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	100% Joint and Survivor 75% Joint and Survivor 50% Joint and Survivor

The Plan also provides a Joint and Survivor benefit option. Under this benefit option the member will receive a reduced lifetime monthly benefit in order to provide a lifetime monthly benefit for a beneficiary. All benefits are calculated on the assumed mortality rate of the member and the beneficiary based on their respective ages upon retirement. Because this benefit covers two lifetimes, the benefit is reduced. If the member is married, the spouse must be the designated beneficiary unless the spouse formally consents and forfeits these rights and consents to the designation of another beneficiary. The beneficiary benefit can be 100%, 75% or 50% of the amount the member was receiving prior to death. If the beneficiary should predecease the member, the member's benefit will be increased to the maximum benefit as if no Joint and Survivor benefit option had been elected. Once retirement benefits begin, neither this option nor the beneficiary can be changed.

Spousal consent and waiver of the Joint and Survivor Benefit. The spouse of a member can consent in writing to a waiver of the joint and survivor benefit. The consent shall specify the spouse's voluntary election to relinquish such rights and must specify a beneficiary who will receive the benefit. This election cannot be changed. To obtain a consent form contact the Plan office.