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deductible contributions to a simplified employee pension plan, or voluntary deductible contributions. Annual Additions shall not include any repayment of contributions (including interest thereon) to this Plan pursuant to the provisions of Section 2.62.240 by reason of the application of Code Section 415(k)(3). 2. Annual Benefit: The term annual benefit means a retirement benefit under the plan that is payable annually in the form of a straight life annuity. (a) Actuarial Adjustments To Annual Benefit: Except as otherwise provided in subparagraph (2) below, a benefit payable in a form other than a straight life annuity must be adjusted to be the actuarial equivalent of a straight life annuity before applying the limitations of this Article 6 as follows: (i) For Limitation Years beginning before January 1, 1995, such actuarial equivalent will be based on the mortality factors specified under the terms of the plan as in effect before such date and is equal to the greater of the annuity benefit computed using an interest rate of 5% or the interest rate(s) specified for determining actuarial equivalence under the terms of the plan as in effect before such date. (ii) For limitation years beginning on or after January 1, 1995, such actuarial equivalent is the greater of the annuity benefit computed using the interest rate and mortality table in Section 1.2(d), and the annuity benefit computed using a 5% interest rate and the applicable mortality table in Section 1.2(f). In determining such actuarial equivalent for a benefit form other than a non-decreasing annuity payable for a period of not less than the life of the member (or, in the case of a qualified preretirement survivor annuity, the life of the surviving spouse), or decreases during the life of the member merely r' because of (i) the death of the survivor annuitant (but only if the reduction is not below 50% of the annual benefit payable before the death of the survivor annuitant), or (ii) the cessation or reduction of Social Security supplements of qualified disability payments as defined in Code §401(a)(11), "the applicable interest rate" as defined in Section 1.2(f) will be substituted for "a 5% interest rate" in the preceding sentence. Restated Police Pension Plan— City of University City Page 24