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(b) Age on Applicable Date: The actuarial equivalent of an accrued benefit will be determined as of the applicable date on the basis of the payee's actual age. If a benefit is initially determined and thereafter there is an administrative delay in the actual payment of benefits, the administrator shall determine in a manner consistently applied on a nondiscriminatory basis whether the benefit will be adjusted. Any such adjustment may either add interest to the date of actual distribution or the benefit may be revalued based on the payee's then current actual age as of the date benefits are paid. (c) Amendment of Actuarial Equivalence: Except as may otherwise be permitted by the Code and by the regulations issued thereunder, if the definition of actuarial equivalence is amended, in no event will the lump sum actuarial equivalent of an accrued benefit determined on the date a benefit commences be less than the actuarially equivalent value of the accrued benefit as determined one day prior to the date of change, based on the terms of the plan as in effect on such day. (d) Actuarial Equivalence Factors: Actuarial equivalence will be determined on the basis of the following mortality table and interest rates: 6.5% interest and the RP2000 Combined Mortality Table. The GATT 4I7(e) Date applicable for this plan shall be the first day of the plan year which begins on or after January 1, 2000. (e) Code §417(e) PBGC Factors: If the annuity starting date is prior to the GATT 417(e) Date the mortality table is as stated in (d) above and interest is based on the applicable interest rate. The applicable interest rate is the interest rate as of either the date benefits are computed to be payable or the first day of the plan year which contains the annuity starting date which would be used by the Pension Benefit Guaranty Corporation for a trusteed single-employer plan to value a benefit upon termination of an insufficient trusteed single-employer plan. The Code §417(e) interest rate limitations will apply to distributions in plan years beginning after 1984; but the Code §417(e) interest rate will not apply to any distributions beginning in plan years before 1987, if such distributions were determined in accordance with the interest rates as required by Regulation §1.417(e)-1T(e) (including the PBGC immediate interest rate). (f) Code §417(e) GATT Factors: The applicable interest rate is the rate of interest on 30 year Treasury securities as specified by the Commissioner for the applicable lookback month for the applicable stability period. The applicable lookback month shall be the third calendar month preceding the first day of the applicable stability period. The applicable stability period shall be the successive period of one plan quarter that contains the annuity starting date for the distribution and for which the applicable interest rate remains constant. If the date herein for determining the applicable interest Restated Nonuniformed Pension Plan—City of University City Page 2