0.9672	  	 	 	0.9640	  	 	 	0.9605	  	 	 	0.9566	  	 	 	0.9522	  	 	 	0.9474	  	 	 	0.9421	  	 	 	0.9361	  	 	 	0.9296	  
	 	 	73	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9660	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9548	  	 	 	0.9503	  	 	 	0.9452	  	 	 	0.9395	  	 	 	0.9333	  
	 	 	74	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9756	  	 	 	0.9733	  	 	 	0.9707	  	 	 	0.9679	  	 	 	0.9647	  	 	 	0.9612	  	 	 	0.9573	  	 	 	0.9530	  	 	 	0.9482	  	 	 	0.9428	  	 	 	0.9369	  
	 	 	75	  	 	 	0.9855	  	 	 	0.9841	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9747	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9667	  	 	 	0.9634	  	 	 	0.9597	  	 	 	0.9556	  	 	 	0.9511	  	 	 	0.9460	  	 	 	0.9403	  
	 	 	76	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9686	  	 	 	0.9655	  	 	 	0.9620	  	 	 	0.9581	  	 	 	0.9538	  	 	 	0.9490	  	 	 	0.9436	  
	 	 	77	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9775	  	 	 	0.9754	  	 	 	0.9730	  	 	 	0.9704	  	 	 	0.9675	  	 	 	0.9642	  	 	 	0.9605	  	 	 	0.9564	  	 	 	0.9518	  	 	 	0.9467	  
	 	 	78	  	 	 	0.9878	  	 	 	0.9866	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9788	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9721	  	 	 	0.9693	  	 	 	0.9663	  	 	 	0.9628	  	 	 	0.9589	  	 	 	0.9546	  	 	 	0.9497	  
	 	 	79	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9760	  	 	 	0.9737	  	 	 	0.9711	  	 	 	0.9682	  	 	 	0.9650	  	 	 	0.9613	  	 	 	0.9572	  	 	 	0.9526	  
	 	 	80	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9701	  	 	 	0.9670	  	 	 	0.9636	  	 	 	0.9597	  	 	 	0.9554	  
	 	 	81	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9822	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9690	  	 	 	0.9657	  	 	 	0.9621	  	 	 	0.9580	  
	 	 	82	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9643	  	 	 	0.9605	  
	 	 	83	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9774	  	 	 	0.9751	  	 	 	0.9726	  	 	 	0.9697	  	 	 	0.9665	  	 	 	0.9628	  
	 	 	84	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9742	  	 	 	0.9715	  	 	 	0.9685	  	 	 	0.9651	  
	 	 	85	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9758	  	 	 	0.9733	  	 	 	0.9705	  	 	 	0.9672	  

  
 112 

 APPENDICES 
  

 Table M-2 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option With Pop-Up Factors 

Effective January 1, 2008 
  

																																																													
	 	 	 	 	 	Age of Pensioner	 
	

 	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	20	  	 	 	0.7293	  	 	 	0.7156	  	 	 	0.7014	  	 	 	0.6868	  	 	 	0.6717	  	 	 	0.6563	  	 	 	0.6405	  	 	 	0.6244	  	 	 	0.6080	  	 	 	0.5913	  	 	 	0.5744	  	 	 	0.5572	  	 	 	0.5398	  	 	 	0.5223	  
	 	 	21	  	 	 	0.7308	  	 	 	0.7171	  	 	 	0.7029	  	 	 	0.6882	  	 	 	0.6732	  	 	 	0.6577	  	 	 	0.6419	  	 	 	0.6258	  	 	 	0.6093	  	 	 	0.5926	  	 	 	0.5756	  	 	 	0.5584	  	 	 	0.5410	  	 	 	0.5235	  
	 	 	22	  	 	 	0.7324	  	 	 	0.7186	  	 	 	0.7044	  	 	 	0.6897	  	 	 	0.6746	  	 	 	0.6592	  	 	 	0.6434	  	 	 	0.6272	  	 	 	0.6107	  	 	 	0.5940	  	 	 	0.5770	  	 	 	0.5597	  	 	 	0.5423	  	 	 	0.5247	  
	 	 	23	  	 	 	0.7340	  	 	 	0.7202	  	 	 	0.7060	  	 	 	0.6913	  	 	 	0.6762	  	 	 	0.6607	  	 	 	0.6449	  	 	 	0.6287	  	 	 	0.6122	  	 	 	0.5955	  	 	 	0.5784	  	 	 	0.5611	  	 	 	0.5436	  	 	 	0.5260	  
	 	 	24	  	 	 	0.7357	  	 	 	0.7219	  	 	 	0.7077	  	 	 	0.6930	  	 	 	0.6779	  	 	 	0.6623	  	 	 	0.6465	  	 	 	0.6303	  	 	 	0.6138	  	 	 	0.5970	  	 	 	0.5799	  	 	 	0.5626	  	 	 	0.5451	  	 	 	0.5274	  
	 	 	25	  	 	 	0.7375	  	 	 	0.7237	  	 	 	0.7094	  	 	 	0.6947	  	 	 	0.6796	  	 	 	0.6641	  	 	 	0.6482	  	 	 	0.6319	  	 	 	0.6154	  	 	 	0.5986	  	 	 	0.5815	  	 	 	0.5641	  	 	 	0.5466	  	 	 	0.5289	  
	 	 	26	  	 	 	0.7393	  	 	 	0.7255	  	 	 	0.7113	  	 	 	0.6965	  	 	 	0.6814	  	 	 	0.6658	  	 	 	0.6499	  	 	 	0.6337	  	 	 	0.6171	  	 	 	0.6003	  	 	 	0.5831	  	 	 	0.5657	  	 	 	0.5482	  	 	 	0.5304	  
	 	 	27	  	 	 	0.7413	  	 	 	0.7275	  	 	 	0.7132	  	 	 	0.6985	  	 	 	0.6833	  	 	 	0.6677	  	 	 	0.6518	  	 	 	0.6355	  	 	 	0.6189	  	 	 	0.6020	  	 	 	0.5849	  	 	 	0.5674	  	 	 	0.5498	  	 	 	0.5321	  
	 	 	28	  	 	 	0.7434	  	 	 	0.7295	  	 	 	0.7152	  	 	 	0.7005	  	 	 	0.6853	  	 	 	0.6697	  	 	 	0.6537	  	 	 	0.6374	  	 	 	0.6208	  	 	 	0.6039	  	 	 	0.5867	  	 	 	0.5692	  	 	 	0.5516	  	 	 	0.5338	  
	 	 	29	  	 	 	0.7455	  	 	 	0.7317	  	 	 	0.7174	  	 	 	0.7026	  	 	 	0.6874	  	 	 	0.6718	  	 	 	0.6558	  	 	 	0.6394	  	 	 	0.6228	  	 	 	0.6059	  	 	 	0.5886	  	 	 	0.5711	  	 	 	0.5534	  	 	 	0.5356	  
	 	 	30	  	 	 	0.7477	  	 	 	0.7339	  	 	 	0.7196	  	 	 	0.7048	  	 	 	0.6896	  	 	 	0.6739	  	 	 	0.6579	  	 	 	0.6416	  	 	 	0.6249	  	 	 	0.6079	  	 	 	0.5906	  	 	 	0.5731	  	 	 	0.5554	  	 	 	0.5375	  
	 	 	31	  	 	 	0.7501	  	 	 	0.7362	  	 	 	0.7219	  	 	 	0.7071	  	 	 	0.6919	  	 	 	0.6762	  	 	 	0.6602	  	 	 	0.6438	  	 	 	0.6271	  	 	 	0.6101	  	 	 	0.5928	  	 	 	0.5752	  	 	 	0.5574	  	 	 	0.5395	  
	 	 	32	  	 	 	0.7525	  	 	 	0.7387	  	 	 	0.7243	  	 	 	0.7095	  	 	 	0.6943	  	 	 	0.6786	  	 	 	0.6625	  	 	 	0.6461	  	 	 	0.6294	  	 	 	0.6123	  	 	 	0.5950	  	 	 	0.5774	  	 	 	0.5596	  	 	 	0.5416	  
	 	 	33	  	 	 	0.7551	  	 	 	0.7412	  	 	 	0.7269	  	 	 	0.7121	  	 	 	0.6968	  	 	 	0.6811	  	 	 	0.6650	  	 	 	0.6486	  	 	 	0.6318	  	 	 	0.6147	  	 	 	0.5973	  	 	 	0.5797	  	 	 	0.5618	  	 	 	0.5438	  
	 	 	34	  	 	 	0.7578	  	 	 	0.7439	  	 	 	0.7296	  	 	 	0.7147	  	 	 	0.6994	  	 	 	0.6837	  	 	 	0.6676	  	 	 	0.6511	  	 	 	0.6343	  	 	 	0.6172	  	 	 	0.5998	  	 	 	0.5821	  	 	 	0.5642	  	 	 	0.5461	  
	 	 	35	  	 	 	0.7605	  	 	 	0.7467	  	 	 	0.7323	  	 	 	0.7175	  	 	 	0.7022	  	 	 	0.6864	  	 	 	0.6703	  	 	 	0.6538	  	 	 	0.6370	  	 	 	0.6198	  	 	 	0.6024	  	 	 	0.5846	  	 	 	0.5667	  	 	 	0.5486	  
	 	 	36	  	 	 	0.7634	  	 	 	0.7496	  	 	 	0.7352	  	 	 	0.7204	  	 	 	0.7051	  	 	 	0.6893	  	 	 	0.6732	  	 	 	0.6566	  	 	 	0.6398	  	 	 	0.6226	  	 	 	0.6051	  	 	 	0.5873	  	 	 	0.5693	  	 	 	0.5511	  
	 	 	37	  	 	 	0.7665	  	 	 	0.7526	  	 	 	0.7383	  	 	 	0.7234	  	 	 	0.7081	  	 	 	0.6923	  	 	 	0.6761	  	 	 	0.6596	  	 	 	0.6427	  	 	 	0.6255	  	 	 	0.6079	  	 	 	0.5901	  	 	 	0.5721	  	 	 	0.5538	  
	 	 	38	  	 	 	0.7696	  	 	 	0.7558	  	 	 	0.7414	  	 	 	0.7265	  	 	 	0.7112	  	 	 	0.6954	  	 	 	0.6792	  	 	 	0.6627	  	 	 	0.6457	  	 	 	0.6285	  	 	 	0.6109	  	 	 	0.5930	  	 	 	0.5749	  	 	 	0.5567	  
	 	 	39	  	 	 	0.7729	  	 	 	0.7590	  	 	 	0.7447	  	 	 	0.7298	  	 	 	0.7145	  	 	 	0.6987	  	 	 	0.6825	  	 	 	0.6659	  	 	 	0.6489	  	 	 	0.6316	  	 	 	0.6140	  	 	 	0.5961	  	 	 	0.5780	  	 	 	0.5596	  
	 	 	40	  	 	 	0.7762	  	 	 	0.7624	  	 	 	0.7481	  	 	 	0.7332	  	 	 	0.7179	  	 	 	0.7021	  	 	 	0.6859	  	 	 	0.6693	  	 	 	0.6523	  	 	 	0.6349	  	 	 	0.6173	  	 	 	0.5993	  	 	 	0.5811	  	 	 	0.5628	  
	 	 	41	  	 	 	0.7797	  	 	 	0.7660	  	 	 	0.7516	  	 	 	0.7368	  	 	 	0.7214	  	 	 	0.7056	  	 	 	0.6894	  	 	 	0.6728	  	 	 	0.6558	  	 	 	0.6384	  	 	 	0.6207	  	 	 	0.6027	  	 	 	0.5845	  	 	 	0.5660	  
	 	 	42	  	 	 	0.7834	  	 	 	0.7696	  	 	 	0.7553	  	 	 	0.7405	  	 	 	0.7251	  	 	 	0.7093	  	 	 	0.6931	  	 	 	0.6764	  	 	 	0.6594	  	 	 	0.6420	  	 	 	0.6243	  	 	 	0.6062	  	 	 	0.5879	  	 	 	0.5694	  
	 	 	43	  	 	 	0.7871	  	 	 	0.7734	  	 	 	0.7591	  	 	 	0.7443	  	 	 	0.7290	  	 	 	0.7132	  	 	 	0.6969	  	 	 	0.6803	  	 	 	0.6632	  	 	 	0.6458	  	 	 	0.6280	  	 	 	0.6099	  	 	 	0.5916	  	 	 	0.5730	  
	 	 	44	  	 	 	0.7910	  	 	 	0.7773	  	 	 	0.7631	  	 	 	0.7483	  	 	 	0.7330	  	 	 	0.7172	  	 	 	0.7009	  	 	 	0.6842	  	 	 	0.6672	  	 	 	0.6497	  	 	 	0.6319	  	 	 	0.6138	  	 	 	0.5954	  	 	 	0.5768	  
	 	 	45	  	 	 	0.7950	  	 	 	0.7814	  	 	 	0.7672	  	 	 	0.7524	  	 	 	0.7371	  	 	 	0.7213	  	 	 	0.7051	  	 	 	0.6884	  	 	 	0.6713	  	 	 	0.6538	  	 	 	0.6360	  	 	 	0.6178	  	 	 	0.5994	  	 	 	0.5807	  
	 	 	46	  	 	 	0.7991	  	 	 	0.7855	  	 	 	0.7714	  	 	 	0.7566	  	 	 	0.7414	  	 	 	0.7256	  	 	 	0.7094	  	 	 	0.6927	  	 	 	0.6756	  	 	 	0.6581	  	 	 	0.6402	  	 	 	0.6220	  	 	 	0.6035	  	 	 	0.5848	  
	 	 	47	  	 	 	0.8033	  	 	 	0.7898	  	 	 	0.7757	  	 	 	0.7610	  	 	 	0.7458	  	 	 	0.7301	  	 	 	0.7139	  	 	 	0.6972	  	 	 	0.6801	  	 	 	0.6626	  	 	 	0.6447	  	 	 	0.6264	  	 	 	0.6079	  	 	 	0.5891	  
	 	 	48	  	 	 	0.8077	  	 	 	0.7942	  	 	 	0.7802	  	 	 	0.7656	  	 	 	0.7504	  	 	 	0.7347	  	 	 	0.7185	  	 	 	0.7018	  	 	 	0.6847	  	 	 	0.6672	  	 	 	0.6493	  	 	 	0.6310	  	 	 	0.6124	  	 	 	0.5936	  
	 	 	49	  	 	 	0.8121	  	 	 	0.7988	  	 	 	0.7848	  	 	 	0.7703	  	 	 	0.7552	  	 	 	0.7395	  	 	 	0.7233	  	 	 	0.7067	  	 	 	0.6896	  	 	 	0.6721	  	 	 	0.6541	  	 	 	0.6358	  	 	 	0.6172	  	 	 	0.5983	  
	 	 	50	  	 	 	0.8167	  	 	 	0.8034	  	 	 	0.7896	  	 	 	0.7751	  	 	 	0.7600	  	 	 	0.7444	  	 	 	0.7283	  	 	 	0.7117	  	 	 	0.6946	  	 	 	0.6771	  	 	 	0.6591	  	 	 	0.6408	  	 	 	0.6221	  	 	 	0.6032	  
	 	 	51	  	 	 	0.8213	  	 	 	0.8082	  	 	 	0.7944	  	 	 	0.7801	  	 	 	0.7651	  	 	 	0.7495	  	 	 	0.7334	  	 	 	0.7169	  	 	 	0.6998	  	 	 	0.6823	  	 	 	0.6644	  	 	 	0.6460	  	 	 	0.6273	  	 	 	0.6083	  
	 	 	52	  	 	 	0.8260	  	 	 	0.8131	  	 	 	0.7994	  	 	 	0.7851	  	 	 	0.7702	  	 	 	0.7548	  	 	 	0.7388	  	 	 	0.7222	  	 	 	0.7052	  	 	 	0.6877	  	 	 	0.6698	  	 	 	0.6514	  	 	 	0.6327	  	 	 	0.6137	  

  
 113 

 APPENDICES 
  

 Table M-2 (cont’d) 

O&R Participants 

Joint and 75% Survivor Option With Pop-Up Factors 

Effective January 1, 2008 
  

																																																													
	 	 	 	 	 	Age of Pensioner	 
	

 	 	 	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	53	  	 	 	0.8309	  	 	 	0.8180	  	 	 	0.8045	  	 	 	0.7903	  	 	 	0.7756	  	 	 	0.7602	  	 	 	0.7442	  	 	 	0.7278	  	 	 	0.7108	  	 	 	0.6933	  	 	 	0.6754	  	 	 	0.6570	  	 	 	0.6383	  	 	 	0.6193	  
	 	 	54	  	 	 	0.8358	  	 	 	0.8231	  	 	 	0.8097	  	 	 	0.7957	  	 	 	0.7810	  	 	 	0.7657	  	 	 	0.7499	  	 	 	0.7335	  	 	 	0.7166	  	 	 	0.6991	  	 	 	0.6812	  	 	 	0.6629	  	 	 	0.6442	  	 	 	0.6251	  
	 	 	55	  	 	 	0.8407	  	 	 	0.8282	  	 	 	0.8150	  	 	 	0.8011	  	 	 	0.7865	  	 	 	0.7714	  	 	 	0.7556	  	 	 	0.7393	  	 	 	0.7225	  	 	 	0.7051	  	 	 	0.6873	  	 	 	0.6690	  	 	 	0.6502	  	 	 	0.6311	  
	 	 	56	  	 	 	0.8457	  	 	 	0.8334	  	 	 	0.8203	  	 	 	0.8066	  	 	 	0.7922	  	 	 	0.7772	  	 	 	0.7616	  	 	 	0.7454	  	 	 	0.7286	  	 	 	0.7113	  	 	 	0.6935	  	 	 	0.6752	  	 	 	0.6565	  	 	 	0.6374	  
	 	 	57	  	 	 	0.8508	  	 	 	0.8386	  	 	 	0.8258	  	 	 	0.8122	  	 	 	0.7980	  	 	 	0.7831	  	 	 	0.7676	  	 	 	0.7516	  	 	 	0.7349	  	 	 	0.7177	  	 	 	0.7000	  	 	 	0.6817	  	 	 	0.6630	  	 	 	0.6440	  
	 	 	58	  	 	 	0.8558	  	 	 	0.8439	  	 	 	0.8313	  	 	 	0.8179	  	 	 	0.8039	  	 	 	0.7892	  	 	 	0.7738	  	 	 	0.7579	  	 	 	0.7413	  	 	 	0.7242	  	 	 	0.7066	  	 	 	0.6884	  	 	 	0.6697	  	 	 	0.6507	  
	 	 	59	  	 	 	0.8609	  	 	 	0.8492	  	 	 	0.8368	  	 	 	0.8236	  	 	 	0.8098	  	 	 	0.7953	  	 	 	0.7801	  	 	 	0.7643	  	 	 	0.7479	  	 	 	0.7309	  	 	 	0.7134	  	 	 	0.6953	  	 	 	0.6767	  	 	 	0.6577	  
	 	 	60	  	 	 	0.8660	  	 	 	0.8545	  	 	 	0.8423	  	 	 	0.8294	  	 	 	0.8158	  	 	 	0.8015	  	 	 	0.7865	  	 	 	0.7709	  	 	 	0.7546	  	 	 	0.7378	  	 	 	0.7204	  	 	 	0.7023	  	 	 	0.6838	  	 	 	0.6649	  
	 	 	61	  	 	 	0.8711	  	 	 	0.8599	  	 	 	0.8479	  	 	 	0.8352	  	 	 	0.8218	  	 	 	0.8077	  	 	 	0.7930	  	 	 	0.7775	  	 	 	0.7615	  	 	 	0.7448	  	 	 	0.7275	  	 	 	0.7096	  	 	 	0.6912	  	 	 	0.6723	  
	 	 	62	  	 	 	0.8761	  	 	 	0.8652	  	 	 	0.8535	  	 	 	0.8411	  	 	 	0.8279	  	 	 	0.8140	  	 	 	0.7995	  	 	 	0.7843	  	 	 	0.7684	  	 	 	0.7519	  	 	 	0.7347	  	 	 	0.7170	  	 	 	0.6987	  	 	 	0.6799	  
	 	 	63	  	 	 	0.8811	  	 	 	0.8705	  	 	 	0.8590	  	 	 	0.8469	  	 	 	0.8340	  	 	 	0.8204	  	 	 	0.8061	  	 	 	0.7911	  	 	 	0.7754	  	 	 	0.7591	  	 	 	0.7421	  	 	 	0.7245	  	 	 	0.7063	  	 	 	0.6877	  
	 	 	64	  	 	 	0.8861	  	 	 	0.8757	  	 	 	0.8646	  	 	 	0.8527	  	 	 	0.8401	  	 	 	0.8267	  	 	 	0.8127	  	 	 	0.7979	  	 	 	0.7825	  	 	 	0.7664	  	 	 	0.7496	  	 	 	0.7322	  	 	 	0.7142	  	 	 	0.6956	  
	 	 	65	  	 	 	0.8910	  	 	 	0.8809	  	 	 	0.8700	  	 	 	0.8585	  	 	 	0.8461	  	 	 	0.8331	  	 	 	0.8193	  	 	 	0.8048	  	 	 	0.7896	  	 	 	0.7738	  	 	 	0.7572	  	 	 	0.7400	  	 	 	0.7221	  	 	 	0.7037	  
	 	 	66	  	 	 	0.8958	  	 	 	0.8860	  	 	 	0.8755	  	 	 	0.8642	  	 	 	0.8522	  	 	 	0.8394	  	 	 	0.8259	  	 	 	0.8117	  	 	 	0.7968	  	 	 	0.7812	  	 	 	0.7649	  	 	 	0.7479	  	 	 	0.7302	  	 	 	0.7120	  
	 	 	67	  	 	 	0.9005	  	 	 	0.8910	  	 	 	0.8808	  	 	 	0.8698	  	 	 	0.8581	  	 	 	0.8457	  	 	 	0.8325	  	 	 	0.8186	  	 	 	0.8040	  	 	 	0.7887	  	 	 	0.7726	  	 	 	0.7558	  	 	 	0.7384	  	 	 	0.7203	  
	 	 	68	  	 	 	0.9051	  	 	 	0.8960	  	 	 	0.8861	  	 	 	0.8754	  	 	 	0.8641	  	 	 	0.8519	  	 	 	0.8391	  	 	 	0.8255	  	 	 	0.8112	  	 	 	0.7961	  	 	 	0.7803	  	 	 	0.7638	  	 	 	0.7466	  	 	 	0.7288	  
	 	 	69	  	 	 	0.9096	  	 	 	0.9008	  	 	 	0.8912	  	 	 	0.8809	  	 	 	0.8699	  	 	 	0.8581	  	 	 	0.8456	  	 	 	0.8323	  	 	 	0.8183	  	 	 	0.8036	  	 	 	0.7881	  	 	 	0.7718	  	 	 	0.7549	  	 	 	0.7373	  
	 	 	70	  	 	 	0.9140	  	 	 	0.9055	  	 	 	0.8963	  	 	 	0.8863	  	 	 	0.8756	  	 	 	0.8642	  	 	 	0.8520	  	 	 	0.8391	  	 	 	0.8254	  	 	 	0.8110	  	 	 	0.7958	  	 	 	0.7799	  	 	 	0.7632	  	 	 	0.7459	  
	 	 	71	  	 	 	0.9183	  	 	 	0.9101	  	 	 	0.9012	  	 	 	0.8916	  	 	 	0.8813	  	 	 	0.8702	  	 	 	0.8584	  	 	 	0.8458	  	 	 	0.8325	  	 	 	0.8184	  	 	 	0.8036	  	 	 	0.7879	  	 	 	0.7716	  	 	 	0.7545	  
	 	 	72	  	 	 	0.9224	  	 	 	0.9146	  	 	 	0.9060	  	 	 	0.8968	  	 	 	0.8868	  	 	 	0.8761	  	 	 	0.8646	  	 	 	0.8524	  	 	 	0.8395	  	 	 	0.8257	  	 	 	0.8112	  	 	 	0.7959	  	 	 	0.7799	  	 	 	0.7631	  
	 	 	73	  	 	 	0.9265	  	 	 	0.9189	  	 	 	0.9107	  	 	 	0.9018	  	 	 	0.8922	  	 	 	0.8818	  	 	 	0.8707	  	 	 	0.8589	  	 	 	0.8463	  	 	 	0.8330	  	 	 	0.8188	  	 	 	0.8039	  	 	 	0.7882	  	 	 	0.7718	  
	 	 	74	  	 	 	0.9303	  	 	 	0.9231	  	 	 	0.9153	  	 	 	0.9067	  	 	 	0.8974	  	 	 	0.8874	  	 	 	0.8767	  	 	 	0.8653	  	 	 	0.8531	  	 	 	0.8401	  	 	 	0.8263	  	 	 	0.8118	  	 	 	0.7964	  	 	 	0.7803	  
	 	 	75	  	 	 	0.9341	  	 	 	0.9272	  	 	 	0.9196	  	 	 	0.9114	  	 	 	0.9025	  	 	 	0.8929	  	 	 	0.8826	  	 	 	0.8715	  	 	 	0.8597	  	 	 	0.8471	  	 	 	0.8338	  	 	 	0.8196	  	 	 	0.8046	  	 	 	0.7889	  
	 	 	76	  	 	 	0.9376	  	 	 	0.9311	  	 	 	0.9239	  	 	 	0.9160	  	 	 	0.9074	  	 	 	0.8982	  	 	 	0.8883	  	 	 	0.8776	  	 	 	0.8662	  	 	 	0.8540	  	 	 	0.8410	  	 	 	0.8272	  	 	 	0.8126	  	 	 	0.7973	  
	 	 	77	  	 	 	0.9411	  	 	 	0.9348	  	 	 	0.9279	  	 	 	0.9204	  	 	 	0.9122	  	 	 	0.9033	  	 	 	0.8938	  	 	 	0.8835	  	 	 	0.8725	  	 	 	0.8607	  	 	 	0.8482	  	 	 	0.8348	  	 	 	0.8206	  	 	 	0.8056	  
	 	 	78	  	 	 	0.9444	  	 	 	0.9384	  	 	 	0.9318	  	 	 	0.9247	  	 	 	0.9168	  	 	 	0.9083	  	 	 	0.8991	  	 	 	0.8893	  	 	 	0.8787	  	 	 	0.8673	  	 	 	0.8551	  	 	 	0.8422	  	 	 	0.8284	  	 	 	0.8138	  
	 	 	79	  	 	 	0.9475	  	 	 	0.9419	  	 	 	0.9356	  	 	 	0.9287	  	 	 	0.9213	  	 	 	0.9131	  	 	 	0.9043	  	 	 	0.8948	  	 	 	0.8846	  	 	 	0.8737	  	 	 	0.8619	  	 	 	0.8494	  	 	 	0.8360	  	 	 	0.8218	  
	 	 	80	  	 	 	0.9505	  	 	 	0.9451	  	 	 	0.9392	  	 	 	0.9327	  	 	 	0.9255	  	 	 	0.9178	  	 	 	0.9093	  	 	 	0.9002	  	 	 	0.8904	  	 	 	0.8799	  	 	 	0.8686	  	 	 	0.8564	  	 	 	0.8435	  	 	 	0.8298	  
	 	 	81	  	 	 	0.9534	  	 	 	0.9483	  	 	 	0.9427	  	 	 	0.9364	  	 	 	0.9296	  	 	 	0.9222	  	 	 	0.9142	  	 	 	0.9055	  	 	 	0.8961	  	 	 	0.8859	  	 	 	0.8750	  	 	 	0.8633	  	 	 	0.8508	  	 	 	0.8375	  
	 	 	82	  	 	 	0.9561	  	 	 	0.9513	  	 	 	0.9460	  	 	 	0.9400	  	 	 	0.9336	  	 	 	0.9265	  	 	 	0.9188	  	 	 	0.9105	  	 	 	0.9015	  	 	 	0.8918	  	 	 	0.8813	  	 	 	0.8701	  	 	 	0.8580	  	 	 	0.8451	  
	 	 	83	  	 	 	0.9587	  	 	 	0.9542	  	 	 	0.9491	  	 	 	0.9435	  	 	 	0.9374	  	 	 	0.9306	  	 	 	0.9233	  	 	 	0.9154	  	 	 	0.9068	  	 	 	0.8975	  	 	 	0.8874	  	 	 	0.8766	  	 	 	0.8650	  	 	 	0.8525	  
	 	 	84	  	 	 	0.9612	  	 	 	0.9569	  	 	 	0.9521	  	 	 	0.9468	  	 	 	0.9410	  	 	 	0.9346	  	 	 	0.9276	  	 	 	0.9201	  	 	 	0.9119	  	 	 	0.9030	  	 	 	0.8934	  	 	 	0.8830	  	 	 	0.8718	  	 	 	0.8598	  
	 	 	85	  	 	 	0.9636	  	 	 	0.9595	  	 	 	0.9550	  	 	 	0.9500	  	 	 	0.9445	  	 	 	0.9384	  	 	 	0.9318	  	 	 	0.9246	  	 	 	0.9168	  	 	 	0.9083	  	 	 	0.8991	  	 	 	0.8892	  	 	 	0.8784	  	 	 	0.8669	  

  
 114 

 Sub appendix A. 3 

Table A 
 CEI Participants

 12 Year Certain and Life Annuity 

 

					
	 Pensioner Age
	  	Factor	 
	 25
	  	 	0.9987	  
	 26
	  	 	0.9986	  
	 27
	  	 	0.9985	  
	 28
	  	 	0.9984	  
	 29
	  	 	0.9984	  
	 30
	  	 	0.9982	  
	 31
	  	 	0.9980	  
	 32
	  	 	0.9979	  
	 33
	  	 	0.9977	  
	 34
	  	 	0.9976	  
	 35
	  	 	0.9973	  
	 36
	  	 	0.9970	  
	 37
	  	 	0.9968	  
	 38
	  	 	0.9965	  
	 39
	  	 	0.9960	  
	 40
	  	 	0.9956	  
	 41
	  	 	0.9951	  
	 42
	  	 	0.9946	  
	 43
	  	 	0.9939	  
	 44
	  	 	0.9932	  
	 45
	  	 	0.9923	  
	 46
	  	 	0.9915	  
	 47
	  	 	0.9905	  
	 48
	  	 	0.9895	  
	 49
	  	 	0.9884	  

					
	 Pensioner Age
	  	Factor	 
	 50
	  	 	0.9872	  
	 51
	  	 	0.9860	  
	 52
	  	 	0.9846	  
	 53
	  	 	0.9831	  
	 54
	  	 	0.9813	  
	 55
	  	 	0.9794	  
	 56
	  	 	0.9770	  
	 57
	  	 	0.9746	  
	 58
	  	 	0.9716	  
	 59
	  	 	0.9683	  
	 60
	  	 	0.9644	  
	 61
	  	 	0.9599	  
	 62
	  	 	0.9549	  
	 63
	  	 	0.9493	  
	 64
	  	 	0.9428	  
	 65
	  	 	0.9357	  
	 66
	  	 	0.9276	  
	 67
	  	 	0.9185	  
	 68
	  	 	0.9085	  
	 69
	  	 	0.8975	  
	 70
	  	 	0.8854	  
	 71
	  	 	0.8722	  
	 72
	  	 	0.8578	  
	 73
	  	 	0.8420	  
	 74
	  	 	0.8249	  
	 75
	  	 	0.8068	  

 
 

  
 115 

 APPENDICES 

Sub appendix A. 3 
 Table
B 
 100% Joint and Survivor Without Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	1 		 	 		25	 		26	 		27	 		28	 		29	 		30	 		31	 		32	 		33	 		34	 		35	 		36	 		37	 		38	 		39	 		40	 		41	 
	  
 

 
																																																																								
		 	25	  		 	0.9822	  		 	0.9806	  		 	0.9790	  		 	0.9772	  		 	0.9753	  		 	0.9733	  		 	0.9710	  		 	0.9686	  		 	0.9659	  		 	0.9631	  		 	0.9600	  		 	0.9567	  		 	0.9532	  		 	0.9494	  		 	0.9454	  		 	0.9409	  		 	0.9363	  
		 	26	  		 	0.9826	  		 	0.9811	  		 	0.9796	  		 	0.9778	  		 	0.9760	  		 	0.9739	  		 	0.9716	  		 	0.9693	  		 	0.9666	  		 	0.9639	  		 	0.9608	  		 	0.9576	  		 	0.9540	  		 	0.9503	  		 	0.9463	  		 	0.9420	  		 	0.9373	  
		 	27	  		 	0.9831	  		 	0.9817	  		 	0.9801	  		 	0.9784	  		 	0.9766	  		 	0.9746	  		 	0.9723	  		 	0.9700	  		 	0.9674	  		 	0.9647	  		 	0.9617	  		 	0.9584	  		 	0.9550	  		 	0.9513	  		 	0.9473	  		 	0.9430	  		 	0.9383	  
		 	28	  		 	0.9836	  		 	0.9822	  		 	0.9807	  		 	0.9790	  		 	0.9772	  		 	0.9752	  		 	0.9730	  		 	0.9708	  		 	0.9682	  		 	0.9655	  		 	0.9625	  		 	0.9594	  		 	0.9559	  		 	0.9523	  		 	0.9483	  		 	0.9441	  		 	0.9395	  
		 	29	  		 	0.9840	  		 	0.9827	  		 	0.9812	  		 	0.9795	  		 	0.9778	  		 	0.9759	  		 	0.9737	  		 	0.9715	  		 	0.9690	  		 	0.9664	  		 	0.9634	  		 	0.9603	  		 	0.9569	  		 	0.9533	  		 	0.9493	  		 	0.9452	  		 	0.9406	  
		 	30	  		 	0.9846	  		 	0.9832	  		 	0.9817	  		 	0.9801	  		 	0.9785	  		 	0.9766	  		 	0.9744	  		 	0.9723	  		 	0.9697	  		 	0.9672	  		 	0.9643	  		 	0.9612	  		 	0.9579	  		 	0.9543	  		 	0.9505	  		 	0.9463	  		 	0.9418	  
		 	31	  		 	0.9851	  		 	0.9837	  		 	0.9823	  		 	0.9807	  		 	0.9791	  		 	0.9772	  		 	0.9751	  		 	0.9731	  		 	0.9706	  		 	0.9681	  		 	0.9652	  		 	0.9622	  		 	0.9589	  		 	0.9554	  		 	0.9516	  		 	0.9474	  		 	0.9430	  
		 	32	  		 	0.9855	  		 	0.9842	  		 	0.9828	  		 	0.9813	  		 	0.9797	  		 	0.9779	  		 	0.9759	  		 	0.9738	  		 	0.9714	  		 	0.9689	  		 	0.9662	  		 	0.9632	  		 	0.9600	  		 	0.9565	  		 	0.9527	  		 	0.9486	  		 	0.9443	  
		 	33	  		 	0.9860	  		 	0.9847	  		 	0.9834	  		 	0.9819	  		 	0.9804	  		 	0.9786	  		 	0.9766	  		 	0.9746	  		 	0.9722	  		 	0.9698	  		 	0.9671	  		 	0.9642	  		 	0.9610	  		 	0.9576	  		 	0.9539	  		 	0.9499	  		 	0.9455	  
		 	34	  		 	0.9864	  		 	0.9852	  		 	0.9839	  		 	0.9825	  		 	0.9810	  		 	0.9793	  		 	0.9774	  		 	0.9753	  		 	0.9730	  		 	0.9707	  		 	0.9680	  		 	0.9652	  		 	0.9620	  		 	0.9587	  		 	0.9551	  		 	0.9511	  		 	0.9469	  
		 	35	  		 	0.9869	  		 	0.9857	  		 	0.9845	  		 	0.9831	  		 	0.9816	  		 	0.9799	  		 	0.9781	  		 	0.9761	  		 	0.9739	  		 	0.9716	  		 	0.9690	  		 	0.9662	  		 	0.9631	  		 	0.9599	  		 	0.9563	  		 	0.9524	  		 	0.9482	  
		 	36	  		 	0.9873	  		 	0.9863	  		 	0.9850	  		 	0.9837	  		 	0.9822	  		 	0.9806	  		 	0.9788	  		 	0.9769	  		 	0.9748	  		 	0.9725	  		 	0.9700	  		 	0.9672	  		 	0.9643	  		 	0.9610	  		 	0.9575	  		 	0.9537	  		 	0.9495	  
		 	37	  		 	0.9878	  		 	0.9867	  		 	0.9855	  		 	0.9842	  		 	0.9829	  		 	0.9813	  		 	0.9795	  		 	0.9777	  		 	0.9756	  		 	0.9734	  		 	0.9709	  		 	0.9683	  		 	0.9653	  		 	0.9622	  		 	0.9588	  		 	0.9550	  		 	0.9509	  
		 	38	  		 	0.9882	  		 	0.9872	  		 	0.9861	  		 	0.9848	  		 	0.9835	  		 	0.9820	  		 	0.9803	  		 	0.9785	  		 	0.9764	  		 	0.9743	  		 	0.9719	  		 	0.9693	  		 	0.9664	  		 	0.9634	  		 	0.9600	  		 	0.9563	  		 	0.9523	  
		 	39	  		 	0.9887	  		 	0.9876	  		 	0.9866	  		 	0.9853	  		 	0.9841	  		 	0.9826	  		 	0.9810	  		 	0.9793	  		 	0.9772	  		 	0.9752	  		 	0.9729	  		 	0.9703	  		 	0.9676	  		 	0.9645	  		 	0.9613	  		 	0.9576	  		 	0.9537	  
		 	40	  		 	0.9890	  		 	0.9881	  		 	0.9871	  		 	0.9859	  		 	0.9847	  		 	0.9833	  		 	0.9816	  		 	0.9800	  		 	0.9781	  		 	0.9761	  		 	0.9738	  		 	0.9714	  		 	0.9686	  		 	0.9658	  		 	0.9625	  		 	0.9590	  		 	0.9552	  
		 	41	  		 	0.9895	  		 	0.9886	  		 	0.9875	  		 	0.9864	  		 	0.9853	  		 	0.9839	  		 	0.9824	  		 	0.9808	  		 	0.9789	  		 	0.9770	  		 	0.9748	  		 	0.9724	  		 	0.9697	  		 	0.9669	  		 	0.9638	  		 	0.9604	  		 	0.9566	  
		 	42	  		 	0.9899	  		 	0.9890	  		 	0.9880	  		 	0.9870	  		 	0.9859	  		 	0.9845	  		 	0.9830	  		 	0.9815	  		 	0.9797	  		 	0.9779	  		 	0.9758	  		 	0.9734	  		 	0.9709	  		 	0.9681	  		 	0.9651	  		 	0.9617	  		 	0.9581	  
		 	43	  		 	0.9903	  		 	0.9895	  		 	0.9886	  		 	0.9875	  		 	0.9865	  		 	0.9852	  		 	0.9837	  		 	0.9822	  		 	0.9805	  		 	0.9788	  		 	0.9767	  		 	0.9744	  		 	0.9720	  		 	0.9693	  		 	0.9663	  		 	0.9631	  		 	0.9596	  
		 	44	  		 	0.9907	  		 	0.9899	  		 	0.9890	  		 	0.9880	  		 	0.9870	  		 	0.9858	  		 	0.9844	  		 	0.9830	  		 	0.9813	  		 	0.9796	  		 	0.9776	  		 	0.9754	  		 	0.9731	  		 	0.9705	  		 	0.9676	  		 	0.9645	  		 	0.9610	  
		 	45	  		 	0.9911	  		 	0.9903	  		 	0.9894	  		 	0.9885	  		 	0.9876	  		 	0.9863	  		 	0.9851	  		 	0.9837	  		 	0.9820	  		 	0.9804	  		 	0.9785	  		 	0.9764	  		 	0.9741	  		 	0.9716	  		 	0.9689	  		 	0.9658	  		 	0.9625	  
		 	46	  		 	0.9914	  		 	0.9907	  		 	0.9899	  		 	0.9890	  		 	0.9881	  		 	0.9869	  		 	0.9856	  		 	0.9844	  		 	0.9828	  		 	0.9812	  		 	0.9794	  		 	0.9774	  		 	0.9752	  		 	0.9728	  		 	0.9701	  		 	0.9672	  		 	0.9639	  
		 	47	  		 	0.9918	  		 	0.9911	  		 	0.9903	  		 	0.9895	  		 	0.9886	  		 	0.9875	  		 	0.9863	  		 	0.9851	  		 	0.9836	  		 	0.9820	  		 	0.9803	  		 	0.9784	  		 	0.9762	  		 	0.9739	  		 	0.9714	  		 	0.9685	  		 	0.9654	  
		 	48	  		 	0.9922	  		 	0.9915	  		 	0.9908	  		 	0.9899	  		 	0.9891	  		 	0.9881	  		 	0.9869	  		 	0.9858	  		 	0.9843	  		 	0.9829	  		 	0.9812	  		 	0.9793	  		 	0.9773	  		 	0.9751	  		 	0.9725	  		 	0.9698	  		 	0.9668	  
		 	49	  		 	0.9925	  		 	0.9919	  		 	0.9912	  		 	0.9904	  		 	0.9896	  		 	0.9886	  		 	0.9875	  		 	0.9864	  		 	0.9850	  		 	0.9837	  		 	0.9821	  		 	0.9802	  		 	0.9783	  		 	0.9761	  		 	0.9738	  		 	0.9712	  		 	0.9682	  
		 	50	  		 	0.9928	  		 	0.9922	  		 	0.9916	  		 	0.9908	  		 	0.9900	  		 	0.9891	  		 	0.9881	  		 	0.9870	  		 	0.9857	  		 	0.9844	  		 	0.9829	  		 	0.9812	  		 	0.9792	  		 	0.9772	  		 	0.9750	  		 	0.9724	  		 	0.9696	  
		 	51	  		 	0.9932	  		 	0.9926	  		 	0.9920	  		 	0.9912	  		 	0.9906	  		 	0.9897	  		 	0.9887	  		 	0.9877	  		 	0.9864	  		 	0.9851	  		 	0.9837	  		 	0.9821	  		 	0.9803	  		 	0.9783	  		 	0.9761	  		 	0.9737	  		 	0.9710	  
		 	52	  		 	0.9935	  		 	0.9930	  		 	0.9924	  		 	0.9917	  		 	0.9910	  		 	0.9902	  		 	0.9892	  		 	0.9883	  		 	0.9870	  		 	0.9859	  		 	0.9845	  		 	0.9829	  		 	0.9812	  		 	0.9793	  		 	0.9773	  		 	0.9749	  		 	0.9723	  
		 	53	  		 	0.9938	  		 	0.9933	  		 	0.9927	  		 	0.9921	  		 	0.9914	  		 	0.9907	  		 	0.9898	  		 	0.9889	  		 	0.9877	  		 	0.9865	  		 	0.9852	  		 	0.9838	  		 	0.9821	  		 	0.9803	  		 	0.9784	  		 	0.9761	  		 	0.9737	  
		 	54	  		 	0.9941	  		 	0.9936	  		 	0.9931	  		 	0.9925	  		 	0.9919	  		 	0.9911	  		 	0.9903	  		 	0.9894	  		 	0.9883	  		 	0.9873	  		 	0.9860	  		 	0.9846	  		 	0.9830	  		 	0.9813	  		 	0.9794	  		 	0.9773	  		 	0.9749	  
		 	55	  		 	0.9944	  		 	0.9939	  		 	0.9935	  		 	0.9929	  		 	0.9923	  		 	0.9916	  		 	0.9907	  		 	0.9900	  		 	0.9890	  		 	0.9880	  		 	0.9867	  		 	0.9854	  		 	0.9839	  		 	0.9823	  		 	0.9805	  		 	0.9784	  		 	0.9762	  

  
 116 

 APPENDICES 

Sub appendix A. 3 
 Table
B 
 100% Joint and Survivor Without Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9774	  
	 	 	57	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9787	  
	 	 	58	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9798	  
	 	 	59	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9845	  	 	 	0.9828	  	 	 	0.9810	  
	 	 	60	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9821	  
	 	 	61	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9832	  
	 	 	62	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9842	  
	 	 	63	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  
	 	 	64	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9875	  	 	 	0.9861	  
	 	 	65	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9870	  
	 	 	66	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  
	 	 	67	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  
	 	 	68	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9906	  	 	 	0.9896	  
	 	 	69	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9903	  
	 	 	70	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9910	  
	 	 	71	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9926	  	 	 	0.9917	  
	 	 	72	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9932	  	 	 	0.9924	  
	 	 	73	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9931	  
	 	 	74	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  
	 	 	75	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  
	 	 	76	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9946	  
	 	 	77	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9980	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  
	 	 	78	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  
	 	 	79	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  
	 	 	80	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9963	  
	 	 	81	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9970	  	 	 	0.9966	  
	 	 	82	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9969	  
	 	 	83	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  
	 	 	84	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9975	  
	 	 	85	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  

  
 117 

 APPENDICES 

Sub appendix A. 3 
 Table
B 
 100% Joint and Survivor Without Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	 

		 	 		42	 		43	 		44	 		45	 		46	 		47	 		48	 		49	 		50	 		51	 		52	 		53	 		54	 		55	 		56	 		57	 		58	 
		 	25	  		 	0.9314	  		 	0.9261	  		 	0.9205	  		 	0.9145	  		 	0.9083	  		 	0.9017	  		 	0.8947	  		 	0.8874	  		 	0.8797	  		 	0.8717	  		 	0.8632	  		 	0.8543	  		 	0.8449	  		 	0.8351	  		 	0.8247	  		 	0.8138	  		 	0.8024	  
		 	26	  		 	0.9324	  		 	0.9271	  		 	0.9216	  		 	0.9156	  		 	0.9094	  		 	0.9029	  		 	0.8959	  		 	0.8886	  		 	0.8810	  		 	0.8729	  		 	0.8645	  		 	0.8557	  		 	0.8462	  		 	0.8364	  		 	0.8260	  		 	0.8151	  		 	0.8037	  
		 	27	  		 	0.9335	  		 	0.9283	  		 	0.9227	  		 	0.9168	  		 	0.9106	  		 	0.9041	  		 	0.8972	  		 	0.8899	  		 	0.8823	  		 	0.8743	  		 	0.8659	  		 	0.8570	  		 	0.8476	  		 	0.8378	  		 	0.8274	  		 	0.8165	  		 	0.8051	  
		 	28	  		 	0.9347	  		 	0.9295	  		 	0.9240	  		 	0.9181	  		 	0.9119	  		 	0.9054	  		 	0.8985	  		 	0.8912	  		 	0.8836	  		 	0.8756	  		 	0.8673	  		 	0.8584	  		 	0.8490	  		 	0.8392	  		 	0.8288	  		 	0.8180	  		 	0.8065	  
		 	29	  		 	0.9359	  		 	0.9307	  		 	0.9252	  		 	0.9194	  		 	0.9133	  		 	0.9068	  		 	0.8999	  		 	0.8927	  		 	0.8851	  		 	0.8771	  		 	0.8688	  		 	0.8599	  		 	0.8506	  		 	0.8408	  		 	0.8304	  		 	0.8195	  		 	0.8081	  
		 	30	  		 	0.9370	  		 	0.9320	  		 	0.9265	  		 	0.9207	  		 	0.9146	  		 	0.9082	  		 	0.9014	  		 	0.8942	  		 	0.8866	  		 	0.8786	  		 	0.8703	  		 	0.8615	  		 	0.8521	  		 	0.8424	  		 	0.8320	  		 	0.8212	  		 	0.8097	  
		 	31	  		 	0.9383	  		 	0.9333	  		 	0.9279	  		 	0.9221	  		 	0.9160	  		 	0.9097	  		 	0.9028	  		 	0.8957	  		 	0.8882	  		 	0.8803	  		 	0.8719	  		 	0.8632	  		 	0.8539	  		 	0.8441	  		 	0.8337	  		 	0.8230	  		 	0.8115	  
		 	32	  		 	0.9396	  		 	0.9346	  		 	0.9293	  		 	0.9236	  		 	0.9175	  		 	0.9112	  		 	0.9044	  		 	0.8974	  		 	0.8898	  		 	0.8820	  		 	0.8737	  		 	0.8649	  		 	0.8556	  		 	0.8459	  		 	0.8356	  		 	0.8247	  		 	0.9133	  
		 	33	  		 	0.9409	  		 	0.9360	  		 	0.9307	  		 	0.9250	  		 	0.9191	  		 	0.9128	  		 	0.9061	  		 	0.8990	  		 	0.8916	  		 	0.8837	  		 	0.8755	  		 	0.8668	  		 	0.8574	  		 	0.8478	  		 	0.8374	  		 	0.8267	  		 	0.8153	  
		 	34	  		 	0.9423	  		 	0.9374	  		 	0.9322	  		 	0.9266	  		 	0.9207	  		 	0.9144	  		 	0.9078	  		 	0.9008	  		 	0.8934	  		 	0.8856	  		 	0.8774	  		 	0.8686	  		 	0.8594	  		 	0.8498	  		 	0.8395	  		 	0.8287	  		 	0.8173	  
		 	35	  		 	0.9438	  		 	0.9389	  		 	0.9337	  		 	0.9282	  		 	0.9224	  		 	0.9161	  		 	0.9095	  		 	0.9026	  		 	0.8953	  		 	0.8875	  		 	0.8793	  		 	0.8707	  		 	0.8615	  		 	0.8518	  		 	0.8416	  		 	0.8309	  		 	.08195	  
		 	36	  		 	0.9452	  		 	0.9404	  		 	0.9353	  		 	0.9298	  		 	0.9241	  		 	0.9179	  		 	0.9114	  		 	0.9045	  		 	0.8972	  		 	0.8895	  		 	0.8813	  		 	0.8728	  		 	0.8636	  		 	0.8540	  		 	0.8438	  		 	0.8331	  		 	0.8217	  
		 	37	  		 	0.9466	  		 	0.9419	  		 	0.9369	  		 	0.9315	  		 	0.9258	  		 	0.9197	  		 	0.9132	  		 	0.9064	  		 	0.8992	  		 	0.8916	  		 	0.8835	  		 	0.8750	  		 	0.8658	  		 	0.8563	  		 	0.8461	  		 	0.8354	  		 	0.8241	  
		 	38	  		 	0.9481	  		 	0.9435	  		 	0.9385	  		 	0.9332	  		 	0.9276	  		 	0.9216	  		 	0.9152	  		 	0.9084	  		 	0.9013	  		 	0.8937	  		 	0.8857	  		 	0.8772	  		 	0.8681	  		 	0.8586	  		 	0.8485	  		 	0.8379	  		 	0.8266	  
		 	39	  		 	0.9496	  		 	0.9451	  		 	0.9402	  		 	0.9350	  		 	0.9294	  		 	0.9235	  		 	0.9172	  		 	0.9106	  		 	0.9035	  		 	0.8959	  		 	0.8880	  		 	0.8796	  		 	0.8706	  		 	0.8611	  		 	0.8511	  		 	0.8404	  		 	0.8292	  
		 	39	  		 	0.9496	  		 	0.9451	  		 	0.9402	  		 	0.9350	  		 	0.9294	  		 	0.9235	  		 	0.9172	  		 	0.9106	  		 	0.9035	  		 	0.8959	  		 	0.8880	  		 	0.8796	  		 	0.8706	  		 	0.8611	  		 	0.8511	  		 	0.8404	  		 	0.8292	  
		 	40	  		 	0.9511	  		 	0.9467	  		 	0.9419	  		 	0.9367	  		 	0.9313	  		 	0.9255	  		 	0.9193	  		 	0.9127	  		 	0.9057	  		 	0.8982	  		 	0.8904	  		 	0.8820	  		 	0.8731	  		 	0.8637	  		 	0.8537	  		 	0.8431	  		 	0.8319	  
		 	41	  		 	0.9527	  		 	0.9483	  		 	0.9437	  		 	0.9386	  		 	0.9333	  		 	0.9275	  		 	0.9214	  		 	0.9148	  		 	0.9079	  		 	0.9006	  		 	0.8929	  		 	0.8846	  		 	0.8757	  		 	0.8664	  		 	0.8564	  		 	0.8460	  		 	0.8348	  
		 	42	  		 	0.9542	  		 	0.9500	  		 	0.9454	  		 	0.9404	  		 	0.9352	  		 	0.9296	  		 	0.9235	  		 	0.9171	  		 	0.9103	  		 	0.9030	  		 	0.8954	  		 	0.8872	  		 	0.8784	  		 	0.8692	  		 	0.8593	  		 	0.8489	  		 	0.8378	  
		 	43	  		 	0.9558	  		 	0.9516	  		 	0.9472	  		 	0.9423	  		 	0.9372	  		 	0.9316	  		 	0.9257	  		 	0.9195	  		 	0.9127	  		 	0.9055	  		 	0.8980	  		 	0.8899	  		 	0.8812	  		 	0.8721	  		 	0.8622	  		 	0.8520	  		 	0.8409	  
		 	44	  		 	0.9574	  		 	0.9533	  		 	0.9490	  		 	0.9442	  		 	0.9392	  		 	0.9338	  		 	0.9280	  		 	0.9218	  		 	0.9152	  		 	0.9081	  		 	0.9007	  		 	0.8927	  		 	0.8841	  		 	0.8751	  		 	0.8653	  		 	0.8551	  		 	0.8442	  
		 	45	  		 	0.9589	  		 	0.9550	  		 	0.9508	  		 	0.9461	  		 	0.9412	  		 	0.9359	  		 	0.9302	  		 	0.9241	  		 	0.9177	  		 	0.9108	  		 	0.9034	  		 	0.8956	  		 	0.8871	  		 	0.8781	  		 	0.8685	  		 	0.8583	  		 	0.8475	  
		 	46	  		 	0.9605	  		 	0.9566	  		 	0.9526	  		 	0.9480	  		 	0.9433	  		 	0.9381	  		 	0.9325	  		 	0.9266	  		 	0.9202	  		 	0.9135	  		 	0.9062	  		 	0.8985	  		 	0.8901	  		 	0.8813	  		 	0.8718	  		 	0.8617	  		 	0.8509	  
		 	47	  		 	0.9621	  		 	0.9583	  		 	0.9543	  		 	0.9499	  		 	0.9453	  		 	0.9402	  		 	0.9348	  		 	0.9290	  		 	0.9228	  		 	0.9162	  		 	0.9090	  		 	0.9014	  		 	0.8932	  		 	0.8845	  		 	0.8751	  		 	0.8652	  		 	0.8546	  
		 	48	  		 	0.9636	  		 	0.9600	  		 	0.9561	  		 	0.9518	  		 	0.9473	  		 	0.9424	  		 	0.9372	  		 	0.9315	  		 	0.9254	  		 	0.9189	  		 	0.9120	  		 	0.9045	  		 	0.8964	  		 	0.8878	  		 	0.8786	  		 	0.8688	  		 	0.8582	  
		 	49	  		 	0.9651	  		 	0.9617	  		 	0.9579	  		 	0.9537	  		 	0.9494	  		 	0.9446	  		 	0.9395	  		 	0.9340	  		 	0.9280	  		 	0.9217	  		 	0.9149	  		 	0.9076	  		 	0.8996	  		 	0.8912	  		 	0.8821	  		 	0.8724	  		 	0.8620	  
		 	50	  		 	0.9666	  		 	0.9633	  		 	0.9597	  		 	0.9556	  		 	0.9514	  		 	0.9468	  		 	0.9418	  		 	0.9364	  		 	0.9307	  		 	0.9245	  		 	0.9178	  		 	0.9107	  		 	0.9029	  		 	0.8947	  		 	0.8857	  		 	0.8762	  		 	0.8660	  
		 	51	  		 	0.9681	  		 	0.9649	  		 	0.9614	  		 	0.9576	  		 	0.9535	  		 	0.9490	  		 	0.9441	  		 	0.9389	  		 	0.9333	  		 	0.9273	  		 	0.9209	  		 	0.9138	  		 	0.9063	  		 	0.8982	  		 	0.8893	  		 	0.8800	  		 	0.8699	  
		 	52	  		 	0.9696	  		 	0.9665	  		 	0.9631	  		 	0.9594	  		 	0.9555	  		 	0.9511	  		 	0.9465	  		 	0.9414	  		 	0.9360	  		 	0.9302	  		 	0.9238	  		 	0.9170	  		 	0.9097	  		 	0.9017	  		 	0.8931	  		 	0.8839	  		 	0.8740	  
		 	53	  		 	0.9710	  		 	0.9680	  		 	0.9648	  		 	0.9613	  		 	0.9575	  		 	0.9533	  		 	0.9487	  		 	0.9439	  		 	0.9386	  		 	0.9330	  		 	0.9269	  		 	0.9202	  		 	0.9130	  		 	0.9053	  		 	0.8969	  		 	0.8879	  		 	0.8782	  
		 	54	  		 	0.9724	  		 	0.9696	  		 	0.9665	  		 	0.9631	  		 	0.9594	  		 	0.9554	  		 	0.9511	  		 	0.9464	  		 	0.9413	  		 	0.9358	  		 	0.9300	  		 	0.9235	  		 	0.9164	  		 	0.9090	  		 	0.9008	  		 	0.8920	  		 	0.8824	  
		 	55	  		 	0.9738	  		 	0.9711	  		 	0.9681	  		 	0.9648	  		 	0.9614	  		 	0.9575	  		 	0.9533	  		 	0.9489	  		 	0.9440	  		 	0.9387	  		 	0.9329	  		 	0.9267	  		 	0.9199	  		 	0.9126	  		 	0.9046	  		 	0.8960	  		 	0.8867	  

  
 118 

 APPENDICES 
  

 Sub appendix A. 3 

Table B 
 100% Joint and
Survivor Without Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	56	  	 	 	0.9752	  	 	 	0.9725	  	 	 	0.9697	  	 	 	0.9666	  	 	 	0.9632	  	 	 	0.9596	  	 	 	0.9556	  	 	 	0.9513	  	 	 	0.9465	  	 	 	0.9414	  	 	 	0.9360	  	 	 	0.9300	  	 	 	0.9234	  	 	 	0.9163	  	 	 	0.9086	  	 	 	0.9001	  	 	 	0.8911	  
	 	 	57	  	 	 	0.9765	  	 	 	0.9740	  	 	 	0.9713	  	 	 	0.9683	  	 	 	0.9651	  	 	 	0.9616	  	 	 	0.9578	  	 	 	0.9537	  	 	 	0.9492	  	 	 	0.9442	  	 	 	0.9390	  	 	 	0.9332	  	 	 	0.9268	  	 	 	0.9200	  	 	 	0.9124	  	 	 	0.9044	  	 	 	0.8955	  
	 	 	58	  	 	 	0.9777	  	 	 	0.9754	  	 	 	0.9729	  	 	 	0.9700	  	 	 	0.9670	  	 	 	0.9637	  	 	 	0.9599	  	 	 	0.9560	  	 	 	0.9517	  	 	 	0.9470	  	 	 	0.9419	  	 	 	0.9364	  	 	 	0.9302	  	 	 	0.9237	  	 	 	0.9164	  	 	 	0.9086	  	 	 	0.9000	  
	 	 	59	  	 	 	0.9790	  	 	 	0.9768	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9688	  	 	 	0.9656	  	 	 	0.9621	  	 	 	0.9583	  	 	 	0.9543	  	 	 	0.9498	  	 	 	0.9449	  	 	 	0.9396	  	 	 	0.9337	  	 	 	0.9273	  	 	 	0.9203	  	 	 	0.9128	  	 	 	0.9044	  
	 	 	60	  	 	 	0.9802	  	 	 	0.9781	  	 	 	0.9759	  	 	 	0.9733	  	 	 	0.9705	  	 	 	0.9675	  	 	 	0.9642	  	 	 	0.9606	  	 	 	0.9567	  	 	 	0.9525	  	 	 	0.9478	  	 	 	0.9427	  	 	 	0.9371	  	 	 	0.9310	  	 	 	0.9242	  	 	 	0.9170	  	 	 	0.9089	  
	 	 	61	  	 	 	0.9814	  	 	 	0.9794	  	 	 	0.9772	  	 	 	0.9748	  	 	 	0.9722	  	 	 	0.9694	  	 	 	0.9662	  	 	 	0.9628	  	 	 	0.9591	  	 	 	0.9551	  	 	 	0.9507	  	 	 	0.9458	  	 	 	0.9404	  	 	 	0.9346	  	 	 	0.9281	  	 	 	0.9211	  	 	 	0.9134	  
	 	 	62	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9786	  	 	 	0.9763	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9682	  	 	 	0.9650	  	 	 	0.9615	  	 	 	0.9576	  	 	 	0.9535	  	 	 	0.9489	  	 	 	0.9437	  	 	 	0.9382	  	 	 	0.9320	  	 	 	0.9252	  	 	 	0.9178	  
	 	 	63	  	 	 	0.9837	  	 	 	0.9819	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9671	  	 	 	0.9638	  	 	 	0.9601	  	 	 	0.9562	  	 	 	0.9518	  	 	 	0.9470	  	 	 	0.9417	  	 	 	0.9358	  	 	 	0.9294	  	 	 	0.9222	  
	 	 	64	  	 	 	0.9847	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9746	  	 	 	0.9720	  	 	 	0.9691	  	 	 	0.9660	  	 	 	0.9626	  	 	 	0.9589	  	 	 	0.9547	  	 	 	0.9501	  	 	 	0.9451	  	 	 	0.9395	  	 	 	0.9334	  	 	 	0.9265	  
	 	 	65	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  	 	 	0.9806	  	 	 	0.9786	  	 	 	0.9763	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9681	  	 	 	0.9649	  	 	 	0.9615	  	 	 	0.9576	  	 	 	0.9532	  	 	 	0.9484	  	 	 	0.9431	  	 	 	0.9373	  	 	 	0.9308	  
	 	 	66	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9836	  	 	 	0.9818	  	 	 	0.9800	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9703	  	 	 	0.9672	  	 	 	0.9639	  	 	 	0.9603	  	 	 	0.9562	  	 	 	0.9517	  	 	 	0.9467	  	 	 	0.9411	  	 	 	0.9350	  
	 	 	67	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9848	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9749	  	 	 	0.9723	  	 	 	0.9694	  	 	 	0.9663	  	 	 	0.9629	  	 	 	0.9590	  	 	 	0.9548	  	 	 	0.9501	  	 	 	0.9448	  	 	 	0.9390	  
	 	 	68	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9843	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9742	  	 	 	0.9715	  	 	 	0.9687	  	 	 	0.9654	  	 	 	0.9618	  	 	 	0.9578	  	 	 	0.9534	  	 	 	0.9485	  	 	 	0.9430	  
	 	 	69	  	 	 	0.9894	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9854	  	 	 	0.9839	  	 	 	0.9822	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9708	  	 	 	0.9678	  	 	 	0.9645	  	 	 	0.9608	  	 	 	0.9566	  	 	 	0.9520	  	 	 	0.9468	  
	 	 	70	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9670	  	 	 	0.9636	  	 	 	0.9596	  	 	 	0.9554	  	 	 	0.9505	  
	 	 	71	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9750	  	 	 	0.9724	  	 	 	0.9695	  	 	 	0.9663	  	 	 	0.9626	  	 	 	0.9586	  	 	 	0.9541	  
	 	 	72	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9859	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9745	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9654	  	 	 	0.9617	  	 	 	0.9574	  
	 	 	73	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  	 	 	0.9856	  	 	 	0.9841	  	 	 	0.9824	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9739	  	 	 	0.9713	  	 	 	0.9680	  	 	 	0.9647	  	 	 	0.9607	  
	 	 	74	  	 	 	0.9929	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9804	  	 	 	0.9783	  	 	 	0.9760	  	 	 	0.9735	  	 	 	0.9706	  	 	 	0.9675	  	 	 	0.9637	  
	 	 	75	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9780	  	 	 	0.9757	  	 	 	0.9730	  	 	 	0.9700	  	 	 	0.9666	  
	 	 	76	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9752	  	 	 	0.9725	  	 	 	0.9694	  
	 	 	77	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9773	  	 	 	0.9748	  	 	 	0.9720	  
	 	 	78	  	 	 	0.9951	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9831	  	 	 	0.9814	  	 	 	0.9793	  	 	 	0.9770	  	 	 	0.9744	  
	 	 	79	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9811	  	 	 	0.9791	  	 	 	0.9767	  
	 	 	80	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9949	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9828	  	 	 	0.9809	  	 	 	0.9787	  
	 	 	81	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9827	  	 	 	0.9806	  
	 	 	82	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9842	  	 	 	0.9824	  
	 	 	83	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9894	  	 	 	0.9884	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9841	  
	 	 	84	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9855	  
	 	 	85	  	 	 	0.9976	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  

  
 119 

 APPENDICES 
  

 Sub appendix A. 3 

Table B 
 100% Joint and
Survivor Without Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.7903	  	 	 	0.7777	  	 	 	0.7644	  	 	 	0.7507	  	 	 	0.7363	  	 	 	0.7214	  	 	 	0.7061	  	 	 	0.6902	  	 	 	0.6740	  	 	 	0.6573	  	 	 	0.6402	  	 	 	0.6229	  	 	 	0.6052	  	 	 	0.5873	  	 	 	0.5691	  	 	 	0.5507	  	 	 	0.5323	  
	 	 	26	  	 	 	0.7916	  	 	 	0.7789	  	 	 	0.7657	  	 	 	0.7520	  	 	 	0.7376	  	 	 	0.7227	  	 	 	0.7074	  	 	 	0.6915	  	 	 	0.6752	  	 	 	0.6584	  	 	 	0.6414	  	 	 	0.6240	  	 	 	0.6064	  	 	 	0.5884	  	 	 	0.5702	  	 	 	0.5518	  	 	 	0.5333	  
	 	 	27	  	 	 	0.7930	  	 	 	0.7803	  	 	 	0.7671	  	 	 	0.7534	  	 	 	0.7390	  	 	 	0.7241	  	 	 	0.7087	  	 	 	0.6928	  	 	 	0.6765	  	 	 	0.6598	  	 	 	0.6427	  	 	 	0.6253	  	 	 	0.6076	  	 	 	0.5896	  	 	 	0.5714	  	 	 	0.5529	  	 	 	0.5344	  
	 	 	28	  	 	 	0.7944	  	 	 	0.7818	  	 	 	0.7686	  	 	 	0.7548	  	 	 	0.7404	  	 	 	0.7255	  	 	 	0.7102	  	 	 	0.6942	  	 	 	0.6779	  	 	 	0.6611	  	 	 	0.6440	  	 	 	0.6266	  	 	 	0.6089	  	 	 	0.5909	  	 	 	0.5726	  	 	 	0.5541	  	 	 	0.5356	  
	 	 	29	  	 	 	0.7960	  	 	 	0.7834	  	 	 	0.7701	  	 	 	0.7564	  	 	 	0.7420	  	 	 	0.7270	  	 	 	0.7116	  	 	 	0.6957	  	 	 	0.6794	  	 	 	0.6626	  	 	 	0.6454	  	 	 	0.6280	  	 	 	0.6103	  	 	 	0.5922	  	 	 	0.5739	  	 	 	0.5554	  	 	 	0.5368	  
	 	 	30	  	 	 	0.7976	  	 	 	0.7851	  	 	 	0.7718	  	 	 	0.7580	  	 	 	0.7437	  	 	 	0.7287	  	 	 	0.7132	  	 	 	0.6973	  	 	 	0.6809	  	 	 	0.6641	  	 	 	0.6470	  	 	 	0.6295	  	 	 	0.6117	  	 	 	0.5936	  	 	 	0.5753	  	 	 	0.5567	  	 	 	0.5381	  
	 	 	31	  	 	 	0.7994	  	 	 	0.7868	  	 	 	0.7736	  	 	 	0.7598	  	 	 	0.7454	  	 	 	0.7304	  	 	 	0.7150	  	 	 	0.6990	  	 	 	0.6826	  	 	 	0.6658	  	 	 	0.6486	  	 	 	0.6311	  	 	 	0.6133	  	 	 	0.5952	  	 	 	0.5768	  	 	 	0.5582	  	 	 	0.5396	  
	 	 	32	  	 	 	0.8013	  	 	 	0.7887	  	 	 	0.7754	  	 	 	0.7616	  	 	 	0.7472	  	 	 	0.7322	  	 	 	0.7168	  	 	 	0.7008	  	 	 	0.6844	  	 	 	0.6675	  	 	 	0.6504	  	 	 	0.6328	  	 	 	0.6150	  	 	 	0.5968	  	 	 	0.5784	  	 	 	0.5598	  	 	 	0.5411	  
	 	 	33	  	 	 	0.8032	  	 	 	0.7906	  	 	 	0.7774	  	 	 	0.7636	  	 	 	0.7492	  	 	 	0.7342	  	 	 	0.7187	  	 	 	0.7027	  	 	 	0.6863	  	 	 	0.6694	  	 	 	0.6522	  	 	 	0.6346	  	 	 	0.6168	  	 	 	0.5986	  	 	 	0.5801	  	 	 	0.5614	  	 	 	0.5427	  
	 	 	34	  	 	 	0.8053	  	 	 	0.7926	  	 	 	0.7795	  	 	 	0.7657	  	 	 	0.7512	  	 	 	0.7362	  	 	 	0.7208	  	 	 	0.7047	  	 	 	0.6883	  	 	 	0.6714	  	 	 	0.6542	  	 	 	0.6365	  	 	 	0.6186	  	 	 	0.6004	  	 	 	0.5819	  	 	 	0.5632	  	 	 	0.5444	  
	 	 	35	  	 	 	0.8074	  	 	 	0.7949	  	 	 	0.7816	  	 	 	0.7679	  	 	 	0.7534	  	 	 	0.7384	  	 	 	0.7229	  	 	 	0.7069	  	 	 	0.6904	  	 	 	0.6735	  	 	 	0.6562	  	 	 	0.6386	  	 	 	0.6207	  	 	 	0.6024	  	 	 	0.5839	  	 	 	0.5651	  	 	 	0.5463	  
	 	 	36	  	 	 	0.8097	  	 	 	0.7972	  	 	 	0.7840	  	 	 	0.7701	  	 	 	0.7557	  	 	 	0.7407	  	 	 	0.7253	  	 	 	0.7092	  	 	 	0.6927	  	 	 	0.6757	  	 	 	0.6584	  	 	 	0.6408	  	 	 	0.6228	  	 	 	0.6045	  	 	 	0.5859	  	 	 	0.5670	  	 	 	0.5482	  
	 	 	37	  	 	 	0.8121	  	 	 	0.7996	  	 	 	0.7863	  	 	 	0.7726	  	 	 	0.7582	  	 	 	0.7431	  	 	 	0.7277	  	 	 	0.7116	  	 	 	0.6951	  	 	 	0.6781	  	 	 	0.6608	  	 	 	0.6431	  	 	 	0.6250	  	 	 	0.6067	  	 	 	0.5881	  	 	 	0.5692	  	 	 	0.5503	  
	 	 	38	  	 	 	0.8146	  	 	 	0.8021	  	 	 	0.7889	  	 	 	0.7752	  	 	 	0.7607	  	 	 	0.7458	  	 	 	0.7303	  	 	 	0.7142	  	 	 	0.6977	  	 	 	0.6806	  	 	 	0.6633	  	 	 	0.6455	  	 	 	0.6275	  	 	 	0.6091	  	 	 	0.5904	  	 	 	0.5715	  	 	 	0.5525	  
	 	 	39	  	 	 	0.8173	  	 	 	0.8048	  	 	 	0.7917	  	 	 	0.7779	  	 	 	0.7635	  	 	 	0.7485	  	 	 	0.7330	  	 	 	0.7169	  	 	 	0.7003	  	 	 	0.6833	  	 	 	0.6659	  	 	 	0.6481	  	 	 	0.6301	  	 	 	0.6116	  	 	 	0.5929	  	 	 	0.5739	  	 	 	0.5549	  
	 	 	40	  	 	 	0.8201	  	 	 	0.8076	  	 	 	0.7945	  	 	 	0.7808	  	 	 	0.7664	  	 	 	0.7514	  	 	 	0.7358	  	 	 	0.7198	  	 	 	0.7032	  	 	 	0.6861	  	 	 	0.6687	  	 	 	0.6509	  	 	 	0.6328	  	 	 	0.6143	  	 	 	0.5955	  	 	 	0.5765	  	 	 	0.5574	  
	 	 	41	  	 	 	0.8230	  	 	 	0.8106	  	 	 	0.7975	  	 	 	0.7838	  	 	 	0.7694	  	 	 	0.7544	  	 	 	0.7389	  	 	 	0.7228	  	 	 	0.7062	  	 	 	0.6891	  	 	 	0.6717	  	 	 	0.6538	  	 	 	0.6357	  	 	 	0.6172	  	 	 	0.5983	  	 	 	0.5792	  	 	 	0.5601	  
	 	 	42	  	 	 	0.8260	  	 	 	0.8137	  	 	 	0.8006	  	 	 	0.7869	  	 	 	0.7726	  	 	 	0.7576	  	 	 	0.7421	  	 	 	0.7259	  	 	 	0.7094	  	 	 	0.6923	  	 	 	0.6748	  	 	 	0.6570	  	 	 	0.6388	  	 	 	0.6202	  	 	 	0.6013	  	 	 	0.5821	  	 	 	0.5629	  
	 	 	43	  	 	 	0.8292	  	 	 	0.8169	  	 	 	0.8039	  	 	 	0.7902	  	 	 	0.7759	  	 	 	0.7609	  	 	 	0.7455	  	 	 	0.7294	  	 	 	0.7128	  	 	 	0.6956	  	 	 	0.6781	  	 	 	0.6603	  	 	 	0.6420	  	 	 	0.6234	  	 	 	0.6044	  	 	 	0.5852	  	 	 	0.5660	  
	 	 	44	  	 	 	0.8325	  	 	 	0.8203	  	 	 	0.8073	  	 	 	0.7937	  	 	 	0.7794	  	 	 	0.7645	  	 	 	0.7490	  	 	 	0.7329	  	 	 	0.7163	  	 	 	0.6992	  	 	 	0.6816	  	 	 	0.6637	  	 	 	0.6454	  	 	 	0.6267	  	 	 	0.6078	  	 	 	0.5885	  	 	 	0.5692	  
	 	 	45	  	 	 	0.8359	  	 	 	0.8237	  	 	 	0.8108	  	 	 	0.7973	  	 	 	0.7830	  	 	 	0.7681	  	 	 	0.7527	  	 	 	0.7366	  	 	 	0.7200	  	 	 	0.7029	  	 	 	0.6853	  	 	 	0.6674	  	 	 	0.6491	  	 	 	0.6303	  	 	 	0.6113	  	 	 	0.5919	  	 	 	0.5726	  
	 	 	46	  	 	 	0.8395	  	 	 	0.8274	  	 	 	0.8145	  	 	 	0.8011	  	 	 	0.7869	  	 	 	0.7720	  	 	 	0.7566	  	 	 	0.7405	  	 	 	0.7239	  	 	 	0.7068	  	 	 	0.6892	  	 	 	0.6713	  	 	 	0.6529	  	 	 	0.6341	  	 	 	0.6151	  	 	 	0.5956	  	 	 	0.5762	  
	 	 	47	  	 	 	0.8432	  	 	 	0.8312	  	 	 	0.8184	  	 	 	0.8050	  	 	 	0.7908	  	 	 	0.7760	  	 	 	0.7606	  	 	 	0.7446	  	 	 	0.7280	  	 	 	0.7109	  	 	 	0.6933	  	 	 	0.6754	  	 	 	0.6569	  	 	 	0.6381	  	 	 	0.6190	  	 	 	0.5995	  	 	 	0.5799	  
	 	 	48	  	 	 	0.8469	  	 	 	0.8351	  	 	 	0.8224	  	 	 	0.8091	  	 	 	0.7950	  	 	 	0.7803	  	 	 	0.7649	  	 	 	0.7489	  	 	 	0.7324	  	 	 	0.7152	  	 	 	0.6976	  	 	 	0.6796	  	 	 	0.6612	  	 	 	0.6423	  	 	 	0.6232	  	 	 	0.6036	  	 	 	0.5840	  
	 	 	49	  	 	 	0.8509	  	 	 	0.8391	  	 	 	0.8265	  	 	 	0.8133	  	 	 	0.7993	  	 	 	0.7846	  	 	 	0.7693	  	 	 	0.7534	  	 	 	0.7369	  	 	 	0.7197	  	 	 	0.7022	  	 	 	0.6841	  	 	 	0.6657	  	 	 	0.6468	  	 	 	0.6275	  	 	 	0.6079	  	 	 	0.5882	  
	 	 	50	  	 	 	0.8549	  	 	 	0.8433	  	 	 	0.8308	  	 	 	0.8177	  	 	 	0.8038	  	 	 	0.7892	  	 	 	0.7739	  	 	 	0.7580	  	 	 	0.7416	  	 	 	0.7244	  	 	 	0.7069	  	 	 	0.6889	  	 	 	0.6704	  	 	 	0.6515	  	 	 	0.6321	  	 	 	0.6125	  	 	 	0.5927	  
	 	 	51	  	 	 	0.8591	  	 	 	0.8475	  	 	 	0.8352	  	 	 	0.8222	  	 	 	0.8084	  	 	 	0.7939	  	 	 	0.7787	  	 	 	0.7629	  	 	 	0.7465	  	 	 	0.7294	  	 	 	0.7118	  	 	 	0.6938	  	 	 	0.6754	  	 	 	0.6564	  	 	 	0.6370	  	 	 	0.6173	  	 	 	0.5975	  
	 	 	52	  	 	 	0.8633	  	 	 	0.8519	  	 	 	0.8398	  	 	 	0.8269	  	 	 	0.8132	  	 	 	0.7988	  	 	 	0.7838	  	 	 	0.7680	  	 	 	0.7516	  	 	 	0.7346	  	 	 	0.7171	  	 	 	0.6990	  	 	 	0.6805	  	 	 	0.6616	  	 	 	0.6422	  	 	 	0.6224	  	 	 	0.6025	  
	 	 	53	  	 	 	0.8677	  	 	 	0.8565	  	 	 	0.8444	  	 	 	0.8317	  	 	 	0.8182	  	 	 	0.8039	  	 	 	0.7890	  	 	 	0.7733	  	 	 	0.7570	  	 	 	0.7400	  	 	 	0.7225	  	 	 	0.7045	  	 	 	0.6860	  	 	 	0.6670	  	 	 	0.6476	  	 	 	0.6278	  	 	 	0.6078	  
	 	 	54	  	 	 	0.8721	  	 	 	0.8611	  	 	 	0.8492	  	 	 	0.8367	  	 	 	0.8233	  	 	 	0.8092	  	 	 	0.7944	  	 	 	0.7788	  	 	 	0.7626	  	 	 	0.7457	  	 	 	0.7282	  	 	 	0.7103	  	 	 	0.6918	  	 	 	0.6728	  	 	 	0.6533	  	 	 	0.6334	  	 	 	0.6134	  
	 	 	55	  	 	 	0.8766	  	 	 	0.8658	  	 	 	0.8542	  	 	 	0.8418	  	 	 	0.8286	  	 	 	0.8146	  	 	 	0.7999	  	 	 	0.7845	  	 	 	0.7684	  	 	 	0.7515	  	 	 	0.7342	  	 	 	0.7163	  	 	 	0.6978	  	 	 	0.6789	  	 	 	0.6594	  	 	 	0.6395	  	 	 	0.6194	  

  
 120 

 APPENDICES 
  

 Sub appendix A. 3 

Table B 
 100% Joint and
Survivor Without Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
  
  

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.8812	  	 	 	0.8706	  	 	 	0.8592	  	 	 	0.8470	  	 	 	0.8340	  	 	 	0.8202	  	 	 	0.8057	  	 	 	0.7904	  	 	 	0.7744	  	 	 	0.7577	  	 	 	0.7404	  	 	 	0.7226	  	 	 	0.7042	  	 	 	0.6852	  	 	 	0.6657	  	 	 	0.6457	  	 	 	0.6256	  
	 	 	57	  	 	 	0.8859	  	 	 	0.8755	  	 	 	0.8643	  	 	 	0.8524	  	 	 	0.8396	  	 	 	0.8260	  	 	 	0.8117	  	 	 	0.7965	  	 	 	0.7807	  	 	 	0.7641	  	 	 	0.7469	  	 	 	0.7292	  	 	 	0.7108	  	 	 	0.6919	  	 	 	0.6724	  	 	 	0.6524	  	 	 	0.6322	  
	 	 	58	  	 	 	0.8905	  	 	 	0.8804	  	 	 	0.8696	  	 	 	0.8578	  	 	 	0.8453	  	 	 	0.8319	  	 	 	0.8178	  	 	 	0.8028	  	 	 	0.7872	  	 	 	0.7708	  	 	 	0.7537	  	 	 	0.7360	  	 	 	0.7177	  	 	 	0.6988	  	 	 	0.6794	  	 	 	0.6594	  	 	 	0.6392	  
	 	 	59	  	 	 	0.8953	  	 	 	0.8855	  	 	 	0.8748	  	 	 	0.8634	  	 	 	0.8510	  	 	 	0.8380	  	 	 	0.8241	  	 	 	0.8093	  	 	 	0.7938	  	 	 	0.7776	  	 	 	0.7607	  	 	 	0.7432	  	 	 	0.7250	  	 	 	0.7061	  	 	 	0.6867	  	 	 	0.6668	  	 	 	0.6466	  
	 	 	60	  	 	 	0.9001	  	 	 	0.8905	  	 	 	0.8802	  	 	 	0.8690	  	 	 	0.8570	  	 	 	0.8441	  	 	 	0.8305	  	 	 	0.8160	  	 	 	0.8008	  	 	 	0.7847	  	 	 	0.7680	  	 	 	0.7505	  	 	 	0.7325	  	 	 	0.7138	  	 	 	0.6944	  	 	 	0.6745	  	 	 	0.6543	  
	 	 	61	  	 	 	0.9048	  	 	 	0.8956	  	 	 	0.8855	  	 	 	0.8747	  	 	 	0.8629	  	 	 	0.8504	  	 	 	0.8371	  	 	 	0.8228	  	 	 	0.8078	  	 	 	0.7919	  	 	 	0.7754	  	 	 	0.7582	  	 	 	0.7403	  	 	 	0.7216	  	 	 	0.7024	  	 	 	0.6825	  	 	 	0.6624	  
	 	 	62	  	 	 	0.9096	  	 	 	0.9007	  	 	 	0.8909	  	 	 	0.8804	  	 	 	0.8690	  	 	 	0.8567	  	 	 	0.8437	  	 	 	0.8297	  	 	 	0.8150	  	 	 	0.7994	  	 	 	0.7831	  	 	 	0.7661	  	 	 	0.7484	  	 	 	0.7299	  	 	 	0.7107	  	 	 	0.6910	  	 	 	0.6708	  
	 	 	63	  	 	 	0.9143	  	 	 	0.9057	  	 	 	0.8963	  	 	 	0.8861	  	 	 	0.8750	  	 	 	0.8632	  	 	 	0.8504	  	 	 	0.8367	  	 	 	0.8224	  	 	 	0.8071	  	 	 	0.7910	  	 	 	0.7742	  	 	 	0.7567	  	 	 	0.7383	  	 	 	0.7194	  	 	 	0.6997	  	 	 	0.6796	  
	 	 	64	  	 	 	0.9190	  	 	 	0.9108	  	 	 	0.9017	  	 	 	0.8918	  	 	 	0.8812	  	 	 	0.8696	  	 	 	0.8572	  	 	 	0.8439	  	 	 	0.8298	  	 	 	0.8148	  	 	 	0.7991	  	 	 	0.7825	  	 	 	0.7652	  	 	 	0.7471	  	 	 	0.7283	  	 	 	0.7087	  	 	 	0.6888	  
	 	 	65	  	 	 	0.9236	  	 	 	0.9157	  	 	 	0.9070	  	 	 	0.8975	  	 	 	0.8872	  	 	 	0.8760	  	 	 	0.8640	  	 	 	0.8511	  	 	 	0.8374	  	 	 	0.8227	  	 	 	0.8073	  	 	 	0.7911	  	 	 	0.7740	  	 	 	0.7561	  	 	 	0.7375	  	 	 	0.7181	  	 	 	0.6983	  
	 	 	66	  	 	 	0.9281	  	 	 	0.9206	  	 	 	0.9122	  	 	 	0.9032	  	 	 	0.8932	  	 	 	0.8824	  	 	 	0.8708	  	 	 	0.8583	  	 	 	0.8449	  	 	 	0.8307	  	 	 	0.8155	  	 	 	0.7997	  	 	 	0.7829	  	 	 	0.7653	  	 	 	0.7470	  	 	 	0.7277	  	 	 	0.7081	  
	 	 	67	  	 	 	0.9325	  	 	 	0.9254	  	 	 	0.9174	  	 	 	0.9087	  	 	 	0.8992	  	 	 	0.8888	  	 	 	0.8776	  	 	 	0.8655	  	 	 	0.8525	  	 	 	0.8386	  	 	 	0.8239	  	 	 	0.8084	  	 	 	0.7920	  	 	 	0.7747	  	 	 	0.7566	  	 	 	0.7376	  	 	 	0.7182	  
	 	 	68	  	 	 	0.9368	  	 	 	0.9300	  	 	 	0.9224	  	 	 	0.9142	  	 	 	0.9051	  	 	 	0.8951	  	 	 	0.8843	  	 	 	0.8727	  	 	 	0.8601	  	 	 	0.8466	  	 	 	0.8324	  	 	 	0.8172	  	 	 	0.8012	  	 	 	0.7842	  	 	 	0.7664	  	 	 	0.7478	  	 	 	0.7285	  
	 	 	69	  	 	 	0.9409	  	 	 	0.9346	  	 	 	0.9274	  	 	 	0.9195	  	 	 	0.9108	  	 	 	0.9013	  	 	 	0.8910	  	 	 	0.8797	  	 	 	0.8677	  	 	 	0.8546	  	 	 	0.8408	  	 	 	0.8260	  	 	 	0.8104	  	 	 	0.7938	  	 	 	0.7764	  	 	 	0.7580	  	 	 	0.7390	  
	 	 	70	  	 	 	0.9450	  	 	 	0.9389	  	 	 	0.9322	  	 	 	0.9247	  	 	 	0.9164	  	 	 	0.9073	  	 	 	0.8976	  	 	 	0.8867	  	 	 	0.8751	  	 	 	0.8625	  	 	 	0.8491	  	 	 	0.8349	  	 	 	0.8197	  	 	 	0.8036	  	 	 	0.7865	  	 	 	0.7684	  	 	 	0.7498	  
	 	 	71	  	 	 	0.9489	  	 	 	0.9432	  	 	 	0.9368	  	 	 	0.9298	  	 	 	0.9220	  	 	 	0.9133	  	 	 	0.9039	  	 	 	0.8936	  	 	 	0.8825	  	 	 	0.8704	  	 	 	0.8575	  	 	 	0.8437	  	 	 	0.8290	  	 	 	0.8132	  	 	 	0.7966	  	 	 	0.7790	  	 	 	0.7607	  
	 	 	72	  	 	 	0.9526	  	 	 	0.9473	  	 	 	0.9413	  	 	 	0.9347	  	 	 	0.9272	  	 	 	0.9191	  	 	 	0.9102	  	 	 	0.9004	  	 	 	0.8897	  	 	 	0.8782	  	 	 	0.8658	  	 	 	0.8525	  	 	 	0.8382	  	 	 	0.8231	  	 	 	0.8069	  	 	 	0.7896	  	 	 	0.7717	  
	 	 	73	  	 	 	0.9562	  	 	 	0.9512	  	 	 	0.9456	  	 	 	0.9394	  	 	 	0.9324	  	 	 	0.9247	  	 	 	0.9162	  	 	 	0.9069	  	 	 	0.8969	  	 	 	0.8858	  	 	 	0.8739	  	 	 	0.8612	  	 	 	0.8474	  	 	 	0.8328	  	 	 	0.8170	  	 	 	0.8003	  	 	 	0.7829	  
	 	 	74	  	 	 	0.9595	  	 	 	0.9549	  	 	 	0.9497	  	 	 	0.9439	  	 	 	0.9374	  	 	 	0.9301	  	 	 	0.9222	  	 	 	0.9133	  	 	 	0.9037	  	 	 	0.8932	  	 	 	0.8819	  	 	 	0.8697	  	 	 	0.8565	  	 	 	0.8423	  	 	 	0.8271	  	 	 	0.8110	  	 	 	0.7940	  
	 	 	75	  	 	 	0.9628	  	 	 	0.9585	  	 	 	0.9536	  	 	 	0.9482	  	 	 	0.9421	  	 	 	0.9352	  	 	 	0.9278	  	 	 	0.9195	  	 	 	0.9104	  	 	 	0.9004	  	 	 	0.8897	  	 	 	0.8780	  	 	 	0.8654	  	 	 	0.8519	  	 	 	0.8373	  	 	 	0.8216	  	 	 	0.8051	  
	 	 	76	  	 	 	0.9658	  	 	 	0.9618	  	 	 	0.9573	  	 	 	0.9523	  	 	 	0.9466	  	 	 	0.9402	  	 	 	0.9332	  	 	 	0.9254	  	 	 	0.9169	  	 	 	0.9074	  	 	 	0.8973	  	 	 	0.8862	  	 	 	0.8742	  	 	 	0.8611	  	 	 	0.8471	  	 	 	0.8320	  	 	 	0.8161	  
	 	 	77	  	 	 	0.9687	  	 	 	0.9650	  	 	 	0.9608	  	 	 	0.9561	  	 	 	0.9508	  	 	 	0.9450	  	 	 	0.9384	  	 	 	0.9311	  	 	 	0.9230	  	 	 	0.9142	  	 	 	0.9045	  	 	 	0.8940	  	 	 	0.8826	  	 	 	0.8702	  	 	 	0.8568	  	 	 	0.8423	  	 	 	0.8269	  
	 	 	78	  	 	 	0.9713	  	 	 	0.9680	  	 	 	0.9641	  	 	 	0.9598	  	 	 	0.9548	  	 	 	0.9494	  	 	 	0.9433	  	 	 	0.9364	  	 	 	0.9290	  	 	 	0.9206	  	 	 	0.9115	  	 	 	0.9016	  	 	 	0.8908	  	 	 	0.8790	  	 	 	0.8662	  	 	 	0.8523	  	 	 	0.8376	  
	 	 	79	  	 	 	0.9738	  	 	 	0.9708	  	 	 	0.9672	  	 	 	0.9632	  	 	 	0.9586	  	 	 	0.9536	  	 	 	0.9479	  	 	 	0.9415	  	 	 	0.9345	  	 	 	0.9267	  	 	 	0.9182	  	 	 	0.9088	  	 	 	0.8986	  	 	 	0.8875	  	 	 	0.8753	  	 	 	0.8620	  	 	 	0.8480	  
	 	 	80	  	 	 	0.9761	  	 	 	0.9733	  	 	 	0.9700	  	 	 	0.9664	  	 	 	0.9622	  	 	 	0.9575	  	 	 	0.9522	  	 	 	0.9463	  	 	 	0.9398	  	 	 	0.9325	  	 	 	0.9246	  	 	 	0.9158	  	 	 	0.9062	  	 	 	0.8956	  	 	 	0.8841	  	 	 	0.8715	  	 	 	0.8580	  
	 	 	81	  	 	 	0.9783	  	 	 	0.9757	  	 	 	0.9728	  	 	 	0.9694	  	 	 	0.9655	  	 	 	0.9612	  	 	 	0.9563	  	 	 	0.9509	  	 	 	0.9448	  	 	 	0.9380	  	 	 	0.9306	  	 	 	0.9223	  	 	 	0.9133	  	 	 	0.9034	  	 	 	0.8925	  	 	 	0.8806	  	 	 	0.8678	  
	 	 	82	  	 	 	0.9803	  	 	 	0.9779	  	 	 	0.9752	  	 	 	0.9722	  	 	 	0.9686	  	 	 	0.9646	  	 	 	0.9602	  	 	 	0.9551	  	 	 	0.9494	  	 	 	0.9432	  	 	 	0.9362	  	 	 	0.9286	  	 	 	0.9201	  	 	 	0.9108	  	 	 	0.9006	  	 	 	0.8893	  	 	 	0.8771	  
	 	 	83	  	 	 	0.9821	  	 	 	0.9800	  	 	 	0.9775	  	 	 	0.9747	  	 	 	0.9715	  	 	 	0.9678	  	 	 	0.9637	  	 	 	0.9590	  	 	 	0.9538	  	 	 	0.9480	  	 	 	0.9416	  	 	 	0.9345	  	 	 	0.9266	  	 	 	0.9179	  	 	 	0.9083	  	 	 	0.8976	  	 	 	0.8863	  
	 	 	84	  	 	 	0.9839	  	 	 	0.9819	  	 	 	0.9796	  	 	 	0.9770	  	 	 	0.9741	  	 	 	0.9708	  	 	 	0.9670	  	 	 	0.9627	  	 	 	0.9579	  	 	 	0.9526	  	 	 	0.9466	  	 	 	0.9401	  	 	 	0.9327	  	 	 	0.9246	  	 	 	0.9157	  	 	 	0.9056	  	 	 	0.8949	  
	 	 	85	  	 	 	0.9854	  	 	 	0.9836	  	 	 	0.9815	  	 	 	0.9792	  	 	 	0.9766	  	 	 	0.9735	  	 	 	0.9701	  	 	 	0.9662	  	 	 	0.9618	  	 	 	0.9568	  	 	 	0.9514	  	 	 	0.9453	  	 	 	0.9385	  	 	 	0.9309	  	 	 	0.9226	  	 	 	0.9133	  	 	 	0.9032	  

  
 121 

 APPENDICES 

TABLE C 
 Sub appendix A.
3 
 Table C 
 100%
Joint and Survivor With Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
  
  

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	25	  	 	 	0.9818	  	 	 	0.9803	  	 	 	0.9787	  	 	 	0.9768	  	 	 	0.9750	  	 	 	0.9728	  	 	 	0.9705	  	 	 	0.9681	  	 	 	0.9654	  	 	 	0.9626	  	 	 	0.9595	  	 	 	0.9562	  	 	 	0.9526	  	 	 	0.9488	  	 	 	0.9447	  	 	 	0.9403	  	 	 	0.9356	  
	 	 	26	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9792	  	 	 	0.9774	  	 	 	0.9756	  	 	 	0.9735	  	 	 	0.9711	  	 	 	0.9688	  	 	 	0.9661	  	 	 	0.9633	  	 	 	0.9603	  	 	 	0.9570	  	 	 	0.9535	  	 	 	0.9497	  	 	 	0.9456	  	 	 	0.9413	  	 	 	0.9366	  
	 	 	27	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9780	  	 	 	0.9761	  	 	 	0.9741	  	 	 	0.9718	  	 	 	0.9695	  	 	 	0.9668	  	 	 	0.9641	  	 	 	0.9611	  	 	 	0.9578	  	 	 	0.9543	  	 	 	0.9506	  	 	 	0.9466	  	 	 	0.9423	  	 	 	0.9376	  
	 	 	28	  	 	 	0.9832	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9785	  	 	 	0.9767	  	 	 	0.9747	  	 	 	0.9725	  	 	 	0.9702	  	 	 	0.9676	  	 	 	0.9649	  	 	 	0.9619	  	 	 	0.9586	  	 	 	0.9552	  	 	 	0.9515	  	 	 	0.9475	  	 	 	0.9432	  	 	 	0.9386	  
	 	 	29	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9773	  	 	 	0.9753	  	 	 	0.9732	  	 	 	0.9709	  	 	 	0.9683	  	 	 	0.9657	  	 	 	0.9628	  	 	 	0.9596	  	 	 	0.9562	  	 	 	0.9525	  	 	 	0.9486	  	 	 	0.9443	  	 	 	0.9397	  
	 	 	30	  	 	 	0.9841	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9796	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9738	  	 	 	0.9716	  	 	 	0.9691	  	 	 	0.9665	  	 	 	0.9636	  	 	 	0.9605	  	 	 	0.9571	  	 	 	0.9535	  	 	 	0.9496	  	 	 	0.9454	  	 	 	0.9408	  
	 	 	31	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9699	  	 	 	0.9673	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9581	  	 	 	0.9545	  	 	 	0.9506	  	 	 	0.9464	  	 	 	0.9420	  
	 	 	32	  	 	 	0.9851	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9773	  	 	 	0.9752	  	 	 	0.9731	  	 	 	0.9707	  	 	 	0.9681	  	 	 	0.9653	  	 	 	0.9623	  	 	 	0.9591	  	 	 	0.9555	  	 	 	0.9517	  	 	 	0.9476	  	 	 	0.9431	  
	 	 	33	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9813	  	 	 	0.9797	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9738	  	 	 	0.9715	  	 	 	0.9690	  	 	 	0.9662	  	 	 	0.9633	  	 	 	0.9600	  	 	 	0.9565	  	 	 	0.9528	  	 	 	0.9488	  	 	 	0.9443	  
	 	 	34	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9804	  	 	 	0.9786	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9698	  	 	 	0.9671	  	 	 	0.9642	  	 	 	0.9610	  	 	 	0.9576	  	 	 	0.9539	  	 	 	0.9499	  	 	 	0.9456	  
	 	 	35	  	 	 	0.9864	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9809	  	 	 	0.9792	  	 	 	0.9773	  	 	 	0.9753	  	 	 	0.9730	  	 	 	0.9706	  	 	 	0.9680	  	 	 	0.9651	  	 	 	0.9620	  	 	 	0.9587	  	 	 	0.9551	  	 	 	0.9511	  	 	 	0.9469	  
	 	 	36	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9815	  	 	 	0.9799	  	 	 	0.9779	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9715	  	 	 	0.9689	  	 	 	0.9661	  	 	 	0.9630	  	 	 	0.9598	  	 	 	0.9562	  	 	 	0.9523	  	 	 	0.9481	  
	 	 	37	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9835	  	 	 	0.9821	  	 	 	0.9805	  	 	 	0.9787	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9698	  	 	 	0.9670	  	 	 	0.9641	  	 	 	0.9609	  	 	 	0.9573	  	 	 	0.9536	  	 	 	0.9494	  
	 	 	38	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9732	  	 	 	0.9707	  	 	 	0.9681	  	 	 	0.9651	  	 	 	0.9619	  	 	 	0.9585	  	 	 	0.9548	  	 	 	0.9507	  
	 	 	39	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9833	  	 	 	0.9817	  	 	 	0.9800	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9740	  	 	 	0.9716	  	 	 	0.9690	  	 	 	0.9661	  	 	 	0.9631	  	 	 	0.9597	  	 	 	0.9560	  	 	 	0.9520	  
	 	 	40	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9725	  	 	 	0.9699	  	 	 	0.9672	  	 	 	0.9642	  	 	 	0.9608	  	 	 	0.9573	  	 	 	0.9533	  
	 	 	41	  	 	 	0.9887	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9843	  	 	 	0.9829	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9777	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9709	  	 	 	0.9682	  	 	 	0.9653	  	 	 	0.9621	  	 	 	0.9585	  	 	 	0.9547	  
	 	 	42	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9803	  	 	 	0.9785	  	 	 	0.9765	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9663	  	 	 	0.9632	  	 	 	0.9598	  	 	 	0.9560	  
	 	 	43	  	 	 	0.9895	  	 	 	0.9887	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9810	  	 	 	0.9792	  	 	 	0.9773	  	 	 	0.9752	  	 	 	0.9728	  	 	 	0.9702	  	 	 	0.9674	  	 	 	0.9644	  	 	 	0.9610	  	 	 	0.9573	  
	 	 	44	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9781	  	 	 	0.9760	  	 	 	0.9737	  	 	 	0.9713	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9623	  	 	 	0.9587	  
	 	 	45	  	 	 	0.9903	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9823	  	 	 	0.9806	  	 	 	0.9789	  	 	 	0.9768	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9696	  	 	 	0.9667	  	 	 	0.9635	  	 	 	0.9600	  
	 	 	46	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9869	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9732	  	 	 	0.9707	  	 	 	0.9679	  	 	 	0.9648	  	 	 	0.9614	  
	 	 	47	  	 	 	0.9909	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9742	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9627	  
	 	 	48	  	 	 	0.9912	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9793	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9701	  	 	 	0.9672	  	 	 	0.9640	  
	 	 	49	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9884	  	 	 	0.9873	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9653	  
	 	 	50	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9888	  	 	 	0.9877	  	 	 	0.9866	  	 	 	0.9854	  	 	 	0.9840	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9747	  	 	 	0.9722	  	 	 	0.9695	  	 	 	0.9665	  
	 	 	51	  	 	 	0.9922	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9892	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9778	  	 	 	0.9758	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9677	  
	 	 	52	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9866	  	 	 	0.9852	  	 	 	0.9839	  	 	 	0.9824	  	 	 	0.9806	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9690	  
	 	 	53	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9871	  	 	 	0.9858	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9814	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9729	  	 	 	0.9702	  
	 	 	54	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9764	  	 	 	0.9740	  	 	 	0.9714	  
	 	 	55	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9726	  

  
 122 

 APPENDICES 

Sub appendix A. 3 
 Table
C 
 100% Joint and Survivor With Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	  
  
  

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9737	  
	 	 	57	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9928	  	 	 	0.9922	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9771	  	 	 	0.9748	  
	 	 	58	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9864	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9781	  	 	 	0.9758	  
	 	 	59	  	 	 	0.9943	  	 	 	0.9939	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9810	  	 	 	0.9790	  	 	 	0.9769	  
	 	 	60	  	 	 	0.9945	  	 	 	0.9941	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9818	  	 	 	0.9799	  	 	 	0.9779	  
	 	 	61	  	 	 	0.9947	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9856	  	 	 	0.9842	  	 	 	0.9827	  	 	 	0.9808	  	 	 	0.9788	  
	 	 	62	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9862	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9798	  
	 	 	63	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9807	  
	 	 	64	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9886	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9834	  	 	 	0.9816	  
	 	 	65	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9825	  
	 	 	66	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9897	  	 	 	0.9886	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9833	  
	 	 	67	  	 	 	0.9959	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  	 	 	0.9841	  
	 	 	68	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9864	  	 	 	0.9849	  
	 	 	69	  	 	 	0.9963	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9857	  
	 	 	70	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9941	  	 	 	0.9935	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9888	  	 	 	0.9876	  	 	 	0.9864	  
	 	 	71	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9894	  	 	 	0.9883	  	 	 	0.9870	  
	 	 	72	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9889	  	 	 	0.9877	  
	 	 	73	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9883	  
	 	 	74	  	 	 	0.9970	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9900	  	 	 	0.9890	  
	 	 	75	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  
	 	 	76	  	 	 	0.9973	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9957	  	 	 	0.9952	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  
	 	 	77	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  
	 	 	78	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  
	 	 	79	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9917	  
	 	 	80	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9921	  
	 	 	81	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9933	  	 	 	0.9925	  
	 	 	82	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9930	  
	 	 	83	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9940	  	 	 	0.9934	  
	 	 	84	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9938	  
	 	 	85	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9941	  

  
 123 

 APPENDICES 
  

 Sub appendix A. 3 

Table C 
 100% Joint and
Survivor With Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	25	  	 	 	0.9307	  	 	 	0.9254	  	 	 	0.9198	  	 	 	0.9138	  	 	 	0.9075	  	 	 	0.9009	  	 	 	0.8938	  	 	 	0.8866	  	 	 	0.8789	  	 	 	0.8708	  	 	 	0.8623	  	 	 	0.8534	  	 	 	0.8440	  	 	 	0.8342	  	 	 	0.8238	  	 	 	0.8129	  	 	 	0.8014	  
	 	 	26	  	 	 	0.9317	  	 	 	0.9264	  	 	 	0.9208	  	 	 	0.9148	  	 	 	0.9086	  	 	 	0.9020	  	 	 	0.8950	  	 	 	0.8877	  	 	 	0.8800	  	 	 	0.8720	  	 	 	0.8636	  	 	 	0.8546	  	 	 	0.8452	  	 	 	0.8354	  	 	 	0.8250	  	 	 	0.8141	  	 	 	0.8027	  
	 	 	27	  	 	 	0.9327	  	 	 	0.9275	  	 	 	0.9219	  	 	 	0.9159	  	 	 	0.9097	  	 	 	0.9031	  	 	 	0.8962	  	 	 	0.8889	  	 	 	0.8813	  	 	 	0.8732	  	 	 	0.8648	  	 	 	0.8560	  	 	 	0.8465	  	 	 	0.8367	  	 	 	0.8263	  	 	 	0.8155	  	 	 	0.8040	  
	 	 	28	  	 	 	0.9338	  	 	 	0.9286	  	 	 	0.9230	  	 	 	0.9171	  	 	 	0.9110	  	 	 	0.9044	  	 	 	0.8975	  	 	 	0.8902	  	 	 	0.8826	  	 	 	0.8745	  	 	 	0.8662	  	 	 	0.8573	  	 	 	0.8479	  	 	 	0.8381	  	 	 	0.8277	  	 	 	0.8168	  	 	 	0.8053	  
	 	 	29	  	 	 	0.9349	  	 	 	0.9298	  	 	 	0.9242	  	 	 	0.9184	  	 	 	0.9122	  	 	 	0.9057	  	 	 	0.8987	  	 	 	0.8916	  	 	 	0.8840	  	 	 	0.8760	  	 	 	0.8675	  	 	 	0.8587	  	 	 	0.8493	  	 	 	0.8396	  	 	 	0.8292	  	 	 	0.8183	  	 	 	0.8068	  
	 	 	30	  	 	 	0.9361	  	 	 	0.9309	  	 	 	0.9255	  	 	 	0.9196	  	 	 	0.9135	  	 	 	0.9070	  	 	 	0.9001	  	 	 	0.8930	  	 	 	0.8853	  	 	 	0.8774	  	 	 	0.8690	  	 	 	0.8602	  	 	 	0.8508	  	 	 	0.8411	  	 	 	0.8307	  	 	 	0.8198	  	 	 	0.8084	  
	 	 	31	  	 	 	0.9372	  	 	 	0.9322	  	 	 	0.9267	  	 	 	0.9209	  	 	 	0.9149	  	 	 	0.9084	  	 	 	0.9016	  	 	 	0.8944	  	 	 	0.8869	  	 	 	0.8789	  	 	 	0.8706	  	 	 	0.8618	  	 	 	0.8524	  	 	 	0.8426	  	 	 	0.8323	  	 	 	0.8215	  	 	 	0.8100	  
	 	 	32	  	 	 	0.9385	  	 	 	0.9334	  	 	 	0.9280	  	 	 	0.9222	  	 	 	0.9162	  	 	 	0.9099	  	 	 	0.9030	  	 	 	0.8959	  	 	 	0.8884	  	 	 	0.8805	  	 	 	0.8722	  	 	 	0.8634	  	 	 	0.8540	  	 	 	0.8443	  	 	 	0.8340	  	 	 	0.8231	  	 	 	0.8117	  
	 	 	33	  	 	 	0.9398	  	 	 	0.9347	  	 	 	0.9294	  	 	 	0.9237	  	 	 	0.9177	  	 	 	0.9114	  	 	 	0.9046	  	 	 	0.8975	  	 	 	0.8900	  	 	 	0.8821	  	 	 	0.8738	  	 	 	0.8651	  	 	 	0.8558	  	 	 	0.8461	  	 	 	0.8357	  	 	 	0.8249	  	 	 	0.8135	  
	 	 	34	  	 	 	0.9410	  	 	 	0.9361	  	 	 	0.9308	  	 	 	0.9251	  	 	 	0.9192	  	 	 	0.9129	  	 	 	0.9061	  	 	 	0.8991	  	 	 	0.8917	  	 	 	0.8838	  	 	 	0.8756	  	 	 	0.8669	  	 	 	0.8576	  	 	 	0.8479	  	 	 	0.8376	  	 	 	0.8269	  	 	 	0.8154	  
	 	 	35	  	 	 	0.9423	  	 	 	0.9374	  	 	 	0.9322	  	 	 	0.9266	  	 	 	0.9207	  	 	 	0.9145	  	 	 	0.9078	  	 	 	0.9008	  	 	 	0.8934	  	 	 	0.8856	  	 	 	0.8774	  	 	 	0.8687	  	 	 	0.8595	  	 	 	0.8499	  	 	 	0.8396	  	 	 	0.8288	  	 	 	0.8174	  
	 	 	36	  	 	 	0.9437	  	 	 	0.9388	  	 	 	0.9336	  	 	 	0.9281	  	 	 	0.9223	  	 	 	0.9161	  	 	 	0.9095	  	 	 	0.9026	  	 	 	0.8952	  	 	 	0.8874	  	 	 	0.8793	  	 	 	0.8707	  	 	 	0.8615	  	 	 	0.8518	  	 	 	0.8416	  	 	 	0.8309	  	 	 	0.8195	  
	 	 	37	  	 	 	0.9450	  	 	 	0.9403	  	 	 	0.9352	  	 	 	0.9296	  	 	 	0.9239	  	 	 	0.9178	  	 	 	0.9112	  	 	 	0.9044	  	 	 	0.8971	  	 	 	0.8894	  	 	 	0.8813	  	 	 	0.8726	  	 	 	0.8635	  	 	 	0.8540	  	 	 	0.8437	  	 	 	0.8330	  	 	 	0.8216	  
	 	 	38	  	 	 	0.9464	  	 	 	0.9417	  	 	 	0.9366	  	 	 	0.9312	  	 	 	0.9256	  	 	 	0.9195	  	 	 	0.9130	  	 	 	0.9062	  	 	 	0.8990	  	 	 	0.8914	  	 	 	0.8833	  	 	 	0.8748	  	 	 	0.8656	  	 	 	0.8561	  	 	 	0.8460	  	 	 	0.8353	  	 	 	0.8240	  
	 	 	39	  	 	 	0.9478	  	 	 	0.9431	  	 	 	0.9382	  	 	 	0.9329	  	 	 	0.9273	  	 	 	0.9212	  	 	 	0.9149	  	 	 	0.9081	  	 	 	0.9009	  	 	 	0.8934	  	 	 	0.8854	  	 	 	0.8769	  	 	 	0.8679	  	 	 	0.8584	  	 	 	0.8483	  	 	 	0.8376	  	 	 	0.8263	  
	 	 	40	  	 	 	0.9492	  	 	 	0.9446	  	 	 	0.9398	  	 	 	0.9345	  	 	 	0.9290	  	 	 	0.9231	  	 	 	0.9168	  	 	 	0.9101	  	 	 	0.9030	  	 	 	0.8955	  	 	 	0.8876	  	 	 	0.8791	  	 	 	0.8702	  	 	 	0.8607	  	 	 	0.8507	  	 	 	0.8401	  	 	 	0.8288	  
	 	 	41	  	 	 	0.9506	  	 	 	0.9461	  	 	 	0.9414	  	 	 	0.9362	  	 	 	0.9308	  	 	 	0.9249	  	 	 	0.9187	  	 	 	0.9121	  	 	 	0.9050	  	 	 	0.8976	  	 	 	0.8898	  	 	 	0.8814	  	 	 	0.8725	  	 	 	0.8632	  	 	 	0.8531	  	 	 	0.8426	  	 	 	0.8314	  
	 	 	42	  	 	 	0.9521	  	 	 	0.9477	  	 	 	0.9430	  	 	 	0.9379	  	 	 	0.9325	  	 	 	0.9268	  	 	 	0.9207	  	 	 	0.9142	  	 	 	0.9072	  	 	 	0.8999	  	 	 	0.8921	  	 	 	0.8839	  	 	 	0.8750	  	 	 	0.8657	  	 	 	0.8557	  	 	 	0.8452	  	 	 	0.8341	  
	 	 	43	  	 	 	0.9535	  	 	 	0.9492	  	 	 	0.9446	  	 	 	0.9396	  	 	 	0.9343	  	 	 	0.9287	  	 	 	0.9226	  	 	 	0.9162	  	 	 	0.9094	  	 	 	0.9021	  	 	 	0.8944	  	 	 	0.8863	  	 	 	0.8775	  	 	 	0.8683	  	 	 	0.8584	  	 	 	0.8480	  	 	 	0.8369	  
	 	 	44	  	 	 	0.9549	  	 	 	0.9507	  	 	 	0.9462	  	 	 	0.9413	  	 	 	0.9362	  	 	 	0.9306	  	 	 	0.9247	  	 	 	0.9183	  	 	 	0.9116	  	 	 	0.9044	  	 	 	0.8968	  	 	 	0.8887	  	 	 	0.8801	  	 	 	0.8710	  	 	 	0.8611	  	 	 	0.8508	  	 	 	0.8398	  
	 	 	45	  	 	 	0.9563	  	 	 	0.9522	  	 	 	0.9478	  	 	 	0.9431	  	 	 	0.9380	  	 	 	0.9326	  	 	 	0.9267	  	 	 	0.9205	  	 	 	0.9139	  	 	 	0.9068	  	 	 	0.8993	  	 	 	0.8913	  	 	 	0.8827	  	 	 	0.8737	  	 	 	0.8640	  	 	 	0.8537	  	 	 	0.8428	  
	 	 	46	  	 	 	0.9578	  	 	 	0.9537	  	 	 	0.9495	  	 	 	0.9448	  	 	 	0.9399	  	 	 	0.9345	  	 	 	0.9288	  	 	 	0.9226	  	 	 	0.9162	  	 	 	0.9092	  	 	 	0.9018	  	 	 	0.8940	  	 	 	0.8855	  	 	 	0.8765	  	 	 	0.8669	  	 	 	0.8567	  	 	 	0.8459	  
	 	 	47	  	 	 	0.9591	  	 	 	0.9553	  	 	 	0.9511	  	 	 	0.9465	  	 	 	0.9417	  	 	 	0.9365	  	 	 	0.9308	  	 	 	0.9248	  	 	 	0.9184	  	 	 	0.9116	  	 	 	0.9044	  	 	 	0.8966	  	 	 	0.8882	  	 	 	0.8794	  	 	 	0.8699	  	 	 	0.8598	  	 	 	0.8491	  
	 	 	48	  	 	 	0.9606	  	 	 	0.9568	  	 	 	0.9527	  	 	 	0.9483	  	 	 	0.9435	  	 	 	0.9384	  	 	 	0.9329	  	 	 	0.9271	  	 	 	0.9208	  	 	 	0.9141	  	 	 	0.9070	  	 	 	0.8993	  	 	 	0.8911	  	 	 	0.8823	  	 	 	0.8729	  	 	 	0.8630	  	 	 	0.8523	  
	 	 	49	  	 	 	0.9620	  	 	 	0.9583	  	 	 	0.9543	  	 	 	0.9499	  	 	 	0.9454	  	 	 	0.9404	  	 	 	0.9350	  	 	 	0.9293	  	 	 	0.9231	  	 	 	0.9166	  	 	 	0.9096	  	 	 	0.9021	  	 	 	0.8939	  	 	 	0.8854	  	 	 	0.8761	  	 	 	0.8663	  	 	 	0.8557	  
	 	 	50	  	 	 	0.9633	  	 	 	0.9598	  	 	 	0.9559	  	 	 	0.9517	  	 	 	0.9472	  	 	 	0.9423	  	 	 	0.9371	  	 	 	0.9315	  	 	 	0.9255	  	 	 	0.9191	  	 	 	0.9122	  	 	 	0.9049	  	 	 	0.8969	  	 	 	0.8884	  	 	 	0.8792	  	 	 	0.8695	  	 	 	0.8591	  
	 	 	51	  	 	 	0.9647	  	 	 	0.9612	  	 	 	0.9575	  	 	 	0.9534	  	 	 	0.9491	  	 	 	0.9443	  	 	 	0.9392	  	 	 	0.9337	  	 	 	0.9279	  	 	 	0.9216	  	 	 	0.9149	  	 	 	0.9077	  	 	 	0.8998	  	 	 	0.8915	  	 	 	0.8825	  	 	 	0.8729	  	 	 	0.8626	  
	 	 	52	  	 	 	0.9660	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9463	  	 	 	0.9413	  	 	 	0.9360	  	 	 	0.9303	  	 	 	0.9241	  	 	 	0.9176	  	 	 	0.9105	  	 	 	0.9028	  	 	 	0.8946	  	 	 	0.8858	  	 	 	0.8764	  	 	 	0.8662	  
	 	 	53	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9606	  	 	 	0.9567	  	 	 	0.9527	  	 	 	0.9482	  	 	 	0.9434	  	 	 	0.9382	  	 	 	0.9327	  	 	 	0.9267	  	 	 	0.9203	  	 	 	0.9133	  	 	 	0.9058	  	 	 	0.8978	  	 	 	0.8891	  	 	 	0.8798	  	 	 	0.8698	  
	 	 	54	  	 	 	0.9686	  	 	 	0.9654	  	 	 	0.9621	  	 	 	0.9584	  	 	 	0.9544	  	 	 	0.9501	  	 	 	0.9454	  	 	 	0.9404	  	 	 	0.9350	  	 	 	0.9292	  	 	 	0.9230	  	 	 	0.9162	  	 	 	0.9089	  	 	 	0.9011	  	 	 	0.8925	  	 	 	0.8834	  	 	 	0.8736	  
	 	 	55	  	 	 	0.9699	  	 	 	0.9669	  	 	 	0.9636	  	 	 	0.9600	  	 	 	0.9561	  	 	 	0.9520	  	 	 	0.9474	  	 	 	0.9426	  	 	 	0.9374	  	 	 	0.9317	  	 	 	0.9256	  	 	 	0.9191	  	 	 	0.9119	  	 	 	0.9042	  	 	 	0.8959	  	 	 	0.8870	  	 	 	0.8773	  

  
 124 

 APPENDICES 

Sub appendix A. 3 
 Table
C 
 100% Joint and Survivor With Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	  
  
  

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	56	  	 	 	0.9711	  	 	 	0.9682	  	 	 	0.9650	  	 	 	0.9616	  	 	 	0.9579	  	 	 	0.9538	  	 	 	0.9494	  	 	 	0.9448	  	 	 	0.9397	  	 	 	0.9342	  	 	 	0.9283	  	 	 	0.9219	  	 	 	0.9149	  	 	 	0.9075	  	 	 	0.8993	  	 	 	0.8906	  	 	 	0.8812	  
	 	 	57	  	 	 	0.9723	  	 	 	0.9695	  	 	 	0.9664	  	 	 	0.9631	  	 	 	0.9596	  	 	 	0.9557	  	 	 	0.9514	  	 	 	0.9469	  	 	 	0.9420	  	 	 	0.9367	  	 	 	0.9310	  	 	 	0.9247	  	 	 	0.9180	  	 	 	0.9107	  	 	 	0.9027	  	 	 	0.8942	  	 	 	0.8850	  
	 	 	58	  	 	 	0.9735	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  	 	 	0.9612	  	 	 	0.9575	  	 	 	0.9534	  	 	 	0.9490	  	 	 	0.9442	  	 	 	0.9391	  	 	 	0.9336	  	 	 	0.9275	  	 	 	0.9209	  	 	 	0.9139	  	 	 	0.9062	  	 	 	0.8979	  	 	 	0.8888	  
	 	 	59	  	 	 	0.9746	  	 	 	0.9720	  	 	 	0.9692	  	 	 	0.9661	  	 	 	0.9628	  	 	 	0.9592	  	 	 	0.9553	  	 	 	0.9510	  	 	 	0.9465	  	 	 	0.9415	  	 	 	0.9362	  	 	 	0.9304	  	 	 	0.9240	  	 	 	0.9172	  	 	 	0.9096	  	 	 	0.9015	  	 	 	0.8926	  
	 	 	60	  	 	 	0.9757	  	 	 	0.9732	  	 	 	0.9706	  	 	 	0.9676	  	 	 	0.9644	  	 	 	0.9609	  	 	 	0.9571	  	 	 	0.9531	  	 	 	0.9486	  	 	 	0.9439	  	 	 	0.9388	  	 	 	0.9332	  	 	 	0.9269	  	 	 	0.9203	  	 	 	0.9130	  	 	 	0.9051	  	 	 	0.8965	  
	 	 	61	  	 	 	0.9768	  	 	 	0.9744	  	 	 	0.9718	  	 	 	0.9689	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9462	  	 	 	0.9413	  	 	 	0.9359	  	 	 	0.9299	  	 	 	0.9235	  	 	 	0.9163	  	 	 	0.9087	  	 	 	0.9003	  
	 	 	62	  	 	 	0.9778	  	 	 	0.9756	  	 	 	0.9731	  	 	 	0.9703	  	 	 	0.9674	  	 	 	0.9642	  	 	 	0.9607	  	 	 	0.9570	  	 	 	0.9529	  	 	 	0.9485	  	 	 	0.9437	  	 	 	0.9385	  	 	 	0.9327	  	 	 	0.9266	  	 	 	0.9197	  	 	 	0.9123	  	 	 	0.9042	  
	 	 	63	  	 	 	0.9788	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9689	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9588	  	 	 	0.9550	  	 	 	0.9507	  	 	 	0.9461	  	 	 	0.9411	  	 	 	0.9356	  	 	 	0.9296	  	 	 	0.9230	  	 	 	0.9158	  	 	 	0.9079	  
	 	 	64	  	 	 	0.9798	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9607	  	 	 	0.9569	  	 	 	0.9529	  	 	 	0.9485	  	 	 	0.9437	  	 	 	0.9383	  	 	 	0.9326	  	 	 	0.9262	  	 	 	0.9193	  	 	 	0.9117	  
	 	 	65	  	 	 	0.9808	  	 	 	0.9787	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9689	  	 	 	0.9658	  	 	 	0.9625	  	 	 	0.9589	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9462	  	 	 	0.9410	  	 	 	0.9355	  	 	 	0.9294	  	 	 	0.9227	  	 	 	0.9154	  
	 	 	66	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9777	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9702	  	 	 	0.9673	  	 	 	0.9642	  	 	 	0.9607	  	 	 	0.9571	  	 	 	0.9530	  	 	 	0.9486	  	 	 	0.9437	  	 	 	0.9384	  	 	 	0.9325	  	 	 	0.9261	  	 	 	0.9190	  
	 	 	67	  	 	 	0.9825	  	 	 	0.9807	  	 	 	0.9788	  	 	 	0.9765	  	 	 	0.9742	  	 	 	0.9716	  	 	 	0.9688	  	 	 	0.9659	  	 	 	0.9626	  	 	 	0.9590	  	 	 	0.9552	  	 	 	0.9510	  	 	 	0.9463	  	 	 	0.9412	  	 	 	0.9355	  	 	 	0.9294	  	 	 	0.9226	  
	 	 	68	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9798	  	 	 	0.9776	  	 	 	0.9755	  	 	 	0.9730	  	 	 	0.9703	  	 	 	0.9675	  	 	 	0.9644	  	 	 	0.9610	  	 	 	0.9573	  	 	 	0.9533	  	 	 	0.9488	  	 	 	0.9440	  	 	 	0.9385	  	 	 	0.9326	  	 	 	0.9260	  
	 	 	69	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9808	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9660	  	 	 	0.9628	  	 	 	0.9594	  	 	 	0.9555	  	 	 	0.9512	  	 	 	0.9466	  	 	 	0.9414	  	 	 	0.9358	  	 	 	0.9294	  
	 	 	70	  	 	 	0.9850	  	 	 	0.9834	  	 	 	0.9817	  	 	 	0.9797	  	 	 	0.9778	  	 	 	0.9755	  	 	 	0.9731	  	 	 	0.9705	  	 	 	0.9677	  	 	 	0.9646	  	 	 	0.9613	  	 	 	0.9577	  	 	 	0.9536	  	 	 	0.9491	  	 	 	0.9442	  	 	 	0.9388	  	 	 	0.9327	  
	 	 	71	  	 	 	0.9857	  	 	 	0.9843	  	 	 	0.9826	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9767	  	 	 	0.9744	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9663	  	 	 	0.9632	  	 	 	0.9597	  	 	 	0.9558	  	 	 	0.9516	  	 	 	0.9469	  	 	 	0.9418	  	 	 	0.9359	  
	 	 	72	  	 	 	0.9865	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9817	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9734	  	 	 	0.9707	  	 	 	0.9680	  	 	 	0.9651	  	 	 	0.9617	  	 	 	0.9580	  	 	 	0.9540	  	 	 	0.9495	  	 	 	0.9446	  	 	 	0.9391	  
	 	 	73	  	 	 	0.9872	  	 	 	0.9858	  	 	 	0.9843	  	 	 	0.9827	  	 	 	0.9809	  	 	 	0.9790	  	 	 	0.9769	  	 	 	0.9746	  	 	 	0.9723	  	 	 	0.9696	  	 	 	0.9668	  	 	 	0.9637	  	 	 	0.9602	  	 	 	0.9564	  	 	 	0.9521	  	 	 	0.9474	  	 	 	0.9421	  
	 	 	74	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9851	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9800	  	 	 	0.9781	  	 	 	0.9760	  	 	 	0.9736	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9622	  	 	 	0.9586	  	 	 	0.9545	  	 	 	0.9501	  	 	 	0.9450	  
	 	 	75	  	 	 	0.9885	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9811	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9673	  	 	 	0.9641	  	 	 	0.9607	  	 	 	0.9568	  	 	 	0.9526	  	 	 	0.9478	  
	 	 	76	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9852	  	 	 	0.9837	  	 	 	0.9820	  	 	 	0.9802	  	 	 	0.9784	  	 	 	0.9762	  	 	 	0.9740	  	 	 	0.9716	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9627	  	 	 	0.9591	  	 	 	0.9551	  	 	 	0.9505	  
	 	 	77	  	 	 	0.9897	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9859	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9775	  	 	 	0.9754	  	 	 	0.9731	  	 	 	0.9706	  	 	 	0.9677	  	 	 	0.9647	  	 	 	0.9612	  	 	 	0.9574	  	 	 	0.9531	  
	 	 	78	  	 	 	0.9902	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9805	  	 	 	0.9786	  	 	 	0.9767	  	 	 	0.9746	  	 	 	0.9722	  	 	 	0.9695	  	 	 	0.9666	  	 	 	0.9633	  	 	 	0.9597	  	 	 	0.9557	  
	 	 	79	  	 	 	0.9908	  	 	 	0.9898	  	 	 	0.9887	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9847	  	 	 	0.9831	  	 	 	0.9815	  	 	 	0.9798	  	 	 	0.9779	  	 	 	0.9759	  	 	 	0.9736	  	 	 	0.9711	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9619	  	 	 	0.9580	  
	 	 	80	  	 	 	0.9913	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9825	  	 	 	0.9808	  	 	 	0.9791	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9727	  	 	 	0.9701	  	 	 	0.9671	  	 	 	0.9640	  	 	 	0.9603	  
	 	 	81	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9899	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9849	  	 	 	0.9835	  	 	 	0.9819	  	 	 	0.9801	  	 	 	0.9784	  	 	 	0.9764	  	 	 	0.9741	  	 	 	0.9717	  	 	 	0.9690	  	 	 	0.9659	  	 	 	0.9624	  
	 	 	82	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9904	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9871	  	 	 	0.9857	  	 	 	0.9844	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9777	  	 	 	0.9755	  	 	 	0.9733	  	 	 	0.9707	  	 	 	0.9678	  	 	 	0.9646	  
	 	 	83	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9878	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9769	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9666	  
	 	 	84	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9782	  	 	 	0.9762	  	 	 	0.9739	  	 	 	0.9714	  	 	 	0.9685	  
	 	 	85	  	 	 	0.9936	  	 	 	0.9928	  	 	 	0.9920	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9794	  	 	 	0.9776	  	 	 	0.9754	  	 	 	0.9730	  	 	 	0.9703	  

  
 125 

 APPENDICES 

Sub appendix A. 3 
 Table
C 
 100% Joint and Survivor With Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	  
  
  

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	25	  	 	 	0.7893	  	 	 	0.7767	  	 	 	0.7635	  	 	 	0.7497	  	 	 	0.7354	  	 	 	0.7205	  	 	 	0.7052	  	 	 	0.6893	  	 	 	0.6731	  	 	 	0.6564	  	 	 	0.6394	  	 	 	0.6221	  	 	 	0.6045	  	 	 	0.5866	  	 	 	0.5684	  	 	 	0.5500	  	 	 	0.5316	  
	 	 	26	  	 	 	0.7905	  	 	 	0.7780	  	 	 	0.7647	  	 	 	0.7510	  	 	 	0.7366	  	 	 	0.7217	  	 	 	0.7064	  	 	 	0.6905	  	 	 	0.6743	  	 	 	0.6575	  	 	 	0.6405	  	 	 	0.6232	  	 	 	0.6056	  	 	 	0.5876	  	 	 	0.5694	  	 	 	0.5510	  	 	 	0.5326	  
	 	 	27	  	 	 	0.7919	  	 	 	0.7793	  	 	 	0.7660	  	 	 	0.7523	  	 	 	0.7379	  	 	 	0.7230	  	 	 	0.7077	  	 	 	0.6918	  	 	 	0.6755	  	 	 	0.6587	  	 	 	0.6417	  	 	 	0.6244	  	 	 	0.6067	  	 	 	0.5887	  	 	 	0.5705	  	 	 	0.5521	  	 	 	0.5336	  
	 	 	28	  	 	 	0.7933	  	 	 	0.7807	  	 	 	0.7675	  	 	 	0.7536	  	 	 	0.7393	  	 	 	0.7244	  	 	 	0.7090	  	 	 	0.6931	  	 	 	0.6768	  	 	 	0.6601	  	 	 	0.6430	  	 	 	0.6256	  	 	 	0.6079	  	 	 	0.5899	  	 	 	0.5717	  	 	 	0.5532	  	 	 	0.5347	  
	 	 	29	  	 	 	0.7947	  	 	 	0.7821	  	 	 	0.7689	  	 	 	0.7551	  	 	 	0.7407	  	 	 	0.7258	  	 	 	0.7104	  	 	 	0.6945	  	 	 	0.6782	  	 	 	0.6614	  	 	 	0.6443	  	 	 	0.6269	  	 	 	0.6092	  	 	 	0.5912	  	 	 	0.5729	  	 	 	0.5544	  	 	 	0.5359	  
	 	 	30	  	 	 	0.7963	  	 	 	0.7837	  	 	 	0.7704	  	 	 	0.7567	  	 	 	0.7423	  	 	 	0.7274	  	 	 	0.7120	  	 	 	0.6960	  	 	 	0.6797	  	 	 	0.6629	  	 	 	0.6458	  	 	 	0.6283	  	 	 	0.6106	  	 	 	0.5926	  	 	 	0.5743	  	 	 	0.5557	  	 	 	0.5372	  
	 	 	31	  	 	 	0.7979	  	 	 	0.7853	  	 	 	0.7721	  	 	 	0.7583	  	 	 	0.7439	  	 	 	0.7290	  	 	 	0.7136	  	 	 	0.6976	  	 	 	0.6812	  	 	 	0.6644	  	 	 	0.6473	  	 	 	0.6298	  	 	 	0.6121	  	 	 	0.5940	  	 	 	0.5757	  	 	 	0.5571	  	 	 	0.5385	  
	 	 	32	  	 	 	0.7997	  	 	 	0.7871	  	 	 	0.7738	  	 	 	0.7600	  	 	 	0.7456	  	 	 	0.7307	  	 	 	0.7152	  	 	 	0.6993	  	 	 	0.6829	  	 	 	0.6661	  	 	 	0.6489	  	 	 	0.6315	  	 	 	0.6137	  	 	 	0.5955	  	 	 	0.5772	  	 	 	0.5586	  	 	 	0.5400	  
	 	 	33	  	 	 	0.8015	  	 	 	0.7888	  	 	 	0.7756	  	 	 	0.7619	  	 	 	0.7475	  	 	 	0.7325	  	 	 	0.7171	  	 	 	0.7011	  	 	 	0.6847	  	 	 	0.6678	  	 	 	0.6507	  	 	 	0.6331	  	 	 	0.6153	  	 	 	0.5972	  	 	 	0.5787	  	 	 	0.5601	  	 	 	0.5415	  
	 	 	34	  	 	 	0.8034	  	 	 	0.7908	  	 	 	0.7776	  	 	 	0.7638	  	 	 	0.7494	  	 	 	0.7344	  	 	 	0.7190	  	 	 	0.7030	  	 	 	0.6865	  	 	 	0.6697	  	 	 	0.6525	  	 	 	0.6349	  	 	 	0.6171	  	 	 	0.5989	  	 	 	0.5804	  	 	 	0.5618	  	 	 	0.5431	  
	 	 	35	  	 	 	0.8054	  	 	 	0.7928	  	 	 	0.7796	  	 	 	0.7658	  	 	 	0.7514	  	 	 	0.7364	  	 	 	0.7210	  	 	 	0.7049	  	 	 	0.6885	  	 	 	0.6716	  	 	 	0.6544	  	 	 	0.6368	  	 	 	0.6189	  	 	 	0.6007	  	 	 	0.5823	  	 	 	0.5635	  	 	 	0.5448	  
	 	 	36	  	 	 	0.8075	  	 	 	0.7949	  	 	 	0.7817	  	 	 	0.7679	  	 	 	0.7535	  	 	 	0.7385	  	 	 	0.7230	  	 	 	0.7070	  	 	 	0.6906	  	 	 	0.6737	  	 	 	0.6564	  	 	 	0.6388	  	 	 	0.6209	  	 	 	0.6027	  	 	 	0.5842	  	 	 	0.5654	  	 	 	0.5466	  
	 	 	37	  	 	 	0.8097	  	 	 	0.7972	  	 	 	0.7840	  	 	 	0.7701	  	 	 	0.7558	  	 	 	0.7408	  	 	 	0.7253	  	 	 	0.7092	  	 	 	0.6928	  	 	 	0.6759	  	 	 	0.6586	  	 	 	0.6410	  	 	 	0.6230	  	 	 	0.6047	  	 	 	0.5862	  	 	 	0.5674	  	 	 	0.5486	  
	 	 	38	  	 	 	0.8120	  	 	 	0.7995	  	 	 	0.7863	  	 	 	0.7725	  	 	 	0.7581	  	 	 	0.7431	  	 	 	0.7276	  	 	 	0.7116	  	 	 	0.6951	  	 	 	0.6781	  	 	 	0.6609	  	 	 	0.6432	  	 	 	0.6252	  	 	 	0.6069	  	 	 	0.5883	  	 	 	0.5695	  	 	 	0.5506	  
	 	 	39	  	 	 	0.8144	  	 	 	0.8019	  	 	 	0.7887	  	 	 	0.7750	  	 	 	0.7606	  	 	 	0.7456	  	 	 	0.7301	  	 	 	0.7141	  	 	 	0.6976	  	 	 	0.6806	  	 	 	0.6633	  	 	 	0.6456	  	 	 	0.6275	  	 	 	0.6092	  	 	 	0.5906	  	 	 	0.5717	  	 	 	0.5527	  
	 	 	40	  	 	 	0.8169	  	 	 	0.8044	  	 	 	0.7913	  	 	 	0.7776	  	 	 	0.7632	  	 	 	0.7482	  	 	 	0.7327	  	 	 	0.7167	  	 	 	0.7002	  	 	 	0.6832	  	 	 	0.6658	  	 	 	0.6481	  	 	 	0.6301	  	 	 	0.6116	  	 	 	0.5930	  	 	 	0.5740	  	 	 	0.5551	  
	 	 	41	  	 	 	0.8196	  	 	 	0.8071	  	 	 	0.7940	  	 	 	0.7803	  	 	 	0.7659	  	 	 	0.7509	  	 	 	0.7354	  	 	 	0.7194	  	 	 	0.7029	  	 	 	0.6859	  	 	 	0.6685	  	 	 	0.6507	  	 	 	0.6327	  	 	 	0.6142	  	 	 	0.5955	  	 	 	0.5765	  	 	 	0.5575	  
	 	 	42	  	 	 	0.8223	  	 	 	0.8099	  	 	 	0.7968	  	 	 	0.7831	  	 	 	0.7687	  	 	 	0.7538	  	 	 	0.7384	  	 	 	0.7223	  	 	 	0.7057	  	 	 	0.6887	  	 	 	0.6713	  	 	 	0.6535	  	 	 	0.6354	  	 	 	0.6170	  	 	 	0.5982	  	 	 	0.5791	  	 	 	0.5601	  
	 	 	43	  	 	 	0.8251	  	 	 	0.8128	  	 	 	0.7998	  	 	 	0.7861	  	 	 	0.7717	  	 	 	0.7568	  	 	 	0.7413	  	 	 	0.7253	  	 	 	0.7088	  	 	 	0.6917	  	 	 	0.6743	  	 	 	0.6565	  	 	 	0.6384	  	 	 	0.6198	  	 	 	0.6010	  	 	 	0.5819	  	 	 	0.5628	  
	 	 	44	  	 	 	0.8281	  	 	 	0.8158	  	 	 	0.8028	  	 	 	0.7892	  	 	 	0.7749	  	 	 	0.7600	  	 	 	0.7445	  	 	 	0.7284	  	 	 	0.7119	  	 	 	0.6948	  	 	 	0.6774	  	 	 	0.6596	  	 	 	0.6414	  	 	 	0.6228	  	 	 	0.6040	  	 	 	0.5848	  	 	 	0.5657	  
	 	 	45	  	 	 	0.8312	  	 	 	0.8189	  	 	 	0.8059	  	 	 	0.7924	  	 	 	0.7781	  	 	 	0.7633	  	 	 	0.7478	  	 	 	0.7317	  	 	 	0.7152	  	 	 	0.6981	  	 	 	0.6807	  	 	 	0.6628	  	 	 	0.6446	  	 	 	0.6260	  	 	 	0.6072	  	 	 	0.5880	  	 	 	0.5687	  
	 	 	46	  	 	 	0.8343	  	 	 	0.8221	  	 	 	0.8092	  	 	 	0.7957	  	 	 	0.7815	  	 	 	0.7666	  	 	 	0.7512	  	 	 	0.7352	  	 	 	0.7187	  	 	 	0.7016	  	 	 	0.6841	  	 	 	0.6663	  	 	 	0.6480	  	 	 	0.6294	  	 	 	0.6104	  	 	 	0.5912	  	 	 	0.5719	  
	 	 	47	  	 	 	0.8376	  	 	 	0.8255	  	 	 	0.8127	  	 	 	0.7992	  	 	 	0.7850	  	 	 	0.7702	  	 	 	0.7549	  	 	 	0.7388	  	 	 	0.7223	  	 	 	0.7052	  	 	 	0.6877	  	 	 	0.6699	  	 	 	0.6516	  	 	 	0.6329	  	 	 	0.6140	  	 	 	0.5946	  	 	 	0.5753	  
	 	 	48	  	 	 	0.8409	  	 	 	0.8289	  	 	 	0.8162	  	 	 	0.8028	  	 	 	0.7887	  	 	 	0.7739	  	 	 	0.7586	  	 	 	0.7426	  	 	 	0.7261	  	 	 	0.7090	  	 	 	0.6915	  	 	 	0.6737	  	 	 	0.6553	  	 	 	0.6367	  	 	 	0.6176	  	 	 	0.5983	  	 	 	0.5789	  
	 	 	49	  	 	 	0.8444	  	 	 	0.8325	  	 	 	0.8198	  	 	 	0.8066	  	 	 	0.7925	  	 	 	0.7778	  	 	 	0.7625	  	 	 	0.7465	  	 	 	0.7301	  	 	 	0.7130	  	 	 	0.6955	  	 	 	0.6776	  	 	 	0.6593	  	 	 	0.6406	  	 	 	0.6215	  	 	 	0.6021	  	 	 	0.5826	  
	 	 	50	  	 	 	0.8480	  	 	 	0.8361	  	 	 	0.8236	  	 	 	0.8104	  	 	 	0.7964	  	 	 	0.7818	  	 	 	0.7665	  	 	 	0.7506	  	 	 	0.7342	  	 	 	0.7172	  	 	 	0.6997	  	 	 	0.6818	  	 	 	0.6634	  	 	 	0.6447	  	 	 	0.6256	  	 	 	0.6061	  	 	 	0.5866	  
	 	 	51	  	 	 	0.8516	  	 	 	0.8399	  	 	 	0.8275	  	 	 	0.8143	  	 	 	0.8005	  	 	 	0.7859	  	 	 	0.7707	  	 	 	0.7549	  	 	 	0.7385	  	 	 	0.7215	  	 	 	0.7040	  	 	 	0.6861	  	 	 	0.6678	  	 	 	0.6490	  	 	 	0.6299	  	 	 	0.6104	  	 	 	0.5908	  
	 	 	52	  	 	 	0.8554	  	 	 	0.8438	  	 	 	0.8315	  	 	 	0.8184	  	 	 	0.8047	  	 	 	0.7902	  	 	 	0.7751	  	 	 	0.7593	  	 	 	0.7429	  	 	 	0.7260	  	 	 	0.7086	  	 	 	0.6907	  	 	 	0.6724	  	 	 	0.6536	  	 	 	0.6344	  	 	 	0.6149	  	 	 	0.5952	  
	 	 	53	  	 	 	0.8591	  	 	 	0.8477	  	 	 	0.8356	  	 	 	0.8227	  	 	 	0.8090	  	 	 	0.7946	  	 	 	0.7796	  	 	 	0.7639	  	 	 	0.7476	  	 	 	0.7307	  	 	 	0.7133	  	 	 	0.6954	  	 	 	0.6771	  	 	 	0.6583	  	 	 	0.6391	  	 	 	0.6195	  	 	 	0.5998	  
	 	 	54	  	 	 	0.8630	  	 	 	0.8517	  	 	 	0.8397	  	 	 	0.8270	  	 	 	0.8134	  	 	 	0.7992	  	 	 	0.7843	  	 	 	0.7686	  	 	 	0.7524	  	 	 	0.7356	  	 	 	0.7182	  	 	 	0.7004	  	 	 	0.6821	  	 	 	0.6633	  	 	 	0.6441	  	 	 	0.6245	  	 	 	0.6047	  
	 	 	55	  	 	 	0.8670	  	 	 	0.8558	  	 	 	0.8440	  	 	 	0.8314	  	 	 	0.8180	  	 	 	0.8038	  	 	 	0.7891	  	 	 	0.7735	  	 	 	0.7574	  	 	 	0.7407	  	 	 	0.7234	  	 	 	0.7056	  	 	 	0.6873	  	 	 	0.6685	  	 	 	0.6493	  	 	 	0.6296	  	 	 	0.6098	  

  
 126 

 APPENDICES 

Sub appendix A. 3 
 Table
C 
 100% Joint and Survivor With Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	  
  
 

	 	 	 	 	59	 	 	60	 	 	61	 	 	62	 	 	63	 	 	64	 	 	65	 	 	66	 	 	67	 	 	68	 	 	69	 	 	70	 	 	71	 	 	72	 	 	73	 	 	74	 	 	75	 
	 	 	56	  	 	 	0.8709	  	 	 	0.8600	  	 	 	0.8483	  	 	 	0.8358	  	 	 	0.8227	  	 	 	0.8087	  	 	 	0.7940	  	 	 	0.7786	  	 	 	0.7626	  	 	 	0.7459	  	 	 	0.7287	  	 	 	0.7109	  	 	 	0.6927	  	 	 	0.6739	  	 	 	0.6547	  	 	 	0.6351	  	 	 	0.6152	  
	 	 	57	  	 	 	0.8749	  	 	 	0.8642	  	 	 	0.8527	  	 	 	0.8405	  	 	 	0.8274	  	 	 	0.8136	  	 	 	0.7991	  	 	 	0.7838	  	 	 	0.7679	  	 	 	0.7513	  	 	 	0.7342	  	 	 	0.7165	  	 	 	0.6983	  	 	 	0.6795	  	 	 	0.6603	  	 	 	0.6407	  	 	 	0.6209	  
	 	 	58	  	 	 	0.8790	  	 	 	0.8685	  	 	 	0.8571	  	 	 	0.8451	  	 	 	0.8322	  	 	 	0.8186	  	 	 	0.8043	  	 	 	0.7891	  	 	 	0.7734	  	 	 	0.7569	  	 	 	0.7399	  	 	 	0.7223	  	 	 	0.7041	  	 	 	0.6854	  	 	 	0.6663	  	 	 	0.6466	  	 	 	0.6267	  
	 	 	59	  	 	 	0.8830	  	 	 	0.8728	  	 	 	0.8617	  	 	 	0.8498	  	 	 	0.8371	  	 	 	0.8236	  	 	 	0.8095	  	 	 	0.7945	  	 	 	0.7789	  	 	 	0.7626	  	 	 	0.7457	  	 	 	0.7282	  	 	 	0.7101	  	 	 	0.6915	  	 	 	0.6724	  	 	 	0.6527	  	 	 	0.6329	  
	 	 	60	  	 	 	0.8871	  	 	 	0.8771	  	 	 	0.8662	  	 	 	0.8546	  	 	 	0.8421	  	 	 	0.8288	  	 	 	0.8149	  	 	 	0.8001	  	 	 	0.7846	  	 	 	0.7685	  	 	 	0.7517	  	 	 	0.7343	  	 	 	0.7164	  	 	 	0.6978	  	 	 	0.6787	  	 	 	0.6591	  	 	 	0.6393	  
	 	 	61	  	 	 	0.8912	  	 	 	0.8814	  	 	 	0.8707	  	 	 	0.8594	  	 	 	0.8471	  	 	 	0.8341	  	 	 	0.8203	  	 	 	0.8057	  	 	 	0.7905	  	 	 	0.7745	  	 	 	0.7579	  	 	 	0.7406	  	 	 	0.7228	  	 	 	0.7043	  	 	 	0.6853	  	 	 	0.6657	  	 	 	0.6459	  
	 	 	62	  	 	 	0.8952	  	 	 	0.8857	  	 	 	0.8753	  	 	 	0.8641	  	 	 	0.8521	  	 	 	0.8393	  	 	 	0.8258	  	 	 	0.8114	  	 	 	0.7964	  	 	 	0.7806	  	 	 	0.7642	  	 	 	0.7471	  	 	 	0.7294	  	 	 	0.7110	  	 	 	0.6921	  	 	 	0.6726	  	 	 	0.6528	  
	 	 	63	  	 	 	0.8993	  	 	 	0.8900	  	 	 	0.8799	  	 	 	0.8690	  	 	 	0.8572	  	 	 	0.8447	  	 	 	0.8314	  	 	 	0.8173	  	 	 	0.8025	  	 	 	0.7868	  	 	 	0.7706	  	 	 	0.7536	  	 	 	0.7361	  	 	 	0.7178	  	 	 	0.6990	  	 	 	0.6796	  	 	 	0.6599	  
	 	 	64	  	 	 	0.9033	  	 	 	0.8942	  	 	 	0.8844	  	 	 	0.8737	  	 	 	0.8623	  	 	 	0.8500	  	 	 	0.8370	  	 	 	0.8231	  	 	 	0.8085	  	 	 	0.7931	  	 	 	0.7770	  	 	 	0.7603	  	 	 	0.7429	  	 	 	0.7249	  	 	 	0.7062	  	 	 	0.6869	  	 	 	0.6672	  
	 	 	65	  	 	 	0.9073	  	 	 	0.8984	  	 	 	0.8889	  	 	 	0.8785	  	 	 	0.8674	  	 	 	0.8553	  	 	 	0.8426	  	 	 	0.8290	  	 	 	0.8147	  	 	 	0.7995	  	 	 	0.7837	  	 	 	0.7671	  	 	 	0.7500	  	 	 	0.7321	  	 	 	0.7135	  	 	 	0.6943	  	 	 	0.6748	  
	 	 	66	  	 	 	0.9111	  	 	 	0.9026	  	 	 	0.8934	  	 	 	0.8833	  	 	 	0.8724	  	 	 	0.8607	  	 	 	0.8482	  	 	 	0.8349	  	 	 	0.8208	  	 	 	0.8059	  	 	 	0.7903	  	 	 	0.7741	  	 	 	0.7571	  	 	 	0.7394	  	 	 	0.7210	  	 	 	0.7019	  	 	 	0.6825	  
	 	 	67	  	 	 	0.9150	  	 	 	0.9067	  	 	 	0.8978	  	 	 	0.8880	  	 	 	0.8774	  	 	 	0.8660	  	 	 	0.8539	  	 	 	0.8408	  	 	 	0.8270	  	 	 	0.8124	  	 	 	0.7971	  	 	 	0.7811	  	 	 	0.7643	  	 	 	0.7468	  	 	 	0.7286	  	 	 	0.7097	  	 	 	0.6904	  
	 	 	68	  	 	 	0.9187	  	 	 	0.9108	  	 	 	0.9021	  	 	 	0.8927	  	 	 	0.8823	  	 	 	0.8713	  	 	 	0.8594	  	 	 	0.8466	  	 	 	0.8332	  	 	 	0.8189	  	 	 	0.8038	  	 	 	0.7881	  	 	 	0.7716	  	 	 	0.7543	  	 	 	0.7363	  	 	 	0.7176	  	 	 	0.6985	  
	 	 	69	  	 	 	0.9224	  	 	 	0.9148	  	 	 	0.9064	  	 	 	0.8973	  	 	 	0.8873	  	 	 	0.8765	  	 	 	0.8650	  	 	 	0.8525	  	 	 	0.8394	  	 	 	0.8253	  	 	 	0.8106	  	 	 	0.7952	  	 	 	0.7789	  	 	 	0.7619	  	 	 	0.7441	  	 	 	0.7257	  	 	 	0.7067	  
	 	 	70	  	 	 	0.9260	  	 	 	0.9186	  	 	 	0.9105	  	 	 	0.9017	  	 	 	0.8921	  	 	 	0.8816	  	 	 	0.8704	  	 	 	0.8584	  	 	 	0.8455	  	 	 	0.8318	  	 	 	0.8174	  	 	 	0.8023	  	 	 	0.7863	  	 	 	0.7695	  	 	 	0.7520	  	 	 	0.7338	  	 	 	0.7150	  
	 	 	71	  	 	 	0.9295	  	 	 	0.9224	  	 	 	0.9147	  	 	 	0.9062	  	 	 	0.8968	  	 	 	0.8867	  	 	 	0.8759	  	 	 	0.8641	  	 	 	0.8516	  	 	 	0.8383	  	 	 	0.8242	  	 	 	0.8094	  	 	 	0.7937	  	 	 	0.7772	  	 	 	0.7600	  	 	 	0.7420	  	 	 	0.7235	  
	 	 	72	  	 	 	0.9329	  	 	 	0.9262	  	 	 	0.9186	  	 	 	0.9105	  	 	 	0.9015	  	 	 	0.8917	  	 	 	0.8812	  	 	 	0.8698	  	 	 	0.8577	  	 	 	0.8447	  	 	 	0.8309	  	 	 	0.8164	  	 	 	0.8011	  	 	 	0.7849	  	 	 	0.7680	  	 	 	0.7503	  	 	 	0.7320	  
	 	 	73	  	 	 	0.9362	  	 	 	0.9297	  	 	 	0.9225	  	 	 	0.9147	  	 	 	0.9060	  	 	 	0.8966	  	 	 	0.8864	  	 	 	0.8754	  	 	 	0.8636	  	 	 	0.8509	  	 	 	0.8376	  	 	 	0.8234	  	 	 	0.8085	  	 	 	0.7926	  	 	 	0.7761	  	 	 	0.7586	  	 	 	0.7406	  
	 	 	74	  	 	 	0.9394	  	 	 	0.9332	  	 	 	0.9263	  	 	 	0.9188	  	 	 	0.9105	  	 	 	0.9014	  	 	 	0.8915	  	 	 	0.8809	  	 	 	0.8695	  	 	 	0.8572	  	 	 	0.8442	  	 	 	0.8304	  	 	 	0.8158	  	 	 	0.8003	  	 	 	0.7841	  	 	 	0.7669	  	 	 	0.7492	  
	 	 	75	  	 	 	0.9424	  	 	 	0.9366	  	 	 	0.9300	  	 	 	0.9228	  	 	 	0.9147	  	 	 	0.9060	  	 	 	0.8965	  	 	 	0.8862	  	 	 	0.8753	  	 	 	0.8634	  	 	 	0.8507	  	 	 	0.8373	  	 	 	0.8231	  	 	 	0.8080	  	 	 	0.7920	  	 	 	0.7753	  	 	 	0.7579	  
	 	 	76	  	 	 	0.9454	  	 	 	0.9398	  	 	 	0.9335	  	 	 	0.9266	  	 	 	0.9189	  	 	 	0.9106	  	 	 	0.9015	  	 	 	0.8915	  	 	 	0.8809	  	 	 	0.8694	  	 	 	0.8572	  	 	 	0.8441	  	 	 	0.8303	  	 	 	0.8155	  	 	 	0.8000	  	 	 	0.7835	  	 	 	0.7665	  
	 	 	77	  	 	 	0.9483	  	 	 	0.9429	  	 	 	0.9369	  	 	 	0.9303	  	 	 	0.9230	  	 	 	0.9149	  	 	 	0.9062	  	 	 	0.8966	  	 	 	0.8864	  	 	 	0.8752	  	 	 	0.8634	  	 	 	0.8508	  	 	 	0.8374	  	 	 	0.8230	  	 	 	0.8078	  	 	 	0.7917	  	 	 	0.7750	  
	 	 	78	  	 	 	0.9510	  	 	 	0.9460	  	 	 	0.9402	  	 	 	0.9339	  	 	 	0.9269	  	 	 	0.9192	  	 	 	0.9108	  	 	 	0.9016	  	 	 	0.8918	  	 	 	0.8810	  	 	 	0.8695	  	 	 	0.8573	  	 	 	0.8443	  	 	 	0.8304	  	 	 	0.8156	  	 	 	0.7998	  	 	 	0.7836	  
	 	 	79	  	 	 	0.9536	  	 	 	0.9488	  	 	 	0.9433	  	 	 	0.9374	  	 	 	0.9307	  	 	 	0.9233	  	 	 	0.9152	  	 	 	0.9064	  	 	 	0.8969	  	 	 	0.8866	  	 	 	0.8755	  	 	 	0.8638	  	 	 	0.8512	  	 	 	0.8376	  	 	 	0.8232	  	 	 	0.8080	  	 	 	0.7920	  
	 	 	80	  	 	 	0.9561	  	 	 	0.9515	  	 	 	0.9464	  	 	 	0.9407	  	 	 	0.9343	  	 	 	0.9272	  	 	 	0.9196	  	 	 	0.9111	  	 	 	0.9019	  	 	 	0.8921	  	 	 	0.8814	  	 	 	0.8700	  	 	 	0.8578	  	 	 	0.8447	  	 	 	0.8307	  	 	 	0.8159	  	 	 	0.8003	  
	 	 	81	  	 	 	0.9585	  	 	 	0.9542	  	 	 	0.9493	  	 	 	0.9438	  	 	 	0.9378	  	 	 	0.9310	  	 	 	0.9237	  	 	 	0.9156	  	 	 	0.9069	  	 	 	0.8973	  	 	 	0.8871	  	 	 	0.8761	  	 	 	0.8643	  	 	 	0.8517	  	 	 	0.8382	  	 	 	0.8237	  	 	 	0.8085	  
	 	 	82	  	 	 	0.9608	  	 	 	0.9567	  	 	 	0.9521	  	 	 	0.9469	  	 	 	0.9412	  	 	 	0.9347	  	 	 	0.9277	  	 	 	0.9200	  	 	 	0.9116	  	 	 	0.9025	  	 	 	0.8926	  	 	 	0.8821	  	 	 	0.8708	  	 	 	0.8585	  	 	 	0.8454	  	 	 	0.8314	  	 	 	0.8167	  
	 	 	83	  	 	 	0.9631	  	 	 	0.9592	  	 	 	0.9548	  	 	 	0.9498	  	 	 	0.9444	  	 	 	0.9383	  	 	 	0.9316	  	 	 	0.9242	  	 	 	0.9162	  	 	 	0.9075	  	 	 	0.8980	  	 	 	0.8880	  	 	 	0.8770	  	 	 	0.8652	  	 	 	0.8525	  	 	 	0.8389	  	 	 	0.8247	  
	 	 	84	  	 	 	0.9652	  	 	 	0.9615	  	 	 	0.9573	  	 	 	0.9527	  	 	 	0.9475	  	 	 	0.9417	  	 	 	0.9354	  	 	 	0.9283	  	 	 	0.9207	  	 	 	0.9123	  	 	 	0.9033	  	 	 	0.8936	  	 	 	0.8831	  	 	 	0.8717	  	 	 	0.8595	  	 	 	0.8464	  	 	 	0.8326	  
	 	 	85	  	 	 	0.9672	  	 	 	0.9637	  	 	 	0.9598	  	 	 	0.9554	  	 	 	0.9504	  	 	 	0.9450	  	 	 	0.9390	  	 	 	0.9323	  	 	 	0.9250	  	 	 	0.9170	  	 	 	0.9084	  	 	 	0.8991	  	 	 	0.8891	  	 	 	0.8781	  	 	 	0.8664	  	 	 	0.8537	  	 	 	0.8403	  

  
 127 

 APPENDICES 

Sub appendix A. 3 
 Table
D 
 50% Joint and Survivor Without Pop-Up 

CEI Participants*** 
 ***
On March 12, 2012, This Table was corrected—the age of the pensioner on pages 1, 3, and 5 had to be corrected. 
 Age of
Pensioner 
  

																																																																									
	  
 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	25	  	 	 	0.9910	  	 	 	0.9903	  	 	 	0.9894	  	 	 	0.9885	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9853	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9812	  	 	 	0.9796	  	 	 	0.9779	  	 	 	0.9760	  	 	 	0.9741	  	 	 	0.9719	  	 	 	0.9696	  	 	 	0.9671	  
	 	 	26	  	 	 	0.9912	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9878	  	 	 	0.9868	  	 	 	0.9856	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9816	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9765	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9701	  	 	 	0.9676	  
	 	 	27	  	 	 	0.9914	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9890	  	 	 	0.9881	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9848	  	 	 	0.9834	  	 	 	0.9820	  	 	 	0.9804	  	 	 	0.9787	  	 	 	0.9770	  	 	 	0.9750	  	 	 	0.9729	  	 	 	0.9706	  	 	 	0.9682	  
	 	 	28	  	 	 	0.9917	  	 	 	0.9910	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9825	  	 	 	0.9810	  	 	 	0.9793	  	 	 	0.9775	  	 	 	0.9755	  	 	 	0.9735	  	 	 	0.9712	  	 	 	0.9688	  
	 	 	29	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9842	  	 	 	0.9829	  	 	 	0.9814	  	 	 	0.9797	  	 	 	0.9780	  	 	 	0.9761	  	 	 	0.9740	  	 	 	0.9718	  	 	 	0.9694	  
	 	 	30	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9908	  	 	 	0.9899	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9834	  	 	 	0.9818	  	 	 	0.9802	  	 	 	0.9785	  	 	 	0.9766	  	 	 	0.9746	  	 	 	0.9724	  	 	 	0.9700	  
	 	 	31	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9903	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9790	  	 	 	0.9772	  	 	 	0.9752	  	 	 	0.9730	  	 	 	0.9706	  
	 	 	32	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9898	  	 	 	0.9888	  	 	 	0.9878	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9777	  	 	 	0.9758	  	 	 	0.9737	  	 	 	0.9713	  
	 	 	33	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9892	  	 	 	0.9881	  	 	 	0.9872	  	 	 	0.9859	  	 	 	0.9847	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9764	  	 	 	0.9743	  	 	 	0.9720	  
	 	 	34	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9919	  	 	 	0.9912	  	 	 	0.9904	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9875	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9838	  	 	 	0.9823	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9749	  	 	 	0.9727	  
	 	 	35	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9880	  	 	 	0.9867	  	 	 	0.9856	  	 	 	0.9843	  	 	 	0.9828	  	 	 	0.9812	  	 	 	0.9795	  	 	 	0.9776	  	 	 	0.9756	  	 	 	0.9734	  
	 	 	36	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9893	  	 	 	0.9883	  	 	 	0.9872	  	 	 	0.9861	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9818	  	 	 	0.9801	  	 	 	0.9783	  	 	 	0.9763	  	 	 	0.9741	  
	 	 	37	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9824	  	 	 	0.9807	  	 	 	0.9789	  	 	 	0.9770	  	 	 	0.9749	  
	 	 	38	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9930	  	 	 	0.9923	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9844	  	 	 	0.9830	  	 	 	0.9813	  	 	 	0.9796	  	 	 	0.9777	  	 	 	0.9755	  
	 	 	39	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9920	  	 	 	0.9913	  	 	 	0.9904	  	 	 	0.9895	  	 	 	0.9884	  	 	 	0.9874	  	 	 	0.9863	  	 	 	0.9850	  	 	 	0.9835	  	 	 	0.9820	  	 	 	0.9803	  	 	 	0.9784	  	 	 	0.9763	  
	 	 	40	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9923	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9899	  	 	 	0.9889	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9855	  	 	 	0.9841	  	 	 	0.9826	  	 	 	0.9809	  	 	 	0.9791	  	 	 	0.9770	  
	 	 	41	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9938	  	 	 	0.9932	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9903	  	 	 	0.9893	  	 	 	0.9884	  	 	 	0.9872	  	 	 	0.9860	  	 	 	0.9847	  	 	 	0.9832	  	 	 	0.9816	  	 	 	0.9798	  	 	 	0.9779	  
	 	 	42	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9915	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9889	  	 	 	0.9877	  	 	 	0.9865	  	 	 	0.9852	  	 	 	0.9838	  	 	 	0.9822	  	 	 	0.9805	  	 	 	0.9786	  
	 	 	43	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9911	  	 	 	0.9902	  	 	 	0.9892	  	 	 	0.9882	  	 	 	0.9870	  	 	 	0.9858	  	 	 	0.9845	  	 	 	0.9829	  	 	 	0.9812	  	 	 	0.9794	  
	 	 	44	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9897	  	 	 	0.9887	  	 	 	0.9876	  	 	 	0.9863	  	 	 	0.9851	  	 	 	0.9836	  	 	 	0.9819	  	 	 	0.9801	  
	 	 	45	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9924	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9881	  	 	 	0.9869	  	 	 	0.9857	  	 	 	0.9842	  	 	 	0.9826	  	 	 	0.9809	  
	 	 	46	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9913	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9862	  	 	 	0.9848	  	 	 	0.9833	  	 	 	0.9816	  
	 	 	47	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9868	  	 	 	0.9855	  	 	 	0.9840	  	 	 	0.9824	  
	 	 	48	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9895	  	 	 	0.9885	  	 	 	0.9874	  	 	 	0.9861	  	 	 	0.9847	  	 	 	0.9831	  
	 	 	49	  	 	 	0.9962	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9937	  	 	 	0.9932	  	 	 	0.9925	  	 	 	0.9918	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9890	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9854	  	 	 	0.9838	  
	 	 	50	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9921	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  	 	 	0.9845	  
	 	 	51	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9909	  	 	 	0.9900	  	 	 	0.9891	  	 	 	0.9879	  	 	 	0.9867	  	 	 	0.9853	  
	 	 	52	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9941	  	 	 	0.9934	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9905	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  	 	 	0.9860	  
	 	 	53	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9957	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9938	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9918	  	 	 	0.9910	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  	 	 	0.9867	  
	 	 	54	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9951	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9914	  	 	 	0.9906	  	 	 	0.9896	  	 	 	0.9885	  	 	 	0.9873	  
	 	 	55	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9950	  	 	 	0.9944	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9926	  	 	 	0.9919	  	 	 	0.9911	  	 	 	0.9901	  	 	 	0.9891	  	 	 	0.9880	  

  
 128 

 APPENDICES 

Sub appendix A. 3 
 Table
D 
 50% Joint and Survivor Without Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	  
  
 

	 	 	 	 	25	 	 	26	 	 	27	 	 	28	 	 	29	 	 	30	 	 	31	 	 	32	 	 	33	 	 	34	 	 	35	 	 	36	 	 	37	 	 	38	 	 	39	 	 	40	 	 	41	 
	 	 	56	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9953	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9937	  	 	 	0.9930	  	 	 	0.9924	  	 	 	0.9916	  	 	 	0.9907	  	 	 	0.9897	  	 	 	0.9886	  
	 	 	57	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9946	  	 	 	0.9940	  	 	 	0.9934	  	 	 	0.9927	  	 	 	0.9920	  	 	 	0.9912	  	 	 	0.9902	  	 	 	0.9892	  
	 	 	58	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9949	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9931	  	 	 	0.9925	  	 	 	0.9917	  	 	 	0.9908	  	 	 	0.9898	  
	 	 	59	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9960	  	 	 	0.9955	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9941	  	 	 	0.9936	  	 	 	0.9929	  	 	 	0.9922	  	 	 	0.9913	  	 	 	0.9903	  
	 	 	60	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9939	  	 	 	0.9933	  	 	 	0.9927	  	 	 	0.9919	  	 	 	0.9910	  
	 	 	61	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9948	  	 	 	0.9943	  	 	 	0.9938	  	 	 	0.9931	  	 	 	0.9923	  	 	 	0.9915	  
	 	 	62	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9961	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9946	  	 	 	0.9942	  	 	 	0.9935	  	 	 	0.9928	  	 	 	0.9920	  
	 	 	63	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9950	  	 	 	0.9945	  	 	 	0.9940	  	 	 	0.9932	  	 	 	0.9925	  
	 	 	64	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9967	  	 	 	0.9965	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9953	  	 	 	0.9948	  	 	 	0.9944	  	 	 	0.9937	  	 	 	0.9930	  
	 	 	65	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  	 	 	0.9947	  	 	 	0.9942	  	 	 	0.9934	  
	 	 	66	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9963	  	 	 	0.9959	  	 	 	0.9955	  	 	 	0.9951	  	 	 	0.9946	  	 	 	0.9939	  
	 	 	67	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9973	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9966	  	 	 	0.9962	  	 	 	0.9958	  	 	 	0.9954	  	 	 	0.9949	  	 	 	0.9944	  
	 	 	68	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9969	  	 	 	0.9965	  	 	 	0.9961	  	 	 	0.9957	  	 	 	0.9953	  	 	 	0.9948	  
	 	 	69	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9980	  	 	 	0.9977	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9971	  	 	 	0.9968	  	 	 	0.9965	  	 	 	0.9960	  	 	 	0.9956	  	 	 	0.9952	  
	 	 	70	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  	 	 	0.9970	  	 	 	0.9968	  	 	 	0.9964	  	 	 	0.9960	  	 	 	0.9955	  
	 	 	71	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9970	  	 	 	0.9967	  	 	 	0.9963	  	 	 	0.9959	  
	 	 	72	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9966	  	 	 	0.9962	  
	 	 	73	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9983	  	 	 	0.9983	  	 	 	0.9981	  	 	 	0.9979	  	 	 	0.9977	  	 	 	0.9975	  	 	 	0.9972	  	 	 	0.9969	  	 	 	0.9965	  
	 	 	74	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9974	  	 	 	0.9971	  	 	 	0.9968	  
	 	 	75	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9986	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9977	  	 	 	0.9973	  	 	 	0.9970	  
	 	 	76	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9987	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  	 	 	0.9973	  
	 	 	77	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9981	  	 	 	0.9978	  	 	 	0.9976	  
	 	 	78	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9989	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  	 	 	0.9977	  
	 	 	79	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9990	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9982	  	 	 	0.9980	  
	 	 	80	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9984	  	 	 	0.9981	  
	 	 	81	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9988	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  	 	 	0.9983	  
	 	 	82	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9987	  	 	 	0.9985	  
	 	 	83	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9995	  	 	 	0.9993	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9988	  	 	 	0.9986	  
	 	 	84	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  	 	 	0.9987	  
	 	 	85	  	 	 	0.9997	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9996	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9995	  	 	 	0.9994	  	 	 	0.9993	  	 	 	0.9992	  	 	 	0.9992	  	 	 	0.9991	  	 	 	0.9990	  	 	 	0.9989	  

  
 129 

 APPENDICES 
  

 Sub appendix A. 3 

Table D 
 50% Joint and
Survivor Without Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
  
 

	 	 	 	 	42	 	 	43	 	 	44	 	 	45	 	 	46	 	 	47	 	 	48	 	 	49	 	 	50	 	 	51	 	 	52	 	 	53	 	 	54	 	 	55	 	 	56	 	 	57	 	 	58	 
	 	 	25	  	 	 	0.9645	  	 	 	0.9616	  	 	 	0.9586	  	 	 	0.9553	  	 	 	0.9519	  	 	 	0.9483	  	 	 	0.9444	  	 	 	0.9403	  	 	 	0.9360	  	 	 	0.9314	  	 	 	0.9266	  	 	 	0.9215	  	 	 	0.9159	  	 	 	0.9101	  	 	 	0.9039	  	 	 	0.8974	  	 	 	0.8903	  
	 	 	26	  	 	 	0.9651	  	 	 	0.9622	  	 	 	0.9592	  	 	 	0.9559	  	 	 	0.9526	  	 	 	0.9490	  	 	 	0.9451	  	 	 	0.9411	  	 	 	0.9367	  	 	 	0.9321	  	 	 	0.9274	  	 	 	0.9222	  	 	 	0.9167	  	 	 	0.9109	  	 	 	0.9047	  	 	 	0.8982	  	 	 	0.8912	  
	 	 	27	  	 	 	0.9657	  	 	 	0.9628	  	 	 	0.9598	  	 	 	0.9566	  	 	 	0.9533	  	 	 	0.9497	  	 	 	0.9458	  	 	 	0.9417	  	 	 	0.9374	  	 	 	0.9329	  	 	 	0.9281	  	 	 	0.9230	  	 	 	0.9175	  	 	 	0.9117	  	 	 	0.9055	  	 	 	0.8990	  	 	 	0.8920	  
	 	 	28	  	 	 	0.9662	  	 	 	0.9635	  	 	 	0.9605	  	 	 	0.9573	  	 	 	0.9539	  	 	 	0.9504	  	 	 	0.9465	  	 	 	0.9425	  	 	 	0.9383	  	 	 	0.9337	  	 	 	0.9289	  	 	 	0.9238	  	 	 	0.9184	  	 	 	0.9126	  	 	 	0.9064	  	 	 	0.8999	  	 	 	0.8929	  
	 	 	29	  	 	 	0.9669	  	 	 	0.9641	  	 	 	0.9611	  	 	 	0.9580	  	 	 	0.9547	  	 	 	0.9511	  	 	 	0.9473	  	 	 	0.9433	  	 	 	0.9391	  	 	 	0.9345	  	 	 	0.9298	  	 	 	0.9247	  	 	 	0.9192	  	 	 	0.9135	  	 	 	0.9073	  	 	 	0.9008	  	 	 	0.8939	  
	 	 	30	  	 	 	0.9675	  	 	 	0.9648	  	 	 	0.9619	  	 	 	0.9587	  	 	 	0.9554	  	 	 	0.9519	  	 	 	0.9481	  	 	 	0.9442	  	 	 	0.9399	  	 	 	0.9354	  	 	 	0.9307	  	 	 	0.9256	  	 	 	0.9201	  	 	 	0.9145	  	 	 	0.9083	  	 	 	0.9018	  	 	 	0.8949	  
	 	 	31	  	 	 	0.9682	  	 	 	0.9654	  	 	 	0.9626	  	 	 	0.9595	  	 	 	0.9562	  	 	 	0.9527	  	 	 	0.9490	  	 	 	0.9450	  	 	 	0.9408	  	 	 	0.9363	  	 	 	0.9316	  	 	 	0.9266	  	 	 	0.9212	  	 	 	0.9154	  	 	 	0.9093	  	 	 	0.9029	  	 	 	0.8959	  
	 	 	32	  	 	 	0.9689	  	 	 	0.9662	  	 	 	0.9634	  	 	 	0.9602	  	 	 	0.9570	  	 	 	0.9535	  	 	 	0.9498	  	 	 	0.9459	  	 	 	0.9417	  	 	 	0.9373	  	 	 	0.9326	  	 	 	0.9276	  	 	 	0.9222	  	 	 	0.9166	  	 	 	0.9104	  	 	 	0.9040	  	 	 	0.8971	  
	 	 	33	  	 	 	0.9696	  	 	 	0.9669	  	 	 	0.9641	  	 	 	0.9610	  	 	 	0.9579	  	 	 	0.9544	  	 	 	0.9507	  	 	 	0.9468	  	 	 	0.9426	  	 	 	0.9383	  	 	 	0.9336	  	 	 	0.9287	  	 	 	0.9233	  	 	 	0.9176	  	 	 	0.9115	  	 	 	0.9051	  	 	 	0.8982	  
	 	 	34	  	 	 	0.9703	  	 	 	0.9677	  	 	 	0.9649	  	 	 	0.9619	  	 	 	0.9587	  	 	 	0.9553	  	 	 	0.9517	  	 	 	0.9478	  	 	 	0.9437	  	 	 	0.9393	  	 	 	0.9347	  	 	 	0.9297	  	 	 	0.9244	  	 	 	0.9188	  	 	 	0.9127	  	 	 	0.9063	  	 	 	0.8995	  
	 	 	35	  	 	 	0.9711	  	 	 	0.9685	  	 	 	0.9658	  	 	 	0.9628	  	 	 	0.9596	  	 	 	0.9563	  	 	 	0.9526	  	 	 	0.9488	  	 	 	0.9447	  	 	 	0.9404	  	 	 	0.9358	  	 	 	0.9309	  	 	 	0.9256	  	 	 	0.9200	  	 	 	0.9140	  	 	 	0.9077	  	 	 	0.9008	  
	 	 	36	  	 	 	0.9718	  	 	 	0.9693	  	 	 	0.9666	  	 	 	0.9636	  	 	 	0.9605	  	 	 	0.9572	  	 	 	0.9536	  	 	 	0.9498	  	 	 	0.9458	  	 	 	0.9415	  	 	 	0.9370	  	 	 	0.9321	  	 	 	0.9268	  	 	 	0.9213	  	 	 	0.9153	  	 	 	0.9089	  	 	 	0.9021	  
	 	 	37	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9674	  	 	 	0.9645	  	 	 	0.9615	  	 	 	0.9582	  	 	 	0.9546	  	 	 	0.9509	  	 	 	0.9469	  	 	 	0.9426	  	 	 	0.9382	  	 	 	0.9333	  	 	 	0.9280	  	 	 	0.9226	  	 	 	0.9166	  	 	 	0.9104	  	 	 	0.9036	  
	 	 	38	  	 	 	0.9734	  	 	 	0.9710	  	 	 	0.9683	  	 	 	0.9655	  	 	 	0.9624	  	 	 	0.9592	  	 	 	0.9557	  	 	 	0.9520	  	 	 	0.9481	  	 	 	0.9439	  	 	 	0.9394	  	 	 	0.9346	  	 	 	0.9294	  	 	 	0.9240	  	 	 	0.9181	  	 	 	0.9118	  	 	 	0.9051	  
	 	 	39	  	 	 	0.9742	  	 	 	0.9718	  	 	 	0.9692	  	 	 	0.9664	  	 	 	0.9635	  	 	 	0.9603	  	 	 	0.9568	  	 	 	0.9531	  	 	 	0.9492	  	 	 	0.9451	  	 	 	0.9407	  	 	 	0.9360	  	 	 	0.9308	  	 	 	0.9254	  	 	 	0.9195	  	 	 	0.9133	  	 	 	0.9067	  
	 	 	40	  	 	 	0.9750	  	 	 	0.9726	  	 	 	0.9701	  	 	 	0.9673	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9579	  	 	 	0.9544	  	 	 	0.9505	  	 	 	0.9464	  	 	 	0.9420	  	 	 	0.9373	  	 	 	0.9322	  	 	 	0.9269	  	 	 	0.9211	  	 	 	0.9149	  	 	 	0.9083	  
	 	 	41	  	 	 	0.9758	  	 	 	0.9735	  	 	 	0.9710	  	 	 	0.9683	  	 	 	0.9655	  	 	 	0.9624	  	 	 	0.9591	  	 	 	0.9556	  	 	 	0.9517	  	 	 	0.9477	  	 	 	0.9434	  	 	 	0.9388	  	 	 	0.9337	  	 	 	0.9285	  	 	 	0.9227	  	 	 	0.9166	  	 	 	0.9100	  
	 	 	42	  	 	 	0.9766	  	 	 	0.9744	  	 	 	0.9719	  	 	 	0.9693	  	 	 	0.9665	  	 	 	0.9635	  	 	 	0.9602	  	 	 	0.9568	  	 	 	0.9530	  	 	 	0.9491	  	 	 	0.9448	  	 	 	0.9402	  	 	 	0.9353	  	 	 	0.9301	  	 	 	0.9243	  	 	 	0.9183	  	 	 	0.9118	  
	 	 	43	  	 	 	0.9774	  	 	 	0.9753	  	 	 	0.9729	  	 	 	0.9703	  	 	 	0.9676	  	 	 	0.9646	  	 	 	0.9614	  	 	 	0.9580	  	 	 	0.9543	  	 	 	0.9505	  	 	 	0.9463	  	 	 	0.9417	  	 	 	0.9369	  	 	 	0.9317	  	 	 	0.9261	  	 	 	0.9200	  	 	 	0.9136	  
	 	 	44	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9713	  	 	 	0.9686	  	 	 	0.9658	  	 	 	0.9626	  	 	 	0.9593	  	 	 	0.9557	  	 	 	0.9518	  	 	 	0.9478	  	 	 	0.9433	  	 	 	0.9385	  	 	 	0.9334	  	 	 	0.9278	  	 	 	0.9219	  	 	 	0.9155	  
	 	 	45	  	 	 	0.9790	  	 	 	0.9770	  	 	 	0.9748	  	 	 	0.9723	  	 	 	0.9697	  	 	 	0.9669	  	 	 	0.9638	  	 	 	0.9606	  	 	 	0.9571	  	 	 	0.9533	  	 	 	0.9493	  	 	 	0.9449	  	 	 	0.9401	  	 	 	0.9352	  	 	 	0.9296	  	 	 	0.9238	  	 	 	0.9175	  
	 	 	46	  	 	 	0.9799	  	 	 	0.9778	  	 	 	0.9757	  	 	 	0.9733	  	 	 	0.9708	  	 	 	0.9681	  	 	 	0.9651	  	 	 	0.9619	  	 	 	0.9584	  	 	 	0.9548	  	 	 	0.9508	  	 	 	0.9465	  	 	 	0.9418	  	 	 	0.9369	  	 	 	0.9315	  	 	 	0.9258	  	 	 	0.9195	  
	 	 	47	  	 	 	0.9807	  	 	 	0.9787	  	 	 	0.9766	  	 	 	0.9743	  	 	 	0.9719	  	 	 	0.9692	  	 	 	0.9663	  	 	 	0.9632	  	 	 	0.9599	  	 	 	0.9562	  	 	 	0.9524	  	 	 	0.9482	  	 	 	0.9436	  	 	 	0.9387	  	 	 	0.9334	  	 	 	0.9277	  	 	 	0.9216	  
	 	 	48	  	 	 	0.9815	  	 	 	0.9796	  	 	 	0.9775	  	 	 	0.9753	  	 	 	0.9730	  	 	 	0.9704	  	 	 	0.9675	  	 	 	0.9645	  	 	 	0.9613	  	 	 	0.9577	  	 	 	0.9539	  	 	 	0.9499	  	 	 	0.9453	  	 	 	0.9406	  	 	 	0.9354	  	 	 	0.9297	  	 	 	0.9237	  
	 	 	49	  	 	 	0.9823	  	 	 	0.9804	  	 	 	0.9785	  	 	 	0.9763	  	 	 	0.9741	  	 	 	0.9715	  	 	 	0.9688	  	 	 	0.9659	  	 	 	0.9627	  	 	 	0.9593	  	 	 	0.9556	  	 	 	0.9516	  	 	 	0.9471	  	 	 	0.9425	  	 	 	0.9374	  	 	 	0.9319	  	 	 	0.9259	  
	 	 	50	  	 	 	0.9831	  	 	 	0.9813	  	 	 	0.9794	  	 	 	0.9773	  	 	 	0.9751	  	 	 	0.9727	  	 	 	0.9700	  	 	 	0.9672	  	 	 	0.9641	  	 	 	0.9608	  	 	 	0.9572	  	 	 	0.9532	  	 	 	0.9489	  	 	 	0.9444	  	 	 	0.9394	  	 	 	0.9340	  	 	 	0.9282	  
	 	 	51	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9739	  	 	 	0.9712	  	 	 	0.9685	  	 	 	0.9655	  	 	 	0.9622	  	 	 	0.9588	  	 	 	0.9550	  	 	 	0.9508	  	 	 	0.9464	  	 	 	0.9415	  	 	 	0.9362	  	 	 	0.9305	  
	 	 	52	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9792	  	 	 	0.9772	  	 	 	0.9750	  	 	 	0.9725	  	 	 	0.9698	  	 	 	0.9670	  	 	 	0.9638	  	 	 	0.9605	  	 	 	0.9567	  	 	 	0.9527	  	 	 	0.9483	  	 	 	0.9435	  	 	 	0.9384	  	 	 	0.9328	  
	 	 	53	  	 	 	0.9853	  	 	 	0.9838	  	 	 	0.9821	  	 	 	0.9802	  	 	 	0.9782	  	 	 	0.9761	  	 	 	0.9737	  	 	 	0.9712	  	 	 	0.9684	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9585	  	 	 	0.9546	  	 	 	0.9503	  	 	 	0.9456	  	 	 	0.9406	  	 	 	0.9351	  
	 	 	54	  	 	 	0.9860	  	 	 	0.9846	  	 	 	0.9830	  	 	 	0.9812	  	 	 	0.9793	  	 	 	0.9772	  	 	 	0.9749	  	 	 	0.9724	  	 	 	0.9698	  	 	 	0.9668	  	 	 	0.9637	  	 	 	0.9602	  	 	 	0.9564	  	 	 	0.9523	  	 	 	0.9478	  	 	 	0.9429	  	 	 	0.9376	  
	 	 	55	  	 	 	0.9867	  	 	 	0.9853	  	 	 	0.9839	  	 	 	0.9821	  	 	 	0.9803	  	 	 	0.9783	  	 	 	0.9761	  	 	 	0.9738	  	 	 	0.9711	  	 	 	0.9683	  	 	 	0.9653	  	 	 	0.9620	  	 	 	0.9582	  	 	 	0.9544	  	 	 	0.9499	  	 	 	0.9452	  	 	 	0.9400	  

  
 130 

 APPENDICES 
  

 Sub appendix A. 3 

Table D 
 50% Joint and
Survivor Without Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
 

		 	 		42	 		43	 		44	 		45	 		45	 		47	 		418	 		49	 		50	 		51	 		52	 		53	 		54	 		55	 		56	 		57	 		58	 
		 	56	  		 	0.9874	  		 	0.9861	  		 	0.9846	  		 	0.9830	  		 	0.9813	  		 	0.9794	  		 	0.9773	  		 	0.9750	  		 	0.9726	  		 	0.9698	  		 	0.9670	  		 	0.9637	  		 	0.9602	  		 	0.9563	  		 	0.9521	  		 	0.9475	  		 	0.9424	  
		 	57	  		 	0.9881	  		 	0.9868	  		 	0.9855	  		 	0.9839	  		 	0.9823	  		 	0.9804	  		 	0.9785	  		 	0.9763	  		 	0.9739	  		 	0.9714	  		 	0.9686	  		 	0.9654	  		 	0.9620	  		 	0.9583	  		 	0.9542	  		 	0.9498	  		 	0.9449	  
		 	58	  		 	0.9887	  		 	0.9876	  		 	0.9863	  		 	0.9848	  		 	0.9832	  		 	0.9815	  		 	0.9796	  		 	0.9775	  		 	0.9753	  		 	0.9728	  		 	0.9701	  		 	0.9672	  		 	0.9638	  		 	0.9604	  		 	0.9563	  		 	0.9521	  		 	0.9473	  
		 	59	  		 	0.9894	  		 	0.9883	  		 	0.9870	  		 	0.9856	  		 	0.9842	  		 	0.9825	  		 	0.9807	  		 	0.9788	  		 	0.9766	  		 	0.9742	  		 	0.9717	  		 	0.9689	  		 	0.9657	  		 	0.9623	  		 	0.9585	  		 	0.9544	  		 	0.9498	  
		 	60	  		 	0.9901	  		 	0.9890	  		 	0.9877	  		 	0.9864	  		 	0.9850	  		 	0.9835	  		 	0.9818	  		 	0.9799	  		 	0.9778	  		 	0.9756	  		 	0.9733	  		 	0.9705	  		 	0.9675	  		 	0.9643	  		 	0.9606	  		 	0.9567	  		 	0.9523	  
		 	61	  		 	0.9906	  		 	0.9896	  		 	0.9885	  		 	0.9872	  		 	0.9859	  		 	0.9845	  		 	0.9828	  		 	0.9811	  		 	0.9791	  		 	0.9770	  		 	0.9747	  		 	0.9722	  		 	0.9693	  		 	0.9662	  		 	0.9627	  		 	0.9589	  		 	0.9547	  
		 	62	  		 	0.9912	  		 	0.9902	  		 	0.9892	  		 	0.9880	  		 	0.9868	  		 	0.9854	  		 	0.9839	  		 	0.9822	  		 	0.9803	  		 	0.9784	  		 	0.9762	  		 	0.9738	  		 	0.9710	  		 	0.9681	  		 	0.9648	  		 	0.9612	  		 	0.9572	  
		 	63	  		 	0.9918	  		 	0.9909	  		 	0.9899	  		 	0.9888	  		 	0.9876	  		 	0.9863	  		 	0.9848	  		 	0.9833	  		 	0.9815	  		 	0.9797	  		 	0.9777	  		 	0.9754	  		 	0.9728	  		 	0.9699	  		 	0.9668	  		 	0.9634	  		 	0.9595	  
		 	64	  		 	0.9923	  		 	0.9915	  		 	0.9906	  		 	0.9895	  		 	0.9884	  		 	0.9872	  		 	0.9858	  		 	0.9844	  		 	0.9827	  		 	0.9810	  		 	0.9790	  		 	0.9768	  		 	0.9744	  		 	0.9718	  		 	0.9688	  		 	0.9655	  		 	0.9618	  
		 	65	  		 	0.9929	  		 	0.9920	  		 	0.9912	  		 	0.9902	  		 	0.9892	  		 	0.9880	  		 	0.9867	  		 	0.9853	  		 	0.9838	  		 	0.9822	  		 	0.9804	  		 	0.9783	  		 	0.9760	  		 	0.9735	  		 	0.9707	  		 	0.9676	  		 	0.9642	  
		 	66	  		 	0.9933	  		 	0.9926	  		 	0.9917	  		 	0.9908	  		 	0.9899	  		 	0.9888	  		 	0.9876	  		 	0.9863	  		 	0.9849	  		 	0.9833	  		 	0.9817	  		 	0.9797	  		 	0.9776	  		 	0.9753	  		 	0.9726	  		 	0.9697	  		 	0.9664	  
		 	67	  		 	0.9938	  		 	0.9931	  		 	0.9924	  		 	0.9914	  		 	0.9906	  		 	0.9896	  		 	0.9884	  		 	0.9873	  		 	0.9859	  		 	0.9845	  		 	0.9829	  		 	0.9812	  		 	0.9791	  		 	0.9769	  		 	0.9744	  		 	0.9716	  		 	0.9685	  
		 	68	  		 	0.9943	  		 	0.9936	  		 	0.9928	  		 	0.9921	  		 	0.9912	  		 	0.9904	  		 	0.9892	  		 	0.9882	  		 	0.9869	  		 	0.9856	  		 	0.9841	  		 	0.9824	  		 	0.9805	  		 	0.9785	  		 	0.9761	  		 	0.9736	  		 	0.9706	  
		 	69	  		 	0.9947	  		 	0.9941	  		 	0.9934	  		 	0.9926	  		 	0.9919	  		 	0.9910	  		 	0.9900	  		 	0.9890	  		 	0.9878	  		 	0.9866	  		 	0.9852	  		 	0.9837	  		 	0.9819	  		 	0.9800	  		 	0.9778	  		 	0.9754	  		 	0.9727	  
		 	70	  		 	0.9950	  		 	0.9945	  		 	0.9939	  		 	0.9932	  		 	0.9925	  		 	0.9917	  		 	0.9908	  		 	0.9898	  		 	0.9887	  		 	0.9875	  		 	0.9863	  		 	0.9849	  		 	0.9832	  		 	0.9815	  		 	0.9794	  		 	0.9772	  		 	0.9746	  
		 	71	  		 	0.9954	  		 	0.9949	  		 	0.9943	  		 	0.9937	  		 	0.9931	  		 	0.9923	  		 	0.9915	  		 	0.9906	  		 	0.9896	  		 	0.9885	  		 	0.9873	  		 	0.9860	  		 	0.9845	  		 	0.9829	  		 	0.9809	  		 	0.9789	  		 	0.9765	  
		 	72	  		 	0.9958	  		 	0.9953	  		 	0.9948	  		 	0.9942	  		 	0.9936	  		 	0.9929	  		 	0.9921	  		 	0.9913	  		 	0.9904	  		 	0.9894	  		 	0.9883	  		 	0.9871	  		 	0.9857	  		 	0.9841	  		 	0.9824	  		 	0.9805	  		 	0.9783	  
		 	73	  		 	0.9961	  		 	0.9957	  		 	0.9952	  		 	0.9946	  		 	0.9941	  		 	0.9935	  		 	0.9927	  		 	0.9920	  		 	0.9912	  		 	0.9902	  		 	0.9892	  		 	0.9881	  		 	0.9868	  		 	0.9854	  		 	0.9838	  		 	0.9820	  		 	0.9799	  
		 	74	  		 	0.9965	  		 	0.9960	  		 	0.9956	  		 	0.9951	  		 	0.9946	  		 	0.9940	  		 	0.9933	  		 	0.9927	  		 	0.9918	  		 	0.9910	  		 	0.9901	  		 	0.9890	  		 	0.9878	  		 	0.9866	  		 	0.9851	  		 	0.9835	  		 	0.9815	  
		 	75	  		 	0.9968	  		 	0.9964	  		 	0.9960	  		 	0.9955	  		 	0.9951	  		 	0.9945	  		 	0.9939	  		 	0.9932	  		 	0.9925	  		 	0.9918	  		 	0.9909	  		 	0.9900	  		 	0.9888	  		 	0.9877	  		 	0.9863	  		 	0.9848	  		 	0.9830	  
		 	76	  		 	0.9971	  		 	0.9967	  		 	0.9963	  		 	0.9958	  		 	0.9955	  		 	0.9950	  		 	0.9943	  		 	0.9938	  		 	0.9932	  		 	0.9924	  		 	0.9917	  		 	0.9908	  		 	0.9898	  		 	0.9887	  		 	0.9874	  		 	0.9861	  		 	0.9845	  
		 	77	  		 	0.9973	  		 	0.9970	  		 	0.9966	  		 	0.9962	  		 	0.9959	  		 	0.9954	  		 	0.9948	  		 	0.9943	  		 	0.9937	  		 	0.9931	  		 	0.9924	  		 	0.9916	  		 	0.9906	  		 	0.9897	  		 	0.9886	  		 	0.9873	  		 	0.9858	  
		 	78	  		 	0.9976	  		 	0.9972	  		 	0.9970	  		 	0.9965	  		 	0.9962	  		 	0.9958	  		 	0.9953	  		 	0.9948	  		 	0.9942	  		 	0.9937	  		 	0.9930	  		 	0.9924	  		 	0.9915	  		 	0.9906	  		 	0.9895	  		 	0.9884	  		 	0.9871	  
		 	79	  		 	0.9978	  		 	0.9975	  		 	0.9972	  		 	0.9969	  		 	0.9965	  		 	0.9962	  		 	0.9957	  		 	0.9953	  		 	0.9947	  		 	0.9943	  		 	0.9937	  		 	0.9930	  		 	0.9922	  		 	0.9915	  		 	0.9905	  		 	0.9894	  		 	0.9881	  
		 	80	  		 	0.9979	  		 	0.9977	  		 	0.9974	  		 	0.9971	  		 	0.9968	  		 	0.9965	  		 	0.9961	  		 	0.9957	  		 	0.9952	  		 	0.9948	  		 	0.9942	  		 	0.9936	  		 	0.9929	  		 	0.9922	  		 	0.9913	  		 	0.9904	  		 	0.9892	  
		 	81	  		 	0.9982	  		 	0.9979	  		 	0.9977	  		 	0.9974	  		 	0.9972	  		 	0.9968	  		 	0.9965	  		 	0.9961	  		 	0.9957	  		 	0.9952	  		 	0.9948	  		 	0.9942	  		 	0.9936	  		 	0.9930	  		 	0.9921	  		 	0.9913	  		 	0.9902	  
		 	82	  		 	0.9983	  		 	0.9982	  		 	0.9979	  		 	0.9976	  		 	0.9974	  		 	0.9971	  		 	0.9968	  		 	0.9964	  		 	0.9961	  		 	0.9957	  		 	0.9952	  		 	0.9948	  		 	0.9942	  		 	0.9936	  		 	0.9928	  		 	0.9921	  		 	0.9911	  
		 	83	  		 	0.9985	  		 	0.9983	  		 	0.9982	  		 	0.9978	  		 	0.9977	  		 	0.9974	  		 	0.9970	  		 	0.9968	  		 	0.9964	  		 	0.9960	  		 	0.9957	  		 	0.9953	  		 	0.9947	  		 	0.9942	  		 	0.9935	  		 	0.9928	  		 	0.9919	  
		 	84	  		 	0.9987	  		 	0.9985	  		 	0.9983	  		 	0.9981	  		 	0.9979	  		 	0.9976	  		 	0.9974	  		 	0.9971	  		 	0.9967	  		 	0.9965	  		 	0.9961	  		 	0.9957	  		 	0.9952	  		 	0.9947	  		 	0.9941	  		 	0.9935	  		 	0.9928	  
		 	85	  		 	0.9988	  		 	0.9986	  		 	0.9985	  		 	0.9982	  		 	0.9981	  		 	0.9979	  		 	0.9976	  		 	0.9973	  		 	0.9971	  		 	0.9968	  		 	0.9965	  		 	0.9961	  		 	0.9956	  		 	0.9952	  		 	0.9946	  		 	0.9941	  		 	0.9935	  

  
 131 

 APPENDICES 

Sub appendix A. 3 
 Table
D 
 50% Joint and Survivor Without Pop-Up 

CEI Participants 
 Age of
Pensioner 
  

																																																																									
	  
 

		 	 		59	 		60	 		61	 		62	 		63	 		64	 		65	 		66	 		67	 		68	 		69	 		70	 		71	 		72	 		73	 		73	 		75	 
		 	25	  		 	0.8828	  		 	0.8749	  		 	0.8665	  		 	0.8576	  		 	0.8481	  		 	0.8382	  		 	0.8277	  		 	0.8167	  		 	0.8052	  		 	0.7932	  		 	0.7806	  		 	0.7676	  		 	0.7541	  		 	0.7400	  		 	0.7254	  		 	0.7102	  		 	0.6948	  
		 	26	  		 	0.8837	  		 	0.8757	  		 	0.8673	  		 	0.8584	  		 	0.8490	  		 	0.8391	  		 	0.8286	  		 	0.8176	  		 	0.8062	  		 	0.7940	  		 	0.7815	  		 	0.7685	  		 	0.7550	  		 	0.7409	  		 	0.7263	  		 	0.7111	  		 	0.6957	  
		 	27	  		 	0.8845	  		 	0.8766	  		 	0.8682	  		 	0.8594	  		 	0.8499	  		 	0.8399	  		 	0.8295	  		 	0.8185	  		 	0.8071	  		 	0.7950	  		 	0.7825	  		 	0.7695	  		 	0.7559	  		 	0.7418	  		 	0.7273	  		 	0.7121	  		 	0.6966	  
		 	28	  		 	0.8854	  		 	0.8776	  		 	0.8691	  		 	0.8603	  		 	0.8508	  		 	0.8409	  		 	0.8305	  		 	0.8195	  		 	0.8080	  		 	0.7960	  		 	0.7835	  		 	0.7704	  		 	0.7569	  		 	0.7428	  		 	0.7282	  		 	0.7130	  		 	0.6975	  
		 	29	  		 	0.8864	  		 	0.8785	  		 	0.8702	  		 	0.8613	  		 	0.8519	  		 	0.8420	  		 	0.8316	  		 	0.8205	  		 	0.8091	  		 	0.7970	  		 	0.7845	  		 	0.7715	  		 	0.7580	  		 	0.7439	  		 	0.7293	  		 	0.7141	  		 	0.6986	  
		 	30	  		 	0.8874	  		 	0.8796	  		 	0.8712	  		 	0.8624	  		 	0.8529	  		 	0.8430	  		 	0.8327	  		 	0.8217	  		 	0.8102	  		 	0.7982	  		 	0.7857	  		 	0.7726	  		 	0.7591	  		 	0.7450	  		 	0.7304	  		 	0.7152	  		 	0.6997	  
		 	31	  		 	0.8885	  		 	0.8807	  		 	0.8723	  		 	0.8635	  		 	0.8541	  		 	0.8442	  		 	0.8338	  		 	0.8228	  		 	0.8114	  		 	0.7994	  		 	0.7869	  		 	0.7739	  		 	0.7603	  		 	0.7462	  		 	0.7316	  		 	0.7165	  		 	0.7010	  
		 	32	  		 	0.8896	  		 	0.8818	  		 	0.8735	  		 	0.8647	  		 	0.8553	  		 	0.8454	  		 	0.8351	  		 	0.8241	  		 	0.8126	  		 	0.8007	  		 	0.7881	  		 	0.7751	  		 	0.7616	  		 	0.7475	  		 	0.7329	  		 	0.7177	  		 	0.7023	  
		 	33	  		 	0.8908	  		 	0.8830	  		 	0.8747	  		 	0.8660	  		 	0.8566	  		 	0.8467	  		 	0.8364	  		 	0.8254	  		 	0.8140	  		 	0.8020	  		 	0.7895	  		 	0.7765	  		 	0.7629	  		 	0.7489	  		 	0.7343	  		 	0.7191	  		 	0.7036	  
		 	34	  		 	0.8921	  		 	0.8844	  		 	0.8761	  		 	0.8673	  		 	0.8580	  		 	0.8481	  		 	0.8377	  		 	0.8268	  		 	0.8154	  		 	0.8034	  		 	0.7909	  		 	0.7779	  		 	0.7644	  		 	0.7503	  		 	0.7357	  		 	0.7205	  		 	0.7050	  
		 	35	  		 	0.8934	  		 	0.8857	  		 	0.8774	  		 	0.8687	  		 	0.8594	  		 	0.8495	  		 	0.8392	  		 	0.8283	  		 	0.8169	  		 	0.8049	  		 	0.7925	  		 	0.7795	  		 	0.7659	  		 	0.7519	  		 	0.7373	  		 	0.7221	  		 	0.7066	  
		 	36	  		 	0.8949	  		 	0.8871	  		 	0.8789	  		 	0.8701	  		 	0.8609	  		 	0.8511	  		 	0.8407	  		 	0.8299	  		 	0.8185	  		 	0.8065	  		 	0.7941	  		 	0.7811	  		 	0.7676	  		 	0.7535	  		 	0.7389	  		 	0.7238	  		 	0.7082	  
		 	37	  		 	0.8963	  		 	0.8886	  		 	0.8804	  		 	0.8717	  		 	0.8624	  		 	0.8527	  		 	0.8424	  		 	0.8315	  		 	0.8201	  		 	0.8082	  		 	0.7957	  		 	0.7828	  		 	0.7693	  		 	0.7553	  		 	0.7406	  		 	0.7254	  		 	0.7099	  
		 	38	  		 	0.8979	  		 	0.8902	  		 	0.8820	  		 	0.8734	  		 	0.8642	  		 	0.8544	  		 	0.8441	  		 	0.8332	  		 	0.8219	  		 	0.8099	  		 	0.7975	  		 	0.7846	  		 	0.7711	  		 	0.7571	  		 	0.7425	  		 	0.7273	  		 	0.7118	  
		 	39	  		 	0.8995	  		 	0.8918	  		 	0.8837	  		 	0.8751	  		 	0.8659	  		 	0.8562	  		 	0.8459	  		 	0.8351	  		 	0.8238	  		 	0.8119	  		 	0.7994	  		 	0.7865	  		 	0.7731	  		 	0.7590	  		 	0.7444	  		 	0.7292	  		 	0.7137	  
		 	40	  		 	0.9011	  		 	0.8936	  		 	0.8855	  		 	0.8768	  		 	0.8677	  		 	0.8580	  		 	0.8479	  		 	0.8371	  		 	0.8257	  		 	0.8138	  		 	0.8014	  		 	0.7885	  		 	0.7751	  		 	0.7611	  		 	0.7465	  		 	0.7313	  		 	0.7158	  
		 	41	  		 	0.9029	  		 	0.8954	  		 	0.8873	  		 	0.8788	  		 	0.8697	  		 	0.8600	  		 	0.8498	  		 	0.8391	  		 	0.8278	  		 	0.8159	  		 	0.8036	  		 	0.7907	  		 	0.7773	  		 	0.7633	  		 	0.7487	  		 	0.7336	  		 	0.7180	  
		 	42	  		 	0.9047	  		 	0.8972	  		 	0.8893	  		 	0.8807	  		 	0.8717	  		 	0.8621	  		 	0.8520	  		 	0.8412	  		 	0.8300	  		 	0.8182	  		 	0.8058	  		 	0.7930	  		 	0.7796	  		 	0.7656	  		 	0.7510	  		 	0.7359	  		 	0.7204	  
		 	43	  		 	0.9067	  		 	0.8992	  		 	0.8913	  		 	0.8828	  		 	0.8738	  		 	0.8642	  		 	0.8542	  		 	0.8435	  		 	0.8323	  		 	0.8205	  		 	0.8082	  		 	0.7953	  		 	0.7820	  		 	0.7680	  		 	0.7535	  		 	0.7383	  		 	0.7229	  
		 	44	  		 	0.9086	  		 	0.9012	  		 	0.8934	  		 	0.8850	  		 	0.8760	  		 	0.8665	  		 	0.8565	  		 	0.8459	  		 	0.8347	  		 	0.8230	  		 	0.8107	  		 	0.7979	  		 	0.7845	  		 	0.7705	  		 	0.7560	  		 	0.7410	  		 	0.7254	  
		 	45	  		 	0.9106	  		 	0.9033	  		 	0.8955	  		 	0.8872	  		 	0.8783	  		 	0.8689	  		 	0.8589	  		 	0.8483	  		 	0.8372	  		 	0.8255	  		 	0.8133	  		 	0.8005	  		 	0.7872	  		 	0.7733	  		 	0.7588	  		 	0.7437	  		 	0.7282	  
		 	46	  		 	0.9127	  		 	0.9055	  		 	0.8978	  		 	0.8896	  		 	0.8807	  		 	0.8714	  		 	0.8614	  		 	0.8509	  		 	0.8399	  		 	0.8282	  		 	0.8161	  		 	0.8033	  		 	0.7900	  		 	0.7761	  		 	0.7616	  		 	0.7466	  		 	0.7311	  
		 	47	  		 	0.9149	  		 	0.9078	  		 	0.9001	  		 	0.8920	  		 	0.8832	  		 	0.8739	  		 	0.8641	  		 	0.8536	  		 	0.8426	  		 	0.8310	  		 	0.8188	  		 	0.8062	  		 	0.7930	  		 	0.7791	  		 	0.7647	  		 	0.7496	  		 	0.7341	  
		 	48	  		 	0.9172	  		 	0.9101	  		 	0.9025	  		 	0.8945	  		 	0.8858	  		 	0.8765	  		 	0.8668	  		 	0.8564	  		 	0.8455	  		 	0.8340	  		 	0.8219	  		 	0.8093	  		 	0.7961	  		 	0.7822	  		 	0.7678	  		 	0.7528	  		 	0.7374	  
		 	49	  		 	0.9195	  		 	0.9125	  		 	0.9050	  		 	0.8970	  		 	0.8885	  		 	0.8793	  		 	0.8696	  		 	0.8593	  		 	0.8485	  		 	0.8370	  		 	0.8250	  		 	0.8124	  		 	0.7993	  		 	0.7855	  		 	0.7711	  		 	0.7561	  		 	0.7407	  
		 	50	  		 	0.9218	  		 	0.9150	  		 	0.9076	  		 	0.8997	  		 	0.8912	  		 	0.8822	  		 	0.8726	  		 	0.8623	  		 	0.8516	  		 	0.8402	  		 	0.8283	  		 	0.8157	  		 	0.8027	  		 	0.7889	  		 	0.7747	  		 	0.7597	  		 	0.7443	  
		 	51	  		 	0.9242	  		 	0.9174	  		 	0.9102	  		 	0.9025	  		 	0.8941	  		 	0.8851	  		 	0.8756	  		 	0.8655	  		 	0.8548	  		 	0.8435	  		 	0.8317	  		 	0.8192	  		 	0.8062	  		 	0.7925	  		 	0.7783	  		 	0.7634	  		 	0.7481	  
		 	52	  		 	0.9266	  		 	0.9200	  		 	0.9129	  		 	0.9053	  		 	0.8970	  		 	0.8881	  		 	0.8788	  		 	0.8688	  		 	0.8582	  		 	0.8470	  		 	0.8353	  		 	0.8229	  		 	0.8099	  		 	0.7963	  		 	0.7821	  		 	0.7672	  		 	0.7520	  
		 	53	  		 	0.9291	  		 	0.9227	  		 	0.9156	  		 	0.9081	  		 	0.9000	  		 	0.8913	  		 	0.8820	  		 	0.8721	  		 	0.8617	  		 	0.8506	  		 	0.8389	  		 	0.8267	  		 	0.8138	  		 	0.8002	  		 	0.7861	  		 	0.7713	  		 	0.7561	  
		 	54	  		 	0.9317	  		 	0.9254	  		 	0.9185	  		 	0.9111	  		 	0.9031	  		 	0.8945	  		 	0.8854	  		 	0.8756	  		 	0.8653	  		 	0.8543	  		 	0.8428	  		 	0.8306	  		 	0.8178	  		 	0.8044	  		 	0.7903	  		 	0.7756	  		 	0.7604	  
		 	55	  		 	0.9343	  		 	0.9281	  		 	0.9213	  		 	0.9141	  		 	0.9062	  		 	0.8978	  		 	0.8888	  		 	0.8792	  		 	0.8691	  		 	0.8582	  		 	0.8467	  		 	0.8347	  		 	0.8221	  		 	0.8087	  		 	0.7947	  		 	0.7801	  		 	0.7650	  

  
 132 

 APPENDICES 
  

 Sub appendix A. 3 

Table D 
 50% Joint and
Survivor Without Pop-Up 
 CEI Participants 

Age of Pensioner 
  

																																																																									
	  
 

		 	 		59	 		60	 		61	 		62	 		63	 		64	 		65	 		66	 		67	 		68	 		69	 		70	 		71	 		72	 		73	 		74	 		75	 
		 	56	  		 	0.9368	  		 	0.9309	  		 	0.9242	  		 	0.9172	  		 	0.9095	  		 	0.9012	  		 	0.8924	  		 	0.8829	  		 	0.8729	  		 	0.8621	  		 	0.8508	  		 	0.8390	  		 	0.8264	  		 	0.8132	  		 	0.7993	  		 	0.7847	  		 	0.7698	  
		 	57	  		 	0.9394	  		 	0.9336	  		 	0.9272	  		 	0.9203	  		 	0.9128	  		 	0.9047	  		 	0.8960	  		 	0.8867	  		 	0.8769	  		 	0.8662	  		 	0.8551	  		 	0.8434	  		 	0.8310	  		 	0.8179	  		 	0.8041	  		 	0.7896	  		 	0.7747	  
		 	58	  		 	0.9421	  		 	0.9364	  		 	0.9302	  		 	0.9235	  		 	0.9162	  		 	0.9083	  		 	0.8998	  		 	0.8906	  		 	0.8810	  		 	0.8705	  		 	0.8595	  		 	0.8480	  		 	0.8356	  		 	0.8227	  		 	0.8091	  		 	0.7947	  		 	0.7799	  
		 	59	  		 	0.9448	  		 	0.9393	  		 	0.9332	  		 	0.9267	  		 	0.9196	  		 	0.9118	  		 	0.9035	  		 	0.8946	  		 	0.8851	  		 	0.8749	  		 	0.8641	  		 	0.8526	  		 	0.8405	  		 	0.8278	  		 	0.8142	  		 	0.8000	  		 	0.7854	  
		 	60	  		 	0.9474	  		 	0.9420	  		 	0.9362	  		 	0.9299	  		 	0.9230	  		 	0.9154	  		 	0.9074	  		 	0.8986	  		 	0.8894	  		 	0.8793	  		 	0.8687	  		 	0.8575	  		 	0.8456	  		 	0.8329	  		 	0.8196	  		 	0.8056	  		 	0.7910	  
		 	61	  		 	0.9500	  		 	0.9449	  		 	0.9393	  		 	0.9331	  		 	0.9264	  		 	0.9192	  		 	0.9113	  		 	0.9028	  		 	0.8937	  		 	0.8839	  		 	0.8735	  		 	0.8625	  		 	0.8508	  		 	0.8383	  		 	0.8252	  		 	0.8113	  		 	0.7969	  
		 	62	  		 	0.9526	  		 	0.9477	  		 	0.9423	  		 	0.9364	  		 	0.9299	  		 	0.9228	  		 	0.9152	  		 	0.9069	  		 	0.8981	  		 	0.8885	  		 	0.8784	  		 	0.8676	  		 	0.8561	  		 	0.8439	  		 	0.8309	  		 	0.8172	  		 	0.8030	  
		 	63	  		 	0.9553	  		 	0.9505	  		 	0.9453	  		 	0.9396	  		 	0.9334	  		 	0.9265	  		 	0.9192	  		 	0.9111	  		 	0.9026	  		 	0.8932	  		 	0.8833	  		 	0.8727	  		 	0.8615	  		 	0.8495	  		 	0.8368	  		 	0.8233	  		 	0.8093	  
		 	64	  		 	0.9577	  		 	0.9532	  		 	0.9483	  		 	0.9429	  		 	0.9368	  		 	0.9302	  		 	0.9231	  		 	0.9153	  		 	0.9070	  		 	0.8979	  		 	0.8883	  		 	0.8780	  		 	0.8670	  		 	0.8553	  		 	0.8428	  		 	0.8295	  		 	0.8158	  
		 	65	  		 	0.9602	  		 	0.9559	  		 	0.9512	  		 	0.9460	  		 	0.9402	  		 	0.9339	  		 	0.9271	  		 	0.9196	  		 	0.9115	  		 	0.9027	  		 	0.8934	  		 	0.8833	  		 	0.8726	  		 	0.8611	  		 	0.8489	  		 	0.8359	  		 	0.8224	  
		 	66	  		 	0.9627	  		 	0.9586	  		 	0.9541	  		 	0.9491	  		 	0.9436	  		 	0.9376	  		 	0.9310	  		 	0.9238	  		 	0.9159	  		 	0.9075	  		 	0.8984	  		 	0.8887	  		 	0.8783	  		 	0.8671	  		 	0.8551	  		 	0.8425	  		 	0.8291	  
		 	67	  		 	0.9651	  		 	0.9612	  		 	0.9569	  		 	0.9522	  		 	0.9469	  		 	0.9411	  		 	0.9348	  		 	0.9279	  		 	0.9204	  		 	0.9122	  		 	0.9035	  		 	0.8940	  		 	0.8839	  		 	0.8731	  		 	0.8614	  		 	0.8490	  		 	0.8360	  
		 	68	  		 	0.9674	  		 	0.9637	  		 	0.9596	  		 	0.9552	  		 	0.9502	  		 	0.9447	  		 	0.9386	  		 	0.9320	  		 	0.9248	  		 	0.9169	  		 	0.9085	  		 	0.8994	  		 	0.8896	  		 	0.8790	  		 	0.8678	  		 	0.8557	  		 	0.8429	  
		 	69	  		 	0.9696	  		 	0.9661	  		 	0.9623	  		 	0.9581	  		 	0.9534	  		 	0.9481	  		 	0.9424	  		 	0.9360	  		 	0.9291	  		 	0.9216	  		 	0.9135	  		 	0.9047	  		 	0.8953	  		 	0.8851	  		 	0.8741	  		 	0.8623	  		 	0.8500	  
		 	70	  		 	0.9717	  		 	0.9685	  		 	0.9648	  		 	0.9609	  		 	0.9564	  		 	0.9514	  		 	0.9460	  		 	0.9400	  		 	0.9334	  		 	0.9262	  		 	0.9185	  		 	0.9100	  		 	0.9009	  		 	0.8911	  		 	0.8804	  		 	0.8690	  		 	0.8570	  
		 	71	  		 	0.9737	  		 	0.9708	  		 	0.9674	  		 	0.9636	  		 	0.9594	  		 	0.9547	  		 	0.9496	  		 	0.9438	  		 	0.9376	  		 	0.9307	  		 	0.9233	  		 	0.9153	  		 	0.9065	  		 	0.8971	  		 	0.8869	  		 	0.8758	  		 	0.8641	  
		 	72	  		 	0.9757	  		 	0.9729	  		 	0.9697	  		 	0.9662	  		 	0.9622	  		 	0.9578	  		 	0.9530	  		 	0.9476	  		 	0.9417	  		 	0.9351	  		 	0.9280	  		 	0.9204	  		 	0.9120	  		 	0.9029	  		 	0.8931	  		 	0.8825	  		 	0.8712	  
		 	73	  		 	0.9776	  		 	0.9750	  		 	0.9720	  		 	0.9687	  		 	0.9650	  		 	0.9608	  		 	0.9563	  		 	0.9512	  		 	0.9456	  		 	0.9395	  		 	0.9327	  		 	0.9254	  		 	0.9174	  		 	0.9087	  		 	0.8993	  		 	0.8890	  		 	0.8782	  
		 	74	  		 	0.9794	  		 	0.9769	  		 	0.9742	  		 	0.9711	  		 	0.9677	  		 	0.9638	  		 	0.9595	  		 	0.9547	  		 	0.9494	  		 	0.9436	  		 	0.9372	  		 	0.9303	  		 	0.9227	  		 	0.9145	  		 	0.9054	  		 	0.8956	  		 	0.8852	  
		 	75	  		 	0.9811	  		 	0.9788	  		 	0.9763	  		 	0.9734	  		 	0.9701	  		 	0.9665	  		 	0.9626	  		 	0.9580	  		 	0.9531	  		 	0.9476	  		 	0.9416	  		 	0.9351	  		 	0.9279	  		 	0.9200	  		 	0.9114	  		 	0.9020	  		 	0.8920	  
		 	76	  		 	0.9826	  		 	0.9806	  		 	0.9782	  		 	0.9755	  		 	0.9726	  		 	0.9691	  		 	0.9654	  		 	0.9613	  		 	0.9566	  		 	0.9515	  		 	0.9459	  		 	0.9397	  		 	0.9329	  		 	0.9254	  		 	0.9172	  		 	0.9083	  		 	0.8988	  
		 	77	  		 	0.9841	  		 	0.9822	  		 	0.9800	  		 	0.9776	  		 	0.9748	  		 	0.9716	  		 	0.9682	  		 	0.9643	  		 	0.9600	  		 	0.9552	  		 	0.9498	  		 	0.9441	  		 	0.9377	  		 	0.9306	  		 	0.9228	  		 	0.9143	  		 	0.9053	  
		 	78	  		 	0.9854	  		 	0.9837	  		 	0.9817	  		 	0.9795	  		 	0.9769	  		 	0.9740	  		 	0.9708	  		 	0.9672	  		 	0.9632	  		 	0.9587	  		 	0.9537	  		 	0.9483	  		 	0.9422	  		 	0.9356	  		 	0.9283	  		 	0.9202	  		 	0.9116	  
		 	79	  		 	0.9868	  		 	0.9852	  		 	0.9833	  		 	0.9813	  		 	0.9789	  		 	0.9762	  		 	0.9732	  		 	0.9699	  		 	0.9662	  		 	0.9619	  		 	0.9573	  		 	0.9522	  		 	0.9466	  		 	0.9403	  		 	0.9335	  		 	0.9259	  		 	0.9178	  
		 	80	  		 	0.9880	  		 	0.9865	  		 	0.9848	  		 	0.9829	  		 	0.9808	  		 	0.9783	  		 	0.9755	  		 	0.9724	  		 	0.9690	  		 	0.9650	  		 	0.9608	  		 	0.9560	  		 	0.9508	  		 	0.9449	  		 	0.9384	  		 	0.9313	  		 	0.9236	  
		 	81	  		 	0.9891	  		 	0.9877	  		 	0.9861	  		 	0.9845	  		 	0.9824	  		 	0.9802	  		 	0.9777	  		 	0.9748	  		 	0.9717	  		 	0.9680	  		 	0.9640	  		 	0.9596	  		 	0.9547	  		 	0.9493	  		 	0.9432	  		 	0.9365	  		 	0.9292	  
		 	82	  		 	0.9901	  		 	0.9888	  		 	0.9875	  		 	0.9859	  		 	0.9841	  		 	0.9819	  		 	0.9796	  		 	0.9770	  		 	0.9741	  		 	0.9707	  		 	0.9671	  		 	0.9629	  		 	0.9584	  		 	0.9534	  		 	0.9477	  		 	0.9414	  		 	0.9346	  
		 	83	  		 	0.9910	  		 	0.9899	  		 	0.9886	  		 	0.9872	  		 	0.9855	  		 	0.9836	  		 	0.9816	  		 	0.9791	  		 	0.9764	  		 	0.9733	  		 	0.9699	  		 	0.9662	  		 	0.9619	  		 	0.9572	  		 	0.9519	  		 	0.9460	  		 	0.9397	  
		 	84	  		 	0.9918	  		 	0.9908	  		 	0.9896	  		 	0.9884	  		 	0.9869	  		 	0.9851	  		 	0.9833	  		 	0.9810	  		 	0.9786	  		 	0.9757	  		 	0.9726	  		 	0.9691	  		 	0.9652	  		 	0.9608	  		 	0.9560	  		 	0.9504	  		 	0.9445	  
		 	85	  		 	0.9927	  		 	0.9918	  		 	0.9907	  		 	0.9895	  		 	0.9882	  		 	0.9865	  		 	0.9848	  		 	0.9828	  		 	0.9806	  		 	0.9779	  		 	0.9750	  		 	0.9719	  		 	0.9683	  		 	0.9643	  		 	0.9597	  		 	0.9547	  		 	0.9492	  

  
 133 

 APPENDICES 

Sub appendix A-4 

Domestic Partner Benefits Including a Pre-Retirement Domestic 

Partner Survivor Annuity and a 

Post-Retirement Domestic Partner Survivor Annuity Benefit 

Charge for Pre-Retirement Survivor Annuity Coverage 
  

					
	 Age Group
	  	Charge Per Year of Coverage	 
	 <30
	  	 	0.02	% 
	 30-34
	  	 	0.04	% 
	 35-39
	  	 	0.06	% 
	 40-44
	  	 	0.07	% 
	 45-49
	  	 	0.10	% 
	 50-54
	  	 	0.15	% 
	 55-59
	  	 	0.30	% 
	 60-64
	  	 	0.60	% 
	 65-69
	  	 	1.15	% 

 The factors per year of coverage shall be pro-rated for months of coverage in the established age ranges in a manner
determined by the Plan Administrator. 
 Factors for Post-Retirement Survivor Annuity Benefit 

The factors applicable to both CECONY Participants and CEI Participants are the factors labeled “Actuarial Factors Applicable to CEI Participants.”
The factors applicable to O&R Participants are the updated O&R factors. 

  
 134 

 The Consolidated Edison Retirement Plan Part II (b)

THE 
 CONSOLIDATED

 EDISON 

RETIREMENT PLAN 
 Part
II (b) 

  
 i 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 Subject to the Following Amendments and Clarifications: 

• Clarified on May 2, 2002; 

• Amended December 13, 2001; 

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

• Amended August 2004 for 2004 Agreement Between Local Union 503 of the International Brotherhood of Electrical Workers, AFL0-CIO and
O&R; 
 • Amended August 2004 for O&R Management Employees Changes Concurrent with O&R Hourly Employees; 

• Amended August 2004 for the 2004-2008 Collective Bargaining Agreement Between Consolidated Edison Company of New York, Inc and Local 1-2
of the Utility Workers Union of America, AFL-CIO; 
 • Amended July 2004 to Update Factors - O&R Optional Forms; 

• Amended and Restated November 2004 for Miscellaneous Changes; 

• Amended September 2005 for the 2005-2009 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc. and Local
Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO; 
 • Amended November 2008 In Accordance with the
September 23, 2008 IRS Favorable Determination Letter; 
 • Restated as of January 31, 2007 in Accordance with Revenue
Procedure 2005-66 and Notice 2005-101; 

  
 ii 

 The Consolidated Edison Retirement Plan Part II (b) 

 

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

• Amended December 2008 for (i) Domestic Partner Benefits, (ii) Accelerated Vesting for Cash Balance and (iii) 75% QJSA
Option; 
 • Amended December 2008 for the 2008-2012 Collective Bargaining Contract Between Consolidated Edison Company of New York, Inc.
and Local 1-2 of the Utility Workers Union of America, AFL-CIO; 
 • Amended December 2008 for a Special Pension Accrual for CECONY
Management Employees; 
 • Amended in 2011 for Submission to the IRS for a Favorable Determination Letter Under Revenue Procedure 2011-6,
Taking Into Account: (i) the Pension Protection Act of 2006 (PPA ‘06), (ii) the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, (iii) the Heroes Earnings Assistance
and Relief Tax Act of 2008 (HEART Act), (iv) the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA), and (v) the Small Business Jobs Act of 2010 (SBJA). 

  
 iii 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDICES in PART II (b) 

TABLE OF CONTENT 
  

									
	 APPENDIX A
		 	1	  
		
	 APPENDIX B - Employers
		 	2	  
				
			 B.1
		 List of Participating Employers
		 	2	  
		
	 APPENDIX C - Provisions Applicable to O&R Management Participants Transferred Directly to or Hired Directly by
CECONY or a CEI Affiliate
		 	5	  
				
			 C.1
		 Scope of Appendix C
		 	5	  
				
			 C.2
		 Determination of Pension Allowance for Transferred O&R Management Participants
		 	5	  
		
	 APPENDIX D - Provisions Applicable to Participants Employed at Facilities Purchased from Western Massachusetts
Electric Company
		 	9	  
				
			 D.1
		 Effective Date and Scope of Appendix D
		 	9	  
				
			 D.2
		 WMECO Employees Hired on or after January 1, 2000
		 	9	  
				
			 D.3
		 Benefit Provisions Applicable to WMECO Employees Prior to January 1, 2000
		 	9	  
		
	 APPENDIX E - Determination of Amounts Payable from 401(h) Account
		 	11	  
				
			 E.1
		 Amount Payable from 401(h) Account
		 	11	  
				
			 E.2
		 Time and Manner of Payment from 401(h) Account
		 	13	  
		
	 APPENDIX F - Normal Retirement Benefit Formulas For CECONY Weekly Participants For CECONY Management Participants
and For O&R Participants
		 	14	  
				
			 F.1
		 Benefit Formula for CECONY Weekly Participants
		 	14	  
				
			 F.2
		 Benefit Formula for CECONY Management Participant
		 	17	  
				
			 F.3
		 Benefit Formula for O&R Participant
		 	20	  
		
	 APPENDIX G - Special Pension Adjustment
		 	27	  
				
			 G.1
		 Special Pension Adjustment
		 	27	  

  
 iv 

 The Consolidated Edison Retirement Plan Part II (b) 

 

									
	 APPENDIX H - Provisions Applicable to CECONY Participants at Fossil-Fueled Divested Operations
		 	28	  
				
			 H.1
		 Effective Date and Scope of Appendix H
		 	28	  
				
			 H.2
		 Treatment of CECONY Participants at Divested Operations
		 	28	  
		
	 APPENDIX I - Provisions Applicable to O&R Participants Under O&R’s Pension Protection Program
		 	1	  
				
			 I.1
		 Definitions The following words and phrases as used in this Appendix I shall have the meaning indicated below:
		 	1	  
				
			 I.2
		 Protections under the Program
		 	3	  
				
			 I.3
		 Limitations of the Program and Special Rules
		 	6	  
		
	 APPENDIX J - Provisions Applicable to Affected Indian Point (“IP”) Employees
		 	20	  
				
			 J.1
		 Effective Date and Scope of Appendix J
		 	20	  
				
			 J.2
		 Treatment of Affected IP Employee
		 	20	  
		
	 APPENDIX K - Provisions Applicable to CECONY Support Employee re Voluntary Retirement Incentive—Support
Organizations Program
		 	22	  
				
			 K.1
		 Effective Date and Scope of Appendix K
		 	22	  
				
			 K.2
		 CECONY Support Employees
		 	22	  
				
			 K.3
		 Eligibility Criteria
		 	22	  
				
			 K.4
		 Retirement under Voluntary Retirement Incentive – Support Organizations Program
		 	23	  
				
			 K.5
		 Special Retirement Benefits under Voluntary Retirement Incentive - Support Organizations
		 	23	  
				
			 K.6
		 Treatment of Certain Employees Retiring after March 31, 1999 but prior to August 1, 1999
		 	27	  
				
			 K.7
		 Voluntary Nature of Retirement Incentive; Acceptance and Release No Employee shall be obligated to accept any retirement incentive,
and an Employee’s election to accept the retirement incentive described in this Appendix K shall be purely voluntary. As a condition to an Employee’s receipt of the additional benefits described in this Appendix K, CECONY shall have the
right to obtain from the Employee a waiver and or release of claims against CECONY and/or the Plan, based upon or arising out of termination of employment, consistent with the requirements of the federal Age Discrimination in Employment Act, as
amended by the Older Workers Benefit Protection Act
		 	28	  

  
 v 

 The Consolidated Edison Retirement Plan Part II (b) 

 

									
			 K.8
		 Support Departments for Purposes of Appendix K For purposes of this Appendix K, the following departments shall be deemed to have
provided support to the Divestiture Operation: Central Services; Finance; Law; Central Public Affairs; Energy Management; and Fossil Power Engineering, Construction and Support
		 	28	  
		
	 APPENDIX L
		 	29	  
		
	 APPENDIX M Provisions Applicable to Participants Employed at the Lakewood Plant
		 	35	  
				
			 M.1
		 Effective Date and Scope of Appendix M
		 	35	  
				
			 M.2
		 Lakewood Participants
		 	35	  
				
			 M.3
		 Benefit Provisions Applicable to Lakewood Participants as of June 1, 2000
		 	35	  
		
	 APPENDIX N List of Annual Incentive Plans Approved By the Plan Administrator
				

  
 vi 

 The Consolidated Edison Retirement Plan Part II (b) 

 

					
	Name of Appendix
	 Appendix B
	  	Employers	  	B-1
			
	 Appendix C
	  	Provisions Applicable to O&R Participants Transferred to or Hired by CECONY or a CEI Affiliate	  	C-1 to C-4
			
	 Appendix D
	  	Provisions Applicable to Participants Employed at Facilities Purchased From Western Massachusetts Electric Company	  	D-1 to D-2
			
	 Appendix E
	  	Determination of Amounts Payable from 401(h) Account	  	E-1-E-2
			
	 Appendix F
	  	Normal Retirement Benefit	  	F-
			
	 Appendix G
	  	Special Pension Adjustment	  	G
			
	 Appendix H
	  	Provisions Applicable to CECONY Participants at Fossil-Fueled Divested Operations	  	H-1 to H-2
			
	 Appendix I
	  	Provisions Applicable to O&R Participants under O&R Pension Protection Program	  	I-1 to I-14
			
	 Appendix J
	  	Provisions Applicable to Affected Indian Point (IP Employees	  	J-1 to J-2
			
	 Appendix K
	  	Provision Applicable to Voluntary Retirement Incentive – Support	  	K-1 to K-7
			
	 Appendix L
	  	Sample Illustrations of O&R PBA	  	L-1 to L-3
			
	 Appendix M
	  	Provisions Applicable to Participants Employed at the Lakewood Plant	  	M-1
			
	 Appendix N
	  	List of the Annual Incentive Plans of the Competitive Energy Businesses that have been Approved by the Plan Administrator	  	N-1

  
 vii 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX A 

See Appendices Part II (a) 

  
 1 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX B 

Employers 
 B.1 List of Participating
Employers 
 The following sets forth (a) the Affiliates, other than CECONY, that are Employers, (b) the effective date of each
Employer’s participation; and (c) if applicable, which Employees are either newly covered Participants or continue their participation in the Plan. The list of Employers is subject to change from time to time. Effective January 1,
2007, CEI Participants who began employment at CECONY or O&R and who are transferred directly to an Affiliate will retain their participation status as CEI Participants at the Affiliates. Effective as of October 2004, the Board of Trustees has
approved the participation of the Affiliates who are Affiliates as of that date. 
  

							
	Name of Company	  	 Effective Date

of Participation
	  	Eligible Employees	  	 Effective Date of

Termination

				
	Consolidated Edison Development, Inc.	  	May 1, 1996	  	CECONY Transferred Participants	  	

  
 2 

 The Consolidated Edison Retirement Plan Part II (b) 

 

							
	Name of Company	  	Effective Date of
Participation	  	Eligible Employees	 	Effective Date of
Termination
				
	Consolidated Edison Development, Inc.	  	May 1, 1996	  	CECONY Transferred Participants	 	
				
	Consolidated Edison Solutions, Inc.	  	June 1, 2000	  	Lakewood Participants	 	Lakewood was sold to an unrelated third party and not a member of the CEI Controlled Group as of May 2008. All benefit accruals and credits ceased as of the sale date. (May 7, 2008)
				
	Consolidated Edison Solutions, Inc.	  	May 1, 1997	  	CECONY Transferred Participants	 	
				
	Consolidated Edison Communications, Inc.	  	February 1, 1999	  	CECONY Transferred Participants	 	March 1, 2006
				
	Consolidated Edison Energy, Inc.	  	March 1, 1998	  	CECONY Transferred Participants	 	
				
	Orange and Rockland Utilities, Inc.	  	July, 1999	  	Transferred O&R Management Participants	 	
				
		  	January 1, 2001	  	 O&R Management Participants,
 O&R
Hourly Participants,
 CEI Participants
	 	

  
 3 

 The Consolidated Edison Retirement Plan Part II (b) 

 

							
	Name of Company	  	Effective Date of
Participation	  	Eligible Employees	 	Effective Date of
Termination
				
	 Consolidated Edison Energy
 Massachusetts,
Inc.
	  	July 18, 1999	  	Employees who were employed by WMECO at the WMECO Facilities, who became CEEM Employees upon the acquisition of the WMECO Facilities by CEEM and any Employee hired by CEEM after July, 1999 to work at the WMECO Facilities.	 	WMECO was sold to an unrelated third party and not a member of the CEI Controlled Group as of May 2008. All benefit accruals and credits ceased as of the sale date.
				
	Competitive Shared Services, Inc.	  	January 1, 2004	  	Only CECONY Transferred Participants, Transferred O&R Management Participants and CEI Participants	 	

  
 4 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX C 

Provisions Applicable to O&R Management Participants 

Transferred Directly to or Hired Directly by 

CECONY or a CEI Affiliate 
 C.1 Scope
of Appendix C 
 The Pension Allowance payable to an Employee who (i) transfers directly, without a break in employment, from
O&R after O&R became an Affiliate or (ii) is hired by CECONY or a CEI Affiliate on or after O&R became an Affiliate and in all cases had been first an O&R Management Participant (“Transferred O&R Management
Participant”) shall be determined in accordance with the provisions of this Appendix C. 
 C.2 Determination of Pension Allowance for Transferred
O&R Management Participants 
 (a) CECONY Post-Transfer Benefit The Pension Allowance payable to a Transferred O&R
Management Participant, or to the Surviving Spouse of a Transferred O&R Participant, shall be determined initially in accordance with the pension formula applicable to a CECONY Management Participant set forth in Appendix F, Section F.2. For the
purpose of that benefit determination: (1) the Transferred O&R Management Participant’s Vesting Service shall be determined as if O&R had, at all times, been an Affiliate; (2) the Transferred O&R Management
Participant’s number of Years of Accredited Service applicable in the CECONY Management Participant’s formula shall be determined by disregarding all periods of employment with O&R prior to the date on

  
 5 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
which he or she became a Transferred O&R Management Participant; and (3) for the purpose of determining the applicability of the percentage multipliers specified in the CECONY Management
Participant formula in Appendix F, Sections F.2(A)(a)(i),(ii),(iii), and (iv), and for the purpose of determining his or her eligibility for, but not the amount of, early retirement benefits in accordance with the CECONY Management Participant
formula, his or her Accredited Service shall be determined by treating his or her employment with O&R as if it were employment as a CECONY Management Participant. Accredited Service as a Transferred O&R Management Participant, for purposes
of this calculation, is not counted for the purpose of determining the amount of any early retirement benefits. No portion of the Pension Allowance determined in accordance with this subparagraph will be payable to the Transferred O&R Management
Participant or to the Surviving Spouse of the Transferred O&R Management Participant, except to the extent provided in Section C.2(c). 

(b) Frozen O&R Benefit The Pension Allowance payable to the Transferred O&R Management Participant, or to the Surviving Spouse
of the Transferred O&R Participant, under the terms and formula of the O&R Plan or of the O&R Benefit Formula included in this Plan, whichever plan formula is applicable (the “O&R Formula”), as of the date of becoming a
Transferred O&R Management Participant (“Transfer Date”), shall be determined as if the Transferred O&R Management Participant had terminated employment from O&R on the Transfer Date. The Transferred O&R Management
Participant’s period of employment as a CECONY Management Participant shall be taken into account: (1) in determining whether his or 

  
 6 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
her accrued benefit under the O&R Formula is non-forfeitable, (2) in determining his or her eligibility for early retirement under the O&R Formula, and (3) in determining
whether and to what extent the benefit under the O&R Formula is subject to reduction for commencement prior to Normal Retirement Age. 

(c) O&R All Service Benefit The amount payable to the Transferred O&R Participant, or to the Surviving Spouse of the
Transferred O&R Management Participant, will be determined under the terms of the O&R Plan or the formula for O&R Participants in Appendix F, Section F3, whichever is applicable, determined as if the Transferred O&R Management
Participant had remained an O&R Management Participant throughout the period that he or she was a CECONY Management Participant. 

(d) The Transferred O&R Management Participant’s Pension Allowance shall be the greater of (1) the CECONY Post Transfer
Benefit, plus the Frozen O&R Benefit, or (2) the O&R All Service Benefit. 
 (e) For the purpose of determining the CECONY
Post Transfer Benefit, the Frozen O&R Benefit and the O&R All Service Benefit, each benefit shall be expressed as an annuity for the life of the Transferred O&R Management Participant, or the Surviving Spouse of the Transferred
O&R Management Participant, as applicable, commencing on the later of (i) the first day of the month following the Transferred O&R Management Participant’s termination of employment, or (ii) the first date on which annuity
payments to the Transferred O&R Participant, or the Surviving Spouse of the Transferred O&R Management Participant, as applicable, are payable in accordance with the terms of the O&R Management Participant formula in Appendix F, Section
F.3. 

  
 7 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (f) A Transferred O&R Management Participant may elect an optional form of benefit
as provided under Section 5.02 available to CECONY Participants for any benefits payable determined in accordance with Section C.2(a) and available to an O&R Participant for any benefits payable determined in accordance with Sections C.2(b)
or C.2(c). 
 (g) A Transferred O&R Management Participant shall receive the cost of living adjustment applicable to CECONY
Participants under Article XI of the Plan with respect to any benefits payable determined in accordance with Section C.2 (a) of this Appendix C, and the cost of living adjustment applicable to O&R Participants under Article XI of the Plan
with respect to any benefits payable determined in accordance with Sections C.2(b) or C.2(c) of this Appendix C. 

  
 8 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX D 

Provisions Applicable to Participants Employed at 

Facilities Purchased from 

Western Massachusetts Electric Company 

D.1 Effective Date and Scope of Appendix D 

This Appendix D shall be effective as of July 18, 1999, the closing date of the acquisition of the electric power generation facilities
of Western Massachusetts Electric Company (“WMECO Facilities”) by Consolidated Edison Energy Massachusetts, Inc. (“CEEMI”). CEEMI had been a wholly-owned subsidiary of Consolidated Edison Energy, Inc., which itself is an
Affiliate of the Company. CEEMI is now a wholly-owned subsidiary of Consolidated Edison Development, Inc., which is also an Affiliate of the Company. 

D.2 WMECO Employees Hired on or after January 1, 2000 

For purposes of this Appendix D, the term “WMECO Employee” means an Eligible Employee who is employed at the WMECO Facilities. A
WMECO Employee hired on or after January 1, 2000, shall be a CEI Participant, and shall receive the benefit determined under the formula for a CEI Participant set forth in Article IV of the Plan. 

D.3 Benefit Provisions Applicable to WMECO Employees Prior to January 1, 2000 

Notwithstanding any provision to the contrary, the benefits payable to a WMECO Employee who was employed at the WMECO Facilities prior to
January 1, 2000 (“WMECO Participant”) shall be determined solely in accordance with the terms of this 

  
 9 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
Appendix D. The Pension Allowance payable from the Plan to a WMECO Participant shall be equal to the excess of (i) an amount determined in accordance with the provisions of the Northeast
Utilities Service Company Retirement Plan, as in effect on July 18, 1999, (“NU Plan”) determined as if the WMECO Participant had remained a participant in the NU Plan until his or her termination of employment from an Employer, over
(ii) the amount actually payable to such WMECO Participant from the NU Plan, determined by taking into account his or her termination from employment as of July 18, 1999 and as if he or she elected to commence receipt of his or her Pension
Allowance on the same Annuity Starting Date as the date benefits commence under the NU Plan. Each WMECO Participant shall be 100% vested in and have a non-forfeitable right to his or her Pension Allowance. 

D.4 Termination of participation of WMECO Employees 

In May 2008, as a result of a corporate transaction that resulted in the spin off and sale of the Western Massachusetts Electric Company to an
unrelated third party, each WMECO Participant’s participation in the Retirement Plan was terminated. 

  
 10 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX E 

Determination of Amounts Payable from 401(h) Account 

E.1 Amount Payable from 401(h) Account 

Pursuant to Section 12.06, payment shall be made from the 401(h) Account to provide benefits under the Retiree Health Plan for eligible
CECONY Management Participants, CECONY Transferred Participants, and CEI Participants employed by CECONY (“CECONY Management Retiree Health Participants”) and their covered dependents and for eligible CECONY Weekly Participants
(“CECONY Weekly Retiree Health Participants”) and their covered dependents. The CECONY Management Retiree Health Participants and the CECONY Weekly Retiree Health Participants shall be referred to hereinafter as the “CECONY Retiree
Health Participants”. In any Plan Year, the 401(h) Account will pay benefits for CECONY Management Retiree Health Participants if and only to the extent that the total amount payable for such benefits exceeds the sum of (i) the amount of
contributions required from the CECONY Management Retiree Health Participants for such Plan Year, plus (ii) the product of $3,000 times the number of CECONY Management Retiree Health Participants determined as of the beginning of such Plan
Year. 
 In any Plan Year, the 401(h) Account will pay benefits for CECONY Weekly Retiree Health Participants, if and only to the extent
that the total amount payable for such benefits exceeds the sum of (i) the amount of contributions required from the CECONY Weekly Retiree Health Participants for such Plan Year, plus (ii) the product of $4,000 times the number of CECONY
Weekly Retiree Health Participants determined as of the beginning of such Plan Year. 

  
 11 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 For the purpose of the foregoing sentences, the term “Retiree Health Participant”
shall not mean a “key employee”, within the meaning of Code Section 416(i). The term “CECONY Retiree Health Participant” includes the spouse of such a CECONY Retiree Health Participant, provided that such spouse is eligible
for benefits under the Retiree Health Plan, and the Surviving Spouse of such a CECONY Retiree Health Participant, provided that such Surviving Spouse is eligible for benefits under the Retiree Health Plan. 

Effective January 1, 2007, retiree health benefits for CECONY Management Retiree Health Participants are first paid out of the VEBA Trust. To
the extent retiree benefits payable to CECONY Management Retiree Health Participants exceed the amount available for benefits from the VEBA Trust, covered retiree health benefits will be paid out of the 401(h) account. Effective as of
January 1, 2007, the 401(h) Account will pay benefits for CECONY Weekly Retiree Health Participants, if and only to the extent that the total amount payable for such benefits exceeds the sum of (i) the amount of contributions required from
the CECONY Weekly Retiree Health Participants for such Plan Year, plus (ii) the product of $5,000 times the number of CECONY Weekly Retiree Health Participants determined as of the beginning of such Plan Year. 

In accordance with Code Section 401(h), the Plan’s investments in the 401(h) account may not be used for, or diverted to, any
purpose other than providing health benefits for retirees and their beneficiaries. 

  
 12 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 E.2 Time and Manner of Payment from 401(h) Account 

All payments made from the 401(h) Account to provide benefits under the Retiree Health Plan shall be made at the time and in the manner
directed by the Plan Administrator. 

  
 13 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX F 

Normal Retirement Benefit Formulas For CECONY Weekly Participants, 

CECONY Management Participants and O&R Participants 
  

	F.1	Benefit Formula for CECONY Weekly Participants 

  

	 	A.	Normal Retirement Benefit for a CECONY Weekly Participant (member of Local 1-2 and member of Local 3) 

(a) The annual normal retirement Pension Allowance payable upon retirement on or after Normal Retirement Date to a CECONY Weekly
Participant whose employment with the Company or an Affiliate commenced on or after January 1, 1990 shall be equal to the sum of (i), (ii) and (iii): 
  

	 	(i)	1.5% of the Participant’s Final Average Pay multiplied by his or her Years of Accredited Service not in excess of 24; 

  

	 	(ii)	2.0% of such Final Average Pay multiplied by his or her Years of Accredited Service in excess of 24 but not in excess of 30; 

  

	 	(iii)	0.5% of such Final Average Pay multiplied by his or her Years of Accredited Service in excess of 30 years. 

Solely for determining Years of Accredited Service in Sections F.1.A. (a) (i), (ii) and (iii), above, periods of less than 12 months
shall be a prorated part of a Year of Accredited Service. 

  
 14 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (b) The annual normal retirement Pension Allowance payable upon retirement on or after
Normal Retirement Date to a CECONY Weekly Participant who (i) terminated employment from CECONY during the month of June 1989; (ii) was in the employ of CECONY at any time during the period from July 1, 1989 through December 31,
1989; or (iii) terminated employment from CECONY with a right to a vested Pension Allowance prior to July 1, 1989 and is re-employed and repays any Cash Out shall be equal to the greater of (i) or (ii): 

 

	 	(i)	the Pension Allowance determined under F.1.A.(a) above or; 

  

	 	(ii)	the Pension Allowance determined by computing 2.2% of Total Salary and increasing the result by 0.125% for each calendar month of Accredited Service in excess of 30 years. 

(c) There is a special benefit that applies only to each CECONY Weekly Employee who is a member of Local 1-2 (“Local 1-2
Participant”) and actively employed on and after July 1, 2008. If the Local 1-2 Participant meets certain age and service requirements during a one-time designated time period (“Designated Period”), she or he will earn an
additional one-time accrual (“Special Accrual”) during the Designated Period The Special Accrual applies only to the Final Average Pay formula in F.1.A.(a) above and not to the Total Compensation or Total Pay Formula. 

 

	 	(i)	 Each actively employed Local 1-2 Participant who, at any time before or during the “Designated Period,” attained or attains age 55 and is
credited with 30 years of Accredited Service (“Age and Service Requirement”) will earn an additional accrual (“Special Accrual”) for each month of 

  
 15 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	
Accredited Service earned during the Designated Period. The Local 1-2 Participant begins accruing a Special Accrual beginning in the month in which she or he meets the Age and Service Requirement
during the Designated Period. 

  

	 	(ii)	The Designated Period begins on July 1, 2008, and permanently ends on June 30, 2012. 

  

	 	(iii)	The Special Accrual is an additional pension accrual equal to 0.5% multiplied by his/her Accredited Service earned in the Designated Period multiplied by his or her Final Average Pay in the Designated Period.

  

	 	(iv)	The Special Accrual is added to the normal pension accruals under the Final Average Pay formula that the Local 1-2 Participant will receive during the Designated Period. The Special Accrual is frozen at the end of the
Designated Period. This means that even if the Local 1-2 Participant remains actively employed following the end of the Designated Period and his or her Annual Compensation increases after the Designated Period and the increased Annual Compensation
is used to calculate his or her final Pension Allowance, the Special Accrual does not increase. The Special Accrual will not take into account his or her subsequent increase in Annual Compensation following the Designated Period. 

 

	 	(v)	 The Special Accrual applies only for Accredited Service in the Designated Period during which the Local 1-2 Participant meets the Age and Service
Requirement. The Special Accrual applies prospectively and there is no 

  
 16 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	
“past service adjustment.” This means that a Local 1-2 Participant who had attained age 55 and had more than 30 years of Accredited Service on the first month of the Designated Period
does not get past service credit for any years of Accredited Service over 30 years. He or she is only entitled to the Special Accrual for his or her Accredited Service earned during the Designated Period. 

 

	F.2	Benefit Formula for CECONY Management Participant 

  

	 	A.	Normal Retirement Benefit for CECONY Management Participant 

 (a)
The annual normal retirement Pension Allowance payable upon retirement on or after Normal Retirement Date to a CECONY Management Participant whose employment with CECONY commenced on or after January 1, 1990 and prior to January 1,
2001 or to any such CECONY Management Participant who was employed prior to January 1, 2001, and terminated with a vested Pension Allowance, is re-employed and repays, if applicable, his or her Cash Out shall be equal to the sum of (i), (ii),
(iii), and (iv): 
  

	 	(i)	1.5% of the CECONY Management Participant’s Final Average Salary multiplied by his or her Years of Accredited Service not in excess of 24; 

 

	 	(ii)	2.0% of such Final Average Salary multiplied by his or her Years of Accredited Service in excess of 24 but not in excess of 30; 

  
 17 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	(iii)	0.35% of such Final Average Salary in excess of the Social Security Taxable Wage Base multiplied by his or her Years of Accredited Service not in excess of 30; and 

 

	 	(iv)	0.5% of such Final Average Salary multiplied by his or her Years of Accredited Service in excess of 30 years. 

Solely for determining Years of Accredited Service in subsections (a) (i), (ii), (iii) and (iv), above periods of less than 12
months shall be a prorated part of a Year of Accredited Service. 
 (b) The annual normal retirement Pension Allowance payable upon
retirement on or after Normal Retirement Date to a CECONY Management Participant, whose employment with the Employer commenced prior to January 1, 1983 and who was on the Employer’s active payroll during 1989, or who terminated employment
with a right to a vested Pension Allowance prior to December 31, 1982 and was thereafter re-employed and repaid any Cash Out received shall be equal to the greater of (i) or (ii): 

 

	 	(i)	the Pension Allowance determined under F.2.A.(a) above; 

  

	 	(ii)	the benefit determined by computing 2.2% of Total Salary and increasing the result by 0.125% for each calendar month of Accredited Service in excess of 30 years. 

(c) There is a special benefit that applies only to each CECONY Management Participant who is actively employed on and after
December 1, 2008. If the CECONY Management Participant meets certain age and service requirements during a one-time designated time period (“Designated Period”), she or he will earn an additional one-time

  
 18 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
accrual (“Special Accrual”) during the Designated Period The Special Accrual applies only to the Final Average Salary formula in F.2.A.(a) above and not to the Total Compensation
formula. 
  

	 	(i)	Each actively employed CECONY Management Participant who, at any time before or during the “Designated Period,” attained or attains age 55 and is credited with 30 years of Accredited Service (“Age and
Service Requirement”) will earn an additional accrual (“Special Accrual”) for each month of Accredited Service earned during the Designated Period. The CECONY Management Participant begins accruing a Special Accrual beginning in the
month in which she or he meets the Age and Service Requirement during the Designated Period. 

  

	 	(ii)	The Designated Period begins on January 1, 2009, and permanently ends on June 30, 2012. 

  

	 	(iii)	The Special Accrual is an additional pension accrual equal to 0.5% multiplied by his/her Accredited Service earned in the Designated Period multiplied by his or her Final Average Salary in the Designated Period.

  

	 	(iv)	 The Special Accrual is added to the normal pension accruals under the Final Average Salary formula that the CECONY Management Participant will receive
during the Designated Period. The Special Accrual is frozen at the end of the Designated Period. This means that even if the CECONY Management Participant remains actively employed following the end of the Designated Period and his or her Annual
Compensation increases after 

  
 19 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	
the Designated Period and the increased Annual Compensation is used to calculate his or her final Pension Allowance, the Special Accrual does not increase. The Special Accrual will not take into
account his or her subsequent increase in Annual Compensation following the Designated Period. 

  

	 	(v)	The Special Accrual applies only for Accredited Service in the Designated Period during which the CECONY Management Participant meets the Age and Service Requirement. The Special Accrual applies prospectively and there
is no “past service adjustment.” This means that a CECONY Management Participant who had attained age 55 and had more than 30 years of Accredited Service on the first month of the Designated Period does not get past service credit for any
years of Accredited Service over 30 years. He or she is only entitled to the Special Accrual for his or her Accredited Service earned during the Designated Period. 

 

	F.3	Benefit Formula for O&R Participant 

  

	 	A.	Normal Retirement Benefit for O&R Participant 

 The annual normal retirement Pension
Allowance payable upon retirement on or after the Normal Retirement Date to an O&R Participant shall be as follows. 
 (a) For an
O&R Participant who retires on or after July 1, 1997 and on or before January 1, 2001: 
  

	 	(i)	Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 1992, provided
that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

  
 20 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	(ii)	Calculation of “past service”: (x) 1 1⁄2% of O&R Participant’s Annual Compensation as of January 1,
1993, multiplied by (y) the number of Years of Accredited Service prior to January 1, 1993, but not less than 

  

	 	(iii)	the Pension Allowance accrued up to January 1, 1993. 

 (b) For an O&R
Participant who retires after January 1, 2001 and on or before January 1, 2003: 
  

	 	(i)	Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 1995, provided
that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

  
 21 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	(ii)	Calculation of “past service”: (x) 1 1⁄2% of O&R Participant’s Annual Compensation as of January 1,
1996, multiplied by (y) the number of Years of Accredited Service prior to January 1, 1996, but not less than 

  

	 	(iii)	the Pension Allowance accrued up to January 1, 1996. 

 (c) For an O&R
Participant who retires after January 1, 2003 and on or before January 1, 2005: 
  

	 	(i)	Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 1997, provided
that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

  

	 	(ii)	Calculation of “past service”: (x) 1 1⁄2% of O&R Participant’s Annual Compensation as of January 1,
1998, multiplied by (y) the number of Years of Accredited Service prior to January 1, 1998, but not less than 

  

	 	(iii)	the Pension Allowance accrued up to January 1, 1998. 

 (d) For an O&R
Participant who retires after January 1, 2005 and on or before January 1, 2008: 
  

	 	(i)	 Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each
Year of Accredited Service after December 31, 1999, provided that the amount 

  
 22 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	
shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two
(2) years after retirement, plus 

  

	 	(ii)	Calculation of “past service”: (x) 1 1⁄2% of O&R Participant’s Annual Compensation as of January 1,
2000, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2000, but not less than 

  

	 	(iii)	the Pension Allowance accrued up to January 1, 2000. 

 (e) For an O&R
Participant who retires after January 1, 2008 and on or before January 1, 2011: 
  

	 	(i)	Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 2002, provided
that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

  

	 	(ii)	Calculation of “past service”: (x) 1 1⁄2% of O&R Participant’s Annual Compensation as of January 1,
2003, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2003, but not less than 

  

	 	(iii)	the Pension Allowance accrued up to January 1, 2003. 

  
 23 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (f) For an O&R Participant who retires on or after January 1, 2011 and, only
for an O&R Hourly Participant who retires on or before January 1, 2014: 
  

	 	(i)	Calculation of “future service”: 2% of O&R Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 2005, provided
that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after retirement, plus

  

	 	(ii)	Calculation of “past service”: (x) 1 1⁄2% of O&R Participant’s Annual Compensation as of January 1,
2006, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2006, but not less than 

  

	 	(iii)	the Pension Allowance accrued up to January 1, 2006. 

 (g) For an O&R Hourly
Participant who retires on and after January 1, 2014: 
  

	 	(i)	Calculation of “future service”: 2% of O&R Hourly Participant’s Annual Compensation received during his or her Accredited Service for each Year of Accredited Service after December 31, 2008,
provided that the amount shall be computed as if Accredited Service had continued and he or she had received Annual Compensation at the rate being paid to him or her immediately prior to retirement for an additional two (2) years after
retirement, plus 

  
 24 

 The Consolidated Edison Retirement Plan Part II (b) 

 

	 	(ii)	Calculation of “past service”: (x) 1 1⁄2% of O&R Hourly Participant’s Annual Compensation as of
January 1, 2009, multiplied by (y) the number of Years of Accredited Service prior to January 1, 2009, but not less than 

  

	 	(iii)	the Pension Allowance accrued up to January 1, 2009. 

 (h) Solely for purposes of
calculating the “future service” benefit of an O&R Participant, Annual Compensation means his or her actual Compensation and does not mean his or her annual rate of compensation. 

(i) If greater than the Pension Allowance determined in (a) to (c) above, the Pension Allowance of the O&R Participant
will be determined pursuant to Code Section 411 (c)(2)(B) based solely upon the Participant’s Accumulated Contributions. 
 (j)
The Pension Allowance of an employee of the former Orange and Rockland Electric Company who became an O&R Participant as of January 1, 1963 shall be the same as if he or she had been employed at all times by O&R and had become an
O&R Participant when first eligible for participation. There shall be deducted from his or her Pension Allowance amounts to which he or she is entitled under Annuity Contract No. 544 of The Equitable Life Assurance Society of the United
States which is held by the Trustee in the Trust. 
 (k) The Pension Allowance of an employee of the former Rockland Gas Co., who
became an O&R Participant as of June 30, 1969 shall be the same as if he or she had been employed at all times by O&R and had become an O&R Participant when first eligible for participation, provided that there shall be paid to him
or her and deducted from his or her Pension Allowance amounts to which he or she is entitled under Annuity Contract No. 820 of the Equitable Life Assurance Society of the United States which is held by the Trustee in the Trust. 

  
 25 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX G 

Special Pension Adjustment 
  

	G.1	Special Pension Adjustment 

  

	 	A.	Effective April 1, 2001, there will be an increase of $50 per month (“Special Pension Adjustment”) in the monthly Pension Allowance payments to those, other than the Participants and Surviving
Spouses excluded by reason of paragraph B below, CECONY Management Participants, CECONY Weekly Participants, and the Surviving Spouses of CECONY Management Participants and CECONY Weekly Participants whose Monthly Pension Allowance payment only as
of, and in, March 2001 is equal to or less than $1,000 a month. 

  

	 	B.	The Special Pension Allowance shall not be payable to a terminated vested CECONY Participant who is not a Rule of 75 Participant, a Surviving Spouse of a terminated vested CECONY Participant who is not a Rule of
75 Participant, an alternate payee, whether or not the alternate payee is in pay status, or to a non-spouse Beneficiary without regard to the fact that such person may otherwise satisfy the dollar amount. 

  
 26 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX H 

Provisions Applicable to CECONY Participants at 

Fossil-Fueled Divested Operations 
  

	H.1	Effective Date and Scope of Appendix H 

 This Appendix H shall be effective as of
January 1, 1999 and shall be applied to the determination of benefits payable to CECONY Participants at Divested Operations. For the purpose of this Appendix H, the term “CECONY Participant at Divested Operations” shall mean a CECONY
Participant who, as of the date of the divestiture (“Divestiture”), had been assigned to one of CECONY’s fossil fuel electricity generation facilities in New York City (“Divested Operations”), and who remained in the employ
of the buyer, or successor thereto, of the Divested Operations (“Divestiture Buyer”) subsequent to CECONY’s Divestiture of such facilities in 1999. 
  

	H.2	Treatment of CECONY Participants at Divested Operations 

 (a) Solely for purposes
of determining whether a CECONY Participant at Divested Operations is entitled to apply the favorable actuarial discount factors and early retirement subsidiaries available to a Rule of 75 Participant, the Accredited Service of a CECONY Participant
at Divested Operations shall be determined by adding to his or her Accredited Service credited prior to the Divestiture his or her “Post Divestiture Service.” “Post Divestiture Service” means the period of employment with the
Divestiture Buyer determined as if the Post Divestiture Service were employment with CECONY, including 

  
 27 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
the application of Section 3.02 to the Post Divestiture Service. No portion of any Post Divestiture Service shall be taken into account for benefit accrual or computation of the amount of
such Employee’s benefit under the Plan. Post Divestiture Service shall not be taken into account for any period after a Participant’s Annuity Starting Date. 

(b) A CECONY Participant at Divested Operations who had not earned a nonforfeitable right to one hundred percent (100%) of his or
her accrued pension as of the day immediately prior to the Divestiture in accordance with the provisions of Section 4.05(a), shall nonetheless be fully and nonforfeitably vested in one hundred percent (100%) of his or her accrued pension,
as of the date of the Divestiture. 
 (c) For purposes of determining the value of a Participant’s Surviving Spouse’s
benefits, the Accredited Service of a CECONY Participant at Divested Operations shall be determined in accordance with the provisions of Section H(2)(a). 

(d) For purposes of determining whether a CECONY Participant at Divested Operations has satisfied the conditions requisite for a
Disability Pension Allowance under Section 4.06 of the Plan, the Accredited Service of a CECONY Participant at Divested Operations shall be determined by adding to his or her Accredited Service prior to the Divestiture of his or her Post
Divestiture Service. 

  
 28 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX I 

Provisions Applicable to O&R Participants 

Under O&R’s Pension Protection Program 

I.1 Definitions The following words and phrases as used in this Appendix I shall have the meaning indicated below: 

(a) “Buyer” shall mean the entity which purchased the Electric Generating Assets, and any other entity which is aggregated
with the Buyer under Code Sections 414(b), (c), (m), or (o). 
 (b) A Production Employee’s termination by the Buyer, O&R,
or an affiliated company shall be for “Cause” if (i): he or she is convicted of a crime or engaged in an act of moral turpitude; (ii) he or she breaches any of his or her obligations under any employment agreement governing his or her
employment; (iii) he or she is grossly negligent or engages in gross misconduct in the performance of his or her duties for the Buyer; (iv) he or she repeatedly fails to follow written policies or guidelines that have been expressly
approved by the Buyer; (v) he or she is discharged as a result of poor or unsatisfactory performance for the Buyer; or (vi) where applicable, he or she breaches any of his or her fiduciary duties as an office or director of the Buyer. 

(c) “Divestiture Date” means the effective date of the sale of the Electric Generating Assets. 

(d) “Electric Generating Assets” means the electric generating assets of O&R allocated to O&R’s Electric
Production Division. 

  
 1 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (e) “50/10 Employee” means a Production Employee who (i) will have
reached at least age 50 by the last day of the Plan Year in which the Divestiture Date occurs, and (ii) would have had at least 10 years of Vesting Service by the last day of the Plan Year in which the Divestiture Date occurs if his or her
employment had continued with O&R until such last day. Notwithstanding the foregoing and except as otherwise provided in Section 3 (f) of this Appendix I, “Limitations of the Program and Special Rules”, a 50/10 Employee shall
not include any Production Employee who declines an offer of employment from the Buyer for a position for which he or she had applied. 

(f) “40/20 Employee” means a Production Employee who (i) will have reached at least age 40 by the last day of the Plan
Year in which the Divestiture Date occurs, and (ii) would have had at least 20 years of Vesting Service by the last day of the Plan Year in which the Divestiture Date occurs if his or her employment had continued with O&R until such last
day. Notwithstanding the foregoing and except as otherwise provided in Section 3.f. of this Appendix I, “Limitations of the Program and Special Rules,” a 40/20 Employee shall not include any Production Employee who declines an offer
of employment from the Buyer for a position for which he or she had applied. 
 (g) “Production Employee” shall mean an
O&R Employee, other than an O&R Employee who is covered by a collective bargaining agreement (unless included under the terms of a voluntary termination program in which he or she elects to participate and which provides for participation in
the Program), who (i) as of the 

  
 2 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
Divestiture Date is an Employee of the Electric Production Division, and ceases to be employed by, and by action of, O&R, and its Affiliates as a result of the sale of the Electric Generating
Assets; (ii) as of the Divestiture Date is not an Employee of the Electric Production Division but provides support to such division, and ceases to be employed on or before December 31, 1999 by, and by action of, O&R and its Affiliates
for reasons other than Cause as a result of the sale of the Electric Generating Assets; or (iii) as of a date established under a voluntary termination program created by O&R in connection with the sale of the Electric Generating Assets, is
not an Employee of the Electric Production Division but provides support to such division, and ceases to be employed by O&R and its Affiliates as a result of his or her election to terminate employment in connection with such voluntary
termination program. 
 (h) “Program” shall mean the Pension Protection Program, as set forth in this Appendix I, and as
amended (if at all) from time to time hereafter. A series of charts to be used in the interpretation of the Program are also set forth in Appendix I. 

(i) “Protection Period” shall mean the period which begins on the Divestiture Date and which ends on the fifth anniversary of
such Divestiture Date. 
 I.2 Protections under the Program 

(a) 50/10 Employees. If a 50/10 Employee: (i) declines to apply for employment with the Buyer; (ii) applies for, but is not
offered, employment with the Buyer (or declines a position which is described in Section 3.f. of this Appendix I or a position for which he or she did not apply); (iii) is hired by the Buyer but is substantially involuntarily terminated
prior to his or her Annuity Starting Date by the 

  
 3 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
Buyer for reasons other than Cause within the Protection Period; or (iv) is hired by the Buyer and remains employed with the Buyer until the end of the Protection Period and does not have an
Annuity Starting Date before the end of the Protection Period, he or she shall have 5 years of Vesting Service and 5 years of age added under the Plan to his or her actual Vesting Service and age, respectively, determined as of the Divestiture Date,
for purposes of determining his or her eligibility for an early retirement Pension Allowance and for calculating the pre-age 65 early retirement Pension Allowance reduction (if any) but not for purposes of calculating his or her accrued benefit.
Notwithstanding the foregoing, a 50/10 Employee described in the preceding sentence who is age 49 as of the Divestiture Date shall be deemed for the purpose of early retirement Pension Allowance eligibility to have retired at age 55, but, as
provided in Section 3.6 of this Appendix 1, his or her Pension Allowance cannot commence prior to actual age 55. 
 A 50/10 Employee
who is hired by the Buyer, but who prior to the end of the Protection Period either voluntarily commences receiving Plan benefits while employed by the Buyer or voluntarily terminates employment with the Buyer, shall have his or her eligibility for
an early retirement Pension Allowance, and the calculation of the pre-age 65 early retirement Pension Allowance reduction (if applicable) but not the amount of his or her accrued benefit, determined by treating as Vesting Service his or her service
with the Buyer from the Divestiture Date until the earlier of his or her Annuity Starting Date or his or her employment termination with the Buyer, and his or her age as of the earlier of such dates. A 50/10 Employee who terminates employment prior
to age 55 

  
 4 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
shall not be eligible for an early retirement Pension Allowance; provided, however, that a 50/10 Employee who voluntarily terminates employment with the Buyer in the calendar year of the
Divestiture Date shall be deemed for purposes of early retirement Pension Allowance eligibility and for purposes of the 85-point determination to have terminated employment as of the earlier of his or her Annuity Starting Date or the last day of
such calendar year. His or her Pension Allowance cannot commence prior to actual age 55. 
 In the event that a 50/10 Employee receives a
post-Divestiture Date grant of age and service in accordance with the preceding paragraphs of this Section, and elects to commence receipt of his or her benefits under the Plan prior to his or her Normal Retirement Date, the reduction for early
commencement shall be computed based upon the greater of (i) his or her actual age at the Annuity Starting Date or (ii) his or her actual age at the Divestiture Date, as increased by the applicable grant of additional age under the
Program, as set forth above. 
 (b) 40/20 Employees A 40/20 Employee who declines to apply for employment with the Buyer, who applies
for but is not offered employment by the Buyer (or declines a position which is described in Section 3.f. of this Appendix I or a position for which he or she did not apply), or who is involuntarily terminated by the Buyer for reasons other
than Cause within the Protection Period (in each case, a “Covered 40/20 Employee”), and who elects to begin receiving benefits prior to his or her Normal Retirement Date will have the reduction for early commencement, but not his or her
accrued benefit calculated using the early retirement Pension Allowance 

  
 5 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
factors set forth in Section 4.04(c) based upon his or her age as of his or her Annuity Starting Date. Notwithstanding the foregoing, a Covered 40/20 Employee shall have 5 years of Vesting
Service and 5 years of age added under the Plan to his or her Vesting Service and age, respectively, determined as of the Divestiture Date, and to the extent that the sum of his or her age and Vesting Service as of the Divestiture Date, as so
adjusted, totals at least 85, there shall be no reduction if the Annuity Starting Date precedes the Normal Retirement Date. A 40/20 Employee who is hired by the Buyer and who either voluntarily terminates employment during the Protection Period or
remains employed with the Buyer until the end of the Protection Period will not be a Covered 40/20 Employee, and will be eligible only for a vested Pension Allowance determined under Section 4.05(c) without regard to the Program. 

(c) Other Production Employees Any Production Employee who is a Participant and has less than 5 years of Vesting Service as of the
Divestiture Date, and who was not already 100% vested in accordance with the Change in Control provisions of the Prior Plan, shall be 100% vested under the Plan as of the Divestiture Date and shall be eligible to receive a vested Pension Allowance
if they accrue any Accredited Service under the Plan. 
 I.3 Limitations of the Program and Special Rules 

(a) Production Employees’ benefits under the Plan which have accrued as of the Divestiture Date shall not increase thereafter as a
result of the Program, nor does the Program affect the amount which is payable to Production Employees commencing at their Normal Retirement Date. 

  
 6 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (b) Notwithstanding the Program, no benefits can commence under the Plan to a
Production Employee prior to his or her actual attainment of age 55. 
 (c) The $600 per month supplement described in
Section 4.04(c)(iv) shall be available to a Production Employee only if his or her Annuity Starting Date is within the Protection Period and such Production Employee: (i) is at least age 60 but less than age 62 as of his or her Annuity
Starting Date; and (ii) in the event of a voluntary termination from the Buyer, is at least age 60 as of the date of such voluntary termination. 

(d) No Disability Pension Allowance shall commence to a Production Employee after the Divestiture Date. 

(e) Each 50/10 Employee and 40/20 Employee who has not had an Annuity Starting Date shall be eligible for a Spouse’s Pension
Allowance under Section 4.08. Such eligibility for a Spouse’s Allowance shall cease upon: (i) voluntary termination from the Buyer within the Protection Period prior to retirement eligibility (for this purpose, a 50/10 Employee who
terminates employment with the Buyer in the calendar year of the Divestiture Date shall be treated as retirement eligible if he or she is at least age 55 and has at least 10 years of Vesting Service by the end of such calendar year); or
(ii) the end of the Protection Period in the case of a 40/20 Employee who has not voluntarily terminated employment with the Buyer prior to that date. A 50/10 Employee or 40/20 Employee who has not had an Annuity Starting Date but who ceases to
be eligible for a Spouse’s Allowance, and any Production Employee who is not a 50/10 Employee or 40/20 Employee and who has not had an Annuity Starting Date, shall be eligible for a vested O&R Participant Spouse’s Allowance under
Section 4.08. 

  
 7 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (f) For purposes of the Program, a Production Employee shall not be deemed to have
been offered employment by the Buyer if he or she declines employment with the Buyer which would require (i) more than a 10% reduction in his or her total compensation (salary plus the target benefit under the Orange and Rockland Utilities,
Inc. Annual Team Incentive Plan (“ATIP”)) immediately prior to the Divestiture Date, or (ii) assignment to another geographic location which is more than 50 miles from his or her place of employment immediately prior to the
Divestiture Date. Similarly, if a Production Employee accepts an offer of employment with the Buyer, he or she will be deemed to have an involuntary termination of employment during the Protection Period for a reason other than Cause if he or she
terminates employment following (i) a reduction in pay to a level more than 10% below his or her total compensation (salary plus the target benefit under the O&R Annual Team Incentive Plan (“ATIP”)) immediately prior to the
Divestiture Date, or (ii) reassignment to another location which is more than 50 miles from his or her place of employment immediately prior to the Divestiture Date. 

If the Program is included in a voluntary termination program offered by O&R in connection with the sale of the Electric Generating
Assets, O&R may elect to provide (on a uniform basis with respect to all Participants to whom such program is offered) that a Participant who terminates employment under such program shall have (i) any grants of age and Vesting Service for
early retirement reduction calculation purposes 

  
 8 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
added to his or her actual age and Vesting Service as of a date specified in the voluntary termination program, which date is other than the Divestiture Date; and (ii) a five-year,
Protection Period which begins on such specified date rather than on the Divestiture Date. 

  
 9 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX I 

ATTACHMENT I 
 Summary
of Pension Allowance to be Provided by 
 O&R to Employees Affected by the Southern Energy Divestiture 

Production Employees will receive their vested accrued Pension Allowance from the Plan based on service and pay up to the Divestiture Date.
The Pension Allowance payable under the Plan will be subject to adjustment each year after benefit payments commence by the Pension Benefit Adjustment (PBA) described in Section 11.06 of the Plan. 

Production Employees may elect to receive their pension benefits prior to the normal retirement age/date described in the Plan. However, if
they do elect to commence their Pension Allowance early, the Pension Allowance will be reduced and/or subsidized as described in the following tables. The following tables summarize the provisions of Appendix I to the Plan; in the event of a
conflict, the provisions of 

  
 10 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 Attachment I.1 Union Employees Hired by Southern Energy 

 

					
	 (a)
	 	 (b)

	 Age and VS as of the Divestiture Date
	 	 If employee elects to start O&R

Pension Allowance at Divestiture Date
	 	 If employee elects to start O&R
Pension
Allowance after Divestiture Date

	1. Age 65 (regardless of VS)	 	100% of AB	 	100% of AB
			
	2. Age 62+ with 10+ VS	 	100% AB	 	 AB reduced for age at commencement

		 		 	 •      6%/Yr. Prior to 65

	3. Age 60-62 with 10+ VS	 	100% of AB and $600 supplement to 62	 	 AB reduced for age at commencement

		 		 	 •      6%/Yr. Prior to 65

	4. Age 55-59 with 10+ VS	 	 AB reduced for age at commencement:
	 	 AB reduced for age at commencement

		 	 •      4%/Yr. Prior to 60
	 	 •      6%/Yr. Prior to 65

		 	 •      no reduction with 85 points
	 	
			
	5. Under 55 with 10+ VS	 	Not applicable	 	 AB reduced for age at commencement

		 		 	 •      6%/Yr. Prior to 65. Benefits cannot begin until age 55

	6. Any age with under 10 VS	 	Not applicable	 	AB vested regardless if Plan Participant on 8/20/98; any others will not be vested; first available for payment at age 65.

  
 11 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 Attachment I.2 Management Employees Hired by Southern Energy 

 

											
	 	 	 a.
	 	 b.
	 	 c.
	 	 d.
	 	 e.

	 	 	 	 	 If employee delays commencement of O&R Benefits
until sometime after Divestiture Date

	 	 	 	 	 If employee terminates/ /retires from Southern
Energy
within 5 years of Divestiture Date
	 	 If employee remains employed at Southern
Energy
more than 5 years after Divestiture Date

	 Age and VS as of the
Divestiture Date
	 	 If employee hired by
Southern elects to start
O&R payments at
Divestiture
Date
	 	 If Southern Energy
involuntarily terminates
employee
	 	 If employee voluntarily
terminates from Southern
Energy
	 	 If employee elects to start
O&R pension within 5
years of divestiture
	 	 If employee elects to start
O&R pension more than 5
years after
divestiture

	 1. Age 50-54 with 10+ VS (Note: benefits cannot in any case begin until actual age 55)
	 	Not applicable	 	 AB reduced by % below based on age/service as of the divestiture with 5 added to age/service:

 
 •      0% if
85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise
  

•      4%/yr. For commencement prior to 60 (reduction based on greater of (i)
actual age or (ii) sum of age at divestiture + 5).
	 	 AB reduced by % below based on age at commencement:
  

•      If termination from Southern before 55, 6%/yr. prior to 65

 
 •      If
termination from Southern after age 55
  

•      0% if 85 points at termination (counting points for actual service up to
voluntary termination), otherwise
  

•      4%/yr. For pre-age 60 commencement.
	 	Same as column c, but counting of points stops at commencement.	 	 AB reduced by % below based on age/service as of the divestiture with 5 added to each:

 
 •      0%
reduction if 85 points at end of 5-year period, otherwise
  

•      4%/yr for commencement prior to 60

 
 No $600/mo. Supplement.

  
 12 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 Attachment I.2 Management Employees Hired by Southern Energy 

 

											
	 	 	 a.
	 	 b.
	 	 c.
	 	 d.
	 	 e.

	 2. Age 40-49 with 20+ VS
	 	Not applicable	 	 AB available between the ages of 55 and 65 adjusted for age at commencement:

 
 •      0% if
85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise
  

•      4%/yr. for commencement prior to 60.
	 	 AB available between the ages of 55 and 65 adjusted for age at commencement:

 
 •      6%/yr.
for commencement prior to 65.
	 	Not applicable	 	Same as column c
						
	 3. Any age under 50 with 10-19 VS
	 	Not applicable	 	 AB available between the ages of 55 and 65 adjusted for age at commencement:

 
 •      6%/yr.
prior to 65.
	 	Same as column b	 	Not applicable	 	Same as column b
						
	 4. Any age with under 10 VS
	 	Not applicable	 	AB vested at divestiture regardless of service and made available at age 65.	 	Same as column b	 	Not applicable	 	Same as column b.

  
 13 

 The Consolidated Edison Retirement Plan Part II (b) 

 

											
	 	  	 Management Employees Hired by Southern
Energy
 If employee delays commencement of O&R Benefits until sometime after Divestiture Date

	  	 If employee terminates/ /retires from
Southern
Energy within 5 years of Divestiture Date
	  	 If employee remains employed at Southern
Energy
more than 5 years after Divestiture Date

	 Age and VS as of the
Divestiture Date
	  	 If employee hired by
Southern elects to start
O&R
payments at
Divestiture Date
	  	 If Southern Energy
involuntarily
terminates
employee
	  	 If employee voluntarily
terminates from
Southern
Energy
	  	 If employee elects to
start O&R pension
within 5 years
of
divestiture
	  	 If employee elects to
start O&R pension
more than 5
years after
divestiture

						
	 1. Age 65
	  	100% of AB	  	Same as column a	  	Same as column a	  	Same as column a	  	Same as column a
						
	 2. Age 62+ with 10+ VS
	  	100% of AB	  	Same as column a	  	Same as column a	  	Same as column a	  	Same as column a
						
	 3. Age 60-62 with 10+ VS
	  	100% of AB and $600/mo. Supplement up to 62	  	Same as column a	  	Same as column a	  	Same as column a	  	100% of AB

  
 14 

 The Consolidated Edison Retirement Plan Part II (b) 

 

											
	 4. Age 55-59 with 10+ VS
		 AB reduced for age at commencement:
  

•      0% if 85 points at divestiture, otherwise

 
 •      4%/yr.
prior to 60.
  
 No pension protection coverage if involuntarily terminated
later.
		 Regardless of when benefit commences or points at divestiture:
  

•      100% of AB, and

 

•      $600/mo. Supplement to 62 if benefit commences between 60 and 62 within the
5-year protection period.
		 AB reduced for age at commencement:
  

•      0% if 85 points at termination (counting points for actual service up to
termination), otherwise
  

•      4%/yr. For commencement prior to 60.

 
 $600/mo. Supplement to 60 if termination occurs after age 60, and if benefits commence at
60-62 within the 5-year protection period.
		Same as column c, but no age or service points after benefits commence, and $600/mo. Supplement to 62 if commencement occurs after age 60 but before age 62.		100% of AB, but not eligible for $600/mo. Supplement.

  
 15 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 Attachment I.3 Addendum 1 

Chart for Management Employees Affected by Asset Sales 

But Not Hired by Southern Energy and not Eligible to Participate in a Voluntary Severance Program 

 

					
	 A
	  	 B

	 Age and VS as of

the Divestiture Date
	  	 Employee Does Not Apply for Employment with
Southern, or Applies but is Not Offered Employment

	  
 1. Age 65
	  	  
 100% of AB

 
 100% of AB
  

100% of AB and $600/mo. supplement up to 62.
  

Regardless of when benefit commences or points at divestiture:
  

•      100% of AB, and

 

•      $600/mo. supplement to 62 if benefit commences between 60 and 62 within the
5-year protection period.
	  	  
 Same as column a

	  
 2. Age 62+ with 10+
VS
	  	  	  
 Same of column a

	  
 3. Age 60-62 with
10+ VS
	  	  	  
 Same as column a

	  
 4. Age 55-59 with 10+ VS
	  	  	  
 AB reduced for age at commencement:

 
 •      0% if
85 points at divestiture, otherwise
  

•      4%/yr prior to
60.

  
 16 

 The Consolidated Edison Retirement Plan Part II (b) 

 

					
	 5. Age 50-54 with 10+ VS (Note: benefits cannot in any case begin until actual age 55)
		 AB reduced based on age/service as of the divestiture with 5 added to each:

 
 •      0% if
85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise
  

•      4%/yr. for commencement prior to 60 (reduction based on greater of (i)
actual age or (ii) sum of age at divestiture + 5).
		AB available at age 55+65, but 6%/yr. reduction prior to 65.
			
	 6. Age 40-49 with 20+ VS
		 AB available between the ages of 55 and 65 adjusted for age at commencement:

 
 •      0% if
85 points at commencement (counting points for 5 years after divestiture; i.e., if 75 points at divestiture), otherwise
  

•      4%/yr. For commencement prior to 60.
		AB available at age 55-65, but 6%/yr. reduction prior to 65.
			
	 7. Any age under 50 with 10-19 VS
		 AB available between the ages of 55 and 65 adjusted for age at commencement:

 
 •      6%/yr.
prior to 65.
		Same as column a.
			
	 8. Any age with under 10 VS
		AB vested at divestiture regardless of service and made available at age 65.		Same as column a.

  

	(a)	No employee described in this Addendum I will be eligible for a disability benefit from the O&R Plan after the Divestiture Date. 

	(b)	An employee who declines an offer of employment with Southern (except as otherwise provided in footnote 6) will be eligible for a vested Participant Spouse’s Allowance prior to the employee’s Annuity Starting
Date, unless coverage is waived. Employees who did not apply for employment with Southern and who are covered under the Pension Protection Program will be treated as actively employed and their spouses will be entitled to a pre-commencement
Spouse’s Allowance for which there is no coverage charge; provided, however, that Spouse’s Allowance coverage will cease as of the end of the 5-year protection period in the case of 40/20 employees. 

  
 17 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 Attachment I.4 Addendum II – Chart for Management and Union Employees 

Eligible for a Voluntary Severance Program 

Age and ES as of the Employee’s Termination Date 

Employee Terminates Employment under Voluntary Severance Program 

 

			
	 1. Age 65
		100% of AB
		
	 2. Age 62+ with 10+ VS
		100% of AB
		
	 3. Age 60-62 with 10+ VS
		100% of AB and $600/mo. Supplement up to 62.
		
	 4. Age 55-59 with 10+ VS
		 Regardless of when benefit commences or points at termination:
  

•      100% of AB, and

 

•      $600/mo. Supplement to 62 if benefit commences between 60 and 62 within the
5-year protection period which begins on the date of termination.

		
	 5. Age 50-54 with 10+ VS

 
 (Note: benefits cannot in any case begin until actual age 55)
		 AB reduced based on age/service as of the termination with 5 added to each:

 
 •      0% if
85 points at commencement (counting points for 5 years after termination; i.e., if 75 points at termination), otherwise
  

•      4%/yr. for commencement prior to 60 (reduction based on greater of (i)
actual age or (ii) sum of age at termination + 5).

  
 18 

 The Consolidated Edison Retirement Plan Part II (b) 

 

			
		
	6. Age 40-49 with 20 + VS		AB available between the ages of 55 and 65 adjusted for age at commencement:
		
			 •      0% if 85 points at commencement (counting points for 5
years after termination; i.e., if 75 points at divestiture), otherwise
  

•      4%/yr. for commencement prior to 60.

		
	7. Any age under 50 with 10-19 VS		 AB available between the ages of 55 and 65 adjusted for age at commencement:

 
 •      6%/yr.
prior to 65.

		
	8. Any age with under 10 VS		AB vested at termination regardless of service and made available at age 65.

  

	(a)	No Employee described in this Addendum II will be eligible for a disability benefit from the O&R Plan after termination of employment. 

	(b)	50/10 and 40/20 Employees who terminate employment covered under the VSP will be treated as actively employed and their spouses will be entitled to a pre-commencement Spouse’s Allowance for which there is no
coverage charge; provided, however, that Spouse’s Allowance coverage will cease as of the end of the 5-year protection period in the case of 40/20 employees. 

  
 19 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX J 

Provisions Applicable to Affected Indian Point (“IP”) Employees 

J.1 Effective Date and Scope of Appendix J 

This Appendix J shall not become effective unless and until the closing of the sale of CECONY’s nuclear-fueled electricity generating
facilities at Indian Point (“IP”) occurs. This Appendix J shall be applied to the determination of benefits payable to a CECONY Management Participant or CECONY Weekly Participant who, as of the date of the closing of the sale of IP
(“IP Divestiture”), had been assigned to IP, and who remains in the employ of the buyer, or successor thereto, of the IP (“Divestiture Buyer”) subsequent to IP Divestiture in 2001 (“Affected IP Employees”). 

J.2 Treatment of Affected IP Employee 

(a) Solely for purposes of determining whether an Affected IP Employee is entitled to apply the favorable actuarial discount factors
and early retirement subsidies available to a Rule of 75 Participant, the Accredited Service of an Affected IP Employee shall be determined by adding to his or her Accredited Service credited prior to the IP Divestiture his or her “Post
Divestiture Service.” “Post Divestiture Service” means the period of employment with the Divestiture Buyer determined as if the Post Divestiture Service were employment with CECONY, including the application of Section 3.02 to
the Post Divestiture Service, provided, however, that Post Divestiture Service shall not be taken into account for purposes of benefit accrual or computation of the amount of the Affected IP Employee’s benefit under the Plan. Post Divestiture
Service shall not be taken into account for any period after a Participant’s Annuity Starting Date. 

  
 20 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (b) An Affected IP Employee who had not earned a nonforfeitable right to one hundred
percent (100%) of his or her accrued Pension Allowance as of the day immediately prior to the IP Divestiture shall become fully and nonforfeitably vested in one hundred percent (100%) of his or her Pension Allowance as of the date of the
IP Divestiture. 
 (c) For purposes of determining the value of an Affected IP Employee’s Surviving Spouse’s benefits, the
Accredited Service of an Affected IP Employee shall be determined in accordance with the provisions of Appendix J, Section J.2(a). 

  
 21 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX K 

Provisions Applicable to CECONY Support Employee re 

Voluntary Retirement Incentive—Support Organizations Program 

K.1 Effective Date and Scope of Appendix K 

Effective July 1, 1999, and notwithstanding any other provision of the Plan, the provisions of this Appendix K shall be applicable and
available to those “CECONY Support Employees,” as defined in Appendix K, Section K.2, who meet the eligibility criteria set forth in Section K.3. The provisions of this Appendix K shall be applicable only during the limited period of time
and on the other terms and conditions set forth in this Appendix K. 
 K.2 CECONY Support Employees 

The term “CECONY Support Employee” means an Eligible Employee who, as of June 1, 1999, was employed by CECONY in a department
that provided support to the Divestiture Operations, as defined in Appendix H. A list of those departments in which CECONY Support Employees were employed as of June 1, 1999 is set forth in Section K 8. 

K.3 Eligibility Criteria 
 A CECONY
Support Employee satisfies the eligibility criteria for the Voluntary Retirement Incentive - Support Organizations Program, if, as of December 31, 1999, 

  
 22 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
she or he or she attained age 53, and the sum of his or her age and Years of Accredited Service, as of August 31, 1999, but projected to December 31, 1999, is seventy-five (75) or
more. For the purpose of determining the sum of the CECONY Support Employee’s age and Years of Accredited Service, projected to December 31, 1999, a CECONY Support Employee shall be deemed to have continued in employment with the CECONY
until December 31, 1999. 
 K.4 Retirement under Voluntary Retirement Incentive – Support Organizations Program 

A CECONY Support Employee who satisfies the eligibility criteria set forth in Section K.3 and who elects during the period from July 1,
1999 through August 16, 1999, on a form furnished by and filed with CECONY, to accept the retirement incentives described in Section K.5, shall retire with an effective date of September 1, 1999. A CECONY Support Employee’s election
to retire shall be revocable until the close of business on the seventh day following the end of the election period, or August 23, 1999. If the CECONY determines that deferral is warranted by business necessity or extraordinary circumstances,
CECONY may require a CECONY Support Employee who has made an election in accordance with this Section to defer his or her effective date of retirement until no later than January 1, 2000. 

K.5 Special Retirement Benefits under Voluntary Retirement Incentive - Support Organizations 

The retirement benefits payable to a CECONY Support Employee who elects to retire, pursuant to Section K.4, under the Voluntary Retirement
Incentive - Support Organizations Programs, shall be determined as follows: 
 (a) For purposes of determining the number of Years of
Accredited Service, the CECONY Support Employee’s termination from employment shall be deemed to occur on December 31, 1999. 

  
 23 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (b) The CECONY Support Employee’s Final Average Salary or Pay shall be determined
as if he or she had remained in employment until December 31, 1999 and his or her Annual Basic Straight Time Compensation had remained unchanged from the rate in effect at July 1, 1999. 

(c) For purposes of Appendix F.1.A(b), Section I(b), or Section F.2.A(b), the CECONY Support Employee’s Total Salary shall be
determined as if he or she had remained in employment until December 31, 1999 and his or her rate of pay had remained unchanged from the rate in effect on July 1, 1999. 

(d) For purposes of Section 4.04(b)(iv), the discount factor in Table A for all ages equal to or greater than age 55 shall be
deemed to be 1.000. 
 (e) In addition to the benefit determined in accordance with subsections (c) and (d) above, the
CECONY Support Employee shall receive a special lump sum amount (“Special Lump Sum”) which shall be equal to the sum of: 
  

	 	(i)	33% of his or her Final Average Salary or Pay, plus 

  

	 	(ii)	2% of his or her Final Average Salary or pay multiplied by his or her Years of Accredited Service, provided, however, that Years of Accredited Service in excess of 33  1⁄2 shall not be taken into account. 

 (f) For purposes of determining the amount of
the Special Lump Sum, a CECONY Support Employee’s Years of Accredited Service shall be determined by 

  
 24 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
deeming his or her date of termination of employment as December 31, 1999. his or her Final Average Salary or Pay shall be determined by taking into account the provisions of Section K.5
subparagraph (b). The Special Lump Sum shall be payable in accordance with the provisions of Section K.5, subparagraph (g). 
 (g)
The CECONY Support Employee may elect to receive the Special Lump Sum in the form of a single lump sum payment payable as soon as practicable after the CECONY Support Employee’s effective date of retirement. If the CECONY Support Employee
is married, such election shall be given effect only if his or her spouse provides written consent thereto, on a form furnished by the Plan Administrator and witnessed by a Notary Public. If the CECONY Support Employee does not make the election
described in the foregoing sentence, then the Special Lump Sum shall be payable as an annuity in accordance with the provisions of Section K.5 subparagraph (h). 

(h) If the Special Lump Sum is payable as an annuity, such annuity shall commence on the same date and be payable in the same form as
the CECONY Support Employee’s Pension Allowance determined in accordance with the applicable benefit formula, giving effect to any election by the CECONY Support Employee in accordance with Article 5. The amount of such annuity shall be
determined by first converting the Special Lump Sum into an annuity for the life of the CECONY Support Employee, on the basis of the Adjusted IRS Interest Rate and the IRS Mortality Table, and on the basis of the CECONY Support Employee’s age
as of January 1, 2000, and then by applying the adjustment factor, if any, applicable to the CECONY Support Employee’s Pension Allowance, pursuant to any election made by the CECONY Support Employee in accordance the provisions of Article
5. 

  
 25 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 (i) In the event that the actual retirement date of a CECONY Support Employee is
deferred, pursuant to Section K.4, then upon his or her actual retirement, his or her retirement benefits shall be determined in accordance with subparagraphs (a) and (b), except that: (i) his or her period of Accredited Service from
September 1, 1999 through his or her actual date of retirement shall be added to the Accredited Service otherwise determined in accordance with subparagraph (a); and (ii) subparagraphs (b) and (c) shall be applied by
(A) substituting for “December 31, 1999” a date that is later than December 31, 1999 by the same number of months that the CECONY Support Employee’s actual date of retirement is later than September 1, 1999, and
(B) by substituting for “July 1, 1999” the earlier of October 1, 1999 or the day next preceding his or her actual date of retirement. 

(j) If a CECONY Support Employee whose retirement is deferred pursuant Section K. 4, dies prior to his or her actual date of
retirement, any election made by such CECONY Support Employee in accordance with Article 5 shall be given effect in the same manner as if the first day of the month that includes his or her date of death had been his or her Annuity Starting Date,
and the Special Lump Sum shall be payable in accordance with the election made by the Employee pursuant to subparagraph (g). If the CECONY Support Employee had elected to receive the Special Lump Sum as a single lump sum payment, then such amount
shall be paid to his or her Surviving Spouse, or, if there is no Surviving Spouse, to his or her Beneficiary, or, if there is no Beneficiary, to 

  
 26 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 
his or her beneficiary under the group term life insurance policy maintained by CECONY at the time of his or her death, on the first day of the month following his or her date of death. 

(k) For purposes of the Cost of Living Adjustment provisions and entitlements, Article 11, any CECONY Support Employee whose actual
retirement date is deferred until January 1, 2000 and whose Pension Allowance commenced in January 2000 shall be deemed to have had his or her Pension Allowance commenced to be paid prior to December 31, 1999 and shall be entitled to the
annual adjustment to be made in April 2000. 
 K.6 Treatment of Certain Employees Retiring after March 31, 1999 but prior to August 1, 1999

 An Eligible Employee of CECONY, who would have been a CECONY Support Employee within the meaning of Section K.1 and who would have
satisfied the eligibility criteria set forth in Section K.2, except that he or she retired from the employment of CECONY after March 31, 1999 and prior to August 1, 1999, shall nonetheless be entitled to the retirement incentives described
in Section K.5. For purposes of subparagraphs (b) and (c) of Section K.5, the date next preceding his or her actual date of retirement shall be substituted for “July 1, 1999”, and provided, further, however, that any increase in
his or her Allowance benefit resulting from the application of subparagraphs (a), (b), (c) or (d), of Section K.5 shall be payable effective September 1, 1999 and, for the purpose of subparagraph (h) of Section K.5, he or she shall be
deemed to have commenced to receive his or her Pension Allowance as of September 1, 1999. 

  
 27 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 K.7 Voluntary Nature of Retirement Incentive; Acceptance and Release 

No Employee shall be obligated to accept any retirement incentive, and an Employee’s election to accept the retirement incentive described
in this Appendix K shall be purely voluntary. As a condition to an Employee’s receipt of the additional benefits described in this Appendix K, CECONY shall have the right to obtain from the Employee a waiver and or release of claims against
CECONY and/or the Plan, based upon or arising out of termination of employment, consistent with the requirements of the federal Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act. 

K.8 Support Departments for Purposes of Appendix K 

For purposes of this Appendix K, the following departments shall be deemed to have provided support to the Divestiture Operation: Central
Services; Finance; Law; Central Public Affairs; Energy Management; and Fossil Power Engineering, Construction and Support. 

  
 28 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX L 

TABLE 1 – O&R PARTICIPANT 

ILLUSTRATIVE PENSION BENEFIT ADJUSTMENT CALCULATION ASSUMING 

ANNUAL INFLATION EXCEEDS CAP IN LATER YEARS 
  

			
	Retirement Date	  	1993
		
	Monthly Pension Payment	  	$2,000

  

																																					
	 	  	—Pension	 	 	Benefit	 	 	Adjustment—	  	 	 	  	 	  	 	  	 	  	 	 
	 Year
	  	CPI-U
(a)	 	  	Amount
Inflation
(b)	 	 	Cum.
Inflation
(c)	 	 	PUO
Threshold
(d)	 	 	Excess
over
Threshold
(e)	 	 	75%
of
Cum.
Excess
Prior
Yr.
(f)	  	Cum.
3%
Cap
(g)	 	  	Annual
PUO
Percent
Increases
(h)	  	Cum.
PBA
(i)	  	PBA
increase
Effective
June 1
(j)	  	Monthly
Pension
Payment (k)	 
	
	(d-f) (75% x c)(3% Term) (j / k) (Lesser f or g)(dif. Col.k)($2,000 x i)	  
												
	1992	  	 	140.3	  	  				 				 				 				 		  				  		  		  		  			
	1993	  	 	144.5	  	  	 	2.99	% 	 	 	2.99	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1994	  	 	149.6	  	  	 	3.55	% 	 	 	6.63	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1995	  	 	155.6	  	  	 	4.01	% 	 	 	10.91	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1996	  	 	161.2	  	  	 	3.60	% 	 	 	14.90	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1997	  	 	168.0	  	  	 	4.22	% 	 	 	19.74	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1998	  	 	172.5	  	  	 	2.60	% 	 	 	22.29	% 	 	 	20	% 	 	 	2.95	% 	 		  	 	1	  	  		  		  		  	$	2,000.00	  

  
 29 

 The Consolidated Edison Retirement Plan Part II (b) 

 

																																													
	1999		 	178.5	  		 	3.40	% 		 	27.23	% 		 	20	% 		 	7.23	% 		 	2.21	% 		 	3.00	% 		 	2.01	%(A) 		 	2.01	% 		 	40.20	  		$	2,040.20	  
	2000		 	182.6	  		 	2.30	% 		 	30.15	% 		 	20	% 		 	10.15	% 		 	5.42	% 		 	6.09	% 		 	2.61	% 		 	5.42	% 		 	60.20	  		$	2,100.40	  
	2001		 	189.0	  		 	3.50	% 		 	34.71	% 		 	20	% 		 	14.71	% 		 	7.61	% 		 	9.27	% 		 	1.73	% 		 	7.61	% 		 	43.00	  		$	2,152.20	  
	2002		 	195.0	  		 	3.17	% 		 	30.99	% 		 	20	% 		 	18.99	% 		 	11.05	% 		 	12.55	% 		 	2.65	% 		 	11.03	% 		 	60.40	  		$	2,220.40	  
	2003		 	210.0	  		 	7.69	% 		 	49.60	% 		 	20	% 		 	29.60	% 		 	14.24	% 		 	15.93	% 		 	2.30	% 		 	14.24	% 		 	64.20	  		$	2,284.80	  
	2004		 	225.0	  		 	7.14	% 		 	60.37	% 		 	20	% 		 	40.37	% 		 	22.26	% 		 	19.41	% 		 	5.77	% 		 	19.41	% 		 	103.40	  		$	2,388.20	  
	2005		 	205.5	  		 	3.00	% 		 	45.00	% 		 	20	% 		 	25.00	% 		 	15.64	% 		 	19.41	% 		 	2.76	% 		 	15.64	% 		 	61.60	  		$	2,312.80	  
	2006		 	209.7	  		 	3.00	% 		 	49.43	% 		 	20	% 		 	29.43	% 		 	10.81	% 		 	22.99	% 		 	2.74	% 		 	18.81	% 		 	63.40	  		$	2,376.20	  
	2007		 	215.9	  		 	3.00	% 		 	53.91	% 		 	20	% 		 	33.91	% 		 	22.07	% 		 	26.60	% 		 	2.74	% 		 	22.07	% 		 	65.20	  		$	2,441.40	  
	2008		 	222.4	  		 	3.00	% 		 	50.53	% 		 	20	% 		 	38.53	% 		 	25.43	% 		 	30.40	% 		 	2.75	% 		 	25.43	% 		 	67.20	  		$	2,500.60	  
	2009		 	229.1	  		 	3.00	% 		 	63.29	% 		 	20	% 		 	43.29	% 		 	20.90	% 		 	34.39	% 		 	2.77	% 		 	28.90	% 		 	69.40	  		$	2,578.00	  
	2010		 	236.0	  		 	3.00	% 		 	68.18	% 		 	20	% 		 	40.10	% 		 	32.47	% 		 	38.42	% 		 	2.77	% 		 	32.47	% 		 	71.40	  		$	2,649.40	  
	2011		 	243.0	  		 	3.00	% 		 	73.23	% 		 	20	% 		 	53.23	% 		 	36.14	% 		 	42.50	% 		 	2.77	% 		 	36.14	% 		 	73.40	  		$	2,722.00	  
	2012		 	250.3	  		 	3.00	% 		 	78.43	% 		 	20	% 		 	58.43	% 		 	39.92	% 		 	46.85	% 		 	2.78	% 		 	39.92	% 		 	75.60	  		$	2,798.40	  
	2013		 	257.8	  		 	3.00	% 		 	83.70	% 		 	20	% 		 	63.70	% 		 	43.02	% 		 	51.26	% 		 	2.79	% 		 	43.82	% 		 	78.00	% 		$	2,876.40	  

  

	Note:	All calculations performed with Cumulative information. Annual information derived by subtraction. 

  
 30 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 TABLE 2 – O&R PARTICIPANT 

ILLUSTRATIVE PENSION BENEFIT ADJUSTMENT CALCULATION ASSUMING 

ANNUAL INFLATION EXCEEDS CAP IN EARLY YEARS 
  

			
	Retirement Date	  	1993
		
	Monthly Pension Payment	  	$2,000

  

																																	
	 	  	—Pension	 	 	Benefit	 	 	Adjustment—	  	 	  	 	  	 	  	 	  	 	 
	 Year
	  	CPI-U
(a)	 	  	Annual
Inflation
(b)	 	 	Cum.
Inflation
(c)	 	 	PUO
Threshold
(d)	 	 	Excess
over
Threshold
(e)	  	75%
of
Cum.
Excess
Prior
Yr.
(f)	  	Cum.
3%
Cap
(g)	  	Annual
PBA
Percent
Increases
(h)	  	Cum.
PBA
(i)	  	PUA
increase
Effective
June 1
(j)	  	Monthly
Pension
Payment (k)	 
	
	(d-f) (75% X c)(3% Term) (j / k) (Lesser f or g)(dif. Col.k)($2,000 x i)	  
												
	1992	  	 	140.3	  	  				 				 				 		  		  		  		  		  		  			
	1993	  	 	144.5	  	  	 	2.99	% 	 	 	2.99	% 	 	 	20	% 	 		  		  		  		  		  		  	$	2,000.00	  
	1994	  	 	140.7	  	  	 	2.91	% 	 	 	5.99	% 	 	 	20	% 	 		  		  		  		  		  		  	$	2,000.00	  
	1995	  	 	152.0	  	  	 	2.22	% 	 	 	8.34	% 	 	 	20	% 	 		  		  		  		  		  		  	$	2,000.00	  
	1996	  	 	156.0	  	  	 	2.43	% 	 	 	11.19	% 	 	 	20	% 	 		  		  		  		  		  		  	$	2,000.00	  
	1997	  	 	162.0	  	  	 	3.05	% 	 	 	15.47	% 	 	 	20	% 	 		  		  		  		  		  		  	$	2,000.00	  
	1998	  	 	165.5	  	  	 	2.16	% 	 	 	17.96	% 	 	 	20	% 	 		  		  		  		  		  		  	$	2,000.00	  

  
 31 

 The Consolidated Edison Retirement Plan Part II (b) 

 

																																													
	1999		 	172.0	  		 	3.93	% 		 	22.59	% 		 	20	% 		 	2.59	% 		 	1	  																		$	2,000.00	  
	2000		 	185.0	  		 	7.56	% 		 	31.06	% 		 	20	% 		 	11.86	% 		 	1.94	% 		 	3.00	% 		 	1.94	% 		 	1.94	% 		 	30.00	  		$	2,038.00	  
	2001		 	190.0	  		 	7.03	% 		 	41.15	% 		 	20	% 		 	21.13	% 		 	8.90	% 		 	6.09	% 		 	4.07	% 		 	6.09	% 		 	83.00	  		$	2,121.00	  
	2002		 	210.0	  		 	6.06	% 		 	49.68	% 		 	20	% 		 	29.68	% 		 	15.05	% 		 	9.27	% 		 	3.00	% 		 	9.27	% 		 	63.60	  		$	2,185.40	  
	2003		 	223.0	  		 	6.19	% 		 	58.95	% 		 	20	% 		 	30.95	% 		 	22.26	% 		 	12.55	% 		 	3.00	% 		 	12.55	% 		 	65.60	  		$	2,251.00	  
	2004		 	239.0	  		 	7.17	% 		 	70.35	% 		 	20	% 		 	50.35	% 		 	29.21	% 		 	15.93	% 		 	3.00	% 		 	15.93	% 		 	67.60	  		$	2,318.60	  
	2005		 	253.0	  		 	5.86	% 		 	80.33	% 		 	20	% 		 	60.35	% 		 	37.76	% 		 	19.41	% 		 	3.00	% 		 	19.41	% 		 	69.60	  		$	2,500.20	  
	2006		 	264.0	  		 	4.35	% 		 	88.17	% 		 	20	% 		 	60.17	% 		 	45.25	% 		 	22.99	% 		 	3.00	% 		 	22.99	% 		 	71.60	  		$	2,459.00	  
	2007		 	271.0	  		 	2.65	% 		 	93.16	% 		 	20	% 		 	73.16	% 		 	51.13	% 		 	26.60	% 		 	3.00	% 		 	26.68	% 		 	73.80	  		$	2,533.60	  
	2008		 	279.0	  		 	2.95	% 		 	98.06	% 		 	20	% 		 	78.06	% 		 	54.07	% 		 	30.40	% 		 	3.00	% 		 	30.40	% 		 	76.00	  		$	2,609.60	  
	2009		 	288.0	  		 	3.23	% 		 	105.27	% 		 	20	% 		 	85.27	% 		 	59.15	% 		 	34.39	% 		 	3.00	% 		 	34.39	% 		 	78.20	  		$	2,687.00	  
	2010		 	297.0	  		 	3.13	% 		 	111.69	% 		 	20	% 		 	91.69	% 		 	63.95	% 		 	30.42	% 		 	3.00	% 		 	30.42	% 		 	80.00	  		$	2,768.40	  
	2011		 	305.0	  		 	2.69	% 		 	117.39	% 		 	20	% 		 	97.39	% 		 	68.77	% 		 	42.50	% 		 	3.01	% 		 	42.50	% 		 	85.20	  		$	2,851.60	  
	2012		 	315.0	  		 	3.20	% 		 	124.52	% 		 	20	% 		 	104.52	% 		 	73.04	% 		 	46.85	% 		 	2.99	% 		 	46.85	% 		 	85.40	  		$	2,937.00	  
	2013		 	325.0	  		 	3.17	% 		 	131.65	% 		 	20	% 		 	111.65	% 		 	78.39	% 		 	51.26	% 		 	3.00	% 		 	51.26	% 		 	80.70	% 		$	3,025.20	  

  

	Note:	All calculations performed with Cumulative information. Annual information derived by subtraction. 

  
 32 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 TABLE 3 – O&R PARTICIPANT 

ILLUSTRATIVE PENSION BENEFIT ADJUSTMENT CALCULATION ASSUMING 

ANNUAL INFLATION EXCEEDS CAP IN EARLY YEARS 
  

			
	Retirement Date	  	1993
		
	Monthly Pension Payment	  	$2,000

  

																																					
	 	  	—Pension	 	 	Benefit	 	 	Adjustment—	  	 	 	  	 	  	 	  	 	  	 	 
	 Year
	  	CPI-U
(a)	 	  	Annual
Inflation
(b)	 	 	Cum.
Inflation
(c)	 	 	PUO
Threshold
(d)	 	 	Excess
over
Threshold
(e)	 	 	75%
of
Cum.
Excess
Prior
Yr.
(f)	  	Cum.
3%
Cap
(g)	 	  	Annual
PBA
Percent
Increases
(h)	  	Cum.
PBA
(i)	  	PUA
increase
Effective
June 1
(j)	  	Monthly
Pension
Payment (k)	 
	
	(d-f) (75% X c)(3% Term) (j / k) (Lesser f or g)(dif. Col.k)($2,000 x i)	  
												
	1992	  	 	140.3	  	  				 				 				 				 		  				  		  		  		  			
	1993	  	 	144.5	  	  	 	2.99	% 	 	 	2.99	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1994	  	 	149.6	  	  	 	3.53	% 	 	 	6.63	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1995	  	 	155.6	  	  	 	4.01	% 	 	 	10.91	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1996	  	 	161.2	  	  	 	3.60	% 	 	 	14.90	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1997	  	 	160.0	  	  	 	4.22	% 	 	 	19.74	% 	 	 	20	% 	 				 		  				  		  		  		  	$	2,000.00	  
	1998	  	 	172.5	  	  	 	2.68	% 	 	 	22.95	% 	 	 	20	% 	 	 	7.95	% 	 		  	 	1	  	  		  		  		  	$	2,000.00	  

  
 33 

 The Consolidated Edison Retirement Plan Part II (b) 

 

																																													
	1999		 	178.5	  		 	3.40	% 		 	27.23	% 		 	20	% 		 	7.23	% 		 	2.21	% 		 	3.00	% 		 	2.01	%(A) 		 	2.01	% 		 	40.20	  		$	2,040.20	  
	2000		 	182.6	  		 	2.30	% 		 	30.15	% 		 	20	% 		 	10.15	% 		 	5.42	% 		 	6.09	% 		 	2.61	% 		 	5.42	% 		 	60.20	  		$	2,100.40	  
	2001		 	189.0	  		 	3.50	% 		 	34.71	% 		 	20	% 		 	14.71	% 		 	7.61	% 		 	9.27	% 		 	1.75	% 		 	7.61	% 		 	43.00	  		$	2,152.20	  
	2002		 	195.0	  		 	3.17	% 		 	38.99	% 		 	20	% 		 	18.99	% 		 	11.03	% 		 	12.55	% 		 	2.65	% 		 	11.03	% 		 	60.40	  		$	2,220.40	  
	2003		 	210.0	  		 	7.69	% 		 	49.68	% 		 	20	% 		 	29.60	% 		 	14.24	% 		 	15.93	% 		 	2.30	% 		 	14.24	% 		 	64.20	  		$	2,284.80	  
	2004		 	225.0	  		 	7.14	% 		 	60.37	% 		 	20	% 		 	40.37	% 		 	22.26	% 		 	19.41	% 		 	5.77	% 		 	19.41	% 		 	103.40	  		$	2,388.20	  
	2005		 	245.0	  		 	8.89	% 		 	74.63	% 		 	20	% 		 	54.63	% 		 	30.28	% 		 	22.99	% 		 	5.36	% 		 	22.99	% 		 	71.60	  		$	2,459.80	  
	2006		 	270.0	  		 	10.20	% 		 	92.44	% 		 	20	% 		 	72.44	% 		 	40.97	% 		 	26.68	% 		 	6.67	% 		 	26.68	% 		 	73.00	  		$	2,533.60	  
	2007		 	296.0	  		 	9.63	% 		 	110.98	% 		 	20	% 		 	90.98	% 		 	54.35	% 		 	30.40	% 		 	7.65	% 		 	30.40	% 		 	76.00	  		$	2,609.60	  
	2008		 	315.0	  		 	6.42	% 		 	124.52	% 		 	20	% 		 	104.52	% 		 	60.24	% 		 	34.59	% 		 	7.22	% 		 	34.39	% 		 	78.20	  		$	2,687.80	  
	2009		 	335.0	  		 	6.55	% 		 	130.77	% 		 	20	% 		 	118.77	% 		 	78.39	% 		 	38.42	% 		 	4.01	% 		 	38.42	% 		 	80.60	  		$	2,768.40	  
	2010		 	350.0	  		 	6.87	% 		 	155.17	% 		 	20	% 		 	135.17	% 		 	89.08	% 		 	42.50	% 		 	4.76	% 		 	42.50	% 		 	83.70	  		$	2,851.60	  
	2011		 	379.0	  		 	5.87	% 		 	170.14	% 		 	20	% 		 	150.14	% 		 	101.37	% 		 	46.05	% 		 	5.15	% 		 	46.05	% 		 	85.40	  		$	2,937.00	  
	2012		 	400.0	  		 	5.54	% 		 	185.10	% 		 	20	% 		 	165.10	% 		 	112.61	% 		 	51.26	% 		 	4.40	% 		 	51.26	% 		 	88.20	  		$	3,025.20	  
	2013		 	430.0	  		 	7.50	% 		 	206.49	% 		 	20	% 		 	186.49	% 		 	123.83	% 		 	55.80	% 		 	4.16	% 		 	55.00	% 		 	90.80	% 		$	3,116.00	  

  
 34 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX M 

Provisions Applicable to Participants 

Employed at the Lakewood Plant 

M.1 Effective Date and Scope of Appendix M 

This Appendix M shall be effective as of June 1, 2000, the closing date of the acquisition of the natural gas fueled electric generation
facility known as the Lakewood Cogeneration Facility (“Lakewood Plant”) by Consolidated Edison Development, Inc. (“CED”). 
 M.2
Lakewood Participants 
 For purposes of this Appendix M, the term “Lakewood Participant” means an Eligible Employee who is
employed at the Lakewood Plant. A Lakewood Participant shall be a CEI Participant, and shall receive the benefit determined under the formula for a CEI Participant set forth in Article IV of the Plan. 

M.3 Benefit Provisions Applicable to Lakewood Participants as of June 1, 2000 

Notwithstanding any provision to the contrary, a Lakewood Participant who was employed at the Lakewood Plant as of June 1, 2000 shall be
fully and nonforfeitably vested in 100% of his or her Pension Allowance (“Special Lakewood Participant”). Years of service of a Special Lakewood Participant as a Participant in the Pension Plan for Employees of Consumers Power Company
shall be counted as Years of Accredited Service for purposes of calculating his or her Pension Allowance under the formula for a CEI Participant. 

  
 35 

 The Consolidated Edison Retirement Plan Part II (b) 

 

 APPENDIX N 

List Of The Annual Incentive Plans Of The Competitive Energy Businesses 

That Have Been Approved By The Plan Administrator 
  

	N.1	Annual Incentive Plans that will be deemed Annual Variable Pay Award Plans 

 Effective as
of December 17, 2010, the Plan Administrator approved the following annual incentive plans. Each will be deemed a plan under which an Annual Variable Pay Award is paid. Any award paid from one of the following Participating Employer’s
short-term incentive compensation plan must exceed 25% of the Participant’s rate of base annual salary or pay in effect as of January 1 of the Plan Year in which the award is paid. 

 

	N.2	The Plans 

  

	 	1.	Con Edison Non-Regulated Subsidiaries Annual Incentive Plan 

  

	 	2.	Annual Executive Incentive Plan for Presidents of the Con Edison CEBs 

  

	 	3.	Con Edison Solutions and Con Edison Energy Commodity Team Incentive Compensation Plan 

  

	 	4.	Con Edison Solutions Sales Incentive Compensation Program for Energy Services 

  

	 	5.	Con Edison Energy & Development Wholesale Supply Team Incentive Plan 

  

	 	6.	Con Edison Development Team Incentive Compensation Plan 

  

	 	7.	Con Edison Solution Solar Sales Incentive Compensation Plan 

  
 36EX-10.1.5

 Exhibit 10.1.5 

THE 
 CONSOLIDATED
EDISON 
 THRIFT SAVINGS PLAN 

Includes: 
 The
Consolidated Edison 
 Company of New York, Inc. 

Tax Reduction Act Stock Ownership Plan 

and 
 The Consolidated
Edison 
 Company of New York, Inc. 

Employee Stock Ownership Plan 

  
 1 

 Effective as of January 1, 2005 and 

 

	•	 	Taking Into Account the Following Amendments: 

  

	•	 	Amended as of May 8, 2002 For Inclusion of the 

  

	•	 	Employee Stock Ownership Plan; 

  

	•	 	Amended August 2003 For Favorable Determination Letter and the Economic Growth and Tax Relief Reconciliation Act; 

  

	•	 	Amended Effective as of January 1, 2005 To Take Into Account Changes Made By The Collective Bargaining Agreement For Local 1-2 Of 

 

	•	 	The Utility Workers Of America, AFL-CIO, 

  

	•	 	As Effective June 27, 2004, Through June 28, 2008; 

  

	•	 	Amended Effective as of January 1, 2005 to Take Into Account the Collective Bargaining Agreement for Local 503, of the International Brotherhood of Electrical Workers, AFL-CIO, As effective June 1, 2004,
Through June 1, 2009; 

  

	•	 	Amended Effective February 1, 2007 for Changes in Loan Provision for CECONY Management or CEI Participants; 

  

	•	 	Amended December 2008 In Accordance with the 

  

	•	 	November 2008 IRS Favorable Determination Letter; 

  

	•	 	Amended Effective as of July 1, 2008 To Take Into Account Changes Made By the 2008 -2012 Collective Bargaining Agreement For Local 1-2 Of 

 

	•	 	The Utility Workers of America, AFL-CIO. 

  

	•	 	Restated as of January 31, 2007 in Accordance with Revenue Procedure 2006-66 and Notice 2005-101. 

  
 2 

	•	 	The Restatement Reflects Changes Under EGTRRA, with technical corrections made by the Job Creation and Worker Assistance Act of 2002 (JCWAA), the Pension Funding Equity Act of 2004 (PFEA), and the American Jobs Creation
Act of 2004 (AJCA) 

  

	•	 	Amended Effective as of January 1, 2013, To Take Into Account Changes Made By the 2012 -2016 Collective Bargaining Agreement For Local 1-2 of the Utility Workers of America, AFL-CIO. 

 

	•	 	Amended Effective as of July 1, 2013 To Take Into Account Changes Made By the 2013 -2017 Collective Bargaining Agreement For Local 3 of 

The International Brotherhood of Electrical Workers, AFL-CIO. 
  

	•	 	Amended Effective as of June 2014 To Take Into Account Changes Made By the 2014 -2017 Collective Bargaining Agreement For Local 503 Of 

The International Brotherhood of Electrical Workers, AFL-CIO. 

  
 3 

 THE CONSOLIDATED EDISON THRIFT SAVINGS PLAN 

Introduction 
 The purpose
of the Consolidated Edison Thrift Savings Plan (the “Thrift Savings Plan”) is to establish a convenient way for each eligible employee of the parent company, Consolidated Edison, Inc. (the “Company” and/or “CEI”) and of
certain of the controlled group affiliates of CEI, to provide his or her retirement income by saving on a regular and long-term basis, while concurrently offering each employee an additional incentive to continue his or her career with the Company.
The Thrift Savings Plan is intended to satisfy the requirements of the Internal Revenue Code of 1986, as amended (the “Code”), Sections 401(k) and 401(m) and to qualify under Section 401(a). The trust established under and as a part
of the Thrift Savings Plan is intended to qualify under Code Section 501(a). The Thrift Savings Plan and its trust provide each Participant with an opportunity to defer a portion of his or her compensation and to invest and reinvest that
deferred savings under the Thrift Savings Plan on a tax-deferred basis. It is intended that a Participant’s Pre-Tax contributions, and, if applicable, Roth Contributions, as defined in the Thrift Savings Plan, shall constitute payments by each
Employer as contributions to the trust fund on behalf of the Participant, within the meaning of Code Section 401(k). 
 The Thrift
Savings Plan was originally established and made effective on January 1, 1987, by the Consolidated Edison Company of New York, Inc. (“CECONY”) as the Consolidated Edison Retirement Income Savings Plan for Weekly Employees
(“CECONY Weekly Plan”). Thereafter, the CECONY Weekly Plan was amended from time to time. On December 1, 1996, the CECONY Weekly Plan was amended and restated in its entirety, among other reasons, to make a transition from Bankers
Trust Company as trustee and Record Keeper to Vanguard Fiduciary Trust Company. 

  
 4 

 Effective January 1, 1998, CEI was formed and CECONY became a subsidiary corporation of CEI.
From time to time thereafter, wholly-owned affiliates of CEI were formed and together with CEI create a controlled group, as defined in Code Section 414(b), in which CEI is the parent corporation. In July 1999, CEI acquired Orange and Rockland
Utilities, Inc. (“O&R”). 
 On July 20, 2000, for administrative ease, to facilitate the transfer of employees from one
affiliate to another, and to reduce the cost of operational expenses, the Board of Trustees of CECONY and the Board of Directors of O&R approved the merger (“Merger”), effective January 1, 2001, of the following plans into the
CECONY Weekly Plan: 
  

	 	(i)	the Consolidated Edison Thrift Savings Plan for Management Employees (the “CECONY Management Plan”); 

  

	 	(ii)	the Orange and Rockland Utilities, Inc. Management Employees Savings Plan (the “O&R Management Plan”) and 

  

	 	(iii)	the Orange and Rockland Utilities, Inc. Hourly Group Savings Plan (the “O&R Hourly Plan”). 

The CECONY Weekly Plan, the CECONY Management Plan, the O&R Management Plan and the O&R Hourly Plan are called the Prior Plans. 

The CECONY Weekly Plan, renamed the Consolidated Edison Thrift Savings Plan, was also amended, effective January 1, 2001, to take into
account the Merger, among other things, and restated constitutes the single plan and a continuation of each one of the Prior Plans. 
 In
the Thrift Savings Plan, CEI is the Company, CECONY is the Plan Sponsor and an Employer, O&R is an Employer, and certain existing and future affiliates are, or will become, Employers. The Thrift Savings Plan document serves as a single
tax-qualified defined contribution plan under Internal Code Section 401(a), incorporating several formulas. 

  
 5 

 The Thrift Savings Plan is amended for the Family and Medical Leave Act of 1993, the Uniformed
Services Employment and Reemployment Rights Act of 1993, the Retirement Protection Act of 1994, as enacted under the Uruguay Round Agreements Act (General Agreement on Tariffs and Trade), the Small Business Job Protection Act of 1996, and the
Taxpayer Relief Act of 1997, and certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”). This amended Thrift Savings Plan is intended as good faith compliance with the requirements of EGTRRA and is
to be construed in accordance with EGTRRA and guidance issued thereunder. Except as otherwise provided, the provisions effectuating EGTRRA were effective January 1, 2002. The EGTRRA amendments supersede the provisions of the Thrift Savings Plan
to the extent those provisions are inconsistent with the provisions of the EGTRRA amendments. 
 Additionally, the Thrift Savings Plan
document serves as the official plan document for the Consolidated Edison Company of New York, Inc. Tax Reduction Act Stock Ownership Plan (“TRASOP”). The TRASOP is a plan separate from the Thrift Savings Plan. CECONY has entered into a
separate trust agreement with Vanguard Fiduciary Trust Company under the TRASOP. Participation in the TRASOP is frozen. 
 The Thrift
Savings Plan is amended to take into account the changes made by the collective bargaining agreement covering employees who are members of Local 1-2 of the Utility Workers Union of America, AFL-CIO, as effective June 24, 2000, Local 3 of the
International Brotherhood of Electrical Workers, AFL-CIO, as effective June 24, 2001, and the collective bargaining agreement for Local 503 of the International Brotherhood of Electrical Workers, AFL-CIO, as effective June 20, 2000. 

  
 6 

 Effective May 8, 2002, the Company amended the Thrift Savings Plan to incorporate, as a
separate part, an employee stock ownership plan (“ESOP”). All Participants are eligible to participate in the ESOP. Any Participant who elects as an Investment Fund, the Company Stock Fund for his or her Employer Matching Contributions,
will be deemed to be an ESOP Participant. Only Employer Matching Contributions will be contributed to the ESOP. 
 On July 30, 2003,
the Internal Revenue Service issued a favorable determination letter to the Thrift Savings Plan finding that the Thrift Savings Plan met the requirements of the Uniformed Services Employment and Reemployment Rights Act of 1993, the Uruguay Round
Agreements Act (General Agreement on Tariffs and Trade), the Small Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, the Internal Revenue Service Restructuring and Reform Act of 1998 and the Community Renewal Tax Relief Act of
2000. The favorable determination letter was subject to the adoption of the proposed amendments submitted to the IRS on June 23, 2003 and now integrated into this Plan document. 

Revenue Procedure 2005- 66 announced the opening of the Economic Growth and Tax Relief Reconciliation Act of 2001, Pub. L. 107-16
(EGTRRA) determination letter program for individually designed plans. The Thrift Savings Plan was amended to meet all requirements set forth in Revenue Procedure 2005-66. Revenue Procedure 2006- 4 is intended as good faith compliance with the
requirements of EGTRRA, is to be construed in accordance with EGTRRA and the guidance issued there under. Except as otherwise provided, the provisions of EGTRRA that have an earlier effective date were effective as of the first day of the plan year
beginning after December 31, 2001. 
 The Thrift Savings Plan was amended to take into account the changes made by the Collective
Bargaining Agreement covering employees who are members of Local 1-2 of the Utility 

  
 7 

 
Workers of America, AFL-CIO, as effective June 27, 2004, through June 28, 2008 and the Collective Bargaining Agreement for Local 503, of the International Brotherhood of Electrical
Workers, AFL-CIO, as effective June 1, 2004. 
 On November 10, 2008, the Internal Revenue Service issued a favorable
determination letter to the Thrift Savings Plan finding that the Thrift Savings Plan met the requirements of the 2005 Cumulative List of Changes in Plan Qualification Requirements. The November 10, 2008 Letter expired on January 31, 2012.
The November 10, 2008 Determination Letter may not be relied on after the end of the Thrift Savings Plan’s first five-year remedial amendment cycle that ends more than 12 months after the application was received. 

The Thrift Savings Plan was amended to take into account the changes made by the Collective Bargaining Agreement covering employees who are
members of Local 1-2 of the Utility Workers of America, AFL-CIO, as effective June 27, 2008, through June 28, 2012. 
 The Thrift
Savings Plan, in accordance with the collective bargaining agreement between the Utility Workers Union of America, AFL-CIO, and its Local 1-2 and Consolidated Edison Company of New York, Inc., dated July 26, 2012, through June 25, 2016,
was amended in two parts: one, to provide that, effective January 1, 2013, a CECONY Weekly Participant who is (i) a Local 1-2 Employee; (ii) actively participating; and (iii) covered under the cash balance formula, will be
entitled to a one hundred percent matching contribution. Also CECONY will increase the maximum Participating Contributions (contributions subject to an employer matching contribution) on an annual basis as set forth in the Local 1-2 CBA dated
July 26, 2012. 
 In accordance with the collective bargaining agreement between the International Brotherhood of Electrical Workers,
AFL-CIO, and its Local 3 and Consolidated Edison Company of New York, Inc., dated June 30, 2013, through June 24, 2017, the Thrift Savings Plan is being 

  
 8 

 
amended to take into account: (i) a new Defined Contribution Pension Formula (“DCPF”); (ii) the entry of certain Local 3 Employees transferring from the Consolidated Edison
Retirement Plan into the DCPF; (iii) the increase in the maximum Participating Contributions (contributions subject to an Employer Matching Contribution); and (iv) the increase in the percentage — from 50% to either 75% or 100% —
of the Employer Matching Contributions for certain Local 3 Employees. 
 The newly adopted DCPF will be incorporated into the Thrift Savings
Plan document. Many of the provisions, terms, and conditions of the Thrift Savings Plan will apply to each Participant covered under the DCPF. If and when there is a difference between whether, or the manner in which, a provision, term, or condition
will apply under the DCPF, in general, the difference will be indicated. 
 In accordance with the collective bargaining agreement,
effective June 1, 2014, up to and through May 31, 2017, between the International Brotherhood of Electrical Workers, AFL-CIO, and its Local 503, and Orange and Rockland Utilities, Inc., the Thrift Savings Plan is being amended to take into
account the entry of certain Local 503 Employees transferring from the Consolidated Edison Retirement Plan into the DCPF; and the entry of newly hired Local 503 Employees into the DCPF. 

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 Thrift Savings Plan as in effect and operative at the time of such retirement or termination. 

  
 9 

 ARTICLE I 

Definitions 
 The
following words and phrases have the following meanings in the Thrift Savings Plan unless a different meaning is plainly required by the context: 

1.01 Account Balance means the amount credited to a Participant consisting of one or more of his or her Subaccounts, as the case may
be, including his or her Pre-Tax Contributions Subaccount, including, for Plan Years on and after January 1, 2007, a Roth Contribution Subaccount (if established), After-Tax Contributions Subaccount, Rollover Contributions Subaccount, Employer
Matching Contributions Subaccount, TRASOP Contributions Subaccount, ESOP Subaccount and other amounts transferred to the Thrift Savings Plan which are accounted for under the Thrift Savings Plan under such classification, including all dividends,
income, gains and losses and loan balances attributable thereto. 
 Effective on and after July 2013, Account Balance may include, if
applicable, a Participant’s DCPF Account. 
 1.02 Actual Deferral Percentage (“ADP”) means, for a specified group of
Participants for a Plan Year, the average of the ratios, as set forth herein, of each group. For each Highly Compensated Employee who is a Participant, the ratio, expressed as a percentage, of (1) the amount of Pre-Tax Contributions (including
Excess Pre-Tax Contributions) actually paid over to the Trust on behalf of such Highly Compensated Employee for the current Plan Year to (2) the Highly Compensated Participant’s Statutory Compensation for the entire Plan Year (whether or
not the Eligible Employee was a Participant for the entire Plan Year). The ADP of each Non-highly Compensated Employee who is a Participant is the ratio, expressed as a percentage, of (1) the 

  
 10 

 
amount of Pre-Tax Contributions (excluding Excess Pre-Tax Contributions) for the current Plan Year to (2) the Non-Highly Compensated Employee’s Statutory Compensation for the portion of
the current Plan Year in which the Participant was an Eligible Employee. For purposes of computing the ADP, an Eligible Employee who would be a Participant but for the failure to make Pre-Tax Contributions shall be treated as a Participant on whose
behalf no Pre-Tax Contributions are made. The ADP of each Eligible Employee shall be rounded to the nearest 100th of 1% of each such Eligible Employee’s Statutory Compensation. Beginning in Plan Year 2002, “current Plan Year testing
methodology,” will be applied for determining whether the Thrift Savings Plan meets the ADP test. For purposes of determining the ADP for a Plan Year, Pre-Tax Contributions may be taken into account for a Plan Year only if they: 

(a) relate to compensation that either would have been received by the Eligible Employee in the Plan Year but for the deferral
election, or are attributable to services performed by the Eligible Employee in the Plan Year and would have been received by the Eligible Employee within
2 1⁄2 months after the close of the Plan Year but for the deferral election; 

(b) are allocated to the Eligible Employee as of a date within that Plan Year and the allocation is not contingent on the
participation or performance of service after such date; and 
 (c) are actually paid to the Trustee no later than 12 months
after the end of the Plan Year to which the contributions relate. 
 1.03 Affiliate means any company that is a member of a
controlled group of corporations (as defined in Code Section 414(b)) that 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) that is a member of an affiliated service group (as defined in Code Section 414(m)) that includes the Company; and any other entity required to be 

  
 11 

 
aggregated with the Company pursuant to regulations under Code Section 414(o). Notwithstanding the foregoing, the definitions in Code Sections 414(b) and (c) shall be modified as
provided in Code Section 415(h). 
 1.04 After-Tax Contribution means a contribution made by a Participant of amounts after
income taxes have been withheld. After-Tax Contributions include Participating Contributions and Non-participating Contributions. In the case of an O&R Participant, After-Tax Contributions include Transferred Employee PAYSOP Contributions. 

1.05 After-Tax Contributions Subaccount means the account into which is credited all of a Participant’s After-Tax Contributions
within which shall be separately accounted, if applicable, a Participant’s Participating Contributions and Non-Participating Contributions and all dividends, income, gains and losses attributable thereto. 

1.06 Annual Dollar Limit means, effective January 1, 2002, in accordance with Code Section 401(a)(17), $200,000, except that,
if for any calendar year from 1994 to 2001 the Cost-of-Living Adjustment is equal to or greater than $15,000, then the Annual Dollar Limit for any Plan Year beginning January 1, 2003, shall be increased by the amount of such Cost-of-Living
Adjustment, rounded to the next lowest multiple of $5,000. As of January 1, 2009, the Annual Dollar Limit is increased to $245,000. As of January 1, 2014, the Annual Dollar Limit is $260,000. 

1.07 Annuity Starting Date means the first day of the first period for which an amount is paid following a Participant’s
retirement or other termination from employment. 

  
 12 

 1.08 Average Contribution Percentage means, with respect to a specified group of Eligible
Employees for a Plan Year, the average of the actual Contribution Percentages (calculated separately for each Participant in each specified group). The Contribution Percentage for each group of Eligible Employees will be calculated to the nearest on
one-hundredth of one percent. 
 1.09 Average Actual Deferral Percentage means, with respect to a specified group of Eligible
Employees, the average of the ADPs (calculated separately for each Participant in each specified group). The ADP for each group of Eligible Employees will be calculated to the nearest one one-hundredth of one percent. 

1.10 Beneficiary means the person or persons, trust or other recipient determined in accordance with the provisions of
Section 11.03 to succeed to a Participant’s Account Balance under the Thrift Savings Plan in the event of the death of such Participant prior to the entire distribution of such Account Balance. 

1.11 Board means the Board of Trustees of CECONY. 

1.12 Break in Service means a Plan Year in which an Employee completes 500 or fewer Hours of Service. Solely for purposes of
determining whether a Break-in-Service has occurred, an Employee who is absent from work on account 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, for purposes of caring for that child or for a Family and Medical Leave Act (“FMLA”), shall be deemed to have earned at least 501 Hours of Service in the Plan Year in which he or she is absent from work or
the immediately following Plan Year, whichever Plan Year is necessary to first avoiding a Break in Service. 

  
 13 

 1.13 CECONY means the Consolidated Edison Company of New York, Inc., and any successor by
merger, purchase or otherwise. 
 1.14 CECONY Management Employee means an Employee employed by and on the management payroll of
CECONY. 
 1.15 CECONY Management Participant means a CECONY Management Employee who is a Participant. 

1.16 CECONY Management Plan means the Con Edison Thrift Savings Plan for Management Employees, as in effect and prior to
January 1, 2001. 
 1.17 CECONY Participant means a CECONY Management Participant and/or a CECONY Weekly Participant. 

1.18 CECONY Weekly Employee means an Employee employed by and on the payroll of CECONY who is (a) a member of the collective
bargaining unit represented by Local 1-2 of the Utility Workers’ Union of America, AFL-CIO or (b) a member of the collective bargaining unit represented by Local 3 of the International Brotherhood of Electrical Workers, AFL-CIO. 

1.19 CECONY Weekly Participant means a CECONY Weekly Employee who is a Participant. 

1.20 CECONY Weekly Plan means the Con Edison Retirement Income Savings Plan for Weekly Employees, as in effect on December 31,
2000. 
 1.21 CEI means Consolidated Edison, Inc. 

  
 14 

 1.22 CEI Affiliate or CEI Affiliates means one, more than one or all, as the context
indicates, of Consolidated Edison Solutions, Inc. (CES); Consolidated Edison Energy, Inc. (CEE); Consolidated Edison Development, Inc. (CED); Consolidated Edison Energy Massachusetts, Inc. (CEEM); CED Operating Company, L.P. (“CEDOC”) and
any future Affiliate who becomes an Employer. As of June 2008, a CEI Affiliate does not include CED, CEEM or CEDOC. 
 1.23 CEI
Employee means an Employee of a CEI Affiliate. 
 1.24 CEI Participant means a CEI Employee who is a Participant in the Thrift
Savings Plan. 
 1.25 Code means the Internal Revenue Code of 1986, as amended from time to time. 

1.26 Company means Consolidated Edison, Inc. or any successor by merger, purchase or otherwise, that assumes the obligations of this
Thrift Savings Plan with respect to its Eligible Employees. 
 1.27 Company Stock Fund means the definition set forth in Plan
Section 5.03. 
 1.28 Compensation means 

(a) for a CECONY Weekly Employee, straight time wages, paid for a Payroll Period and determined prior to any reduction for
— 
  

	 	(i)	Pre-Tax Contributions, 

  

	 	(ii)	Section 125 Contributions, and 

  

	 	(iii)	Section 132 Contributions. 

 Compensation is determined by excluding bonuses, overtime
pay, premium pay, incentive compensation, severance pay, deferred compensation and all other forms of special pay; 
 (b) for
a CECONY Management Employee, a CEI Participant or an O&R Management Employee, base salary in a payroll period, determined prior to any reduction for: 
  

	 	(i)	Pre-Tax Contributions, 

  
 15 

	 	(ii)	Section 125 Contributions, or 

  

	 	(iii)	Section 132 Contributions. 

 Compensation is determined by excluding bonuses, overtime
pay, incentive compensation, commissions, severance pay, deferred compensation and all other forms of special pay; and 
 (c)
for an O&R Hourly Employee who is not a part-time Employee, forty times the base hourly wage to an Eligible Employee in a week determined prior to any reduction for Pre-Tax Contributions and Section 125 Contributions. Compensation shall not
include bonus, overtime, severance pay or other special pay, or any other employer contributions to another deferred compensation plan or employee welfare benefit plan. In the case of an O&R Participant who is a part-time Eligible Employee,
twenty shall be substituted for forty in the preceding sentence. 
 (d) Compensation for a Plan Year in excess of the Annual
Dollar Limit for such Plan Year shall be disregarded. 
 (e) For purposes of a “Compensation Credit Contribution,”
under the Defined Contribution Pension Formula for a Local 3 Employee, “Compensation” means basic straight-time compensation plus Sunday premium pay, night shift, and midnight shift differential premium pay, calculated to the nearest whole
dollar. 
 (f) For purposes of a “Compensation Credit Contribution,” under the Defined Contribution Pension formula
for an O&R Hourly Employee, Compensation means basic straight compensation, calculated to the nearest whole dollar. 

  
 16 

 1.29 Compensation Credit Contributions means the contributions made on behalf of a
Participant by the Employer under the Defined Contribution Pension Formula. 
 1.30 Contribution Percentage for a Highly Compensated
Employee is the ratio, expressed as a percentage, of After-Tax Contributions and Employer Matching Contributions on behalf of the Highly Compensated Employee for the current Plan Year to the Highly Compensated Employee’s Statutory Compensation
for such Plan Year (whether or not the Employee was a Participant for the entire Plan Year). Contribution Percentage for a Non-Highly Compensated Employee is the ratio, expressed as a percentage, of After-Tax Contributions and Employer Matching
Contributions on behalf of the Non-Highly Compensated Employee for the prior Plan Year to the Non-Highly Compensated Employee’s Statutory Compensation for the portion of such Plan Year in which the Participant was an Eligible Employee. However,
Employer Matching Contributions shall not be taken into account to the extent they are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Pre-Tax Contributions, Excess
Contributions, or Excess Aggregate Contributions. The Contribution Percentage of each Eligible Employee shall be rounded to the nearest one-hundredth of one percent of such Employee’s Statutory Compensation. 

1.31 Cost-of-Living Adjustment means the cost of living adjustment prescribed by the Secretary of the Treasury under Code
Section 415(d) and applied to such items and in such manner as the Secretary shall provide. 
 1.32 Defined Contribution Pension
Formula (“DCPF”) Subaccount means the account into which is credited a Participant’s Compensation Credit Contributions and all dividends, income, gains and losses attributable thereto. 

  
 17 

 1.33 Disability means total and permanent physical or mental disability, as evidenced by
(a) receipt of a Social Security disability pension or (b) waiver of premium under an Employer’s group term life insurance plan. 

1.34 Eligible Employee means a CECONY Weekly Employee, CECONY Management Employee, an O&R Hourly Employee, an O&R Management
Employee, and a CEI Employee. 
 1.35 Employee means an individual who is employed by and a common law employee of the Company or an
Affiliate and receives Compensation other than a pension, severance pay, retainer or fee under contract. The term Employee excludes any Leased Employee. 

1.36 Employer means one, more than one, or all, as the context requires of CECONY, O&R, and each CEI Affiliate. Employer also means
each newly created, future established or acquired Affiliate to the extent that such Affiliate elects to participate and CECONY approves its participation in the Thrift Savings Plan. 

1.37 Employer Contribution means a contribution to the Trust Fund made by an Employer on behalf of a Participant. An Employer
Contribution includes Pre-Tax Contributions but does not include Roth Contributions or Employer Compensation Credit Contributions. 
 1.38
Employer Matching Contribution means an Employer Contribution that “matches” a Participant’s Pre-Tax Contribution, a Participant’s Participating Contribution, a Participant’s After-Tax Contribution or a Roth
Contribution, as applicable. 
 Effective on and after July 2013, an Employer Matching Contribution does not include an Employer
Compensation Credit Contribution. 

  
 18 

 1.39 Employer Matching Contributions Subaccount means the Subaccount into which is
credited a Participant’s Employer Matching Contributions and all dividends, income, gains and losses attributable thereto. 
 1.40
ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time. 
 1.41 ESOP means, effective
on the ESOP Effective Date, the Consolidated Edison Employee Stock Ownership Plan (“ESOP”), which is incorporated into and becomes a separate plan within this Plan. 

1.42 ESOP Effective Date means May 8, 2002. 

1.43 ESOP Trust Fund means that part of the Trust Fund held exclusively for the ESOP Accounts of the ESOP Participants. 

1.44 Excess Aggregate Contributions means with respect to any Plan Year, the excess of: 

(a) The aggregate Contribution Percentage Amounts taken into account in computing the numerator of the Average Contribution
Percentage actually made on behalf of Highly Compensated Employees for such Plan Year, over 
 (b) The maximum hypothetically
Contribution Percentage Amounts permitted by the Average Contribution Percentage test determined by reducing contributions made on behalf of Highly Compensated Employees in order of their Contribution Percentages beginning with the highest of such
percentage. 
 Such determination shall be made after first determining Excess Pre-Tax Contributions and then Excess Contributions. In no
case shall the amount of Excess Aggregate Contributions with respect to any Highly Compensated Employee exceed the amount of After-Tax Contributions and Employer Matching Contributions made on behalf of such Highly Compensated Employee for the Plan
Year. 

  
 19 

 1.45 Excess Contributions means, with respect to any Plan Year, the excess of: 

(a) the aggregate amount of Employer Matching Contributions actually taken into account in computing the Average Actual
Deferral Percentage of Highly Compensated Employees for such Plan Year, over 
 (b) the maximum amount of Employer’s
contributions permitted by the Average Actual Deferral Percentage test determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the Deferral Percentages Average, beginning with the highest of
such percentages. 
 In no case shall the amount of Excess Contributions for a Plan Year with respect to any Highly Compensated Employee
exceed the amount of Pre-Tax Contributions made on behalf of such Highly Compensated Employee for the Plan Year. 
 1.46 Excess Elective
Deferral (aka Excess Pre-Tax Contributions) Percentage means the excess of: 
 (a) the Average Deferral Percentage for
the group of eligible Highly Compensated Employees, over 
 (b) the Average Deferral Percentage limit permissible to such
group of Highly Compensated Employees. 

  
 20 

 1.47 Excess Pre-Tax Contributions means those Pre-Tax Contributions that either
(1) are includible in a Participant’s gross income under Code Section 402(g) to the extent the Participant’s Pre-Tax Contributions exceed the dollar limitation under Code Section 402(g). 

1.48 Highly Compensated Employee means any Employee of the Company or an Affiliate (whether or not an Eligible Employee) who during the
look-back year received Statutory Compensation in excess of $80,000, or, for calendar year beginning 2014, $115,000, adjusted by the Cost-of-Living Adjustment and was in the “Top Paid Group.” The term “Top Paid Group” includes
all Employees who are among the 20% highest paid. A Highly Compensated Management Employee means a Highly Compensated Employee who is a CECONY Management Employee, an O&R Management Employee, or a CEI Employee who is not covered by a collective
bargaining agreement. A Highly Compensated Union Employee is a Highly Compensated Employee who is a Local 1-2 Employee, Local 3 Employee, and an O&R Hourly Employee who is covered by a collective bargaining agreement. 

1.49 Hour of Service means, with respect to any applicable computation period, 

(a) each hour for which: 
  

	 	(i)	the Employee is paid or entitled to payment for the performance of duties for the Company or an Affiliate; 

  

	 	(ii)	the Employee is paid or entitled to payment by the Company or an Affiliate on account of a period during which no duties are performed, whether or not the employment relationship has terminated, due to vacation,
holiday, illness, incapacity (including disability), layoff, jury duty, military duty or leave of absence; and 

  

	 	(iii)	 back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company or an Affiliate, excluding any hour credited under
(a)(i) or 

  
 21 

	 	
(ii), which shall be credited to the computation period or periods to which the award, agreement or payment pertains rather than to the computation period in which the award, agreement or payment
is made. 

 (b) No hours shall be credited on account of any period during which the Employee performs no
duties and receives payment solely for the purpose of complying with unemployment compensation, workers’ compensation or disability insurance laws. 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. The Hours of Service credited shall be determined as required by Title 29 of the Code of Federal Regulations, Sections 2530.200b-2(b) and (c). 

(c) 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. 

 1.50 Investment Fund means an
investment fund available under the Thrift Savings Plan for investment of assets held in the Trust Fund or the ESOP Trust Fund. Other than the Consolidated Edison Stock Fund, Participants in the Defined Contribution Pension Formula will have the
investment funds that are available under the Thrift Savings Plan available for the investment of their DCPF Subaccount. 
 1.51
Investment Manager means an investment manager as defined in ERISA Section 3(38), which is appointed by the Named Fiduciaries. 

1.52 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 

  
 22 

 
which he or she has performed services as a Leased Employee shall be counted for service as an Employee for all purposes of the Thrift Savings Plan, except that he or she shall not, by reason of
that status, become a Participant of the Thrift Savings Plan. Effective for plan years beginning after 1996, the definition of a Leased Employee, as set forth in Code Section 414(n) and the Regulations there under is amended to delete 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....” 

1.53 Loan Reserve means such term as set forth in Section 9.08. 

1.54 Local 1-2 Employee means an Employee represented by Local 1-2, Utility Workers’ Union of America, AFL-CIO. 

1.55 Local 3 Employee means an Employee represented by Local 3, International Brotherhood of Electrical Workers, AFL-CIO. 

1.56 Named Fiduciaries means the persons designated as named fiduciaries of the Thrift Savings Plan pursuant to Section 10.01.
Effective on and after February 15, 2012, reference to the term “Named Fiduciaries” means the “Named Fiduciary Committee.” 

1.57 Non-Highly Compensated Management Employee means any CECONY Management Employee, O&R Management Employee or CEI Employee who
is not covered by a collective bargaining agreement and not a Highly Compensated Employee. Code Section 401(k)(3)(A), as amended by the Small Business Job Protection Act, provides for the use of the prior year testing method in determining the
ADP of Non-Highly Compensated Employees, while 

  
 23 

 
current year data is used for Highly Compensated Employees. Alternatively, the Thrift Savings Plan may use current year data for determining the ADPs for both NHCEs and HCEs. This is known as
current year testing method. 
 1.58 Non-Participating Contribution means the portion of a CECONY Participant’s or CEI
Participant’s Pre-Tax Contributions or After-Tax Contributions that is not matched by Employer Matching Contributions. 
 1.59
O&R means Orange and Rockland Utilities, Inc. 
 1.60 O&R Employee means an Employee employed by and on the active
payroll of O&R. A person designated by O&R as a co-op employee or employed in a co-op capacity, as such term is defined by O&R, and any employee employed on a temporary or seasonal basis shall not be considered an O&R Employee or an
Eligible Employee. 
 1.61 O&R Hourly Employee means an Employee employed by and on the active payroll of O&R who is a member
of the collective bargaining unit represented by Local 503 of the International Brotherhood of Electrical Workers, AFL-CIO. 
 1.62
O&R Hourly Plan means the Orange and Rockland Utilities, Inc. Hourly Group Savings Plan, as in effect on December 31, 2000. 

1.63 O&R Management Employee means an Employee employed by and on the active management payroll of O&R and is not an O&R
Hourly Employee. 
 1.64 O&R Management Plan means the Orange and Rockland Utilities, Inc. Management Employees’ Savings
Plan, as in effect on December 31, 2000. 

  
 24 

 1.65 O&R Participant means an O&R Hourly Employee and an O&R Management
Employee who is participating in the Thrift Savings Plan. 
 1.66 Participant means any person who has an Account Balance in the
Thrift Savings Plan. 
 1.67 Participating Contribution means the portion of the Participant’s Pre-tax Contributions or
After-Tax Contributions for which there is an Employer Matching Contribution. 
 1.68 Payroll Period means 

(a) for a CECONY Weekly Employee, a one week period commencing on a Sunday and ending on the next following Saturday; 

(b) for a CECONY Management Employee, a one month period commencing on the first and ending on the last day of the month.
Effective beginning in 2009, Payroll Period means a semi - monthly period with contributions to the Thrift Savings Plan deducted on the 15th and last day of each month; 

(c) for an O&R Participant, the dates that O&R provides payroll information to the Trustees in order to determine the
amounts that should be withheld from an O&R Participant’s pay as Pre-Tax Contributions and/or After-Tax Contributions and the amounts that should be rendered by O&R to the Trustee on behalf of an O&R Participant as an Employer
Contribution; and 
 (d) for a CEI Participant, the prevailing payroll period for that CEI Affiliate. 

1.69 Plan means the Consolidated Edison Thrift Savings Plan, as amended from time to time, as set forth herein. 

1.70 Plan Administrator means the Plan Administrator appointed pursuant to Section 10.01 to administer the Thrift Savings Plan and
the ESOP. 
 1.71 Plan Year means the calendar year. 

  
 25 

 1.72 Pre-Tax Contribution means an Employer’s contributions made to the Thrift
Savings Plan at the election of the Participant, in lieu of cash compensation and before income taxes have been withheld on the amount, and includes contributions made pursuant to a salary reduction agreement. In the case of an O&R Participant,
Pre-Tax Contributions include those Transferred Employer PAYSOP-Contributions that were transferred to the O&R Plan. Pre-Tax Contributions includes amounts deemed as Pre-Tax Contributions pursuant to an election under a cafeteria plan maintained
by CECONY. 

  
 26 

 1.73 Pre-Tax Contributions Subaccount means the Subaccount into which is credited all of a
Participant’s Pre-Tax Contributions and within which are separately accounted for as Participating Contributions and Non-Participating Contributions and all dividends, income, gains and losses attributable thereto. 

1.74 Prior Plan or Prior Plans means one, more than one, or all, as the context requires, of the CECONY Management Plan, the CECONY
Weekly Plan, the O&R Hourly Plan and the O&R Management Plan. 
 1.75 Qualified Default Investment Alternative means an
investment alternative available to each Participant and/or Beneficiary that does not hold or permit the acquisition of employer securities, except in limited circumstances; satisfies certain requirements regarding transfers without penalty; and is
an investment company registered under the Investment Company Act of 1940, a short-term capital preservation fund, or an investment fund that is managed by an investment manager within the meaning of ERISA Section 3(38) or the Trustee. A QDIA
will meet the requirements as set forth, and subject to change, from time to time, under the Department of Labor Regulations. 
 1.76
Record Keeper means the individual(s) or firm selected by the Plan Administrator to provide record keeping and Participant accounting services for the Thrift Savings Plan, including maintenance of separate accounts for Participants in
accordance with the provisions of Section 5.04. 
 1.77 Retirement means termination of employment by a Participant under
circumstances in which he or she is entitled to receive an early retirement pension allowance, normal retirement pension allowance, or late retirement pension allowance under any Employer defined benefit plan. Retirement means termination from
employment on or after his or her sixty-fifth birthday. 

  
 27 

 For purposes of the Defined Contribution Pension Formula, Retirement means termination from
employment which, if such term were defined under the Retirement Plan, would be treated as an early, normal, or late retirement. 

  
 28 

 1.78 Rollover Contributions means amounts contributed pursuant to Plan Section 3.08.

 1.79 Rollover Contributions Subaccount means the account credited with a Participant’s Rollover Contributions and all
dividends, income, gains and losses attributable thereto. Effective for Rollover Contributions received on or after January 1, 2002, a Rollover Contributions Subaccount may include a separately accounted for after-tax rollover Subaccount
attributable to after-tax rollover contributions directly transferred to this Plan. 
 1.80 Roth Contributions means amounts
contributed and designated as such as a Roth Contribution. 
 1.81 Roth Contributions Subaccount means the account credited with a
Participant’s designated Roth Contributions including all dividends, income, gains and losses attributable thereto. The Thrift Savings Plan may not allocate forfeitures, or any Employer Matching Contributions, to a designated Roth Contribution
Subaccount. 
 1.82 Section 125 Contributions means Employee contributions made pursuant to a salary reduction agreement
under a cafeteria plan as that term is defined in Code Section 125. 
 1.83 Section 132 Contributions means Employee
contributions made for qualified transportation expenses under a transportation reimbursement account. 
 1.84 Shares means issued
and outstanding shares of common stock of the Company and shall include fractional shares of such common stock. 
 1.85 Statutory
Compensation means the wages, salaries, and other amounts paid in respect of an Employee for services actually rendered to the Company or an Affiliate, including by way of example, shift premiums, bonuses, overtime payments and similar payments,
but excluding 

  
 29 

 
non-taxable contributions to deferred compensation plans, taxable non-qualified stock options and other distributions which receive special tax benefits under the Code. Statutory Compensation
includes Pre-Tax Contributions, Section 125 Contributions and Section 132 Contributions. Statutory Compensation may not exceed the Annual Dollar Limit. To the extent that the above definition does not satisfy the non-discrimination
requirements, Statutory Compensation may be redefined, by the Plan Administrator, to meet an alternative definition of compensation, including within Code Section 415(c)(3). 

1.86 Total Compensation means for a CECONY Weekly Employee, who is a Local 1-2 Employee, Compensation including overtime pay and
premium pay. 
 1.87 Top Heavy Group means any required aggregation group (as defined in Section 12.03) or any permissive
aggregation group (as defined in Section 12.03) in which more than 60% of the sum of (a) the aggregate account balances under all plans in the group and (b) the aggregate present value of accrued benefits under all plans in the group
is allocated to key employees. For the purpose of this definition, present value shall be determined on basis of the applicable interest rate and applicable mortality table as set forth in the Company’s defined benefit plan. 

1.88 Top-Heavy Plan means any defined contribution plan or defined benefit plan of an Employer or the Company under which more that 60%
of the sum of (a) its aggregate account balances and (b) the present value of its aggregate accrued benefits is allocated to key employees. For the purposes of this definition present value shall be determined on the basis of the
applicable interest rate and applicable mortality table as set forth in the Company’s defined benefit plan. 

  
 30 

 1.89 Transferred Employer and Employee PAYSOP Contributions means those amounts
transferred to the O&R Management Plan or the O&R Hourly Plan on behalf of an O&R Employee from the terminated Orange and Rockland Utilities, Inc. Payroll-Based Employee Stock Ownership Plan. 

1.90 TRASOP means the Tax Reduction Act Stock Ownership Plan of Consolidated Edison Company of New York, Inc., as included within this
plan document, effective as of July 1, 1988. 
 1.91 TRASOP Account means an account maintained under the TRASOP by the Trustee
of the TRASOP Trust Fund for an Employee. 
 1.92 TRASOP Trust Fund means the Trust Fund established solely for the TRASOP Accounts.

 1.93 Trust Fund means the trust fund described in Article 5. 

1.94 Trustee means the trustee appointed and acting as trustee of the Trust Fund, the TRASOP Trust Fund and the ESOP Trust Fund. 

1.95 Valuation Date means the last day of the Plan Year and each additional date designated by the Plan Administrator which is selected
in a uniform and nondiscriminatory manner when the assets of the Fund are valued at their then fair market value. Notwithstanding the foregoing, for purposes of calculating the top heavy ratio, the Valuation Date shall be the last day of the initial
Plan Year and the last day of the preceding Plan Year for each subsequent Plan Year. 

  
 31 

 1.96 Vested Portion means the portion of an Account Balance in which the Participant has a
nonforfeitable interest as provided in Article 6. 
 1.97 Year of Service means each Plan Year in which an Employee is credited
with at least 1000 Hours of Service. An Employee is credited with a Year of Service in the month in which he or she completes 1000 Hours of Service. An Employee will be credited with a Year of Service in each Plan Year in which the Employee is
absent on account of qualified military service, in accordance with Code Section 414(u). For purposes of determining when and if an Employee is 100% vested in his or her Account Balance, a Year of Vesting Service is a Year of Service credited
to the Employee in the month in which he or she completes 1000 Hours of Service. 

  
 32 

 ARTICLE II 

Eligibility and Participation 
  

	 	2.01	Eligibility 

 (a) Any person who was a Participant in a Prior Plan will
continue to be a Participant in this Plan. 
 (b) Each Eligible Employee is eligible to participate in the Plan. 

(c) Each Eligible Employee who was a Participant in, and had an account under the TRASOP on December 31, 2000, will
continue to participate in the TRASOP and have a TRASOP Account. As of July 1, 1988, the TRASOP was closed to new Eligible Employees. 
  

	 	2.02	Eligibility to Participate in the Defined Contribution Pension Formula 

(a) Effective as of July 2013, certain Eligible Employees, as more fully described in Article XV, also are eligible to
participate in the Defined Contribution Pension Formula. The terms and conditions for eligibility under and participation in the Defined Contribution Pension Formula are set forth in Article XV. Participation in the Defined Contribution Pension
Formula is not exclusive of participation in the Thrift Savings Plan. 
  

	 	2.03	Participation 

 (a) An Eligible Employee becomes a Participant by
satisfying the service requirements, if any, as described herein, and by completing the enrollment process described below or such other enrollment process as may be prescribed by the Plan Administrator. An Eligible Employee must elect to make
contributions to the Trust Fund in an amount or percentage as permitted by Section 3.01. In general, a Participant’s contributions are made by regular payroll deductions authorized from time to time by such Participant in such manner and
on such conditions as may be prescribed by the Plan Administrator. An Eligible Employee who elects not to make Pre-Tax Contributions is treated as a Participant who has made an election not to contribute to the Thrift Savings Plan. 

 

	 	(i)	CECONY Weekly Employee A CECONY Weekly Employee may become a Participant after completing 3 months of service. Participation may begin with the next immediately following Payroll Period by making an enrollment
election not later than the day specified by the Plan Administrator. 

  
 33 

	 	(ii)	CECONY Management Employee or CEI Employee A CECONY Management Employee or a CEI Employee may become a Participant in a calendar month following his or her date of hire by making an enrollment election on or
before the 20th day of the first calendar month of hire or any subsequent calendar month. 

  

	 	(iii)	O&R Hourly Employee Effective January 1, 2005, an O&R Hourly Employee who is hired on or after January 1, 2005, may become a Participant in any month following the completion of six months of
service by making an election on or before the 24th day of that sixth month or any month thereafter. Participation will become effective on the first day of the first Payroll Period in the month
following the month in which the election is made. 

  

	 	(iv)	 O&R Management Employee An O&R Management Employee may become a Participant in any month upon the completion of six months of service
and making an election on or before the 24th day of that sixth month or any month thereafter. Participation will become effective on the first day of the first Payroll Period in the month immediately following the month in which the election is
made. Six months of participation means a six-month period in 

  
 34 

	 	
which an O&R Management Employee is credited with at least five hundred Hours of Service. Such six-month period will commence on the date the O&R Management Employee first completes an
Hour of Service. Effective January 1, 2013, an O&R Management Employee may become a Participant at any time following his or her date of hire. Participation may begin as soon as administratively practicable in any Payroll Period after the
Participant has enrolled in the Thrift Savings Plan. 

  

	 	(v)	Other Eligible Employees To the extent that a person becomes an Eligible Employee and is not otherwise covered by a designated classification, he or she may become a Participant in the month in which his or her
Employer adopts the Thrift Savings Plan as provided in the Plan Section 11.05 and satisfies whatever eligibility requirements, if any, his or her Employer selects. 

 

	 	2.04	Reemployment of Former Employees and Former Participants 

 Any person reemployed as an
Eligible Employee, who previously was eligible to become a Participant, will become a Participant upon making an effective enrollment election as may be prescribed by the Plan Administrator. 

 

	 	2.05	Transferred Participants 

 A Participant who remains in the employ of the Company or an
Affiliate but ceases to be an Eligible Employee will continue to be a Participant in the Thrift Savings Plan but will not be eligible to make After-Tax Contributions, Roth Contributions, or Pre-Tax Contributions or have Employer Matching
Contributions made on his or her behalf while his or her employment status is other than as an Eligible Employee. 

  
 35 

	 	2.06	Termination of Participation 

 A Participant’s participation terminates on the date
he or she is no longer employed by the Company or Affiliate and no longer has an Account Balance. 
  

	 	2.07	Participation in ESOP 

 In accordance with Article XIV, and effective on the ESOP
Effective Date, each Participant who receives an Employer Matching Contribution is eligible to participate in the ESOP. 

  
 36 

 ARTICLE III 

Contributions 
  

	 	3.01	Contribution Election 

 (a) CECONY Weekly Participant A CECONY
Weekly Participant may elect to contribute as follows: 
  

	 	(i)	Local 3 Employee For each of his or her basic straight-time Hours of Service not in excess of 40 in a Payroll Period, in one cent multiples or in the maximum permissible amount if such maximum is not a multiple
of one cent, for any Payroll Period beginning on or after: 

  

			
	 A Local 3 Employee
	  	 Employee Contribution

		
	For any Payroll Period beginning on or after	  	She or he can contribute an amount
		
	January 1, 2000, and before January 1, 2001,	  	not in excess of $3.52 per hour.
	January 1, 2001, and before January 1, 2002	  	not in excess of $3.72 per hour.
	January 1, 2002	  	up to but no more than the lesser of $20 per hour or 50% of basic straight-time pay.
	January 1, 2010, or as soon as administratively practicable thereafter	  	 the aggregate limit of participating and non-participating contributions, will be either $6.75 per hour or up to, but no more than, 50% of
“Total Compensation,” as defined herein in multiples of 1%, subject to Internal Revenue Code limits.
  

Total Compensation includes overtime, Sunday premium pay, and night shift and midnight shift differential premium pay.

  
 37 

	 	(ii)	Local 1-2 Employee For each of his or her basic straight-time Hours of Service not in excess of 40 in a Payroll Period, in one cent multiples or in the maximum permissible amount if such maximum is not a multiple
of one cent, as follows for any Payroll Period beginning on or after: 

  

			
	 A Local 1-2 Employee
	  	 Employee Contribution

		
	For any Payroll Period beginning on or after	  	She or he can contribute an amount
		
	January 1, 2000, and before January 1, 2001,	  	not in excess of $3.52 per hour.
	January 1, 2001	  	An amount such that the aggregate limit of participating and nonparticipating contributions is increased to but does not exceed $6.75 per hour, up to the IRS limits.
	January 1, 2002 and before January 1, 2005	  	up to but no more than the lesser of $20 per hour or 50% of basic straight-time pay.
	January 1, 2005, or as soon as administratively practicable thereafter	  	up to but not more than 50% of Total Compensation, including overtime, Sunday premium pay, night shift and midnight shift differential premium pay.
	January 1, 2010, or as soon as administratively practicable thereafter,	  	As of January 1, 2010, the Thrift Savings Plan will eliminate the use of gross pay percentages when making deductions for Non-participating Contributions.

 Such maximum amount of contributions shall be subject to limitations imposed under the Code. At the time a
CECONY Weekly Participant elects a contribution amount, he or she shall, in such manner and on such conditions as may be prescribed by the Plan Administrator, designate which portion is to be Pre-Tax Contributions and which is to be After-Tax
Contributions. A CECONY Weekly Participant may elect to make Pre-Tax Contributions whether or not he or she elects to make After-Tax Contributions and may elect to make After-Tax Contributions whether or not he or she elects to make Pre-Tax
Contributions. Pre-Tax Contributions and After-Tax Contributions are further limited as provided below and in Article 8. 

(b) CECONY Management and a CEI Participant For Plan Years beginning before January 1, 2002, a CECONY Management
Participant and a CEI Participant may elect to reduce his or her Compensation payable while a Participant by at least 1% and not more 

  
 38 

 
than 18%, in multiples of 1%, and have that amount contributed to the Thrift Savings Plan as Pre-Tax Contributions, effective as of July 2010, Roth Contributions, and/or After-Tax Contributions.
A CECONY Management Participant or CEI Participant may elect to make Pre-Tax Contributions or Roth Contributions whether or not he or she elects to make After-Tax Contributions and may elect to make After-Tax Contributions whether or not he or she
has elected to make Pre-Tax Contributions or Roth Contributions. An amount contributed to the Thrift Savings Plan pursuant to the election of a CECONY Management Participant under a cafeteria plan under Code Section 125 may be designated as a
Pre-Tax Contribution or an After-Tax Contribution. The maximum total percentage of Compensation which the CECONY Management Participant and CEI Participant may elect to contribute in the aggregate as Pre-Tax Contributions and After-Tax Contributions
is 18%. Pre-Tax Contributions and After-Tax Contributions are further limited as provided below and in Article 8. For Thrift Savings Plan Years beginning on and after January 1, 2002, a CECONY Management Participant and a CEI Participant may
elect to contribute up to 50% of his or her Compensation as Pre-Tax Contributions, Roth Contributions, and/or After-Tax Contributions, subject to the maximum annual addition limit set forth in Section 8.03 of the Thrift Savings Plan. 

(c) O&R Hourly Participant An O&R Hourly Participant may elect to reduce his or her Compensation by at least 2%
and not more than 50%, in multiples of 1%, and have that amount contributed to the Thrift Savings Plan as Pre-Tax Contributions. Pre-Tax Contributions are further limited as provided below and in Article 8. 

(d) O&R Management Participant For Plan Years beginning before January 1, 2002, an O&R Management
Participant may elect to reduce his or her Compensation payable while a Participant by at least 2% and not more than 15%, in multiples of 1%, and have that amount contributed to the Thrift Savings Plan. Effective January 1, 2002, an O&R
Management Participant may contribute up to 50% of his or her Compensation. At the time an O&R Management Participant elects a contribution amount, he or she will designate which portion is to be Pre-Tax Contributions or Roth Contributions and
which is to be After-Tax Contributions. An O&R Management Participant may elect to make Pre-Tax 

  
 39 

 
Contributions or Roth Contributions whether or not he or she elects to make After-Tax Contributions and may elect to make After-Tax Contributions whether or not he or she elects to make Pre-Tax
Contributions or Roth Contributions. Pre-Tax Contributions, Roth Contributions, and After-Tax Contributions are to be further limited as provided below and in Article 8. 
  

	 	3.02	Pre-Tax Contribution Dollar Limitation and Re-characterization 

 In no event will a
Participant’s Pre-Tax Contributions and/or Roth Contributions made on his or her behalf by the Company or an Affiliate to all plans, contracts or arrangements, subject to the provisions of Code Section 402(g), in any calendar year exceed
$11,000 multiplied by the Cost-of-Living Adjustment. The Pre-Tax Contribution limit will be increased for calendar year 2007 to $15,500; for calendar year 2008 to $15,500; for calendar year 2009 to $16,500. Beginning in calendar year 2006, the
$15,000 limit will be multiplied by the Cost-of-Living Adjustment, increasing in $500 increments. Once a Participant’s Pre-Tax Contributions or Roth Contributions in a calendar year reach the applicable dollar limitation, his or her election of
Pre-Tax Contributions or Roth Contributions for the remainder of the calendar year will be canceled. If so elected by a Participant, other than for an O&R Hourly Participant, excess Pre-Tax Contributions will be re-characterized as After-Tax
Contributions at the same rate as was previously in effect for Pre-Tax Contributions. Each Participant affected by this Section 3.02 may elect to change or suspend the rate at which he or she makes After-Tax Contributions. As of the first
Payroll Period of the calendar year following such cancellation, the Participant’s election of Pre-Tax Contributions will again become effective at the rate in accordance with his or her most recent election. 

  
 40 

	 	3.03	Return of Excess Pre-Tax Contributions 

 In the event that the sum of the Pre-Tax
Contributions and similar contributions to any other qualified defined contribution plan maintained by the Company or an Affiliate exceed the dollar limitation in Code Section 402(g) for any calendar year, the Participant will be deemed to have
elected a return of Pre-Tax Contributions in excess of such limit (“Excess Pre-Tax Contributions”) from this Plan. Unless Excess Pre-Tax Contributions are characterized as After-Tax Contributions, Excess Pre-Tax Contributions, together
with Earnings, will be returned to the Participant no later than the April 15th following the end of the calendar year in which the Excess Pre-Tax Contributions were made. The amount of
Excess Pre-Tax Contributions to be returned for any calendar year will be reduced by any Pre-Tax Contributions previously returned to the Participant under Section 8.01 for that calendar year. In the event any Pre-Tax Contributions returned
under this Section 3.03 received Employer Matching Contributions, those Employer Matching Contributions, together with Earnings, will be forfeited and used to reduce future Employer Contributions. In the event any Pre-Tax Contributions returned
under this Section 3.03 were matched by Employer Matching Contributions, those Employer Matching Contributions, including all dividends, income, gains and losses attributable thereto , will be forfeited and used to reduce future Employer
Matching Contributions. 
  

	 	3.04	Excess Deferrals to Other Plans 

 If a Participant makes tax-deferred contributions under
another qualified defined contribution plan maintained by an employer other than the Company or an Affiliate for any calendar year and those contributions when added to his or her Pre-Tax Contributions result if Excess Pre-Tax Contributions, the
Participant may allocate all or a portion of the Excess Pre-Tax 

  
 41 

 
Contributions to this Plan. In that event, the Excess Pre-Tax Contributions, together with Earnings, will be returned to the Participant no later than the April 15th following the end of the calendar year in which the Excess Pre-Tax Contributions were made. The Thrift Savings Plan is not required to return Excess Pre-Tax Contributions unless the Participant
notifies the Plan Administrator, in writing, by March 1st of the following calendar year of the amount of the Excess Pre-Tax Contributions allocated to this Plan. The amount of Excess Pre-Tax
Contributions to be returned for any calendar year will be reduced by any Pre-Tax Contributions previously returned to the Participant under Section 8.01 for that calendar year. In the event any Pre-Tax Contributions returned under this
Section 3.04 were matched by Employer Matching Contributions, those Employer Matching Contributions, together with Earnings, will be forfeited and used to reduce future Employer Matching Contributions. 

 

	 	3.05	Participating Contributions Eligible for Employer Matching Contributions 

 A
Participating Contribution means that amount of a Participant’s contribution which is entitled to an Employer Matching Contribution. 

(a) CECONY Weekly Participant 

The amount of each CECONY Weekly Employee’s contribution, based on an amount per hour up to but not to exceed 40 hours per Payroll Period
and as set forth below, will be his or her Participating Contribution for such Payroll Period. This means that the amount of each hour contributed as a “Participating Contribution,” will be entitled to an Employer Matching Contribution.
The amount, if any, by which a CECONY Weekly Employee’s contribution for a Payroll Period exceeds his or her Participating Contribution (the “hourly” amount minus the amount eligible for the Employer Matching Contribution) will be his
or her Non-Participating Contribution for such Payroll Period. 

  
 42 

 (b) Local 1-2 Employee 
  

			
	 A Local 1-2 Employee
	  	 Participating Contributions Entitled to Employer Matching Contributions.

		
	For any Payroll Period beginning on or after	  	This is the amount of her or his employee contribution that is entitled to an employer matching contribution ( “Participating Contribution”):
		
	January 1, 2000	  	$0.97 per hour not in excess of 40 hours.
	January 1, 2001	  	$1.02 per hour not in excess of 40 hours.
	January 1, 2002	  	$1.07 per hour not in excess of 40 hours.
	January 1, 2003	  	$1.12 per hour not in excess of 40 hours.
	January 1, 2004	  	$1.17 per hour not in excess of 40 hours.
	January 1, 2009	  	$1.20 per hour not in excess of 40 hours.
	January 1, 2010	  	$1.23 per hour not in excess of 40 hours.
	January 1, 2011	  	$1.26 per hour not in excess of 40 hours.
	January 1, 2012	  	$1.29 per hour not in excess of 40 hours.
	January 1, 2013	  	$1.33 per hour not in excess of 40 hours.
	January 1, 2014	  	$1.37 per hour not in excess of 40 hours.
	January 1, 2015	  	$1.41 per hour not in excess of 40 hours.
	January 1, 2016	  	$1.45 per hour not in excess of 40 hours.

 CECONY will contribute on behalf of a Local 1-2 Employee who elects to make Pre-Tax Contributions or After-Tax
Contributions for a Payroll Period an amount equal to 50% of the aggregate Participating Contributions (Pre-Tax and/or After Tax) made by the Local 1-2 Employee for such Payroll Period, matching first Pre-Tax Contributions and then After-Tax
Contributions. 
 Beginning with the first Payroll Period on or after January 1, 2013, or as soon as administratively practicable
thereafter, CECONY will contribute on behalf of each Local 1-2 Employee who is covered under the cash balance formula of the Retirement Plan and who elects to make Employee Contributions for a Payroll Period, an Employer Matching Contribution equal
to 100% of his or her Participating Contribution for each Payroll Period. 

  
 43 

 Employer Matching Contributions are made expressly conditional on the Thrift Savings Plan
satisfying the provisions of Article VIII. If any portion of the Pre-Tax Contribution or After-Tax Contribution to which the Employer Matching Contribution relates is returned to the Local 1-2 Employee under Section 3.01, 8.01, 8.02 or 8.03,
the corresponding Employer Matching Contribution will be forfeited, and if any amount of the Employer Matching Contribution is deemed an Excess Aggregate Contribution under Section 8.03, such amount will be forfeited in accordance with the
provisions of that Section. 
 (c) Local 3 Employee 

The amount of each Local 3 Employee’s contribution, set forth below, will be his or her Participating Contribution for such Payroll
Period. The amount, if any, by which a Local 3 Employee’s contribution for a Payroll Period exceeds his or her Participating Contribution will be his or her Non-Participating Contribution for such Payroll Period. 

 

			
	 A Local 3 Employee
	  	 Participating Contributions Eligible for Employer Matching Contributions.

		
	For any Payroll Period beginning on or after	  	This amount of her or his employee contribution that will be matched by an employer contribution (called a “participating contribution”)
		
	January 1, 2001,	  	$1.02 per hour.
	January 1, 2002	  	$1.07 per hour.
	January 1, 2003	  	$1.12 per hour.
	January 1, 2004	  	$1.17 per hour.
	January 1, 2005	  	$1.22 per hour.
	January 1, 2014	  	$1.26 per hour not in excess of 40 hours.
	January 1, 2015	  	$1.30 per hour not in excess of 40 hours.
	January 1, 2016	  	$1.34 per hour not in excess of 40 hours.
	January 1, 2017	  	$1.38 per hour not in excess of 40 hours.

  
 44 

 CECONY will contribute on behalf of a Local 3 Employee who elects to make Pre-Tax Contributions
or After-Tax Contributions for a Payroll Period an amount equal to 50% of the aggregate Participating Contributions (Pre-Tax and/or After Tax) made by the Local 3 Employee for such Payroll Period, matching first Pre-Tax Contributions and then
After-Tax Contributions. Beginning with the first Payroll Period on or after January 1, 2014, or as soon as administratively practicable thereafter, CECONY will contribute, on behalf of each Local 3 Employee who is covered under the cash
balance formula of the Retirement Plan and who elects to make Employee Contributions for a Payroll Period, an Employer Matching Contribution equal to 75% of his or her Participating Contributions for each Payroll Period. 

Beginning with the first Payroll Period on or after January 1, 2014, or as soon as administratively practicable thereafter, CECONY will
contribute, on behalf of each Local 3 Employee who is covered under the DCPF, and elects to make Employee Contributions for a Payroll Period, an Employer Matching Contribution equal to 100% of his or her Participating Contributions for each Payroll
Period. 
 Employer Matching Contributions are made expressly conditional on the Thrift Savings Plan satisfying the provisions of Article
VIII. If any portion of the Pre-Tax Contribution or After-Tax Contribution to which the Employer Matching Contribution relates is returned to the Local 3 Employee under Section 3.01, 8.01, 8.02 or 8.03, the corresponding Employer Matching
Contribution will be forfeited, and if any amount of the Employer Matching Contribution is deemed an Excess Aggregate Contribution under Section 8.03, such amount will be forfeited in accordance with the provisions of that Section. 

  
 45 

 (d) CECONY Management Participant and CEI Participant CECONY and each CEI Affiliate will
contribute on behalf of each CECONY Management Participant or CEI Participant, as the case may be, who elects to make Pre-Tax Contributions, Roth Contributions, or After-Tax Contributions an amount equal to 50% of the sum of the Pre-Tax
Contributions, Roth Contributions and After-Tax Contributions made on behalf of or by the CECONY Management Participant or the CEI Participant to the Thrift Savings Plan during each month, not to exceed 6% of Compensation for such month, to be
matched first on Pre-Tax Contributions or Roth Contributions and then on After-Tax Contributions. Employer Matching Contributions for a month will not exceed 3% of the Participant’s Compensation for such month. 

Beginning with the first Payroll Period on or after January 1, 2013, or as soon as administratively practicable thereafter, CECONY will
contribute an Employer Matching Contribution on behalf of each CECONY Management Participant who is covered under the cash balance formula of the Retirement Plan and elects to contribute, an amount equal to 100% of the first 4% of Compensation and
50% of the next 4% of Compensation such contribution each month, up to but not to not to exceed 6% of his or her Compensation for such month. Employer Matching Contributions will match first Pre-Tax Contributions, then Roth Contributions, then
After-Tax Contributions. Employer Matching Contributions for a month will not exceed 6% of the Participant’s Compensation for such month. 

Employer Matching Contributions are made expressly conditional on the Thrift Savings Plan satisfying the provisions of Article VIII. If any
portion of the Pre-Tax Contribution or After-Tax Contribution to which an Employer Contribution relates is returned to the CECONY Management Participant or CEI Participant under Section 3.01, 8.01, 8.02 or 8.03, the corresponding Employer
Contribution will be forfeited, and if any amount of the Employer 

  
 46 

 
Contribution is deemed an Excess Aggregate Contribution under Section 8.03, the Excess Aggregate Contribution will be forfeited in accordance with the provisions of Section 8.03. In the
event a CECONY Management Participant or CEI Participant elects to make Pre-Tax Contributions and/or After-Tax Contributions in an amount which, when taking into account his or her Employer Matching Contributions, exceeds the maximum annual
additions, as defined and determined in Section 8.03 of the Thrift Savings Plan, the Employer will contribute an additional Employer contribution on behalf of such Participant (“CECONY/CEI True- Up Contribution”). The CECONY/CEI True-
Up Contribution, will be made as soon as administratively possible after the end of the Plan Year, for each such CECONY Management Participant and CEI Participant who is employed at year end. The CECONY/CEI True-Up Contribution will equal the
difference between 3% of such Participant’s Compensation on an annual basis minus his or her total Employer Matching Contributions made during the year. 

(e) O&R Hourly Participant. 

O&R will contribute on behalf of each O&R Hourly Participant who elects to make Pre-Tax Contributions an amount equal to 50% of the
Pre-Tax Contributions made on behalf of or by the O&R Hourly Participant to the Thrift Savings Plan up to the first “x” percent of Compensation of the O&R Hourly Participant during each Payroll Period, where beginning:
(1) January 1, 2000, “x” equals 3; (2) January 1, 2003, “x” equals 4; (3) January 1, 2004, “x” equals 5; and (4) January 1, 2005, “x” equals 6. In addition, as soon as
administratively possible after the end of the Plan Year, O&R will contribute, as of the end of the Plan Year, for each O&R Hourly Participant who is employed at year end and who in the prior Payroll Periods during that Plan Year had made
Pre-Tax Contributions at a rate in excess of, beginning (1) January 1, 2000, 3%; (2) January 1, 2003, 

  
 47 

 
4%; (3) January 1, 2004, 5%; or (4) January 1, 2005, 6% of the O&R Hourly Participant’s Compensation, an Employer Contribution equal to 50% of the O&R Hourly
Participant’s Pre-Tax Contributions that were not previously matched (“True-Up Contributions”). True-Up Contributions will not exceed such amounts as will result in the total O&R Employer Matching Contributions, both those made
previously during the year and those as of year end, exceeding 50% of a O&R Hourly Participant’s Pre-Tax Contributions that do not exceed, beginning: (1) January 1, 2000, 3%; (2) January 1, 2003, 4%; or
(3) January 1, 2004, 5%; or (4) January 1, 2005, 6%; of the O&R Hourly Participant’s Compensation on an annual basis. 

(f) O&R Management Participant. O&R will contribute on behalf of each O&R Management Participant who elects to make Pre-Tax
Contributions, or after January 1, 2013, After-Tax Contributions, an amount equal to 50% of the Pre-Tax Contributions made on behalf of or by the O&R Management Participant to the Thrift Savings Plan up to the first “x” percent of
Compensation of the O&R Management Participant during each Payroll Period, where beginning: (1) January 1, 2000, “x” equal 3; (2) January 1, 2003, “x” equals 4; (3) January 1, 2004, “x”
equals 5; and (4) January 1, 2005, “x” equals 6. In addition, as soon as administratively possible after the end of the Plan Year, O&R will contribute, as of the end of the Plan Year, for each O&R Management Participant
who is employed at year end and who in the prior Payroll Periods during that Plan Year had made Pre-Tax Contributions at a rate in excess of beginning: (1) January 1, 2000, 3%; (2) January 1, 2003, 4%; (3) January 1,
2004, 5%; and (4) January 1, 2005, 6% of the O&R Management Participant’s Compensation, and for Plan Years beginning before January 1, 2013, an Employer Contribution equal to 50% of the O&R Management Participant’s
Pre-Tax Contributions that were not previously matched (“True-Up Contributions”). True-Up Contributions will not exceed such amount as will result in the total O&R Employer Matching 

  
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Contributions, both those made previously during the year and those as of year end, exceeding 50% of an O&R Management Participant’s Pre-Tax Contributions that do not exceed, beginning:
(1) January 1, 2000, 3%; (2) January 1, 2003, 4%; (3) January 1, 2004, 5% or (4) January 1, 2005, 6% of the O&R Management Participant’s Compensation on an annual basis. 

 

	 	3.06	Rollover Contributions 

 (a) Subject to such terms and conditions as the
Plan Administrator may determine to be appropriate, applied in a uniform and non-discriminatory manner to all Eligible Employees, and without regard to any limitations on contributions set forth in this Article 3, the Thrift Savings Plan may receive
from an Eligible Employee for credit to his or her Rollover Contributions Subaccount, in cash, any amount previously distributed (or deemed to have been distributed) to him or her from a qualified plan or, beginning January 1, 2002, a
traditional individual retirement account (“IRA”), a government plan subject to Code Section 457, a Code Section 403(a) plan or Code Section 403(b) tax sheltered annuity. Effective on or after January 1, 2002, a
Rollover Contribution may include a separately accounted for after –tax rollover subaccount attributable to after –tax rollover contributions directly transferred to the Thrift Savings Plan. The Thrift Savings Plan may receive a rollover
contribution amount either from the Eligible Employee or in the form of a direct rollover. Notwithstanding the foregoing, the Thrift Savings Plan shall not accept any amount unless such amount is eligible to be rolled over in accordance with
applicable law and the Eligible Employee provides evidence satisfactory to the Plan Administrator that such amount qualifies for rollover treatment. Unless received by the Thrift Savings Plan in the form of a direct rollover, the rollover
contribution must be paid to the Trustee on or before the 60th day after the day it was received by the Eligible Employee or be rolled over from an IRA. Effective January 1, 2002, an eligible rollover distribution from an IRA is the amount of a
distribution from an IRA that is includible in gross income, including amounts attributable to an Employee’s personal IRA contributions made outside of a qualified plan. At the time received by the Thrift Savings Plan, the Eligible Employee
shall, 

  
 49 

 
in such manner and on such conditions as may be prescribed by the Plan Administrator, elect to invest the Rollover Contribution in the investment funds then available under the Thrift Savings
Plan to a Participant. If the Eligible Employee fails to make an investment election, 100% of the Rollover Contribution shall be invested in the QDIA. 

(b) The Thrift Savings Plan may also accept from a former Employee who is a Participant a rollover or a direct rollover of an
amount received from a defined benefit plan sponsored by an Employer or from the TRASOP. 
 (c) Subject to terms and
conditions as the Plan Administrator may determine to be appropriate, and applied in a non-discriminatory manner to all Participants, the Thrift Savings Plan may receive on behalf of Participant a trust-to-trust transfer from another qualified plan.
Any Participant whose benefits are the subject of a trust-to-trust transfer from another qualified plan to this Thrift Savings Plan will be entitled to receive benefits, rights and features from the Thrift Savings Plan that are no less than the
benefits, rights and features he would be entitled to receive from the other qualified plan immediately preceding the transfer. To the extent feasible, such transfer shall be made on an in-kind basis. To the extent such transfer is made in the form
of cash, at the time received by the Thrift Savings Plan the Participant shall, in such manner and on such terms as may be prescribed by the Plan Administrator, elect to invest the cash in the Investment Funds then available under the Thrift Savings
Plan other than the Company Stock fund. 
  

	 	3.07	Changes in Contributions 

 A Participant may increase, reduce, suspend or resume his or
her contributions within the limits prescribed by Sections 3.01 and/or 3.02, effective as of the next first Payroll Period, by making a new election, on or before the date set by the Plan Administrator, in such manner and on such conditions as may
be prescribed by the Plan Administrator. A Participant may make changes in contribution levels once a month. 

  
 50 

	 	3.08	Payment To Trust 

 Amounts contributed by Participants will be paid by each Employer to
the Trustee promptly and credited by the Trustee to their Accounts in accordance with the certification of each Employer as to the names of the contributing Participants and the respective amounts contributed by each Participant as Participating
Contributions, Non-Participating Contributions, Pre-Tax Contributions, After-Tax Contributions, Roth Contributions, and Rollover Contributions. 
  

	 	3.09	No Contributions to TRASOP 

 No contributions to the TRASOP by any Employer or by
Participants are permitted. 
  

	 	3.10	Catch-Up Contributions 

 (a) Effective January 1, 2002, or at such
later time as the Plan Administrator may determine to implement, each “Catch-Up Participant,” as defined below, may contribute for each “Catch-Up Year,” as defined below, an amount not to exceed the lesser of the “Catch-Up
Contribution,” as defined below, or the Catch-Up Participant’s compensation reduced by any other Pre-Tax Contributions for that Catch-Up Year. 

(b) Definitions: 
  

	 	(i)	Catch-Up Participant means a Participant who has attained age 50 by the last day of a Catch-Up Year and for whom no additional Pre-Tax Contributions can be made for that Catch-Up Year because of the application of the
calendar year annual dollar limit set forth in Code Section 402(g) or any other limitations in the Thrift Savings Plan. 

  

	 	(ii)	Catch-Up Year means each Plan Year beginning January 2, 2002. 

  

	 	(iii)	Catch-Up Contribution means a Pre-Tax Contribution in the amount of $5,500 for Plan Year 2009. The $5,500 Catch-Up Contribution is adjusted by the Cost of Living Adjustment, increasing, when applicable, in $500
increments. Catch-Up Contributions are not taken into account for purposes of determining the Actual Deferral Percentage or Average Actual Deferral Percentage. 

  
 51 

	 	3.11	Employer Matching Contributions to ESOP 

 Employer Matching Contributions made on behalf
of an ESOP Participant are automatically contributed to the ESOP. 

  
 52 

 ARTICLE IV 

Investment Elections – Timing and Frequency 
  

	 	4.01	Employer Matching Contributions Election 

 A Participant may elect to have Employer
Matching Contributions allocated to his or her Employer Matching Contributions Subaccount invested, in multiples of 1%, in one or more of the Investment Funds, including the Company Stock Fund. Effective May 8, 2002, Employer Matching
Contributions allocated to the Company Stock Fund are made to the ESOP. Any such election shall be made in such manner and on such conditions as may be prescribed by the Plan Administrator. If the Participant fails to make an election, 100% of his
or her Employer Matching Contributions will be invested in the QDIA. 
  

	 	4.02	Participant Pre-Tax Contributions, After-Tax Contributions and Rollover Contributions 

 A
Participant may elect to have his or her Pre-Tax Contributions, After-Tax Contributions, Roth Contributions, and Rollover Contributions, in multiples of 1%, invested in any Investment Fund other than the Company Stock Fund. If the Participant fails
to make an election as to the Investment Fund(s) for his or her contributions, 100% of such contributions will be invested in the QDIA. 
  

	 	4.03	Change of Election 

 Subject to possible restrictions imposed on certain Funds by the
Trustee or an Investment Fund Manager, a Participant may change his or her investment election regarding future contributions once a month and his or her existing Account Balance once a day. Any election will be made in such manner and on such
conditions as may be prescribed by the Plan Administrator and subject to any restrictions imposed on an Investment Fund. 

  
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	 	4.04	Certification to Company 

 For each Payroll Period, the Record Keeper will certify to
each Employer the amount of Employer Matching Contributions to be made on behalf of each Participant. 
  

	 	4.05	Forfeitures 

 The total amount of the Trust Fund forfeited by Participants pursuant to
Section 7.02 or otherwise, will be invested in such Investment Fund as may be specified by the Plan Administrator and will be applied to reduce future Employer Matching Contributions due under the Thrift Savings Plan. The Trustee will promptly
advise the Employers of any such forfeiture and the amount thereof. 

  
 54 

 ARTICLE V 

The Trust Fund - Investments 
  

	 	5.01	Trust Agreement 

 Contributions are held in a Trust Fund by the Trustee under a written
trust agreement between CECONY and the Trustee. TRASOP Accounts are held in a TRASOP Trust Fund under a written trust agreement between CECONY and the Trustee. ESOP Accounts are held in the ESOP Trust Fund which is included in, but a separate part
of, the Trust Fund. No person has any rights to or interest in the Trust Fund except as provided in the Thrift Savings Plan. The provisions of the trust agreement between CECONY and the Trustee shall be considered an integral part of the Thrift
Savings Plan as if fully set forth herein. 
 Effective as of July 2013, or as soon as practicable thereafter, the Trustee and/or Record
Keeper will set aside, as a separate part of the Trust Fund, a Defined Contributions Pension Formula Account. Such Defined Contributions Pension Formula Account will be credited with Employer Compensation Credit Contributions made on behalf of and
for each Participant covered under the Defined Contribution Pension Formula. 
  

	 	5.02	Investment of Trust Fund 

 (a) Participant – Directed Investment
Decisions 
 The Trust Fund shall be invested and reinvested in Investment Funds in accordance with the Participant’s investment
directions. The Thrift Savings Plan is intended to be an ERISA Section 404(c) plan within the meaning of regulations issued pursuant to such section. Each Participant shall have the opportunity, on a daily basis, or based on any restriction
imposed by an investment manager, on a less frequent basis, to give investment instructions to the Trustee, or other fiduciary 

  
 55 

 
who is appointed and assumes such fiduciary responsibility, with an opportunity to obtain written confirmation of such instructions as to his or her existing Account Balance among the Investment
Funds. The Plan Administrator, the Trustee and the Record Keeper or their delegate, will comply with such instructions except as otherwise provided in the ERISA Section 404(c) regulations. The Plan Administrator will prescribe the form and
manner in which such directions will be made, as well as the frequency with which such directions may be made or changed, and the dates as of which they will be effective, in a manner consistent with the foregoing. Transfers to or from an Investment
Fund may be restricted or limited by the manager of such Investment Fund or by the terms of the Trust Agreement. 
 (b)
Investment Fund Choices 
 The Named Fiduciaries shall select a range of Investment Funds as described by ERISA Section 404(c) and
applicable regulations. The Investment Fund categories shall give each Participant a reasonable opportunity to: 
  

	 	(i)	Materially affect the potential return on and the degree of risk of assets over which the Participant exercises investment control; 

  

	 	(ii)	Choose from at least three investment alternatives, each of which is diversified and has materially different risk and return characteristics; 

 

	 	(iii)	Enable a Participant to achieve a portfolio with risk and return characteristics at any point within the range normally appropriate by choosing among the core alternatives; and 

 

	 	(iv)	Diversify investments so as to minimize the risk of large losses. 

 The Named Fiduciaries may
establish new Investment Funds without the necessity of an amendment to the Thrift Savings Plan and shall have the objectives prescribed by the Named Fiduciaries. The Named Fiduciaries may eliminate one or more Investment Fund existing at any time
without the necessity of an amendment to the Thrift Savings Plan. The Named Fiduciaries 

  
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may establish rules and procedures governing the transfer of portions of Participant’s Account Balance in the event that existing Investment Funds are changed or new Investment Funds added.
The Named Fiduciaries may appoint an Investment Manager to manage an Investment Fund. 
  

	 	5.03	Qualified Default Investment Alternative and Fiduciary Relief 

 (a) The
Named Fiduciaries shall not be liable for any loss that is the direct and necessary result of (1) investing all or part of a Participant’s Account Balance in a QDIA or (2) the investment decisions made in connection with the
management of a QDIA provided the conditions set forth below are satisfied. The Named Fiduciaries are responsible for and will prudently select and monitor the QDIA. 

(b) Conditions related to the QDIA: 
  

	 	(i)	The Participant on whose behalf the investment is made had the opportunity to direct the investment of the assets in his or her account but did not direct the investment of the assets. 

 

	 	(ii)	The Participant on whose behalf an investment in a QDIA may be made is furnished a notice that meets the QDIA notice requirements. 

  

	 	(iii)	The Named Fiduciaries will provide, or have provided, to a Participant the required material set forth in the applicable regulations relating to an investment in a QDIA. 

 

	 	(iv)	Any Participant on whose behalf assets are invested in a QDIA may transfer, in whole or in part, such assets to any other Investment Fund with a frequency consistent with that afforded to a Participant who elected to
invest in the QDIA, but not less frequently than once within any three month period. 

  

	 	(v)	 Any transfer or any permissible withdrawal by a Participant of assets invested in a QDIA, in whole or in part, resulting from the Participant’s
election to make such a transfer or withdrawal during the 90–day period beginning on the date of the Participant’s first elective contribution or other first investment in a QDIA, shall not be subject to any restrictions, fees or expenses

  
 57 

	 	
(including surrender charges, liquidation or exchange fees, redemption fees and similar expenses charged in connection with the liquidation of, or transfer from, the investment); provided,
however, that this section shall not apply to fees and expenses that are charged on an ongoing basis for the operation of the investment itself (such as investment management fees, distribution and/or service fees, “12b–1” fees, or
legal, accounting, transfer agent and similar administrative expenses), and are not imposed, or do not vary, based on a Participant’s decision to withdraw, sell or transfer assets out of the QDIA. Following the end of the 90–day period,
any transfer or permissible withdrawal will not be subject to any restrictions, fees or expenses not otherwise applicable to a Participant who elected to invest in that QDIA. 

 

	 	(vi)	The QDIA notice will be written in a manner calculated to be understood by the average plan Participant and include the required information, including, but not limited to, a description of the circumstances under which
a Participant’s assets will be invested in a QDIA, an explanation of the right of Participants to direct the investment of assets, a description of the QDIA, including a description of the investment objectives, risk and return characteristics
(if applicable), and fees and expenses attendant to the QDIA, and a description of the right to direct the investment of the QDIA assets to any other investment alternative, including a description of any applicable restrictions, fees or expenses in
connection with such transfer. 

  

	 	5.04	Company Stock Fund 

 For Plan Years beginning before January 1, 2002 and for Plan
Year 2002 until May 8, 2002, all funds invested in the Company Stock Fund, are invested as a Participant’s Employer Matching Contributions Subaccount, and subject to this Section 5.03(a), (b) and (c). Effective as of the ESOP
Effective Date, a Participant who invests some, all, or any part of his or her Employer Matching Contributions in the Company Stock Fund will be an ESOP Participant subject to Article XIV. 

  
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 (a) Investments in Fund The Trustee shall regularly purchase Shares for the Company Stock Fund in
accordance with a non-discretionary purchasing program. Such purchases may be made on any securities exchange where Shares are traded, in the over-the-counter market, or in negotiated transactions, and may be on such terms as to price, delivery and
otherwise as the Trustee may determine to be in the best interests of the Participants. Dividends, interest and other income received on assets held in the Company Stock Fund shall be reinvested in the Company Stock Fund. All funds to be invested in
the Company Stock Fund shall be invested by the Trustee in one or more transactions promptly after receipt by the Trustee, subject to any applicable requirement of law affecting the timing or manner of such transactions. All brokerage commissions
and other direct expenses incurred by the Trustee in the purchase or sale of Shares under the Thrift Savings Plan will be borne by the Account investing and/or trading in the Company Stock Fund. 

(b) Units The interests of Participants in the Company Stock Fund shall be measured in Units, the number and value of which shall be
determined daily. 
 (c) Voting of Shares Each Participant shall be entitled to direct the Trustee as to the manner in which any Shares or
fractional Share allocated to the Participant’s Account Balance are to be voted. Any such Shares or fractional Share for which the Participant does not give voting directions shall be voted by the Trustee in the same manner and proportions as
all other Shares held by the Trustee for which voting directions are given by Participants. The Trustee shall keep confidential a Participant’s voting instructions and information regarding a Participant’s purchases, holdings and sales of
Shares. The Plan Administrator shall be responsible for monitoring the Trustee’s performance of its confidentiality obligations. 

  
 59 

	 	5.05	Accounts and Subaccounts 

 The Record Keeper will maintain a daily evaluation at current
market values, as determined by the Trustee. The Record Keeper will also maintain a separate TRASOP Account for each eligible Participant and a separate Account Balance for each Participant, and within each such Account Balance, as applicable, a
Pre-Tax Contributions Subaccount, Roth Contributions Subaccount, an After-Tax Contributions Subaccount, a Rollover Contributions Subaccount, an ESOP Account, an Employer Matching Contributions Subaccount, and a Defined Contribution Pension Formula
Subaccount. The Record Keeper will keep a separate record of the respective amounts of each Participant in the Trust Fund, including each Investment Fund and the Loan Reserve, attributable to amounts credited to a Participant’s Pre-Tax
Contributions Subaccount, Roth Contributions Subaccount, After-Tax Contributions Subaccount, Rollover Contributions Subaccount, ESOP Account, an Employer Matching Contributions Subaccount, and a Defined Contribution Pension Formula Subaccount. 

 

	 	5.06	Statements of Account 

 As soon as practicable after each calendar quarter, the Record
Keeper will cause to be sent to each Participant a written statement showing, as of such date, the respective amounts of the Participant’s Account Balance, including each Investment Fund and the Loan Reserve, attributable to the
Participant’s Pre-Tax Contributions Subaccount, Roth Contributions Subaccount, After-Tax Contributions Subaccount, Rollover Contributions Subaccount, Employer Matching Contributions 

  
 60 

 
Subaccount, Defined Contribution Pension Formula Subaccount, and TRASOP Account, if any. With respect to the Participant’s After-Tax Contributions Subaccount, the statement will show
separately the amount of the Participant’s own contributions (less any withdrawal) credited to his or her After-Tax Subaccount. The Plan Administrator may direct the Record Keeper from time to time to issue comparable statements to Participants
as of other dates during the calendar year. 
  

	 	5.07	Responsibility for Investment 

 Each Participant is solely responsible for the selection
of his or her Investment Funds. The Trustee, the Record Keeper, any Investment Manager, the Named Fiduciaries, the Plan Administrator, the Company, each Employer and the trustees, officers and other Employees of each entity are not empowered to
advise a Participant as to the decision in which his or her Account Balance is invested. The fact that an Investment Fund is available to Participants for investment under the Thrift Savings Plan is not to be construed as a recommendation for a
particular Participant to invest in the Investment Fund. 
 All investment directions by Participants shall be timely furnished to the
Trustee or its delegate. 
  

	 	5.08	Eligible Investment Advice 

 (a) Availability of Eligible Investment
Advice 
 Effective beginning Plan Year 2014, the Named Fiduciaries have agreed to and entered into an “Eligible Investment Advice
Arrangement” with a “Fiduciary Advisor” who will make available an “Eligible Investment Expert.” The Eligible Investment Expert will offer “Eligible Investment Advice” on a voluntary basis for each Participant.
Each term is defined below. 
 (b) Definitions: 
  

	 	(i)	An Eligible Investment Advice Arrangement means an arrangement that uses either a “fee leveling” or a “computer model,” as defined in 29 CFR Part 2550, Rules and Regulations for Fiduciary
Responsibility Section 2550.408g, and meets the other requirements, as set forth from time to time. 

  
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	 	(ii)	An Eligible Investment Expert means a person or firm that, through employees or otherwise, has the appropriate technical training or experience and proficiency to analyze, determine and certify whether a computer
model meets the requirements of Section 2550.408g (b)(4)(i). 

  

	 	(iii)	Fiduciary Adviser means a person who is a fiduciary of the Plan by reason of the provision of investment advice, as set forth in section 3(21)(A)(ii) of ERISA, by the person to the Participant and
who is— 

 (A) Registered as an investment adviser under the Investment Advisers Act of 1940 (15 U.S.C. 80b–1 et
seq.) or under the laws of the State in which the fiduciary maintains its principal office and place of business, or 
 (B) A bank or
similar financial institution referred to in section 408(b)(4) of ERISA or a savings association (as defined in section 3(b)(1)) of the Federal Deposit Insurance Act (12 U.S.C. 1813(b)(1)), or 

(C) Any other organization that satisfies the requirements set forth in in 29 CFR Part 2550, Rules and Regulations for Fiduciary
Responsibility Section 2550.408g. 
 (c) Written Certification 

Prior to utilization of the computer model, the Fiduciary Adviser shall obtain a Written Certification, from an Eligible Investment Expert
that the computer model meets the applicable requirements. A Written Certification by an Eligible Investment Expert contains, in addition to any other requirements set forth by law, an identification of and an explanation how the methodology or
methodologies are applied in determining whether the computer model meets the requirements. A certification by an Eligible Investment Expert will provide a description of any 

  
 62 

 
limitations that were imposed by any person on the Eligible Investment Expert’s selection or application of methodologies; a representation that the methodology or methodologies were applied
by a person with the educational background, technical training or experience necessary to analyze and determine whether the computer model meets the requirements; a statement certifying that the Eligible Investment Expert has determined that the
computer model meets the requirements; and is signed by the Eligible Investment Expert. 
 (d) Annual Audit 

On no less than an annual basis, the Fiduciary Adviser will engage an independent auditor to conduct an audit of the Investment Advice
Arrangements for compliance with the requirements set forth in the applicable regulations. Within 60 days following its completion, the independent auditor will issue a written report to the Fiduciary Adviser and to the Named Fiduciaries. The
written report will identify the Fiduciary Adviser, indicate the type of arrangement (i.e., fee leveling, computer models, or both), if the arrangement uses computer models, or both computer models and fee leveling, indicate the date of the most
recent computer model certification, and identify the Eligible Investment Expert that provided the certification, and set forth its specific findings regarding compliance of the arrangement with the applicable requirements. 

  
 63 

 ARTICLE VI 

Vesting 
  

	 	6.01	Participant Contributions 

 The amount to the credit of a Participant’s Account
Balance attributable to his or her Pre-Tax Contributions, After-Tax Contributions, Roth Contributions, and Rollover Contributions and TRASOP Account is 100% vested at all times. 

 

	 	6.02	Employer Matching Contributions 

 (a) CECONY Weekly Participant 

The amount to the credit of a CECONY Weekly Participant’s Account Balance attributable to Employer Matching Contributions, including
those allocated to his or her ESOP Account, if applicable, made with respect to any Payroll Period ending in a calendar year (the Contribution Year) shall become 100% vested, subject to Article 8, on the earlier of the last day of the third calendar
year following the close of the Contribution Year or the first day of the month in which the CECONY Weekly Participant completes five Years of Service. Once a CECONY Weekly Participant completes five years of Vesting Service, each Employer
Contribution made on behalf of the CECONY Weekly Participant becomes 100% vested. Effective January 1, 2002, each CECONY Weekly Participant shall be 100% fully vested on the first day of the month in which he or she completes three Years of
Vesting Service. All amounts to the credit of a CECONY Weekly Participant’s Account Balance attributable to Employer Matching Contributions, including those allocated to his or her ESOP Account, not yet vested will become 100% vested upon
attainment of age 65, death, Disability, Retirement or termination of employment by the Company for reasons other than cause. Employer Matching Contributions not yet vested are subject to forfeiture as provided in Section 7.01. 

(b) CECONY Management or CEI Participant 

The amount to the credit of a CECONY Management or CEI Participant’s Account Balance attributable to Employer Matching Contributions,
including those allocated to his or her ESOP Account, if applicable, shall become 100% vested, subject to Article 8, on the first day of the 

  
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calendar month in which the CECONY Management or CEI Participant completes three years of Vesting Service. Once a CECONY Management or CEI Participant completes three years of Vesting Service,
each Employer Contribution made on behalf of the CECONY Management Participant or CEI shall be 100% vested. All amounts to the credit of a CECONY Management or CEI Participant’s Account Balance attributable to Employer Matching Contributions,
including those allocated to his or her ESOP Account, if applicable, not yet vested will become 100% vested upon attainment of age 65, Disability, death, retirement or termination of employment by the Company for reasons other than cause. Employer
Matching Contributions otherwise are subject to forfeiture as provided in Section 7.01. 
 (c) O&R Hourly
Participant 
 An O&R Hourly Participant’s Account Balance is 100% vested at all times. 

(d) O&R Management Participant 

An O&R Management Participant’s Account Balance is 100% vested at all times. Effective January 1, 2013, a newly hired O&R
Management Participant will become 100% vested upon completion of three years of Vesting Service. 
  

	 	6.03	Special Vesting Rules 

 (a) Each person employed at the electric power
generating facilities purchased from Western Massachusetts Electric Company (“WMECO Facilities”) on July 19, 1999, the date of the Closing of the purchase of the WMECO Facilities by a CEI Affiliate, was 100% vested as of July 19,
1999, in his or her Account Balance. 
 (b) Each CECONY Participant at the fossil-fueled electricity generating facilities in
New York City or at the nuclear-fueled electricity generating facilities at Indian Point divested by CECONY (“Divested Operations”) who became employed by the respective buyers of the Divested Operations were 100% vested as of the Date of
the Closing of each Divested Operation. 

  
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 (c) Each person employed at the natural gas fueled electricity generating
facility known as the Lakewood Cogeneration Facility (“Lakewood Plant”) purchased by a CEI Affiliate and who became an Employee of such CEI Affiliate, was 100% vested in his or her Account Balance as of June 1, 2000. 

 

	 	6.04	Employer Compensation Credit Contributions 

 Each Participant who has a Defined
Contribution Pension Subaccount will be vested in such Subaccount in accordance with Section 15.08, below. 

  
 66 

 ARTICLE VII 

Distributions, Withdrawals and Forfeitures 
  

	 	7.01	Voluntary Termination or Termination by the Company - Forfeitures 

 (a)
If a CECONY or CEI Participant’s service is terminated by the Company for cause or if the CECONY or CEI Participant voluntarily terminates his or her service other than by reason of Retirement, at on or after attainment of age 65, or Disability
the non-vested portion of the CECONY or CEI Participant’s Employer Matching Contributions Subaccount, Defined Contribution Pension Subaccount and ESOP Account shall not be forfeited until the CECONY or CEI Participant incurs a five-year Break
in Service. The vested portion of such CECONY or CEI Participant’s Account Balance (including any amount due under any outstanding loan pursuant to Article 9) will be distributed to such CECONY or CEI Participant in accordance with
Section 7.08. Termination of service for cause shall be determined by the Plan Administrator under rules uniformly applied to all CECONY or CEI Participants. If the CECONY Participant is not reemployed by the Company or an Affiliate before he
or she incurs five one-year Breaks in Service or receives a distribution, the non-vested portion of his or her Employer Matching Contributions Subaccount, Defined Contribution Pension Subaccount, and ESOP Account will then be forfeited. 

(b) If an amount to the credit of a Participant’s Employer Matching Contributions Subaccount, Defined Contribution Pension
Subaccount, and ESOP Account has been forfeited in accordance with paragraph (a) above, such amount shall subsequently be restored to his or her Employer Matching Contributions Subaccount, Defined Contribution Pension Subaccount, and ESOP Account by
the Company provided; however, that within five years after his or her reemployment date if he or she makes a lump sum payment to the Trust Fund in cash in an amount equal to that portion of the distribution received which represents the
Participant’s Participating Contributions relating directly to Employer Matching Contributions which were forfeited at the time of distribution. The amount restored will vest in accordance with Section 6.02 as an Employer Matching
Contribution and shall be credited to the Participant’s Employer Matching Contributions Subaccount and ESOP Account. The lump sum payment by the Participant is immediately 100% vested and will be credited to the Participant’s Account
Balance and ESOP Account. 

  
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 (c) If any amounts to be restored to a Participant’s Employer Matching
Contributions Subaccount, Defined Contribution Pension Subaccount, and ESOP Account have been forfeited under paragraph (a) above, those amounts will be taken first from any forfeitures which have not as yet been applied against Employer
Matching Contributions and if any amounts remain to be restored, the Employer will make a special Employer Matching Contribution or Compensation Credit Contribution, as applicable, equal to those amounts. 

(d) A Participant shall elect how to invest the repayment at the time of the repayment. 

 

	 	7.02	Death 

 Upon the death of a Participant, the entire amount to the credit of his or her
Account Balance (including any amount due under any outstanding loan pursuant to Article 9) will be distributed to his or her Beneficiary in accordance with Section 11.03 as soon as practicable after the calendar month in which his or her death
occurs. 
  

	 	7.03	Withdrawals 

 (a) A CECONY or CEI Participant may request an in-service
cash withdrawal from his or her vested Account Balance of amounts other than Pre-Tax Contributions, by making a withdrawal application in such manner and on such conditions as may be prescribed by the Plan Administrator. In-service withdrawals of
Pre-Tax Contributions are restricted, as described herein. Payment of the amount withdrawn will be made as soon as practicable after such application has been completed and processed. Withdrawal requests by CECONY or CEI Participants are permitted
up to four times in any calendar year and only in accordance with the following terms: Withdrawals will be made on an average cost basis within each category below and pro rata from the CECONY or CEI Participant’s

  
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 Account Balance available for withdrawal. A CECONY or CEI Participant may at any time withdraw an
amount up to the entire vested amount to the credit of his or her After-Tax and Employer Contribution Subaccounts, and ESOP Account except that a CECONY Weekly Participant may not withdraw an amount attributable to an Employer Contribution until
December 31st, of the third calendar year – and a CECONY Management Participant or CEI Participant, of the second calendar year — beginning after the calendar month for which the Employer Contribution was made. A CECONY or CEI
Participant will not be permitted to make any such withdrawal amounting to less than $300 unless the maximum amount available under this paragraph is less than $300 in which case the CECONY or CEI Participant will only be permitted to withdraw such
maximum amount. Withdrawals will be made in the following order from a CECONY or CEI Participant’s Account Balance: 
  

	 	(i)	If the CECONY or CEI Participant requests a nontaxable withdrawal: 

  

	 	1.	Non-Participating After-Tax Contributions made before January 1, 1987, excluding any earnings thereon, and 

  

	 	2.	Participating After-Tax Contributions made before January 1, 1987, excluding any earnings thereon. 

  

	 	(ii)	If the CECONY or CEI Participant requests a taxable withdrawal, without incurring a suspension as provided below: 

  

	 	1.	Non-Participating After-Tax Contributions made before January 1, 1987, excluding any earnings thereon; 

  

	 	2.	Participating After-Tax Contributions made before January 1, 1987, excluding any earnings thereon; 

  

	 	3.	Non-Participating After-Tax Contributions made on or after January 1, 1987, including any earnings thereon; 

  

	 	4.	 Participating After-Tax Contributions made on or after January 1, 1987, that have been in the Account for two full calendar years after the year

  
 69 

	 	
contributed for a CECONY Management or CEI Participant and three full calendar years after the year contributed for a CECONY Weekly Participant, including any earnings thereon; 

 

	 	5.	Any earnings attributable to Non-Participating After-Tax Contributions made before January 1, 1987; 

  

	 	6.	Any earnings attributable to Participating After-Tax Contributions made before January 1, 1987; and 

  

	 	7.	Employer Matching Contributions that have not been in the CECONY Weekly Participant’s Account for three, or in a CECONY Management or CEI Participant’s Account for two, full calendar years after the
contribution year, including any earnings thereon. 

  

	 	(iii)	If the CECONY or CEI Participant requests a taxable withdrawal resulting in a suspension as provided below: 

  

	 	1.	Non-Participating After-Tax Contributions made before January 1, 1987, excluding any earnings thereon; 

  

	 	2.	Participating After-Tax Contributions made before January 1, 1987, excluding any earnings thereon; 

  

	 	3.	Non-Participating After-Tax Contributions made on or after January 1, 1987, including any earnings thereon; 

  

	 	4.	Participating After-Tax Contributions made on or after January 1, 1987, including any earnings thereon; 

  

	 	5.	Any earnings attributable to Non-Participating After-Tax Contributions made before January 1, 1987; 

  
 70 

	 	6.	Any earnings attributable to Participating After-Tax Contributions made before January 1, 1987; and 

  

	 	7.	Employer Matching Contributions that have not been in the Account for three full calendar years for a CECONY Weekly Participant and two full calendar years for a CECONY Management or CEI Participant, after the
contribution year, including any earnings thereon. 

 A CECONY or CEI Participant who has withdrawn at least the entire amount
available in his or her After-Tax, Employer Contribution Subaccount and ESOP Account without incurring a suspension may at any time withdraw an amount up to the entire amount to the credit of his or her Rollover Contribution Subaccount. 

A CECONY or CEI Participant who has attained the age of fifty-nine and one-half and who has withdrawn at least the entire vested amount
available for withdrawal in his or her After-Tax Contribution Subaccount, Employer Contribution Subaccount, ESOP Account and Rollover Contribution Subaccount without incurring a suspension, may withdraw an amount up to the entire amount to the
credit of his or her Pre-tax Contribution Subaccount in the following order: 
  

	 	(i)	If the CECONY or CEI Participant requests a withdrawal, without resulting in a suspension: 

  

	 	(ii)	Non-Participating Pre-Tax Contributions, including any earnings thereon, and 

  

	 	(iii)	Participating Pre-Tax Contributions that have been in the Account for three full calendar years for a CECONY Weekly Participant and two full calendar years for a CECONY or CEI Management Participant after the year
contributed, including any earnings thereon. 

  
 71 

	 	(iv)	If the CECONY or CEI Participant requests a withdrawal resulting in a suspension: 

  

	 	(v)	Participating After-Tax Contributions, made on or after January 1, 1987 that have been in the Account for less than three full calendar years for a CECONY Weekly Participant and two full calendar years for a CECONY
or CEI Management Participant after the contribution year, including any earning thereon; 

  

	 	(vi)	Non-Participating Pre-Tax Contributions, including any earnings thereon; and 

  

	 	(vii)	Participating Pre-Tax Contributions including any earnings thereon. 

 A CECONY or CEI
Participant shall not be permitted to make any such withdrawal amounting to less than $300 unless the maximum amount available is less than $300 in which case the CECONY or CEI Participant shall only be permitted to withdraw such maximum amount.

 Notwithstanding the preceding subparagraphs, a CECONY or CEI Participant may not withdraw any amount that would cause his or her Account
Balance to be less than the minimum amount required under Section 9.12. 
 In the event a CECONY or CEI Participant withdraws any
amounts which represent After-Tax Participating Contributions made at any time during the three full calendar years for a CECONY Weekly Participant and two full calendar years for a CECONY or CEI Management Participant, preceding the calendar year
in which the withdrawal is made, the CECONY or CEI 

  
 72 

 
Participant’s right to make any contributions to the Thrift Savings Plan shall be suspended throughout all Payroll Periods commencing during the six full calendar months as soon as
practicable following the withdrawal. To resume contributions following such suspension, the CECONY or CEI Participant must elect on or before such day, in such manner and on such conditions as may be prescribed by the Plan Administrator, to resume
making contributions. 
 (b) An O&R Hourly Participant who has attained the age of fifty-nine and one-half may request an in-service
cash withdrawal. He or she may withdraw all or a portion of his or her Account Balance attributable to Pre-Tax Contributions and Rollover Contributions and income credited thereon (other than any portion of his or her Account Balance attributable to
an outstanding loan balance), except that he or she may not withdraw such amount to the extent that under applicable state law such contributions and/or earnings, whether or not withdrawn, would be subject to state income tax if such O&R Hourly
Participant had the right to withdraw it from his or her Account Balance. Such request may be made only once each twelve-month period and may not be for an amount of less than $500 or the entire amount available for withdrawal. Effective
January 1, 2002, withdrawals may be made up to four times in a year and the minimum amount that may be withdrawn is reduced to $300. 

(c) An O&R Management Participant may request a withdrawal from his or her Account Balance which is attributable to After-Tax
Contributions in such manner and on such conditions as may be prescribed by the Plan Administrator. Additionally, an O&R Management Participant who is at least age fifty-nine and one-half may withdraw during employment all or a portion of his or
her Account Balance which is attributable to Pre-Tax Contributions and Rollover Contributions and income credited thereon (except for any portion of his or her Account Balance attributable to an outstanding loan balance), except that he or she may
not withdraw such amount 

  
 73 

 
to the extent that under applicable state law such contributions and/or earnings, whether or not withdrawn, would be subject to state income tax if such O&R Management Participant had the
right to withdraw it from his or her Account Balance. Such requests may be made only once each twelve month period and may not be for an amount of less than $500 or the entire amount available for withdrawal. Effective January 1, 2002,
withdrawals, when available, may be made up to four times in a year and the minimum amount that may be withdrawn is reduced to $300. Effective January 1, 2013, each O&R Management Participant is afforded the same withdrawal rights as the
withdrawal rights of a CECONY Management Participant. 
 7.04 Hardship Withdrawals 

A Participant may, in the event of hardship, withdraw all or any part of the amount of Pre-Tax Contributions to the credit of the Account
Balance of the Participant (excluding any earnings after December 31, 1998, attributable to Pre-Tax Contributions) in excess of any minimum Account Balance required under Section 9.09. An O&R Participant may also withdraw the income
credited after December 31, 1988, attributable to Transferred Employer PAYSOP Contributions and Rollover Contributions and income attributable to After-Tax Contributions if such income is subject to the restrictions on withdrawal pursuant to
Section 7.03. A Participant may apply for a hardship withdrawal in such manner and on such conditions as may be prescribed by the Plan Administrator. A Participant shall be deemed to have a hardship if the Participant has an immediate and heavy
financial need and if the withdrawal is necessary to satisfy such financial need as set forth below. The Plan Administrator or his or her delegate shall determine whether the Participant satisfies the requirements for a hardship and the amount of
any hardship withdrawal. Any withdrawal under this Section shall be made pro-rata from the Participant’s 

  
 74 

 
balances in the Investment Funds from which withdrawal may be made as provided in Section 7.03. A withdrawal pursuant to this Section 7.04 shall not be subject to the limitations on
number of withdrawals permitted under Section 7.03. 
 (a) Immediate and Heavy Financial Need. A Participant will be
deemed to have an immediate and heavy financial need if the withdrawal is to made on account of any of the following: 
  

	 	(i)	Medical expenses described in Code Section 213(d) previously incurred by the Participant, the Participant’s spouse or any dependent, (as defined in Code Section 152), of the Participant, or expenses
necessary for those persons to obtain medical care described in Code Section 213(d); 

  

	 	(ii)	Costs directly related to the purchase, excluding mortgage payments, of a principal residence for the Participant; 

  

	 	(iii)	Payment of tuition, related educational fees, and room and board expenses for the next twelve-months of post- secondary education for the Participant, or the Participant’s spouse, children or dependents;

  

	 	(iv)	Payment of amounts necessary to prevent the eviction of the Participant from his or her principal residence or to avoid foreclosure on the mortgage of the Participant’s principal residence; 

 

	 	(v)	Payment of funeral expenses for a family member; 

  

	 	(vi)	Any other need added to the foregoing items of deemed immediate and heavy financial needs by the Commissioner of the Internal Revenue Service through the publication of revenue rulings, notices and other documents of
general availability, rather than on an individual basis. 

  

	 	(vii)	A Participant shall not be permitted to make a withdrawal in the event of a hardship on account of any reason other than as set forth above. 

  
 75 

 (b) Necessary to Satisfy Such Need. The requested withdrawal will not be treated
as necessary to satisfy the Participant’s immediate and heavy financial need to the extent that the amount of the requested withdrawal is in excess of the amount required to relieve the financial need or to the extent such need may be satisfied
from other sources that are reasonably available to the Participant. The amount of an immediate and heavy financial need may include any amounts necessary to pay any federal, state or local income taxes or penalties reasonably anticipated to result
from the hardship withdrawal. The Participant must request, on such form or otherwise as the Plan Administrator or his or her delegate may prescribe, that the Plan Administrator or his or her delegate made its determination of the necessity for the
withdrawal solely on the basis of the Participant/s certification, without any supporting documents. In the event the Plan Administrator or his or her delegate shall make such determination provided all of the following requirements are met:
(1) the Participant has obtained all distributions and withdrawals, other than distributions available only on account of hardship, and all nontaxable loans currently available under all plans of the Company and Affiliates, (2) the
Participant is prohibited from making Pre-Tax Contributions and After-Tax Contributions to the Thrift Savings Plan and all other plans of the Company and Affiliates under the terms of such plans or by means of an otherwise legally enforceable
agreement for at least 12 months, or beginning on or after January 1, 2002, six months, after receipt of the distribution, and (3) the limitation described in Section 3.02 under all plans of the Company and Affiliates for the calendar
year following the year in which the distribution is made must be reduced by the Participant’s Pre-Tax Contributions made prior to such distribution in the calendar year of the distribution for hardship. All other plans of the Company and
Affiliates means all qualified and non-qualified plans of deferred compensation maintained by the Company and Affiliates and includes a stock option, stock purchase (including the Company’s Discount Stock Purchase Plan), qualified and
non-qualified deferred compensation plans and such other plans as may be designated under regulations issued under Code Section 401(k), but shall not include health and welfare benefit plans. 

  
 76 

 (c) The Plan Administrator and/or the authorized third party administrator may
adopt hardship distribution administrative procedures consistent with this section and the federal tax laws and promulgated regulations governing “safe harbor hardship distributions.” Additionally, the Plan Administrator may restrict a
hardship distribution to a minimum dollar amount and to no more than a certain number of future hardship distributions within a rolling 12-month period. 

7.05 Distribution from Company Stock Fund 

Where an amount to be distributed pursuant to Section 7.02, 7.03 or 14.10 is represented in part by Units, the distributee may elect, in
such manner and on such conditions as may be prescribed by the Plan Administrator, to have distributed the number of whole Shares represented by such Units, together with an amount of dollars representing the balance of the current value of such
Units. In the absence of such an election, the distribution shall be made entirely in cash. Withdrawals for hardships or loans to be made from the Company Stock Fund shall be made entirely in cash. 

7.06 Leaves of Absence 

If a Participant is granted an unpaid leave of absence by an Employer, such event will not be deemed a termination of service, but such
Participant’s Pre-Tax Contributions, Roth Contributions and After-Tax Contributions under this Thrift Savings Plan will be suspended as of the last day of the Payroll Period in which such leave commences. Such Participant may resume making
Pre-Tax Contributions, Roth Contributions, and After-Tax Contributions, as of a Payroll Period following the termination of such leave of absence, by making a new payroll deduction authorization in such manner and on such conditions as may be
prescribed by the Plan 

  
 77 

 
Administrator. Notwithstanding the preceding sentence, and the provisions of Section 7.04, if a Participant makes a hardship withdrawal while on a leave of absence, any suspension of such
Participant’s right to make Pre-Tax or After-Tax Contributions which shall result from such withdrawal shall begin with the first Payroll Period beginning after such leave of absence. 

7.07 Age 70 1⁄2 Required Distribution 

(a) A Participant who attains age
70 1⁄2 on or after January 1, 2000, shall begin his or her distribution of his or her Account Balance no later than the April 1st following the later
of the calendar year in which he or she attains age 70 1⁄2 or the calendar year in which the Participant terminates employment. In accordance with the Worker,
Retiree, and Employer Recovery Act of 2008, and newly published Code Section 401(a)(9)(H),the minimum required distribution may be waived temporarily for calendar year 2009. 

(b) In the event a Participant in active service was required prior to January 1, 2000 to begin receiving payments while
in service under the provisions of a Prior Plan, the Thrift Savings Plan shall distribute to the Participant in each distribution calendar year the minimum amount required to satisfy the provisions of Code Section 401(a)(9) provided; however,
that the payment for the first distribution calendar year shall be made on or before April 1 of the following calendar year. Such minimum amount will be determined on the basis of the joint life expectancy of the Participant and his or her
Beneficiary. Such life expectancy will be recalculated once each year; however, the life expectancy of the Beneficiary will not be recalculated if the Beneficiary is not the Participant’s spouse. The amount of the withdrawal shall be allocated
among the Investment Funds in proportion to the value of the Account Balance as of the date of each withdrawal. The commencement of payments under this Section shall not constitute an Annuity Starting Date for purposes of Code Sections 72,
401(a)(11) and 417. Upon the Participant’s subsequent termination of employment, payment of the Participant’s Account Balance shall be made in accordance with the provisions of Section 7.08. 

(c) With respect to distributions under the Thrift Savings Plan made in calendar

  
 78 

 
years beginning on or after January 1, 2000, the Thrift Savings Plan will apply the minimum distribution requirements of Code Section 401(a)(9) that were proposed in January 2001,
notwithstanding any provision of the Thrift Savings Plan to the contrary. This amendment shall continue in effect until the end of the last calendar year beginning before the effective date of final regulations under Code Section 401(a)(9) or
such other date specified in guidance published by the Internal Revenue Service. With respect to determining the amount of and the timing for required minimum distributions for calendar years on or after January 1, 2003, the Thrift Savings Plan
will comply with the final regulations under Code Section 401(a)(9) as promulgated on June 15, 2004 and published in the Federal Register as 69 FR 33288 -01. 

7.08 Form and Timing of Distributions 

(a) Timing of Distributions. Upon termination from employment with the Company and any Affiliate service, distributions will be
made as follows: 
  

	 	(i)	if the vested portion of the Participant’s Account Balance equals $5,000, or effective March 28, 2005, $1,000, his or her Account Balance will be distributed in a single lump sum as soon as practicable but not
later than 60 days after the end of the calendar year in which the Participant’s termination from employment occurs; or 

  

	 	(ii)	unless the Participant consents to a distribution upon termination from employment, if the vested portion of the Participant’s Account Balance exceeds $5,000, or effective March 28, 2005, $1,000, distribution
will be deferred until April 1 of the calendar year following the calendar year in which the Participant attains age 70  1⁄2 unless and until, the
Participant elects an earlier distribution under Section 7.08(b). 

  

	 	(iii)	Termination of employment entitling a Participant to a distribution does not occur in the event of a corporate transaction in which there is a transfer of the Account Balances of Participants affected by the corporate
transaction to a plan maintained or created by the affected Participant’s new employer. 

  
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 (b) The Participant may elect an immediate or deferred distribution, subject to
Code Section 401 (a)(9), Article XIV, if applicable, and, in such manner and on such conditions as may be prescribed by the Plan Administrator, in any of the following forms: 

 

	 	(i)	a distribution of the Participant’s Vested Account Balance in a single lump sum; 

  

	 	(ii)	monthly, quarterly or annual periodic installment payments in a fixed dollar amount or fixed percentage amount; or 

  

	 	(iii)	Payments made via a declining balance methodology whereby the vested Account Balance is distributed over a period of time that may not exceed the Participant (or if applicable, his or her beneficiary’s) life
expectancy. A Participant’s life expectancy is determined in the year in which he or she begins his or her distributions based on federally mandated life expectancy tables. 

(c) If a Participant’s distribution is deferred until April 1 of the calendar year following the calendar year in
which the Participant attains again 70 1⁄2, the Participant may elect, in such manner and on such condition s as may be presented by the Plan administrator;

  

	 	(i)	a distribution in a single lump sum, or 

  

	 	(ii)	a distribution in the required minimum amounts and over the applicable distribution period prescribed under the Code’s minimum distribution rules. If the Participant fails to make an election, the distribution
shall be made in a single lump sum; 

 (d) Any distribution of less than all of a Participant’s Vested
Account Balance shall be made pro-rata from the Investment Funds in which the Account Balance in invested. 

  
 80 

 7.09 Proof of Death and Right of Beneficiary or Other Person 

The Plan Administrator may require and rely upon such proof of death and such evidence of the right of any Beneficiary or other person to
receive the value of the vested Account Balance of a deceased Participant as the Plan Administrator may deem proper, and his or her determination of the right of that Beneficiary or other person to receive payment will be conclusive. 

7.10 Distribution Limitation 

Notwithstanding any other provision of this Article 7, all distributions from this Thrift Savings Plan shall conform to the regulations issued
under Code Section 401(a)(9), including the incidental death benefit provisions of Code Section 401(a)(9)(G). Such regulations override any Thrift Savings Plan provision that is inconsistent with Code Section 401(a)(9). 

  
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 7.11 Direct Rollover of Certain Distributions 

Notwithstanding any provision of the Thrift Savings Plan to the contrary that would otherwise limit a Distributee’s election under this
Section, a Distributee may elect, in such manner and on such conditions as may be 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. The following definitions apply to the terms used in this Section: 
 (a) Eligible Rollover
Distribution means any distribution of all or any portion of the balance to the credit of the Distributee. An Eligible Rollover Distribution does not include any distribution that is one of a series of substantially equal periodic payments (not less
frequently than annually) 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
or any distribution to the extent such distribution is required under Code Section 401(a)(9). Any amount that is distributed on account of hardship is not an Eligible Rollover Distribution. The Distributee may not elect to have any portion of a
hardship distribution paid directly to an Eligible Retirement Plan. Effective beginning January 1, 2002, a distribution does not fail to be an Eligible Rollover Distribution solely because it includes after-tax employee contributions that are
not includible in gross income. The portion attributable to after-tax contributions may be transferred only to an individual retirement account or annuity described in Code Section 408(a) or (b), or to a qualified defined contribution plan
described in Code Section 401(a) or 403(a) that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such
distribution which is not so includible. 
 (b) Eligible Retirement Plan means an individual retirement account described in
Code Section 408(a), an individual retirement annuity described in Code Section 408(b), an annuity plan described in Code Section 403(a), or a qualified trust described in Code Section 401(a) that is a defined contribution plan,
that accepts the Distributee’s Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.
Effective January 1, 2002, Eligible Retirement Plan also means an annuity plan described in Code Section 403(a) or Code Section 403(b), and an eligible plan under Code Section 457(b) maintained by a political subdivision of a
state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, including separately accounting for the portion of such distribution
that is includible in gross income and the portion of such distribution that is not so includible. 

  
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 (c) Distributee means an Employee, former employee, the surviving spouse of the
Employee or Former Employee, spouse or former spouse of an Employee or Former Employee who is the alternate payee under a qualified domestic relations order as defined in Code Section 414(p), are Distributees. 

(d) Direct rollover means a payment by the Thrift Savings Plan to the Eligible Retirement Plan specified by the Distributee.

 (e) Effective as of March 28, 2005, this Thrift Savings Plan does not provide for mandatory distributions in any
amount that exceeds $1,000. However in the unlikely event a distribution in excess of $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. 
 (f) Effective for distributions on and after March 4, 2008, the
term “Distributee” means an individual who is a designated beneficiary of the Participant and is not the surviving spouse of the Participant. If, with respect to any portion of a distribution from the Thrift Savings Plan of a deceased
Participant, a direct trustee –to –trustee transfer is made to an individual retirement plan established for the purpose of receiving the distribution on behalf of an individual who is a designated beneficiary but not the surviving spouse
of the Participant then this provision applies. In accordance with the changes made by the Pension Protection Act of 2006, first, the transfer will be treated as an eligible rollover distribution for purposes of IRC Section 402(c)(11). Second,
the individual retirement plan will be treated as an inherited individual retirement account or annuity. Third, IRC Section 401(a)(9)(B) (other than clause (iv)) will apply to the individual retirement plan. 

(g) If the Internal Revenue Code or Treasury Regulations promulgated under IRC Section 401(a)(9) is subsequently amended,
changed or modified, this Section 7.11(g) will be operated and administered in accordance with any future amendments, changes or modifications. 

  
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 7.12 Qualified Distribution from a Designated Roth Subaccount 

(a) Qualified Distribution 

A Participant may request a “Qualified Distribution,” of her or his Roth Subaccount. A Qualified Distribution means a distribution
of a Participant’ Roth Subaccount after a 5-Taxable-Year Period Of Participation and made on or after the date the Participant attains age 59 1⁄2, after
her or his death, or is attributable to her or his becoming Disabled. 
 (b) Distribution to Beneficiary 

If the distribution of a Roth Subaccount is made to an alternate payee or Beneficiary, it is the age, death, or disability of the Participant
that is used to determine whether it is a Qualified Distribution. However, if the alternate payee or surviving spouse rolls over the distribution to his or her own employer’s designated Roth account, it is her or his own age, death, or
disability that is used to determine whether it is a Qualified Distribution. 
 (c) 5-Taxable-Year Period Of Participation

 The 5-Taxable-Year Period Of Participation begins on the first day of the taxable year for which the Participant first made a Roth
Contribution. The period ends when five consecutive taxable years have passed. If he or she is a reemployed veteran making a Roth Contribution, the Roth Contribution is treated as made in the taxable year of qualified military service that he or she
designates as the year to which the contributions relate. 

  
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 (d) Distributions that are not Qualified Distributions 

The following distributions from a Roth Subaccount are not Qualified Distributions or eligible rollover distributions and must include any
earnings paid out in gross income: 
  

	 	(i)	Corrective distributions of elective deferrals in excess of the IRC Section 415 limits or 100% of earnings; 

  

	 	(ii)	Corrective distributions of excess deferrals under §402(g); 

  

	 	(iii)	Corrective distributions of excess contributions or excess aggregate contributions; or 

  

	 	(iv)	Deemed distributions under IRC Section 72(p). 

  
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 ARTICLE VIII 

Non-Discrimination and Limitation 

8.01 Actual Deferral Percentage Test 

(a) Separate Testing Groups. Solely for purposes of determining whether the Thrift Savings Plan satisfies the Average ADP
tests, the Thrift Savings Plan will be tested as if it were four separate plans (“Testing Plan”): (1) a Thrift Savings Plan covering CECONY Management Employees, O&R Management Employees and CEI Employees (“Management
Employees”), (2) a Testing Plan covering O&R Hourly Employees(“O&RU”), (3) a Thrift Savings Plan covering Local 1-2 Employees (“Local 1-2U”) and, (4) a Thrift Savings Plan covering Local 3 Employees
(“Local 3U”). Each employee in the O&RU, Local 1-2U, and Local 3U is referred to as a “Union Employee.” Solely for purposes of determining whether a Testing Plan satisfies the ADP test (“ADP Test”), an Employee who
is under age 21 or has less than one Year of Service is not taken into account as an Eligible Employee. 
 (b) The Average
ADP for both Highly Compensated Management Employees (“HCMEs”) and for Highly Compensated Union Employees (“HCUEs”), respectively, who are, or are eligible to become, Participants may not exceed the greater of: 

 

	 	(i)	the Average ADP for Non-Highly Compensated Management Employees (“NHCMEs”) or Non-Highly Compensation Union Employees (“NHCUEs”), respectively, who are, or eligible to become, Participants multiplied
by 1.25; or 

  

	 	(ii)	the Average Actual Deferral Percentage for HCMEs or HCUEs, respectively, multiplied by 2.0, but not more than 2 percentage points in excess of the Average Actual Deferral Percentage for the NHCMEs or NHCUEs,
respectively. 

  
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 (c) During a Plan Year, the Plan Administrator may implement rules limiting the
Pre-Tax Contributions or Roth Contributions which may be made on behalf of some or all of either the HCMEs or HCUEs so that this limitation is satisfied. If the Plan Administrator determines that the limitation has been exceeded in any Plan Year,
the following provisions apply: 
  

	 	(i)	The amount of Pre-Tax Contributions, Roth Contributions made by either the HCMEs or HCUEs, as applicable, will be reduced by a leveling process under which the Pre-Tax Contributions of the HCME or HCUE, as applicable,
with the highest dollar amount of Pre-Tax Contributions shall be reduced to the extent necessary to completely eliminate the excess Pre-Tax Contribution or cause such Pre-Tax Contributions to equal the amount of such contributions of the HCME or
HCUE, as applicable, with the next highest dollar amount of Pre-Tax Contribution. This process will be repeated until the excess Pre-Tax Contribution is eliminated. Effective for Plan Years beginning after December 31, 1996, excess Pre-Tax
Contributions is determined using the “ratio leveling” method and distributed using the “dollar leveling” method. Accordingly, excess Pre-Tax Contributions are allocated to the HCME or HCUE with the largest amounts of Employer
Matching Contributions taken into account in calculating the ADP test for the year in which the excess arose, beginning with the HCME or HCUE with the largest amount of such employer contributions and continuing in descending order until all the
Excess Pre-Tax Contributions have been allocated. The largest amount is determined after distribution of any excess contributions. 

  

	 	(ii)	 Excess Pre-Tax Contributions, together with Earnings, will be paid to the Participant before the close of the Plan Year following the Plan Year in
which the excess Pre-Tax Contributions were made and, to the extent practicable, 

  
 87 

	 	
within 2 1⁄2 months of the close of the Plan Year in which the Excess Pre-Tax Contributions were made.
However, any Excess Pre-Tax Contributions for any Plan Year will be reduced by any Pre-Tax Contributions previously returned to the Participant for that Plan Year. If any returned Excess Pre-Tax Contributions were matched by Employer Matching
Contributions, such corresponding Employer Matching Contributions, with Earnings will be forfeited and used to reduce Employer Matching Contributions. The Participant, other than an O&R HCUE, may elect, in lieu of a return of the Excess Pre-Tax
Contributions to have the Thrift Savings Plan treat all or a portion of the Excess Pre-Tax Contributions to the Thrift Savings Plan as After-Tax Contributions for the Plan Year in which the Excess Pre-Tax Contributions were made, subject to the
limitations of Section 3.01. Re-characterized Excess Pre-Tax Contributions shall be considered After-Tax Contributions made in the Plan Year to which the Excess Pre-Tax Contributions relate for purposes of Section 8.02 and shall be subject
to the withdrawal provisions applicable to After-Tax Contributions under Article 7. The Participant’s election to re-characterize Excess Pre-Tax Contributions shall be made within 2 1⁄2 months of the close of the Plan Year in which the Excess Pre-Tax Contributions were made or within such shorter period as the Plan Administrator may prescribe. In the absence of a timely election by the
Participant, the Thrift Savings Plan shall return Excess Pre-Tax Contributions. 

 The multiple use test described in Treasury
Regulation Section 1.401(m)-2 will not apply for Plan Years beginning after December 31, 2001. 

  
 88 

 8.02 Actual Contribution Percentage Test 

(a) Solely for purposes of determining whether the Thrift Savings Plan satisfies the Average Contribution Percentage test, the
Thrift Savings Plan will not test Union Employees. The Thrift Savings Plan will test only the Management Employees. 
 (b)
The Average Contribution Percentage for HCMEs who are, or eligible to become, Participants may not exceed the Average Contribution Percentage of NHCMEs who are, or are eligible to become, Participants multiplied by 1.25. If the Average Contribution
Percentage for the HCMEs does not meet the foregoing test, the Average Contribution Percentage for HCMEs may not exceed the Average Actual Contribution Percentage of NHCMEs who are, or eligible to become, Participants by more than two percentage
points, and the Average Contribution Percentage for HCMEs may not be more than 2.0 times the Average Contribution Percentage for NHCMEs (or such lesser amount as the Plan Administrator shall determine to satisfy the provisions of Section 8.03).
During a Plan Year, the Plan Administrator may implement rules limiting the After-Tax Contributions which may be made by some or all HCMEs so that this limitation is satisfied. If the Plan Administrator determines that the limitation under this
Section 8.02 has been exceeded in any Plan Year, the following provisions shall apply: 
  

	 	(i)	The amount of After-Tax Contributions and Employer Matching Contributions made by or on behalf of some or all HCMEs in the Plan Year shall be reduced in the same leveling manner as Excess Pre-Tax Contributions are
reduced. 

  

	 	(ii)	Any Excess Aggregate Contributions will be reduced and allocated in the following order: 

  

	 	(iii)	Non-Participating After-Tax Contributions, to the extent of the Excess Aggregate Contributions, will be paid to the Participant; and then, if necessary, 

 

	 	(iv)	 so much of the Participating After-Tax Contributions and corresponding Employer Matching Contributions, as is necessary to meet the test will be

  
 89 

	 	
reduced, with the After-Tax Contributions, together with Earnings, being paid to the Participant and the Employer Matching Contributions, together with Earnings, being reduced, with vested
Employer Matching Contributions being paid to the Participant and Employer Matching Contributions which are forfeitable under the Thrift Savings Plan being forfeited and applied to reduce Employer Matching Contributions; then if necessary,

  

	 	(v)	so much of the Employer Matching Contributions, together with Earnings, as is necessary to equal the balance of the Excess Aggregate Contributions will be reduced, with vested Employer Matching Contributions being paid
to the Participant and Employer Matching Contributions which are forfeitable under the Thrift Savings Plan being forfeited and applied to reduce Employer Matching Contributions. 

(c) Any repayment or forfeiture of Excess Aggregate Contributions will be made before the close of the Plan Year following the
Plan Year for which the Excess Aggregate Contributions were made and, to the extent practicable, any repayments or forfeiture will be made within 2 1⁄2 months
of the close of the Plan Year in which the Excess Aggregate Contributions were made. The multiple use test described in Treasury Regulation Section 1.401(m)-2 will not apply for Plan Years beginning after December 31, 2001. 

8.03 Separate Non-Discrimination Testing 

Effective for Plan Years beginning on and after January 1, 2002, solely for purposes of determining whether the Thrift Plan and the ESOP
satisfy the Average Actual Deferral Percentage Test and the Average Contribution Percentage all Employer Matching Contributions allocated to the Company Stock Fund are treated as contributions to the ESOP and tested separately. 

8.04 Maximum Annual Additions 

(a) Except to the extent permitting Catch-Up Contributions in accordance with Code Section 414(v), the annual addition to
a Participant’s Account Balance for any Plan 

  
 90 

 
Year, (the “Limitation Year”) when added to the Participant’s annual addition for the Limitation Year under any other qualified defined contribution plan of the Company or an
Affiliate, may not exceed the lesser of (1) 25% or, for Plan Years beginning on January 1, 2002, 100%, of his or her Compensation for the Plan Year or (2) the greater of $30,000 or, for Plan Years beginning on January 1, 2002,
$40,000, and on January 1, 2009, $49,000, each as adjusted for increases in the Cost-Of-Living Adjustment. All contributions to the Thrift Savings Plan are subject to the applicable limits set forth in this provision and all other applicable
provisions under Code Sections 401(k), 401(m), 402(g), 404, and 415. 
 (b) For purposes of this Section, the annual addition
to a Participant’s Account Balance under this Plan or any other qualified defined contribution plan maintained by the Company or an Affiliate will be the sum of: 
  

	 	(i)	the total contributions, including Pre-Tax Contributions, made on the Participant’s behalf by each Employer and all Affiliates, 

 

	 	(ii)	all After-Tax Contributions, exclusive of any Rollover Contributions, 

  

	 	(iii)	all Employer Matching Contributions; and 

  

	 	(iv)	forfeitures, if applicable, that have been allocated to the Participant’s Account Balance under this Plan or his or her accounts under any other such qualified defined contribution plan. Any Pre-Tax Contributions
distributed under Section 8.01 and any Employer Matching Contributions or After-Tax Contributions distributed or forfeited under the provisions of Section 3.01, 8.01, 8.02 or 8.03 shall be included in the annual addition for the year
allocated. 

 (c) If the annual addition to a Participant’s Account Balance for any Plan Year, prior to
the application of the limitation set forth in paragraph (a) above, exceeds that limitation due to a reasonable error in estimating a Participant’s Compensation or in determining the amount of Pre-Tax Contributions that may be made with
respect to a 

  
 91 

 
Participant under Code Section 415, or as the result of the allocation of forfeitures, the amount of contributions credited to the Participant’s Account Balance in that Plan Year shall
be adjusted to the extent necessary to satisfy that limitation in accordance with the following order of priority: 
  

	 	(i)	The Participant’s Non-Participating After-Tax Contributions shall be reduced to the extent necessary. The amount of the reduction shall be returned to the Participant, together with any earnings on the
contributions to be returned. 

  

	 	(ii)	The Participant’s Non-Participating Pre-Tax Contributions shall be reduced to the extent necessary. The amount of the reduction shall be returned to the Participant, together with any earnings on the contributions
to be returned. 

  

	 	(iii)	The Participant’s Participating After-Tax Contributions and corresponding Employer Matching Contributions shall be reduced to the extent necessary. The amount of the reduction attributable to the Participant’s
Participating After-Tax Contributions shall be returned to the Participant, together with any earnings on those contributions to be returned, and the amount attributable to the Employer Matching Contributions shall be forfeited and used to reduce
subsequent contributions payable by the affected Employer. 

  

	 	(iv)	The Participant’s Participating Pre-Tax Contributions and corresponding Employer Matching Contributions shall be reduced to the extent necessary. The amount of the reduction attributable to the Participant’s
Participating Pre-Tax Contributions shall be returned to the Participant, together with any earnings on those contributions to be returned, and the amount attributable to the Employer Matching Contributions shall be forfeited and used to reduce
subsequent contributions payable by the affected Employer. 

  
 92 

 (d) Any Pre-Tax Contributions returned to a Participant under this paragraph
(d) shall be disregarded in applying the dollar limitation of Pre-Tax Contributions under Section 3.01(b), and in performing the Actual Deferral Percentage Test under Section 8.01. Any After-Tax Contributions returned shall be
disregarded in performing the Actual Contribution Percentage Test under Section 8.02. 

  
 93 

 ARTICLE IX 

Loans 
 9.01
Loans Permitted 
 Upon terms and conditions set forth in this Article 9, and in accordance with such uniform rules as the Plan
Administrator may adopt, a Participant who is not on a leave of absence and remains on the active payroll may borrow from his or her Account Balance. The Plan Administrator or his or her delegate is authorized to administer the loan program under
this Article 9. Any Participant who is an Employee, a former Employee, or a Beneficiary of an O&R Participant, and who is also a “party-in-interest” (as defined in Section 3(14) of ERISA) to the Thrift Savings Plan, may borrow
from his or her Account Balance. 
 9.02 Amount of Loans 

The minimum amount of any loan is $1,000 for a CECONY or CEI Participant and $500 for an O&R Participant. Effective January 1, 2002,
the minimum amount of a loan for a CECONY or CEI Participant will be $500. The amount of any loan to a Participant may not exceed the lesser of (a) or (b), where (a) is $50,000 reduced by the excess (if any) of (i) the highest
outstanding balance of loans to the Participant from the Thrift Savings Plan during the one-year period ending on the day before the date on which such loan is made, over (ii) the outstanding balance of loans to the Participant from the Thrift
Savings Plan on the date on which such loan is made, and (b) is one-half of the vested portion of the Participant’s Account Balance. Outstanding balance of loans means the outstanding amount of all loans from the Thrift Savings Plan and
any other qualified plans of the Company or an Affiliate. 

  
 94 

 Effective February 1, 2007, as to any new loan applications made by a CECONY Management or
CEI Participant, he or she may not have more than two loans outstanding at any time. 
 9.03 Source of Loans 

(a) Funds for loans from a Participant’s Account Balance shall be taken from the Participant’s Subaccounts in the
following order: 
  

	 	(i)	For a CECONY Participant: 

  

	 	(ii)	Non-Participating Pre-Tax Contributions and Earnings; 

  

	 	(iii)	Participating Pre-Tax Contributions and Earnings; 

  

	 	(iv)	Rollover Contributions and Earnings; 

  

	 	(v)	Vested Employer Matching Contributions and Earnings that have been in the Account Balance for three full calendar years for a CECONY Weekly Participant and two full calendar years for a CECONY or CEI Management
Participant after the contribution year and Earnings; 

  

	 	(vi)	Non-Participating After-Tax Contributions and Earnings; and 

  

	 	(vii)	Participating After-Tax Contributions and Earnings. 

  

	 	(viii)	For an O&R Participant: 

  

	 	(ix)	Pre-Tax Contributions and Earnings; 

  

	 	(x)	Rollover Contributions and Earnings; and 

  

	 	(xi)	After-tax Contributions and Earnings. 

 (b) No loan will be made from a
Subaccount or a part of a Subaccount until the entire balance in the Subaccount or part of the Subaccount preceding it on the above list has been exhausted. Within each Subaccount or part thereof, funds for loans will be taken on an average cost
basis and pro-rata from each Investment Fund within the Subaccount or part of the Subaccount, and such pro-rata portion of each Investment Fund will be converted to cash for the loan based upon the market value of the investment on the date of
conversion. 

  
 95 

 9.04 Interest Rate 

The interest rate to be charged on loans will be a reasonable rate of interest determined from time to time by the Plan Administrator. In
determining such rate the Plan Administrator seeks to provide to the Plan a rate of return commensurate with the interest rates charged by persons in the business of lending money for loans that would be made under similar circumstances on the date
the loan is approved. The interest rate will be fixed for the entire term of the loan. 
 Effective for loans originating before
January 1, 2001, the interest rate to be charged to an O&R Participant is the effective interest rate charged by the Orange and Rockland Employees’ Federal Credit Union for a 48 month share-secured loan. The interest rate to be charged
for a principal residence loan to an O&R Management Participant will be based upon Federal National Mortgage Association mortgage rates. Effective for loans originating after January 1, 2001, the interest rate to be charged to an O&R
Participant will be the same interest rate applicable to a CECONY Participant. 
 9.05 Repayment 

The Participant may select a period of one, two, three, four or five years for repayment of a loan, except that the Participant may, at his or
her option, select a longer period of whole years, not exceeding ten, (20 in the case of an O&R Management Participant) for repayment of a loan for the purpose of purchasing his or her principal residence. Repayment will be made by level
payments, not less frequently than quarterly, in such amount as shall be sufficient to pay the 

  
 96 

 
principal and interest thereon over the period for repayment. Repayment shall be made by payroll deductions, except that in the case of a Participant who is not on the active payroll, repayments
may continue to be made by check or other similar means as the Plan Administrator shall determine. Prepayment by a CECONY Weekly Participant of a loan in full, without penalty, may be made only after 52 weekly payments have been made. Prepayment by
an O&R Participant of a loan in full, without penalty, and prepayment by a CECONY Management or CEI Participant of a loan in full or in part, without penalty, may be made at any time by personal check or money order. The amount of each loan
payment shall be placed into the Investment Funds, except the Company Stock Fund, in accordance with the most recent investment election made by the Participant with respect to the Participant’s Contributions. Notwithstanding the foregoing, a
loan which is made to a Participant who is an Employee shall become due and payable in full upon the Employee’s termination of employment; provided, however, that if a Participant becomes an employee of a buyer or one of its affiliates
following the sale of the Company’s or an Affiliate’s assets, and if the Participant’s Account is transferred to a qualified plan maintained by the buyer or one of its affiliates (the “Buyer’s Plan”), any outstanding
loan at his or her termination of employment with the Company will not be due and payable in full at termination but will instead be transferred to the Buyer’s Plan. 

Effective January 1, 2013, an O&R Participant may select a longer period of whole years, not exceeding ten, for repayment of a loan
for the purpose of purchasing his or her principal residence. 

  
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 9.06 Multiple Loans 

A CECONY Weekly Participant may not have more than one loan outstanding at a time. A CECONY Management or CEI Participant may not have more
than one loan granted in a calendar year unless all earlier loans made in the same calendar year to the Participant shall have been repaid in full. An O&R Participant may not have more than one loan outstanding at any time and may make a request
for a loan only once in a twelve month period. Effective January 1, 2013, as to any new loan applications made by an O&R Participant, he or she may not have more than two loans outstanding at any time. 

9.07 Pledge 
 The vested
portion of the Participant’s Account Balance shall be pledged as security for all loans to the Participant. The amount pledged shall not be greater than fifty percent of the Participant’s vested portion. If a default occurs in the
repayment of a loan, the entire unpaid principal balance plus accrued interest, if any: (i) will be charged, when the Participant becomes eligible to receive a distribution, against that portion of the Participant’s vested portion which
serves as security for the loan; (ii) will be deducted, if a distribution is to made, from the amount payable to the Participant or the Participant’s Beneficiary; or (iii) if neither (i) nor (ii) applies, will continue to
encumber that portion of the Participant’s vested portion that serves as security for the loan. 
 9.08 Loan Reserve 

The amount of each loan to a Participant will be transferred from the portion of the Trust Fund held for the Participant’s Account
Balance and invested pursuant to Section 5.02 to a special 

  
 98 

 
Loan Reserve maintained for such Participant’s Account Balance. Such Loan Reserve will be invested solely in the loan or loans made to the Participant. Payments on any such loan will reduce
the Participant’s Loan Reserve and will be reinvested for the Participant’s Account Balance in accordance with Section 9.05. 

9.09 Minimum Account Balance 

So long as any amount of a loan remains outstanding to a Participant, the Participant may not make any withdrawal from his or her Account
Balance that would reduce the value of his or her vested portion to less than his or her Loan Reserve. 
 9.10 Other Terms 

Each loan will be evidenced by a promissory note payable to the Trustee. The terms and conditions of any loan may be adjusted at any time, to
the extent determined by the Plan Administrator, to be necessary for compliance with law or to maintain the qualification of the Plan under the Code. 

  
 99 

 ARTICLE X 

Administration of the Plan, ESOP and TRASOP 

10.01 Named Fiduciaries and Plan Administrator of Plan ESOP and TRASOP 

The following persons from time to time occupying the following offices of CECONY are hereby designated as Named Fiduciaries: Chief Executive
Officer, Chief Financial Officer, and Chief Accounting Officer. CECONY may designate other persons who, upon acceptance of such designation, shall serve as Named Fiduciaries either instead of or in addition to those named above. Any such designation
and acceptance shall be in writing and retained by the Plan Administrator. The Named Fiduciaries shall act by majority rule. The Named Fiduciaries shall appoint from among the officers of CECONY a Plan Administrator who shall serve at the discretion
of the Named Fiduciaries. The Plan Administrator shall serve without compensation for his or her services as such and shall act solely in the interest of the Participants and their Beneficiaries. 

Effective as of February 14, 2012, the Board of Trustees approved (1) increasing the size of the Named Fiduciaries from three to
five persons; (2) removing, by title, the Chief Executive Officer as a Named Fiduciary; (3) renaming the Named Fiduciaries to the Named Fiduciary Committee; and (4) by adding by title, the “Vice President – Human
Resources,” or any successor title/position as a Named Fiduciary. The Board of Trustees also approved the delegation to the Chief Executive Officer to take action on behalf of CECONY, including the designation of other persons who, upon
acceptance of such designation, will serve as a Named Fiduciary in addition to those holding the aforementioned offices. 

  
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 Solely in this Article X, the term Plan includes the Thrift Savings Plan, the ESOP and the TRASOP
unless the context clearly designates otherwise. 
 10.02 Authority of Plan Administrator 

The Plan Administrator has the discretionary authority to control and manage the operation and administration of the Plan, including the
Defined Contribution Pension Formula provisions, the ESOP and TRASOP and, without limiting the generality of the foregoing, shall interpret the Plan, including the Defined Contribution Pension Formula provisions, and the ESOP, determine eligibility
for benefits under the Plan, determine any facts or resolve any questions relevant to the administration of the Plan, including the Defined Contribution Pension Formula provisions, and the ESOP, and TRASOP and, in connection therewith, may remedy
and correct any ambiguities, inconsistencies, or omissions in the Plan, including the Defined Contribution Pension Formula provisions, and the ESOP and TRASOP. Any such action taken by the Plan Administrator shall be conclusive and binding on all
Participants, ESOP Participant, Beneficiaries and other persons. The Plan Administrator is authorized to make any changes to the Plan, including the Defined Contribution Pension Formula provisions, and the ESOP and TRASOP that he or she, in his or
her sole discretion, determines are necessary or desirable to carry out (a) the transition to Vanguard Fiduciary Trust Company as Trustee, Record Keeper and Investment Manager for the O&R Hourly Plan and the O&R Management Plan,
(b) the addition of new Investment Funds, (c) the merger of the CECONY Management Plan, the O&R Hourly Plan and O&R Management Plan into this Plan, ESOP and TRASOP, and (d) to make any other changes to facilitate
administration of the Plan, including the Defined Contribution Pension Formula provisions, and the ESOP and TRASOP. 

  
 101 

 The Plan Administrator also has the authority to adopt certain amendments to the Plan, including
the Defined Contribution Pension Formula provisions, and the ESOP and TRASOP, 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 Account Balance of any Participant. 

10.03 Reliance on Reports 

The Named Fiduciaries and the Plan Administrator are entitled to rely upon any opinions, reports, or other advice that will be furnished by
specialists, subject to fiduciary responsibilities imposed by ERISA. 
 10.04 Delegation of Authority 

With approval of the Named Fiduciaries, the Plan Administrator may designate one or more persons to exercise any power, or perform any duty,
of the Plan Administrator. Any such designation will be in writing and signed by the Plan Administrator and the Named Fiduciaries and a copy thereof will be delivered to the Trustee. 

10.05 Administration Expenses 

All expenses arising in connection with the operation and administration of the Plan will be paid by the Plan, ESOP or TRASOP, as applicable.

  
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 The expenses of administration of the TRASOP shall include, without limitation, transfer taxes,
postage, brokerage commissions and other direct selling expenses incurred by the Trustee in the sale of Shares pursuant to Article XIII, losses incurred by the Trustee on funds invested pursuant to Article XIII, and fees of the Trustee in connection
with the administration of TRASOP, including fees for legal services rendered to the Trustee (whether or not rendered in connection with a judicial or administrative proceeding and whether or not incurred while it is acting as Trustee), but shall
excludes brokerage fees and commissions for purchases of Shares pursuant to Section 13.02, which brokerage fees and commissions shall be paid out of the dividends being reinvested thereby. Such expenses of administration of TRASOP will, to the
extent permitted by law, be paid: 
  

	 	(i)	first, out of any available income of TRASOP; 

  

	 	(ii)	second, out of any available dividends received by the Trustee on Shares allocated to Participants pursuant to Section 13.02, which dividends have not then been applied to the purchase of additional Shares pursuant
to Section 13.02; and 

  

	 	(iii)	Third, by CECONY. 

 In no event shall the amounts paid by the Trustee during such Plan Year
pursuant to clauses “first” and “second” above, exceed the smaller of: the sum of (x)10 percent of the first $100,000 and (y) 5 percent of an amount in excess of $100,000 of the income from dividends paid to the Trustee with
respect to common stock of the Company during such Plan Year or $100,000. 
 10.06 Fiduciary Insurance 

The Employers may purchase and carry fiduciary responsibility insurance under which each member of the Board, each Named Fiduciary, the Plan
Administrator, and any person, including 

  
 103 

 
each employee, to whom there may be delegated any responsibility in connection with the administration of the Plan, including the Trustee, will be indemnified against any cost or expense
(including counsel’s fees) or liability which may be incurred arising out of any act or failure to act in the administration of this Plan, except for gross negligence or willful misconduct. 

10.07 Claim Review 

(a) Upon receipt from a Participant or Beneficiary of an initial claim for benefits, the Plan Administrator shall respond in
writing and deliver or mail to the Participant or Beneficiary within 90 days following the date on which the initial claim is filed. If the initial claim is denied, in part or totally, the Plan Administrator shall set forth the specific reasons for
the denial, written in a plain and understandable manner, with specific reference to pertinent Plan, ESOP and TRASOP provisions on which the denial is based, a description of any additional material or information necessary for the claimant to
perfect the claim, an explanation of why such material or information is necessary, and an explanation of the Plan’s ESOP and TRASOP claim review procedure. If special circumstances require an extension of time for processing the claim, written
notice of an extension shall be furnished to the claimant prior to the end of the initial period of 90 days following the date on which the claim was filed. Such an extension may not exceed a period of 90 days beyond the end of the initial period.
If the claim has not been granted, and if written notice of the denial of the claim is not furnished within 90 days following the date on which the claim is filed, the claim shall be deemed denied for the purpose of proceeding to the claim review
procedure. 
 (b) Claim Review Procedure. A Participant, Beneficiary, or the authorized representative of either shall have
60 days after receipt of written notification of denial of a claim to request a review of the denial by making written request to the Plan Administrator. The Plan Administrator shall give the Participant, Beneficiary, or the authorized
representative of either an opportunity to appear to review pertinent documents, to submit issues and comments in writing, and to present evidence supporting 

  
 104 

 
the claim. Not later than 60 days after receipt of the request for review, the Plan Administrator shall render and furnish to the claimant a written decision which shall include specific reasons
for the decision, and shall make specific references to pertinent Plan provisions on which it is based. If special circumstances require an extension of time for processing, the decision shall be rendered as soon as possible, but not later than 120
days after receipt of the request for review, provided that written notice and explanation of the delay are given to the claimant prior to commencement of the extension. Such decision by the Plan Administrator shall not be subject to further review.
If a decision on review is not furnished to a claimant within the specified time period, the claim will be deemed to have been denied on review. 

(c) Exhaustion of Remedy. No claimant shall institute any action or proceeding in any state or federal court of law or equity,
or before any administrative tribunal or arbitrator, for a claim for benefits under the Plan until he or she has first exhausted the procedures set forth in this section. 

10.08 Appointment of Trustee 

The Trustee will be appointed by the Board. 

10.09 Limitation of Liability 

The Company, the Board, the Named Fiduciaries, the Plan Administrator, the Employers and any officer, Employee or agent of the Company and
each Employer shall not incur any liability individually or on behalf of any other individuals or on behalf of the Company or Employers for any act or failure to act, made in good faith in relation to the Plan or the funds of the Plan. However, this
limitation shall not act to relieve any such individual or the Company or Employers from a responsibility or liability for any fiduciary responsibility, obligation or duty under Part 4, Title I, of ERISA. 

  
 105 

 ARTICLE XI 

Miscellaneous 

11.01 Exclusive Benefit - Amendments 

It shall be impossible for any part of the corpus or income of the Trust Fund, ESOP Trust Fund or the TRASOP Trust Fund to be used for or
diverted to purposes other than for the exclusive benefit of Participants or Beneficiaries entitled to benefits under the Plan and for paying the expenses of the Plan. No person has any interest in, or right to, any part of the Trust Fund except as
and to the extent expressly provided in the Plan. Subject to the foregoing, the Plan may be amended, in whole or in part, at any time and from time to time by the Board or pursuant to authority granted by the Board and any amendment may be given
such retroactive effect as the Board or its duly authorized delegate may determine. If an Employer, other than CECONY, wishes to amend the Plan as to its participating employees, that Employer will present a resolution of its board of directors
approving the proposed amendment and requesting CECONY to amend the Plan. CECONY shall have the sole discretion whether to amend the Plan as requested by an Employer. 

Solely in this Article XI, the term Plan includes the Thrift Savings Plan, the ESOP and the TRASOP and reference to the Trust Fund includes
the ESOP Trust Fund and the TRASOP Trust Fund, unless the context clearly designates otherwise. 
 11.02 Termination - Sale of Assets of
Subsidiary 
 (a) The Plan may be partially or fully terminated or contributions may be permanently discontinued for any
reason at any time by the Board. In the event of a partial or total termination of the Plan or permanent discontinuance of contributions 

  
 106 

 
under the Plan: (i) no contribution will be made thereafter except for a Payroll Period the last day of which coincides with or precedes such termination or discontinuance; (ii) no
distribution shall be made except as provided in the Plan; (iii) the rights of all Participants to the entire amounts to the credit of their Account Balances as of the date of such termination or partial termination or discontinuance shall
become 100% vested; (iv) no person shall have any right or interest except with respect to the Trust Fund; (v) any remaining forfeitures shall be considered a special Employer Contribution and shall be allocated on a pro-rata basis, based
on Account Balance, to all Participants with an Account Balance as of the date of termination, partial termination or discontinuance; and (vi) the Trustee shall continue to act until the Trust Fund shall have been distributed in accordance with
the Plan. 
 (b) Upon termination of the Plan, Pre-Tax Contributions, with Earnings, will be distributed to Participants only
if neither the Company, Employers nor an Affiliate establishes or maintains a successor defined contribution plan. For purposes of this paragraph, a “successor defined contribution plan” is a defined contribution plan, other than an
employee stock ownership plan as defined in Code Section 4975(e)(7), a simple IRA, as defined in Code Section 403(b), a Code Section 457 plan, or a simplified employee pension as defined in Code Section 408(k) which exists at the
time the Plan is terminated or within the 12-month period beginning on the date all assets are distributed. A defined contribution plan will not be deemed a successor plan if fewer than two percent of the
Employees who are eligible to participate in the Plan at the time of its termination are or were eligible to participate under another defined contribution plan of the Company or an Affiliate (other than an ESOP or a SEP) at any time during the
period beginning 12 months before and ending 12 months after the date of the Plan’s termination. 
 11.03 Beneficiaries 

Upon the death of a Participant, his or her Account Balance shall be payable in a lump sum to his or her surviving spouse. If there is no
surviving spouse or the surviving spouse has consented, in the manner provided in this Section 11.03, to a designation of a Beneficiary in 

  
 107 

 
addition to or instead of such spouse, and such designation is in effect at the time of the Participant’s death, the Participant’s Account Balance will be paid to such Beneficiary.
Effective beginning June 1, 2002, the surviving spouse or Beneficiary(ies) may elect to take a distribution in monthly, quarterly or yearly installments; providing, however, that any distribution election is consistent with Code
Section 401(a)(9) and the regulations promulgated thereunder. Each Participant may designate a primary or contingent Beneficiary or Beneficiaries in the event of the death of the Participant prior to distribution of such benefits. The
Participant may file a written designation with the Plan, on a form furnished by the Plan Administrator, or his or her delegate. Such designation shall be effective only if (1) such designation is accompanied by the written consent of the
Participant’s spouse which acknowledges the effect on the spouse of the designation and it witnessed by a notary public, or (2) the Participant if not married. Any such designation made by an unmarried Participant shall become null and
void in the event the unmarried Participant marries before his or her Annuity Starting Date. Any consent of a spouse shall be effective only with respect to such spouse. If, at the time of a Participant’s death, there is no surviving spouse of
the Participant and no designation of a Beneficiary by such Participant is in effect, then the Participant’s benefits shall be payable to his or her estate or legal representative. A Participant may revoke a designation made pursuant to this
Section 11.03 by signing and filing with the Plan Administrator or his or her delegate a written instrument to that effect, in such manner and on such conditions as may be prescribed by the Plan Administrator, or by filing a new designation
pursuant to this Section 11.03. The consent of a Participant’s spouse may not be revoked, but such spouse’s consent shall be required for every designation of a Beneficiary other than the Participant’s spouse and for every change
in any such designation. The requirement for spousal consent may be waived by the Plan Administrator if he or she believes there is no spouse, or the spouse cannot be located, or because of such other circumstances as may be established by
applicable law. 

  
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 11.04 Assignment of Benefits 

(a) No Participant or Beneficiary shall have the right to assign, transfer, alienate, pledge, encumber or subject to lien any
benefits to which he or she is entitled under the Plan. Nothing in this Section shall preclude payment of Plan benefits pursuant to a qualified domestic relations order as defined in Code Section 414(p) and Section 206(d) of ERISA. The
Plan Administrator will establish a written procedure to determine the qualified status of domestic relations orders and to administer distributions under such qualified orders. 

(b) Notwithstanding anything herein to the contrary, if the amount payable to the alternate payee under the qualified domestic
relations order is $5,000 or less, such amount shall be paid in one lump sum as soon as practicable following the qualification of the order. If the amount exceeds $5,000, it may be paid as soon as practicable following the qualification of the
order if the alternate payee consents thereto; otherwise it may not be payable before the earliest of (1) the Participant’s termination of employment, (2) the time such amount could be withdrawn under Article 7 or (3) the
Participant’s attainment of age 50. 
 (c) A Participant’s Account Balance may be offset against the amount owed to
the Plan as a result of a breach of fiduciary duty to the Plan or criminality involving the Plan. The Participant’s Account Balance will be reduced to satisfy liabilities of the Participant to the Plan due to: (1) the Participant being
convicted of committing a crime involving the Plan; (2) a civil judgment (or consent order or decree) being entered by a court in an action brought in connection with a violation of ERISA’s fiduciary duty rules; or (3) a settlement
agreement between the Secretary of Labor and the Participant in connection with a violation of ERISA’s fiduciary rules. If the Participant is married at the time at which the offset is to be made, either the Participant’s spouse must
consent in writing to these offset (unless there is no spouse, the spouse cannot be located, or due to other 

  
 109 

 
circumstances prescribed by the Secretary pursuant to Code Section 417(a)(2)(B)), or a spousal waiver of survivor benefits must be in effect for the offset to take place. Spousal consent is
not required if the spouse is ordered or required by the judgment, order, decree, or settlement to pay an amount to the Plan in connection with a violation of Part 4 of Title I of ERISA. Spousal consent is not required where, in the judgment, order,
decree, or settlement, the spouse retains the right to receive a 50% survivor annuity under a qualified joint and survivor annuity and under a qualified pre-retirement survivor annuity. The amount of a benefit that is so offset is includible in
income on the date of the offset. 
 11.05 Merger 

The Plan may not be merged or consolidated with, or 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 immediately after the merger or consolidation, or transfer of assets or liabilities, a benefit 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. 
 In the
event of a corporate transaction, divestiture of assets or an Affiliate, or other corporate reorganization in which one or a group of Participants are transferred to another employer, the Plan Administrator, in his or her sole discretion, may
effectuate a trust-to-trust transfer of affected Participants’ Account Balance to the other employer’s qualified defined contribution plan. 

In the event of a corporate acquisition, merger, or other corporate reorganization in which one or a group of persons become Employees, the
Plan Administrator, in his or her sole discretion, or if CECONY so requires, may accept a trust-to-trust transfer of the affected persons’ Account Balance from another employer’s qualified defined contribution plan to the Plan. 

  
 110 

 11.06 Conditions of Employment Not Affected by Plan 

The establishment and maintenance of the Plan shall not confer any legal rights upon any Employee or other person for a continuation of
employment, nor shall it interfere with the rights of the Employers 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 of the Plan.

 11.07 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 is a minor, the Plan Administrator may direct that any benefit due him or her, unless claim has been made 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. 

11.08 Information 
 Each
Participant, Beneficiary or other person entitled to a benefit, before any benefit is payable to him or her/on his or her account under the Plan, shall file with the Plan Administrator the information that the Plan Administrator requires to
establish his or her rights and benefits under the Plan. 
 11.09 Additional Participating Employers 

(a) If any entity is or becomes an Affiliate, the Board may include the employees of that Affiliate in the participation of the
Plan upon appropriate action by that Affiliate 

  
 111 

 
necessary to adopt the Plan. If any person becomes an Employee as the result of a merger, a consolidation, or an acquisition of all or part of the assets or business of another company, the Board
shall determine to what extent, if any, previous service with the other entity will be recognized under the Plan, subject to the continued qualification of the trust for the Plan as tax-exempt under the Code. 

(b) An Employer may terminate its participation in the Plan upon appropriate action. In that event, the funds of the Plan held
on account of Participants in the employ of that Affiliate, and any unpaid Account Balances of Participants who have separated from the employ of that Affiliate, shall be determined by the Plan Administrator. Those funds will be distributed as
provided in and permitted under Section 11.02 if the Plan, as to that employer, is terminated, or segregated by the Trustee to 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 Affiliate under which the board of directors of that Affiliate will succeed to all the powers and duties of the Board, including the appointment of named fiduciaries and plan administrator. 

11.10 IRS Determination 

All contributions made to the Trust Fund, and all loans made pursuant to Article 9, which are made prior to the receipt of a determination
from the Internal Revenue Service to the effect that the Plan is a qualified plan under Code Sections 401 (a) and 401(k) or the refusal of the IRS in writing to issue such a determination, shall be made on the express condition that such
determination is received. In the event the Internal Revenue Service determines that the Plan is not so qualified or refuses in writing to make such determination, such contributions, increased by any earnings thereon, and reduced by any losses
thereon and by the outstanding balance (principal and interest) on any loans made under Article 9, shall be returned to the Employer(s) and Participants, as appropriate, as promptly as practicable after such determination. In the event the Internal
Revenue Service requires reductions in such contributions and/or changes in the 

  
 112 

 
terms and conditions of such loans as a condition of its determination that the Plan is so qualified, the required reductions in contributions, increased by any earnings and reduced by any losses
attributable thereto, shall be returned to the Employer(s) and Participants, as appropriate, and/or the amounts and terms and conditions of any such outstanding loans shall be modified to meet Internal Revenue Service requirements, as promptly as
practicable after notification from the Internal Revenue Service. If all or part of an Employer’s deductions under Code Section 404 for Employer Matching Contributions to the Plan are disallowed by the Internal Revenue Service, the portion
of the Employer Matching Contributions to which the disallowance applies shall be returned to that Employer without earnings thereon, but reduced by any losses attributable thereto. The return shall be made within one year after the denial of
qualification or disallowance of deduction, as the case may be. 
 11.11 Mistaken Contributions 

Any contribution made by mistake of fact shall be returnable, without any earnings thereon but reduced by any losses attributable thereto, to
the Employer(s) and/or Participants, as appropriate within one year after the payment of the contribution. 
 11.12 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 or Employer. If such person has not made
written claim therefor within three months of the date of the mailing, the Plan Administrator may, 

  
 113 

 
if he or she so elects and upon receiving advice from counsel to the Plan, direct that such payment and all remaining payments otherwise due such person be canceled on the records of the Plan and
the amount thereof applied to reduce the contributions of the applicable Employer. Upon such cancellation, the Plan and the Trust shall have no further liability therefor 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 under the Plan, the amount so applied shall be paid to him or her in accordance with the provisions of the Plan. 

11.13 Construction 
 The
Plan shall be construed, regulated and administered under ERISA and the laws of the State of New York, except where ERISA controls. In the event a claimant institutes an action or proceeding in any state or federal court of law or equity, the
applicable “statute of limitations” for such action will be New York State statute for actions brought in contract matters. 

  
 114 

 ARTICLE XII 

Top-Heavy Provisions 

12.01 Application of Top-Heavy Provisions 

This Article XII shall apply for purposes of determining whether the plan is a top-heavy plan under Code Section 416(g) for Plan Years
beginning after December 31, 2001, and whether the Plan satisfies the minimum benefit requirements of Code Section 416(c) for such years. 

12.02 Minimum Benefit for Top-Heavy Year 

(a) Key Employee Key Employee means any Employee or former Employee (including any deceased Employee) who at any time
during the Plan Year that includes the determination date was an officer of the Company or Affiliate having Annual Compensation greater that $130,000 (as adjusted under Code Section 416(i)(1)) beginning after December 31, 2002, or $160,000
for Plan Years beginning after December 31, 2008, a 5-percent owner of the Company or Affiliate or a 1-percent owner of the Company or Affiliate having Annual Compensation of more than $150,000. The determination of who is a Key Employee will
be made in accordance with Code Section 416(i)(1) and the applicable regulations and other guidance of general applicability issued there under. 

(b) Determination of present values and amounts This section 12.02(b) shall apply for purposes of determining the
present values of accrued benefits and the amounts of Account Balances of Employees as of the determination date. 
  

	 	(i)	 Distributions during the year ending on the determination date. The present values of accrued benefits and the amounts of Account Balances of an
Employee as of the determination date shall be increased by the distributions made with respect to the Employee under the Plan and any Plan aggregated with the Plan under Code Section 416(g)(2) during the 1-year period ending on the
determination date. The preceding sentence shall also apply to 

  
 115 

	 	
distribution under a terminated plan which, had if not been terminated, would have been aggregated with the plan under Code Section 416(g)(2)(A)(i). In the case of a distribution made for a
reason other than separation from service, death, or disability, this provision shall be applied by substituting “5-year period” for “1-year period.” 

 

	 	(ii)	Employees not performing services during year ending on the determination date The accrued benefits and Account Balances of any individual who has not performed services for the Company or an Affiliate during the
1-year period ending on the determination date shall not be taken into account. 

 12.03 Minimum Benefits 

Matching Contributions Employer Contributions shall be taken into account for purposes of satisfying the minimum contribution
requirements of Code Section 416(c)(2) and the Plan. Employer Contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes for the Actual Contribution Percentage Test and
other requirements of Code Section 401(m). 
 In the event the Plan becomes a Top-Heavy Plan in any Plan Year, then the minimum
Employer Contribution will not be less than 3% of Compensation per year, or if less than 3%, the highest rate allocated to any Key Employee, including amount contributed as a result of a Pre-Tax Contribution election, on behalf of each Non-Key
Employee without regard to whether he or she has less than 1,000 Hours of Service or his or her Compensation. 
 12.04 Aggregation
Groups 
 (a) Notwithstanding anything to the contrary herein, this Plan shall not be a Top-Heavy Plan if it is part of
either a “required aggregation group” or a “permissive aggregation group” that is not a Top-Heavy Group. 

  
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 (b) The “required aggregation group” consists of: 

 

	 	(i)	Each Defined Contribution Plan or Defined Benefit Plan in which at least one Key Employee participates; and 

  

	 	(ii)	Each other Defined Contribution Plan or Defined Benefit Plan which enables a plan referred to in the preceding subparagraph (i) to meet the nondiscrimination requirements of Section 401(a)(4) or 410 of the
Code. 

 (c) A “permissive aggregation group” consists of the plans included in the “required
aggregation group” plus any one or more other Defined Contribution Plans or Defined Benefit Plans which, when considered as a group with the “required aggregation group”, would continue to meet the nondiscrimination requirements of
Section 401(a)(4) and 410 of the Code. 
 12.05 Special Benefit Limits 

For any Plan Year for which this Article 12 is applicable the definitions of “Defined Benefit Plan Fraction” and “Defined
Contribution Plan Fraction” in Sections 1.20 and 1.22, respectively, shall be modified in each case by substituting “1.0” for “1.25”. Effective for limitation years beginning after December 31, 1999, the provisions of
this Section 12.05 no longer apply on account of the repeal of Section 415(e) of the Code. 
 12.06 Special Distribution
Rule 
 For any Plan Year for which this Article 12 is applicable, Section 7.08(a) shall apply to Key Employees, effective
December 31, 2004, who are 5% owners of the Company or Affiliate. 

  
 117 

 ARTICLE XIII 

Tax Reduction Act Stock Ownership Plan 

13.01 Purpose - Separate Entity 

(a) The TRASOP, is a stock bonus plan, established under the Tax Reduction Act of 1975 was intended to give eligible
Participants an equity interest in CECONY and encourage those Participants to remain in the employ of CECONY. The TRASOP is invested in Shares and in a short-term investment fund of cash and cash equivalents. Applicable laws do not permit additional
contributions to the TRASOP. CECONY desires to continue the TRASOP Accounts of Participants having such accounts. Effective as of July 1, 1988, all TRASOP Accounts were transferred to this Plan, and all TRASOP provisions which continue to be
applicable were added to this Plan and shall, together with other applicable provisions of this Plan, govern the TRASOP Accounts. 

(b) Participant’s Plan Account Balances and TRASOP Accounts shall be administered separately, although they shall be held
as part of the same Trust Fund. There shall be no transfers between TRASOP Accounts and Plan Accounts. 
 (c) All matters
relating to the TRASOP which relate to or arise out of facts, circumstances or conditions in effect prior to July 1, 1988, shall be governed by the provisions of the TRASOP as in effect on June 30, 1988 prior to the merger, unless
expressly otherwise provided in this Plan. 
 (d) Effective on or after January 1, 2002, the Economic Growth and Tax
Reduction Recovery Act of 2001 amended the definition of applicable dividend to allow a deduction for dividends paid on applicable employer securities with respect to which Participants or beneficiaries are provided an election to have the dividend
paid to an ESOP and distributed in cash, or reinvested in qualifying employer securities. The deduction is available both with respect to dividends that are reinvested and paid out in cash. Accordingly, effective January 1, 2002, the TRASOP is
being amended to provide Participants or beneficiaries with the election to have dividends paid in cash or reinvested, as set forth below. 

  
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 13.02 TRASOP Accounts - Application of Dividends 

(a) The TRASOP Account of each Participant in TRASOP who remained in the employ of CECONY on July 1, 1988 was transferred
to this Plan effective as of July 1, 1988. Each such Participant shall continue to have a nonforfeitable right to all Shares allocated and all amounts credited to such Participant’s TRASOP Account. 

(b) All dividends received by the Trustee with respect to Shares allocated to the TRASOP Accounts of Participants shall be
applied to the purchase of additional Shares. Such purchases shall be made promptly after the receipt of each such dividend. The Trustee shall purchase, in one or more transactions, the maximum number of whole Shares obtainable at then prevailing
prices, including brokerage commissions and other reasonable expenses incurred in connection with such purchases. Such purchases may be made on any securities exchange where Shares are traded, in the over-the-counter market, or in negotiated
transactions, and may be on such terms as to price, delivery and otherwise as the Trustee may determine to be in the best interest of the Participants. The Trustee shall complete such purchases as soon as practical after receipt of such dividends,
having due regard for any applicable requirements of law affecting the timing or manner of such purchases. The additional Shares so purchased shall be allocated among the respective TRASOP Accounts of the Participants in proportion to the number of
Shares in each TRASOP Account at the record date for the payment of the dividend so applied. Such allocation shall be made as promptly as practicable but for purposes of determining the time at which such additional Shares shall become distributable
pursuant to Section 13.04, the additional Shares so allocated to each Participant’s TRASOP Account shall be deemed to have been allocated as of the respective allocation dates of the Shares in such TRASOP Account at such record date, in
proportion to the number of such Shares previously allocated as of each such allocation date. 
 (c) For Plan Years beginning
on and after January 1, 2002, dividends received by the Trustee with respect to Shares allocated to the TRASOP accounts of Participants, in accordance with the election of the Participant, will be either paid in cash to Participants not later
than 90 days after the close of the Plan Year in which the dividends are paid, or 

  
 119 

 
applied by the Trustee for the purchase of additional shares. A Participant will be given a reasonable opportunity before a dividend is paid or distributed to make the election and can change a
dividend election at least annually. If there is a change in the Plan governing the manner in which the dividends are paid or distributed to Participants, each Participant will be given a reasonable opportunity to make an election under the new Plan
terms prior to the date on which the first dividend subject to the new Plan terms is paid or distributed. A Participant who fails to make an election as to whether to receive his or her dividend in cash or have such dividend reinvested will be
treated as if he or she elected to have his or her dividend reinvested until such time that he or she makes an affirmation election for a distribution of the dividend. Dividends that are distributed will be held and invested in a short-term
investment fund or like kind of cash account until distributed. 
 13.03 Voting Rights, Options, Rights, and Warrants 

(a) Each Participant shall be entitled to direct the Trustee as to the manner in which any Shares or fractional Shares
allocated to the Participant’s TRASOP Account are to be voted. 
 (b) In the event that any option, right, or warrant
shall be granted or issued with respect to any Shares allocated to the Participant’s TRASOP Account, each Participant shall be entitled to direct the Trustee whether to exercise, sell, or deal with such option, right, or warrant. 

(c) The Trustee shall keep confidential the Participant’s voting instructions and instructions as to any option, right or
warrant and any information regarding a Participant’s purchases, holdings and sales of Shares. 
 13.04 Distribution of Shares

 (a) Each Share allocated to a Participant’s TRASOP Account shall be available for distribution to such Participant
promptly after the earlier of the death, disability or termination of employment of such Participant. 

  
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 (b) Each Share which shall become distributable to a Participant by reason of
clause (a)(i) above is herein called, from the time such Share shall become so distributable, an Unrestricted Share. Notwithstanding the provisions of the aforesaid clause A.(i), Unrestricted Shares shall be distributed to Participants as
follows: 
  

	 	(i)	From time to time, a Participant may request, in such manner and on such conditions as may be prescribed by CECONY, that Unrestricted Shares held in the Participant’s TRASOP Account be distributed to the
Participant. If such Participant is married, the written application shall include written consent of the Participant’s spouse witnessed by a Notary Public. Spousal consent shall not be required with respect to withdrawal requests made on or
after March 1, 1994. Applications made in a calendar month shall be effective as of the last day of such calendar month. Any such request must be for whole Shares only and must be for at least ten Shares or the number of whole Unrestricted
Shares in the TRASOP Account, whichever is less. 

  

	 	(ii)	Certificates for Unrestricted Shares requested in accordance with the preceding paragraph B(a) shall be delivered, or a cash distribution in respect of such Unrestricted Shares if elected by the Participant pursuant to
Section 13.04D below shall be made, to the Participant as soon as practicable after the effective date of the application. 

  

	 	(iii)	Any Unrestricted Share which shall become distributable by reason of any provision of this Plan other than clause A.(i) above (including, without limitation, provision for distribution upon the death, disability or
termination of employment of the Participant) shall be distributed in accordance with such provision. 

 (c) In
the case of death of a Participant, distributions in respect of Shares allocated to the Participant’s TRASOP Account shall be made to the Participant’s Beneficiary. In the case of disability or termination of employment with the Company or
an Affiliate of a Participant, distributions in respect of Shares allocated to the Participant’s TRASOP Account shall be made to the Participant. 

All distributions under the TRASOP will begin, subject to Section 7.08 and Subsection 13.04.F, not later than the 60th day
after the close of the Plan Year in which the 

  
 121 

 
latest of the following events occurs: (1) the Participant attains age 65, (2) the 10th anniversary of the year in which the Participant commenced participation in TRASOP, or
(3) the Participant becomes disabled, dies or terminates employment with the Company or an Affiliate. 
 (d) All
distributions from a Participant’s TRASOP Account shall be made in Shares; provided, however, that a Participant or Beneficiary shall have the right to elect, on a form furnished by and submitted to CECONY, to receive a distribution, other than
a distribution upon termination of TRASOP, in cash. Except in the case of a final distribution from a Participant’s TRASOP Account and a distribution of the Participant’s entire TRASOP Account balance after such time as all Shares in a
Participant’s TRASOP Account have become Unrestricted Shares, all distributions from such TRASOP Account shall be made in respect of whole Shares only, and any fractional Share which is otherwise distributable shall be retained in such TRASOP
Account until it can be combined, in whole or in part, with another fractional Share which shall subsequently become distributable, so as to make up a whole Share. In the case of a final distribution from a Participant’s TRASOP Account (except
a distribution upon termination of the TRASOP) or in the case of a distribution of the Participant’s entire TRASOP Account balance after such time as all of the Shares in the Participant’s TRASOP Account have become Unrestricted Shares,
such distribution shall be made in respect of the number of whole Shares then remaining in the Participant’s TRASOP Account, together with a cash payment in respect of any fractional Share based on the closing price of a Share as reported on
the New York Stock Exchange consolidated tape on the last trading day of the month immediately preceding the month in which such final distribution is made. The Trustee, in each such case, shall purchase such fractional Share from the Participant at
a price equal to the cash payment to be made to the Participant. Whenever the Trustee requires funds for the purchase of fractional Shares, such funds shall be drawn from the accumulated income of the TRASOP Trust Fund, if any, and otherwise shall
be advanced by CECONY upon the Trustee’s request, subject to reimbursement from future income of the TRASOP Trust. All fractional Shares so purchased by the Trustee shall be allocated to the TRASOP Accounts of the remaining Participants at such
intervals as shall be determined by the Plan Administrator, but no later 

  
 122 

 
than the end of the next succeeding Plan Year. The Trustee shall sell any Shares in respect of which a cash distribution is to be made. The Trustee may make such sales on any securities exchange
where Shares are traded, in the over-the-counter market, or in negotiated transactions. Such sales may be on such terms as to price, delivery and otherwise as the Trustee may determine to be in the best interests of the Participants. The Trustee
shall complete such sales as soon as practical under the circumstances having due regard for any applicable requirements of law affecting the timing or manner of such sales. All brokerage commissions and other direct selling expenses incurred by the
Trustee in the sale of Shares under this Subsection 13.04D shall be paid as provided in Section 10.05. 
 (e) Upon any
termination of TRASOP pursuant to Section 11.02, the Trust shall continue until all Shares which have been allocated to Participants’ TRASOP Accounts have been distributed to the Participants, unless the Board directs an earlier
termination of the TRASOP Trust Fund. Upon the final distribution of Shares, or at such earlier time as the Board shall have fixed for the termination of the TRASOP Trust Fund, the Plan Administrator shall direct the Trustee to allocate to the
Participants any Shares then held by the Trustee and not yet allocated, and the Trustee shall distribute to the Participants any whole Shares which have been allocated to their TRASOP Accounts but which have not been distributed, shall sell all
fractional Shares and distribute the proceeds to the respective Participants entitled to such fractional Shares, shall liquidate any remaining assets (other than Shares) held by the TRASOP Trust Fund, and shall apply the proceeds of such liquidation
and any remaining funds held by the Trustee, the disposition of which is not otherwise provided for, to a distribution to all Participants then receiving a final distribution of Shares, in proportion to the whole and fractional Shares to which each
is entitled; and the TRASOP Trust Fund shall thereupon terminate. 
 (f) Notwithstanding any other provision of this Plan,
unless a Participant otherwise elects in writing on a form furnished by CECONY: 
  

	 	A.	Distribution of a Participant’s TRASOP Account balance will commence not later than one (1) year after the close of the Plan Year 

 

	 	(i)	in which the Participant terminates employment with the Company or an Affiliate by reason of Retirement upon or after attainment of Normal Retirement Age, death, or disability, or 

 

	 	(ii)	which is the fifth Plan Year following the Plan Year in which the Participant terminates employment for any other reason, and the Participant is not reemployed before such Plan Year. 

  
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	 	B.	Distribution of the Participant’s TRASOP Account balance will be in five (5) annual distributions as promptly as practicable after the end of each Plan Year; provided, however, that a TRASOP Account
balance that equals $1,000 or less shall be distributed in a single distribution as soon as practicable, but not later than 60 days after the close of the Plan Year in which the Participant’s termination of employment occurs. Each such annual
distribution shall be in respect of the number of Shares, rounded down to the nearest number of whole Shares, which most closely approximates the entire balance in the Participant’s TRASOP Account as of December 31 of the previous year
divided by the number of annual distributions remaining to be made under this subsection, except that the fifth such distribution shall be respect of the entire balance in the Participant’s TRASOP Account as of the preceding December 31.
Each such annual distribution shall be taken pro rata from all contribution years in Participant’s TRASOP Account. 

  

	 	C.	A Participant whose employment with the Company or an Affiliate is terminated by reason of Retirement, disability or any other reason (other than death) may elect in such a manner and on such conditions as may be
prescribed by CECONY to have his TRASOP Account balance distributed in one of the following forms: 

  

	 	(iii)	a single lump sum distribution as soon as practicable, but not later than 60 days after the end of the Calendar Year in which the Participant’s termination of employment occurs; or 

  
 124 

	 	(iv)	a distribution deferred until the last day of a calendar month not later than the calendar month in which the Participant attains age 70, as designated by the Participant, in which event the distribution of the
Participant’s TRASOP Account balance as of the last day of the calendar month so designated by the Participant shall be made in a single lump sum as soon as practicable after such calendar month. 

13.05 Diversification of TRASOP Accounts 

(a) Definitions: The following terms shall have the following meanings for purposes of this Section 13.05: 

 

	 	(i)	Qualified Participant shall mean a Participant who has a TRASOP Account and has attained at least age 55 and completed at least 10 years of participation in TRASOP. 

 

	 	(ii)	Qualified Election Period shall mean the first ninety (90) days following the end of each Plan Year. 

  

	 	(iii)	Eligible Shares shall mean Shares added to a Participant’s TRASOP Account after December 31, 1986. 

  

	 	(iv)	Diversifiable Amount shall, with respect to any Qualified Election Period, mean twenty-five percent (25%) of the number of Eligible Shares in the Participant’s TRASOP Account as of the end of the preceding
Plan Year. However, if the Diversifiable Amount for any Qualified Election Period shall have a value which may be deemed de minimis under regulations issued by the Secretary of the United States Department of the Treasury, then there shall be no
Diversifiable Amount available for such Qualified Election Period. 

  
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 (b) Eligibility for Diversification: Each Qualified Participant shall have the
right to elect to diversify, by means of a distribution of whole Eligible Shares only, all or some portion of the Diversifiable Amount in his TRASOP Account during each of the six (6) consecutive Qualified Election Periods following the Plan
Year in which such Participant first became a Qualified Participant, provided, however, that, notwithstanding subsection 13.05.A.(d), the Diversifiable Amount in the sixth Qualified Election Period for each Qualified Participant shall be fifty
percent (50%) of the number of Eligible Shares in his TRASOP Account as to the end of the preceding Plan Year. A distribution pursuant to this Article 13.05 must be a minimum of ten (10) Shares, or all Whole Shares comprising the
Diversifiable Amount for such Qualified Election Period if less than 10. Each Qualified Participant who desires to elect diversification under this Section shall, during the Qualified Election Period, complete and execute a diversification election
and consent form provided by CECONY. Such election may be revoked or modified or a new election may be made in its stead within the Qualified Election Period, upon the expiration of which the diversification election shall be irrevocable. 

(c) Diversification Procedure 
  

	 	(i)	The TRASOP shall, within the 90 day period following each Qualified Election Period, distribute to each Qualified Participant who has elected to diversify under this Section, the number of whole Eligible Shares which
most closely approximates, but does not exceed, the number of Eligible Shares duly elected to be diversified by each such Qualified Participant. Failure by a Qualified Participant to provide required consents to distribution of any Diversifiable
Amount, shall relieve the TRASOP of all obligation to make any such distribution. 

  

	 	(ii)	To the extent a Qualified Participant has Eligible Shares which are Unrestricted Shares in his TRASOP Account, such Unrestricted Shares shall be distributed pursuant to this Section 13.05. Only upon exhaustion of
all such Unrestricted Shares may additional Eligible Shares then be distributed hereunder. 

  
 126 

 ARTICLE XIV 

Employee Stock Ownership Plan 

14.01 Purpose - Separate Entity 

(a) Effective as of the ESOP Effective Date, the Company established the Consolidated Edison Employee Stock Ownership Plan
(“ESOP”) as a portion of, included within and separate from the Thrift Plan. The ESOP affords special rights and has specific requirements which must be satisfied that are distinct from the Thrift Plan, such as the right of an ESOP
Participant to: (1) vote his or her allocated Shares; (2) request his or her distribution be in the form of Shares; (3) diversify his or her ESOP Account; (4) elect to take dividends in cash or have dividends reinvested; and,
(5) be 100% fully invested immediately in those Shares purchased by reinvested dividends. Each of these distinct ESOP rights and requirements is set forth in the Thrift Plan and obligations in the Thrift Plan such as those requirements
regarding eligibility to participate, vesting, distributions, in-service distributions, operational, administrative and fiduciary requirements continue to apply to the ESOP and are deemed incorporated into and so are not repeated in this Article
XIV. The ESOP is intended to be an employee stock ownership plan within the meaning of Code Section 4975(e)(7). The ESOP is intended to give ESOP Participants an equity interest in CEI and encourage ESOP Participants to remain in the employ of
CEI. 
 (b) Effective as of the ESOP Effective Date, the part of a Participant’s Employer Matching Contributions
Subaccount invested in the Company Stock Fund in the Thrift Plan was transferred to the ESOP and ESOP Trust Fund and established and included into the Participant’s ESOP Account. 

(c) Participants’ ESOP Accounts will be held in the ESOP Trust Fund and administered separately, although they shall be
held as part of the same Trust Fund. Participants are permitted to transfer assets to and from their ESOP Accounts to their Thrift Plan Accounts within the ESOP Trust Fund and the Trust Fund. 

  
 127 

 14.02 Special Definitions for ESOP 

(a) The following terms shall have the following meanings for purposes of the ESOP: 

 

	 	(i)	ESOP Account means the account into which is credited a Participant’s Employer Matching Contributions’ invested in the Company Stock Fund and dividends paid on these Shares and comprising the following
Subaccounts: 

  

	 	(ii)	the Participant’s Transferred ESOP Subaccount which is the Participant’s Company Stock Fund that was transferred from the Thrift Plan to the ESOP as of the ESOP Effective Date; 

 

	 	(iii)	a Participant’s Dividend Subaccount which, for a Participant who is credited with less than three Years of Service, consists solely of Shares purchased with reinvested dividends after the ESOP Effective Date
and are 100% fully vested at all times; and 

  

	 	(iv)	a Participant’s ESOP Subaccount which is the account into which is credited a Participant’s Employer Matching Contributions contributed to the ESOP after the ESOP Effective Date. 

 

	 	(v)	Once a Participant is credited with at least three Years of Vesting Service, his or her Dividend Subaccount will be merged into his or her ESOP Subaccount. After the ESOP Effective Date, a Participant’s ESOP
Subaccount will include any Employer Matching Contributions invested in the other Investment Funds to the extent such amounts were ever at any time invested in the ESOP after the ESOP Effective Date. 

 

	 	(vi)	ESOP Effective Date means May 8, 2002. 

  

	 	(vii)	ESOP Participant means a Participant in the Thrift Plan who has elected to invest some or all of his or her Employer Matching Contributions in the Company Stock Fund. 

  
 128 

	 	(viii)	Diversifiable ESOP Amount, with respect to any Qualified ESOP Election Period, means 25% of the number of Shares in the Participant’s ESOP Account as of the end of the preceding Plan Year. However, if the
Diversifiable ESOP Amount for any Qualified ESOP Election Period has a value which may be deemed de minimis under regulations issued by the Secretary of the United States Department of the Treasury, then there will be no Diversifiable ESOP Amount
available for such Qualified ESOP Election Period. 

  

	 	(ix)	Qualified ESOP Participant shall mean an ESOP Participant who has an ESOP Account, attained at least age 55 and completed at least 10 years of participation in the ESOP. Years of participation in the Thrift Plan will be
taken into account in determining whether a Qualified ESOP Participant has completed 10 years of participation. 

  

	 	(x)	Qualified ESOP Election Period shall mean the first 90 days following the end of each Plan Year. 

14.03 Participation in ESOP 

Each Participant in the Thrift Plan who elects to have his or her Employer Matching Contributions invested in the Company Stock Fund will
automatically become an ESOP Participant in the ESOP. Each ESOP Participant will have his or her ESOP Account held in the ESOP Trust Fund. 

14.04 Employer Matching Contributions 

Only Employer Matching Contributions and dividends issued on Shares held in the ESOP Trust Fund will be contributed to the ESOP. 

14.05 Purchase of Shares 

(a) Purchases for ESOP Trust Fund. 

(b) The Trustee shall regularly purchase Shares for the ESOP Trust Fund in accordance with a non-discretionary purchasing
program. Such purchases may be made 

  
 129 

 
on any securities exchange where Shares are traded, in the over-the-counter market, or in negotiated transactions, and may be on such terms as to price, delivery and otherwise as the Trustee may
determine to be in the best interests of the ESOP Participants. Interest and other income received on assets held in the ESOP Trust Fund shall be reinvested in the ESOP Trust Fund. All funds to be invested shall be invested by the Trustee in one or
more transactions promptly after receipt by the Trustee, subject to any applicable requirement of law affecting the timing or manner of such transactions. All brokerage commissions and other direct expenses incurred by the Trustee in the purchase of
sale of Shares under the ESOP will be borne by the ESOP Account investing and/or trading in Shares. 
 (c) Units. The
interests of an ESOP Participant in his or her ESOP Account shall be measures in Units, the number and value of which shall be determined daily. 

14.06 Dividends 

Beginning on and after the ESOP Effective Date, and for all Plan Years thereafter, dividends received by the Trustee with respect to Shares
allocated to the ESOP Accounts, in accordance with the election of each ESOP Participant, will be either paid in cash to the ESOP Participant as soon as practicable following the declaration date but in any case not later than 90 days after the
close of the Plan Year in which the dividends are paid or applied by the Trustee for the purchase of additional Shares. 
 An ESOP
Participant will be given a reasonable opportunity before a dividend is paid or distributed to make the election. The ESOP Participant will have a reasonable opportunity to change a dividend election at least annually. If there is a change in the
ESOP governing the manner in which the dividends are paid or distributed to ESOP Participants, each ESOP Participant will be given a reasonable opportunity to make an election under the new ESOP terms prior to the date on which the first dividend
subject to the new ESOP terms is paid or distributed. An ESOP Participant who fails to make an election as to whether to receive his or her dividend in cash or 

  
 130 

 
have such dividend reinvested will be treated as if he or she elected to have his or her dividend reinvested until such time that he or she makes an affirmation election for a distribution of the
dividend. If dividends are reinvested and applied to the purchase of additional Shares, such purchases shall be made promptly after the receipt of each such dividend. The Trustee shall purchase, in one or more transactions, the maximum number of
whole Shares obtainable at then prevailing prices, including brokerage commissions and other reasonable expenses incurred in connection with such purchases. Such purchases may be made on any securities exchange where Shares are traded, in the
over-the-counter market, or in negotiated transactions, and may be on such terms as to price, delivery and otherwise as the Trustee may determine to be in the best interest of the ESOP Participants. The Trustee shall complete such purchases as soon
as practical after receipt of such dividends, having due regard for any applicable requirements of law affecting the timing or manner of such purchases. The additional Shares so purchased shall be allocated among the respective ESOP Accounts of the
Participants in proportion to the number of Shares in each ESOP Account at the record date for the payment of the dividend so applied. Such allocation shall be made as promptly as practicable but for purposes of determining the time at which such
additional Shares shall become distributable, the additional Shares so allocated to each ESOP Participant’s ESOP Account shall be deemed to have been allocated as of the respective allocation dates of the Shares in such ESOP Account at such
record date, in proportion to the number of such Shares previously allocated as of each such allocation date. 
 14.07 Voting Rights,
Options, Rights, and Warrants 
 (a) Each ESOP Participant is entitled to direct the Trustee as to the manner in which
any Shares or fractional Shares allocated to the ESOP Participant’s ESOP Account 

  
 131 

 
are to be voted. Any such Shares or fractional Share for which the Participant does not give voting directions shall be voted by the Trustee in the same manner and proportions as all other Shares
held by the Trustee for which voting directions are given by ESOP Participants. 
 (b) In the event that any option, right,
or warrant shall be granted or issued with respect to any Shares allocated to the ESOP Participant’s ESOP Account, each ESOP Participant shall be entitled to direct the Trustee whether to exercise, sell, or deal with such option, right, or
warrant. 
 (c) The Trustee shall keep confidential the ESOP Participant’s voting instructions and instructions as to
any option, right or warrant and any information regarding an ESOP Participant’s purchases, holdings and sales of Shares. The Plan Administrator shall be responsible for monitoring the Trustee’s performance of its confidentiality
obligations. 
 14.08 Transferability 

A Participant may transfer all or any part of his or her existing ESOP Account once a day to any other Investment Funds in the Trust Fund. Any
election will be made in such manner and on such conditions as may be prescribed by the Plan Administrator and subject to any restrictions imposed on an Investment Fund by the Trustee or Investment Manager. 

14.09 Diversification 

(a) Each Qualified ESOP Participant shall have the right to elect to diversify, by means of a distribution of whole ESOP Shares
only, all or some portion of the Diversifiable Amount in his ESOP Account during each of the six consecutive Qualified ESOP Election Periods following the Plan Year in which such Participant first became a Qualified ESOP Participant. The
Diversifiable ESOP Amount in the sixth Qualified ESOP Election Period for each Qualified ESOP Participant shall be 50% of the number of Eligible ESOP Shares in his or her ESOP Account as of the end of the preceding Plan Year. A distribution pursuant
to this must be a minimum of ten Shares, or all Whole Shares comprising the Diversifiable 

  
 132 

 
ESOP Amount for such Qualified ESOP Election Period if less than 10. Each Qualified ESOP Participant who desires to elect diversification under this Section shall, during the Qualified ESOP
Election Period, complete and execute a diversification election and consent form provided by his or her Employer. Such election may be revoked or modified or a new election may be made in its stead within the Qualified ESOP Election Period, upon
the expiration of which the diversification election shall be irrevocable. 
 (b) Diversification Procedure. The ESOP shall,
within the 90-day period following each Qualified ESOP Election Period, distribute to each Qualified ESOP Participant who has elected to diversify under this Section, the number of whole Shares which most closely approximates, but does not exceed,
the number of ESOP Shares duly elected to be diversified by each such Qualified ESOP Participant. Failure by a Qualified ESOP Participant to provide required consents to distribution of any Diversifiable ESOP Amount, shall relieve the ESOP of all
obligation to make any such distribution. 
 14.10 Distribution of Shares 

(a) An ESOP Participant’s ESOP Account shall be available for distribution to such ESOP Participant promptly after the
earlier of the death, disability or termination of employment of such ESOP Participant. 
 (b) If an ESOP Participant elects
a distribution in Shares, certificates for such Shares shall be delivered to the ESOP Participant as soon as practicable after the effective date of the application. 

(c) In the case of death of an ESOP Participant, distributions in respect of Shares allocated to his or her ESOP Account shall
be made to his or her Beneficiary. In the case of disability or termination of employment with the Company or an Affiliate, distributions in respect of Shares allocated to the ESOP Participant’s ESOP Account shall be made unless the ESOP
Participant elects otherwise. 
 (d) All distributions from an ESOP Participant’s ESOP Account shall be made in Shares;
provided, however, that an ESOP Participant or Beneficiary shall have the right to elect, on a form furnished by and submitted to his or her Employer, to receive a 

  
 133 

 
distribution, other than a distribution upon termination of the ESOP, in cash. Except in the case of a final distribution from an ESOP Participant’s ESOP Account and a distribution of the
entire ESOP Account balance, all distributions from such ESOP Account made in Shares shall be made in respect of whole Shares only, and any fractional Share which is otherwise distributable shall be retained in such ESOP Account until it can be
combined, in whole or in part, with another fractional Share which shall subsequently become distributable, so as to make up a whole Share. A final distribution from an ESOP Account (except a distribution upon termination of the ESOP) shall be made
in respect of the number of whole Shares then remaining in the ESOP Account, together with a cash payment in respect of any fractional Share based on the closing price of a Share as reported on the New York Stock Exchange consolidated tape on the
last trading day of the month immediately preceding the month in which such final distribution is made. The Trustee, in each such case, shall purchase such fractional Share from the ESOP Participant at a price equal to the cash payment to be made to
the ESOP Participant. 
 (e) Whenever the Trustee requires funds for the purchase of fractional Shares, such funds shall be
drawn from the accumulated income of the ESOP Trust Fund, if any, and otherwise shall be advanced by the Employer upon the Trustee’s request, subject to reimbursement from future income of the ESOP Trust Fund. All fractional Shares so purchased
by the Trustee shall be allocated to the ESOP Accounts of the remaining Participants at such intervals as shall be determined by the Plan Administrator, but no later than the end of the next succeeding Plan Year. The Trustee shall sell any Shares in
respect of which a cash distribution is to be made. The Trustee may make such sales on any securities exchange where Shares are traded, in the over-the-counter market, or in negotiated transactions. Such sales may be on such terms as to price,
delivery and otherwise as the Trustee may determine to be in the best interests of the ESOP Participants. The Trustee shall complete such sales as soon as practical under the circumstances having due regard for any applicable requirements of law
affecting the timing or manner of such sales. 
 (f) Upon any termination of the ESOP, the ESOP Trust Fund shall continue
until all Shares which have been allocated to ESOP Participants’ ESOP Accounts have been 

  
 134 

 
distributed to the ESOP Participants, unless the Board directs an earlier termination of the ESOP Trust Fund. Upon the final distribution of Shares, or at such earlier time as the Board shall
have fixed for the termination of the ESOP Trust Fund, the Plan Administrator shall direct the Trustee to allocate to the ESOP Participants any Shares then held by the Trustee and not yet allocated, and the Trustee shall distribute to the ESOP
Participants any whole Shares which have been allocated to their ESOP Accounts but which have not been distributed, shall sell all fractional Shares and distribute the proceeds to the respective ESOP Participants entitled to such fractional Shares,
shall liquidate any remaining assets (other than Shares) held by the ESOP Trust Fund, and shall apply the proceeds of such liquidation and any remaining funds held by the Trustee, the disposition of which is not otherwise provided for, to a
distribution to all ESOP Participants then receiving a final distribution of Shares, in proportion to the whole and fractional Shares to which each is entitled; and the ESOP Trust Fund shall thereupon terminate. 

  
 135 

 ARTICLE XV 

Defined Contribution Pension Formula 

15.01 Defined Contribution Pension Formula – In General 

(a) Defined Contribution Pension Formula – Establishment 

Effective as of July 1, 2013, the Company has established the Defined Contribution Pension Formula (“DCPF”) which is a separate
defined contribution pension formula and is on behalf of, negotiated, and agreed upon, by Local 3 and CECONY. Subsequently, the DCPF may be available to other groups. 

(b) Effective on and after June 1, 2014, O&R has established the DCPF on behalf of, negotiated, and agreed upon by
Local 503 and O&R. 
 (c) Except as otherwise provided in this Article XV, the provisions in the Thrift Savings Plan
that would apply to a defined contribution pension formula, such as the sections setting forth Plan Administration, may apply to the DCPF and are not repeated in this Article XV. 

15.02 Participation in the DCPF for a Local 3 Employee – Pension Choice 

(a) Each Local 3 Employee who is hired on or after June 30, 2013, will have a period of time to make a Pension Choice
election to be covered under the cash balance pension formula in the Retirement Plan or to be covered under this DCPF. He or she will receive information regarding the Pension Choice as soon as practicable following his or her date of hire. 

(b) If he or she makes no election by the end of the 60-day period, he or she will become a Participant in the DCPF. He or she
will begin participation after completing three months of service in the first month of the immediately following calendar quarter, or if not administratively practicable, in the first month of the next following calendar quarter. 

  
 136 

 (c) Entry dates are the first day of each calendar quarter. 

(d) Whether such Local 3 Employee elects to participate or is deemed to have elected to participate, his or her Pension Choice
is irrevocable. 
 15.03 Participation Rules for a Local 3 Employee Transferring From the Retirement Plan 

(a) An individual who: (i) is a Local 3 Employee; (ii) covered under the cash balance pension formula in the
Retirement Plan; and (iii) has elected to transfer out of the cash balance pension formula in the Retirement Plan and into the DCPF, will become covered under the DCPF as soon as practicable following the date that his or her Pension Choice
election form has been properly submitted. 
 (b) If such Local 3 Employee makes and properly submits his or her Pension
Choice election in the first or second month of a calendar quarter, he or she will begin participation on the first day of the next calendar quarter. If he or she submits his or her Pension Choice election in the third month of a calendar quarter,
he or she will begin participation in the first month of the immediately following second calendar quarter. 
 (c) Entry
dates are the first day of a calendar quarter. 
 (d) Each Participant who has transferred from the cash balance formula will
be credited with his or her Years of Service since his or her date of hire with the Employer for the purpose of determining his or her vested status. 

(e) Each Participant who has transferred from the cash balance formula will be credited with his or her Years of Service since
his or her date of hire with the Employer for the purpose of determining his or her points for Compensation Credits. 
 15.04
Participation Rules for an O&R Hourly Employee Transferring From the Retirement Plan – Pension Choice 
 (a)
Effective January 1, 2015, a pension choice will be given to an O&R Hourly Employee who is covered under the Cash Balance Formula in the Retirement Plan as of May 31, 2014. 

  
 137 

 (b) An O&R Hourly Employee who was hired between January 1, 2010, and
May 31, 2014, and is covered under the Cash Balance Formula in the Retirement Plan will be given a one-time opportunity to irrevocably elect to transfer out of the Retirement Plan and into the Defined Contribution Pension Formula. The election
period for such O&R Hourly Employee will begin as soon as administratively practicable, subject to statutory requirements, but no later than January 1, 2015, and will end on December 31, 2015. 

(c) If the O&R Hourly Employee elects to transfer out of the Retirement Plan and to be covered under the Defined
Contribution Pension formula, he or she will cease active participation in the Retirement Plan, effective as soon as administratively practicable after receipt of his or her election form (“Election Effective Date”), and will be covered
under the Defined Contribution Pension formula thereafter. 
 (d) As of the Election Effective Date, for an O&R Hourly
Employee who elects to cease active participation in the Retirement Plan and to be covered under the Defined Contribution Pension formula, there will be no additional compensation credits to the O&R Hourly Employee’s Cash Balance Pension
allowance. 
 (e) As of the Election Effective Date, such an O&R Hourly Employee’s Cash Balance Pension allowance
will continue to receive interest credits until the date that he or she begins distribution of his or her Cash Balance Pension allowance from the Retirement Plan. The interest rate is based on 30-year U.S. Treasury bonds, subject to a minimum floor
of 4% and a maximum ceiling of 9%. 
 (f) Each O&R Hourly Employee hired between January 1, 2010 and June 1,
2014, will be educated on his or her benefit options by O&R. 
 15.05 Defined Contribution Pension for an O&R Hourly Employee
Hired On or After June 1, 2014 
 (a) The Company will establish a separate Defined Contribution Pension Account for
each employee and will contribute, at the end of each calendar quarter (end of March, June, September, and December), or as soon as administratively possible, a Compensation Credit on behalf of each such O&R Hourly Employee in accordance with
the DCPF set forth below. 

  
 138 

 15.06 Defined Contribution Pension Formula 

(a) The Company will contribute at the end of each calendar quarter (end of March, June, September, and December), or as soon
as administratively practicable, a Compensation Credit on behalf of each Participant covered under the DCPF in accordance with the following formula: 
  

											
	 Points (Age Plus Service)*as of the Allocation Date
	  	Percentage of
Compensation**
Earned in
the quarter	 	 	 	  	Percentage of
year-to-date
Compensation**
that exceeds the Social
Security
Wage Base	 
	 Under 35
	  	 	4.00	% 	 		  	 	4.00	% 
	 35 – 49
	  	 	5.00	% 	 		  	 	4.00	% 
	 50 – 64
	  	 	6.00	% 	 		  	 	4.00	% 
	 Over 64
	  	 	7.00	% 	 	Plus	  	 	4.00	% 

  

	*	Points are based on age and service at the end of each calendar quarter. 

	**	Compensation for a Local 3 Employee means basic straight-time compensation plus Sunday premium pay, night shift, and midnight shift differential premium pay, calculated to the nearest whole dollar. 

	**	Compensation for an O&R Hourly Employee means basic straight-time compensation, calculated to the nearest whole dollar. 

(b) Basic straight-time compensation is determined based on the Participant’s rate of pay in the last pay period in the
Calendar quarter. Sunday premium pay, night shift, and midnight shift differential premium pay are based on amounts actually earned during the preceding calendar quarter. 

(c) A 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 Compensation he or she received in such calendar quarter at his or her termination
of employment. The Participant will receive his or her applicable 

  
 139 

 
percentage times her or his Compensation as of the date of termination of employment. Additionally, if the Participant has exceeded the Social Security Taxable Wage Base, he or she will receive
an additional 4% allocation on the Compensation in the calendar quarter that has exceeded the Social Security Taxable Wage Base. 

(d) For any period of an authorized, unpaid leave of absence for which the Participant receives Accredited Service (up to but
not to exceed six months), the Participant shall receive Compensation Credits to his or her DCPF Account. The Compensation Credits shall be determined on the assumption that the Participant continued to receive during the leave period his or her
Compensation (excluding any Sunday premium pay and night shift and midnight shift differential premium pay during the calendar quarter) based on the rate of pay in effect for such Participant immediately prior to such leave of absence. 

15.07 Participant Investment Directions and Choices for the DCPF Account 

(a) The first Employer’s Compensation Credit Contributions to a Participant’s DCPF Account will be invested in the
default investment option under the Thrift Savings Plan (“Qualified Default Investment Alternative”). Until the Participant directs otherwise, all future compensation credit contributions will continue to be invested in the Qualified
Default Investment alternative. A Participant’s entire DCPF Account, whether or not vested, is available for Participant investment direction. 

(b) Each Participant is entitled to direct the investment of his or her Defined Contribution Pension Formula Account, in any or
all of the investment funds available under, and in such manner and on such terms and conditions as set forth under the 401 (k) Formula. 

(c) The DCPF Account cannot be invested in the Company Stock Fund. 

(d) Each Participant is fully responsible for the investment directions and asset allocations of his or her DCPF Account. The
Company is not responsible for how the DCPF Account is invested or for any or all losses resulting from the investment decisions made by the Participant. 

(e) While many of the other provisions, terms and conditions included in the Thrift Savings Plan apply to this Article XV,
and acknowledging redundancy, the following Sections of Article IV and Article V apply to the DCPF Account: Sections 4.01, 4.03, 4.04, 4.06, 5.01, 5.02, 5.05, 5.06, 5.07 and 5.08. 

  
 140 

 15.08 Vesting in Compensation Credit Contributions 

(a) Each Participant who is not an O&R Hourly Employee will be 100% vested in his or her DCPF Account upon completion of
three years of vesting service. An O&R Hourly Employee will be 100% fully vested immediately in his or her Defined Contribution Pension Account. 

(b) If his or her DCPF Account is not yet 100% vested, he or she will become 100% vested upon attainment of normal retirement
age (age 65). 
 (c) A Participant who terminates employment before becoming 100% vested will forfeit his or her DCPF
Account. 
 15.09 Form and Timing of Distributions 

(a) Timing of Distributions 

Upon termination from employment with the Company and any Affiliate, distributions will be made as follows: 

 

	 	(i)	if the vested portion of the Participant’s Account Balance equals or is less than $1,000, his or her DCPF Account will be distributed in a single lump sum as soon as practicable; or 

 

	 	(ii)	unless and until the Participant requests an earlier distribution, if distribution will be deferred until April 1 of the calendar year following the calendar year in which the Participant attains age 65.

 (b) Termination of employment entitling a Participant to a distribution does not occur in the event of a
corporate transaction in which there is a transfer of the Account Balances of Participants affected by the corporate transaction to a plan maintained or created by the affected Participant’s new employer. 

  
 141 

 (c) The Participant may elect an immediate or deferred distribution, subject to
Code Section 401 (a)(9), Article XIV, if applicable, and, in such manner and on such conditions as may be prescribed by the Plan Administrator, any of the following: 
  

	 	(i)	a distribution of the Participant’s Vested Account Balance in a single lump sum; 

  

	 	(ii)	monthly, quarterly or annual periodic installment payments in a fixed dollar amount or fixed percentage amount; or 

  

	 	(iii)	a distribution of all or part. 

 (d) If a Participant’s distribution is
deferred until April 1 of the calendar year following the calendar year in which the Participant attains again 70 1⁄2, the Participant may elect, in such
manner and on such condition as may be presented by the Plan administrator; 
  

	 	(i)	a distribution in a single lump sum, or 

  

	 	(ii)	a distribution in the required minimum amounts and over the applicable distribution period prescribed under the Code’s minimum distribution rules. If the Participant fails to make an election, the distribution
shall be made in quarterly installments. 

  

	 	(iii)	Any distribution of less than all of a Participant’s Vested Account Balance shall be made pro-rata from the Investment Funds in which the Account Balance in invested. 

15.10 Death Benefits 

(a) If a Participant dies before his or her distribution has begun, a death benefit equal to the vested DCPF Account will be
payable to the Participant’s Beneficiary. 
 (b) If the Participant is married on his or her date of death, his or her
Beneficiary is his or her Surviving Spouse. 
 (c) If the Participant is not married on his or her date of death, his or her
Beneficiary will be the person he or she has designated. 

  
 142 

 (d) His or her Beneficiary may elect a form and timing of payment so long as his
or her election complies with the distribution rules codified in Code Section 401(a)(9) and the final regulations set forth in Treasury Regulations 1.401(a)(9) as in effect at the time of the distribution. The Beneficiary’s benefit will be
paid as soon as practicable following the Participant’s date of death. If the Surviving Spouse is the Beneficiary he or she may defer a distribution up to the date the Participant would have attained age 65, in accordance with Code
Section 401(a)(9). 
 (e) If the vested 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 Participant’s estate or legal representative. 

15.11 Proof of Death and Right of Beneficiary or Other Person 

The Plan Administrator and/or the Record Keeper may require and rely upon such proof of death and such evidence of the right of any
Beneficiary or other person to receive the value of the vested DCPF Account as the Plan Administrator or Record Keeper may deem proper. His or her determination of the right of that Beneficiary or other person to receive payment will be conclusive.

 15.12 Distribution Limitation 

All distributions shall conform to the regulations issued under Code Section 401(a)(9), including the incidental death benefit provisions
of Code Section 401(a)(9)(G). Such regulations override any Plan provision that is inconsistent with Code Section 401(a)(9). 

  
 143 

 APPENDIX A 

Participating Employers 

ARTICLE XVI 
  

	A.	List of Participating Employers 

 The following list sets forth: 

 

	 	(i)	the Participating Employers, 

  

	 	(ii)	the effective date of each Employer’s participation, and 

  

	 	(iii)	the designation of those employees who will become Participants or continue their participation in the Plan. 

  

					
	Name of Company	  	Effective Date of
Participation	  	Eligible Employees
			
	Consolidated Edison Development, Inc.	  	May 1, 1996	  	All otherwise Eligible Employees.
			
	Consolidated Edison Solutions, Inc.	  	May 1, 1997	  	All otherwise Eligible Employees.
			
	Consolidated Edison Communications, Inc.	  	February 1, 1999	  	All otherwise Eligible Employees.
			
	Consolidated Edison Energy, Inc.	  	March 1, 1998	  	All otherwise Eligible Employees.
			
	Orange and Rockland Utilities, Inc.	  	January 1, 2001	  	All otherwise Eligible Employees
			
	Consolidated Edison Energy Massachusetts, Inc.	  	July 18, 1999	  	Employees working at the Western Massachusetts Electric Cogeneration Facility.
			
	CED Operating Company, L.P.	  	June 1, 2000	  	Employees working at the Lakewood Cogeneration Facility

  
 144 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
		
	ARTICLE I Definitions	  	 	10	  
			
	 1.01
	    	 Account Balance
	  	 	10	  
	 1.02
	    	 Actual Deferral Percentage
	  	 	10	  
	 1.03
	    	 Affiliate
	  	 	11	  
	 1.04
	    	 After-Tax Contribution
	  	 	12	  
	 1.05
	    	 After-Tax Contributions Subaccount
	  	 	12	  
	 1.06
	    	 Annual Dollar Limit
	  	 	12	  
	 1.07
	    	 Annuity Starting Date
	  	 	12	  
	 1.08
	    	 Average Contribution Percentage
	  	 	13	  
	 1.09
	    	 Average Actual Deferral Percentage
	  	 	13	  
	 1.10
	    	 Beneficiary
	  	 	13	  
	 1.11
	    	 Board
	  	 	13	  
	 1.12
	    	 Break in Service
	  	 	13	  
	 1.13
	    	 CECONY
	  	 	14	  
	 1.14
	    	 CECONY Management Employee
	  	 	14	  
	 1.15
	    	 CECONY Management Participant
	  	 	14	  
	 1.16
	    	 CECONY Management Plan
	  	 	14	  
	 1.17
	    	 CECONY Participant
	  	 	14	  
	 1.18
	    	 CECONY Weekly Employee
	  	 	14	  
	 1.19
	    	 CECONY Weekly Participant
	  	 	14	  
	 1.20
	    	 CECONY Weekly Plan
	  	 	14	  
	 1.21
	    	 CEI
	  	 	14	  
	 1.22
	    	 CEI Affiliate or CEI Affiliates
	  	 	15	  
	 1.23
	    	 CEI Employee
	  	 	15	  
	 1.24
	    	 CEI Participant
	  	 	15	  
	 1.25
	    	 Code
	  	 	15	  
	 1.26
	    	 Company
	  	 	15	  
	 1.27
	    	 Company Stock Fund
	  	 	15	  
	 1.28
	    	 Compensation
	  	 	15	  
	 1.29
	    	 Compensation Credit Contributions
	  	 	17	  
	 1.30
	    	 Contribution Percentage
	  	 	17	  
	 1.31
	    	 Cost-of-Living Adjustment
	  	 	17	  
	 1.32
	    	 DCPF Account
	  	 	17	  
	 1.33
	    	 Disability
	  	 	18	  
	 1.34
	    	 Eligible Employee
	  	 	18	  
	 1.35
	    	 Employee
	  	 	18	  
	 1.36
	    	 Employer
	  	 	18	  
	 1.37
	    	 Employer Contribution
	  	 	18	  
	 1.38
	    	 Employer Matching Contribution
	  	 	18	  
	 1.39
	    	 Employer Contributions Subaccount
	  	 	19	  

  
 i 

							
	 1.40
		 ERISA
		 	19	  
	 1.41
		 ESOP
		 	19	  
	 1.42
		 ESOP Effective Date
		 	19	  
	 1.43
		 ESOP Trust Fund
		 	19	  
	 1.44
		 Excess Aggregate Contributions
		 	19	  
	 1.45
		 Excess Contributions
		 	20	  
	 1.46
		 Excess Elective Deferral (aka Excess Pre-Tax Contributions) Percentage
		 	20	  
	 1.47
		 Excess Pre-Tax Contributions
		 	21	  
	 1.48
		 Highly Compensated Employee
		 	21	  
	 1.49
		 Hour of Service
		 	21	  
	 1.50
		 Investment Fund
		 	22	  
	 1.51
		 Investment Manager
		 	22	  
	 1.52
		 Leased Employee
		 	22	  
	 1.53
		 Loan Reserve
		 	23	  
	 1.54
		 Local 1-2 Employee
		 	23	  
	 1.55
		 Local 3 Employee
		 	23	  
	 1.56
		 Named Fiduciaries
		 	23	  
	 1.57
		 Non-Highly Compensated Management Employee
		 	23	  
	 1.58
		 Non-Participating Contribution
		 	24	  
	 1.59
		 O&R
		 	24	  
	 1.60
		 O&R Employee
		 	24	  
	 1.61
		 O&R Hourly Employee
		 	24	  
	 1.62
		 O&R Hourly Plan
		 	24	  
	 1.63
		 O&R Management Employee
		 	24	  
	 1.64
		 O&R Management Plan
		 	24	  
	 1.65
		 O&R Participant
		 	25	  
	 1.66
		 Participant
		 	25	  
	 1.67
		 Participating Contribution
		 	25	  
	 1.68
		 Payroll Period
		 	25	  
	 1.69
		 Plan
		 	25	  
	 1.70
		 Plan Administrator
		 	25	  
	 1.71
		 Plan Year
		 	25	  
	 1.72
		 Pre-Tax Contribution
		 	26	  
	 1.73
		 Pre-Tax Contributions Subaccount
		 	27	  
	 1.74
		 Prior Plan or Prior Plans
		 	27	  
	 1.75
		 Record Keeper
		 	27	  
	 1.76
		 Retirement
		 	27	  
	 1.77
		 Rollover Contributions
		 	29	  
	 1.78
		 Rollover Contributions Subaccount
		 	29	  
	 1.79
		 Roth Contributions
		 	29	  
	 1.80
		 Roth Contributions Subaccount
		 	29	  
	 1.81
		 Section 125 Contributions
		 	29	  
	 1.82
		 Section 132 Contributions
		 	29	  
	 1.83
		 Shares
		 	29	  
	 1.84
		 Statutory Compensation
		 	29	  

  
 ii 

							
	 1.85
		 Total Compensation
		 	30	  
	 1.86
		 Top Heavy Group
		 	30	  
	 1.87
		 Top-Heavy Plan
		 	30	  
	 1.88
		 Transferred Employer and Employee PAYSOP Contributions
		 	31	  
	 1.89
		 TRASOP
		 	31	  
	 1.90
		 TRASOP Account
		 	31	  
	 1.91
		 TRASOP Trust Fund
		 	31	  
	 1.92
		 Trust Fund
		 	31	  
	 1.93
		 Trustee
		 	31	  
	 1.94
		 Vested Portion
		 	32	  
	 1.95
		 Year of Service
		 	32	  
		
	ARTICLE II Eligibility and Participation		 	33	  
			
	 2.01
		 Eligibility
		 	33	  
	 2.02
		 Participation
		 	33	  
	 2.03
		 Reemployment of Former Employees and Former Participants
		 	35	  
	 2.04
		 Transferred Participants
		 	35	  
	 2.05
		 Termination of Participation
		 	36	  
	 2.06
		 Participation in ESOP
		 	36	  
		
	ARTICLE III Contributions		 	37	  
			
	 3.01
		 Contribution Election
		 	37	  
	 3.02
		 Pre-Tax Contribution Dollar Limitation and Re-characterization
		 	40	  
	 3.03
		 Return of Excess Pre-Tax Contributions
		 	41	  
	 3.04
		 Excess Deferrals to Other Plans
		 	41	  
	 3.05
		 Participating Contributions Eligible for Employer Contributions
		 	42	  
	 3.06
		 Rollover Contributions
		 	49	  
	 3.07
		 Changes in Contributions
		 	50	  
	 3.08
		 Payment To Trust
		 	51	  
	 3.09
		 No Contributions to TRASOP
		 	51	  
	 3.10
		 Catch-Up Contributions
		 	51	  
	 3.11
		 Employer Contributions to ESOP
		 	52	  
		
	ARTICLE IV Investment Elections – Timing and Frequency		 	53	  
			
	 4.01
		 Employer Contributions Election
		 	53	  
	 4.02
		 Participant Pre-Tax Contributions, After-Tax Contributions and Rollover Contributions
		 	53	  
	 4.03
		 Change of Election
		 	53	  
	 4.04
		 Certification to Company
		 	54	  
	 4.05
		 Forfeitures
		 	54	  
		
	ARTICLE V The Trust Fund - Investments		 	55	  
			
	 5.01
		 Trust Agreement
		 	55	  
	 5.02
		 Investment of Trust Fund
		 	55	  
	 5.03
		 Company Stock Fund
		 	58	  

  
 iii 

							
	 5.04
		 Accounts and Subaccounts
		 	60	  
	 5.05
		 Statements of Account
		 	60	  
	 5.06
		 Responsibility for Investment
		 	61	  
		
	ARTICLE VI Vesting		 	64	  
			
	 6.01
		 Participant Contributions
		 	64	  
	 6.02
		 Employer Contributions
		 	64	  
	 6.03
		 Special Vesting Rules
		 	65	  
		
	ARTICLE VII Distributions, Withdrawals and Forfeitures		 	67	  
			
	 7.01
		 Voluntary Termination or Termination by the Company - Forfeitures
		 	67	  
	 7.02
		 Death
		 	68	  
	 7.03
		 Withdrawals
		 	68	  
	 7.04
		 Hardship Withdrawals
		 	74	  
	 7.05
		 Distribution from Company Stock Fund
		 	77	  
	 7.06
		 Leaves of Absence
		 	77	  
	 7.07
		 Age 70 1⁄2 Required
Distribution
		 	78	  
	 7.08
		 Form and Timing of Distributions
		 	79	  
	 7.09
		 Proof of Death and Right of Beneficiary or Other Person
		 	81	  
	 7.10
		 Distribution Limitation
		 	81	  
	 7.11
		 Direct Rollover of Certain Distributions
		 	82	  
		
	ARTICLE VIII Non-Discrimination and Limitation		 	86	  
			
	 8.01
		 Actual Deferral Percentage Test
		 	86	  
	 8.02
		 Actual Contribution Percentage Test
		 	89	  
	 8.03
		 Separate Non-Discrimination Testing
		 	90	  
	 8.04
		 Maximum Annual Additions
		 	90	  
		
	ARTICLE IX Loans		 	94	  
			
	 9.01
		 Loans Permitted
		 	94	  
	 9.02
		 Amount of Loans
		 	94	  
	 9.03
		 Source of Loans
		 	95	  
	 9.04
		 Interest Rate
		 	96	  
	 9.05
		 Repayment
		 	96	  
	 9.06
		 Multiple Loans
		 	98	  
	 9.07
		 Pledge
		 	98	  
	 9.08
		 Loan Reserve
		 	98	  
	 9.09
		 Minimum Account Balance
		 	99	  
	 9.10
		 Other Terms
		 	99	  
		
	ARTICLE X Administration of the Plan, ESOP and TRASOP		 	100	  
			
	 10.01
		 Named Fiduciaries and Plan Administrator of Plan ESOP and TRASOP
		 	100	  
	 10.02
		 Authority of Plan Administrator
		 	101	  
	 10.03
		 Reliance on Reports
		 	102	  
	 10.04
		 Delegation of Authority
		 	102	  

  
 iv 

							
	 10.05
		 Administration Expenses
		 	102	  
	 10.06
		 Fiduciary Insurance
		 	103	  
	 10.07
		 Claim Review
		 	104	  
	 10.08
		 Appointment of Trustee
		 	105	  
	 10.09
		 Limitation of Liability
		 	105	  
		
	ARTICLE XI Miscellaneous		 	106	  
			
	 11.01
		 Exclusive Benefit - Amendments
		 	106	  
	 11.02
		 Termination - Sale of Assets of Subsidiary
		 	106	  
	 11.03
		 Beneficiaries
		 	107	  
	 11.04
		 Assignment of Benefits
		 	109	  
	 11.05
		 Merger
		 	110	  
	 11.06
		 Conditions of Employment Not Affected by Plan
		 	111	  
	 11.07
		 Facility of Payment
		 	111	  
	 11.08
		 Information
		 	111	  
	 11.09
		 Additional Participating Employers
		 	111	  
	 11.10
		 IRS Determination
		 	112	  
	 11.11
		 Mistaken Contributions
		 	113	  
	 11.12
		 Prevention of Escheat
		 	113	  
	 11.13
		 Construction
		 	114	  
		
	ARTICLE XII Top-Heavy Provisions		 	115	  
			
	 12.01
		 Application of Top-Heavy Provisions
		 	115	  
	 12.02
		 Minimum Benefit for Top-Heavy Year
		 	115	  
	 12.03
		 Minimum Benefits
		 	116	  
	 12.04
		 Aggregation Groups
		 	116	  
	 12.05
		 Special Benefit Limits
		 	117	  
	 12.06
		 Special Distribution Rule
		 	117	  
		
	ARTICLE XIII Tax Reduction Act Stock Ownership Plan		 	118	  
			
	 13.01
		 Purpose - Separate Entity
		 	118	  
	 13.02
		 TRASOP Accounts - Application of Dividends
		 	119	  
	 13.03
		 Voting Rights, Options, Rights, and Warrants
		 	120	  
	 13.04
		 Distribution of Shares
		 	120	  
	 13.05
		 Diversification of TRASOP Accounts
		 	125	  
		
	ARTICLE XIV Employee Stock Ownership Plan		 	127	  
			
	 14.01
		 Purpose - Separate Entity
		 	127	  
	 14.02
		 Special Definitions for ESOP
		 	128	  
	 14.03
		 Participation in ESOP
		 	129	  
	 14.04
		 Employer Contributions
		 	129	  
	 14.05
		 Purchase of Shares
		 	129	  
	 14.06
		 Dividends
		 	130	  
	 14.07
		 Voting Rights, Options, Rights, and Warrants
		 	131	  
	 14.08
		 Transferability
		 	132	  

  
 v 

							
	 14.09
		 Diversification
		 	132	  
	 14.10
		 Distribution of Shares
		 	133	  
		
	ARTICLE XV		 	136	  
			
	 15.01
		 Defined Contribution Pension Formula – In General
		 	136	  
	 15.02
		 Participation in the DCPF for a Local 3 Employee – Pension Choice
		 	136	  
	 15.03
		 Participation Rules for a Local 3 Employee Transferring From the Retirement Plan
		 	137	  
	 15.04
		 Defined Contribution Pension Formula
		 	139	  
	 15.05
		 Participant Investment Directions and Choices for the DCPF Account
		 	140	  
	 15.06
		 Vesting in Compensation Credit Contributions
		 	141	  
	 15.07
		 Form and Timing of Distributions
		 	141	  
	 15.08
		 Death Benefits
		 	142	  
	 15.09
		 Proof of Death and Right of Beneficiary or Other Person
		 	143	  
	 15.10
		 Distribution Limitation
		 	143	  
		
	ARTICLE XVI		 	144	  

  
 vi

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