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(b) Circumstances Where No Adjustment Is Required: No actuarial adjustment to the annual benefit is required for (a) the value of a qualified joint and survivor annuity, (b) benefits that are not directly related to retirement benefits (such as the qualified disability benefit, pre-retirement death benefits, and post-retirement medical benefits), and (c) the value of post-retirement cost-of-living increases made in accordance with Code §415(d) and regulation §1.415-3(c)(2)(iii). The annual benefit does not include any benefits attributable to employee contributions or rollovers, or the assets transferred from a qualified plan that was not maintained by the employer. The annual benefit does not x' include any benefits attributable to mandatory employee contributions or voluntary employee contributions or rollover contributions, or the assets transferred from a qualified retirement plan that was not maintained by the employer. 3. Defined Benefit Dollar Limitation And Defined Benefit Compensation Limitation: The term defined benefit dollar b limitation means $160,000, as adjusted, effective January 1 of each year, under Code §415(d) in such manner as the Secretary shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Code §415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. The term defined benefit compensation limitation means 100% of a member's highest average compensation, payable in the form of a straight life annuity. 4. Defined Benefit Fraction: The term defined benefit fraction means a fraction, the numerator of which is the sum of the member's projected annual benefit under all employer maintained defined benefit plans (whether or not terminated), and the denominator of which is the lesser of 125% of the dollar limitation applicable to the member determined for the limitation year under Code §4l5(b)(1)(A) and (d), or 140% of the highest average compensation, including any adjustments under Code §415(b)(5), ` both adjusted as necessary under paragraph (g). If the member was a member on the first day of the first limitation year beginning after December 31, 1986, in one or more employer maintained defined benefit plans which were in existence on May 6, 1986, the denominator of this fraction will not be less than 125% of the sum of the annual benefits thereunder which the member had accrued as of the close of the last limitation year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the plan after May 5, 1986. The preceding sentence applies only if the 1 defined benefit plans individually and in the aggregate satisfied the Restated Police Pension Plan—City of University City Page 25 3