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Each Investment Account shall be credited with (i) except as othdwise provided in Section 2.62.150(L), all amounts contributed by the employee prior to May 1, 2001 under Section 2.62.050, if any, plus interest on each such amount from the date it was contributed through May 1, 2001 (or, in the case of an employee who is not in service during the period beginning September 1, 2000 and ending May 1, 2001, the date the employee is reinstated in the police or fire department) at the rate of eight percent compounded annually; and (ii) all amounts contributed by the employee after April 30, 2001 under Section 2.62.050(i), subject to the limitations of the Internal Revenue Code, Section 415, and the regulations thereunder. An employee who has an Investment Account established under Section 2.62.051 (A) and has completed ten (10) years of service (hereinafter referred to in this Section 2.62.051 (C) as the "vesting date") may elect to have an amount credited to his or her Investment Account equal to (i) the present value of the employee's deferred retirement benefit under Section 2.62.150(J) accrued as of his or her vesting date, determined using an interest rate of seven percent and the 1983 Group Annuity Mortality Table; less (ii) the sum of (a) all amounts contributed by the employee under Section 2.62.050 prior to May 1,2001 and on or before his or her vesting date, (b) all amounts that would have been contributed by the employee under Section 2.62.050 after April 30, 2001 and on or before his or her vesting date if such contributions were determined on the basis of the base salary, and (c) interest on each such amount from the date it was, or would have been, contributed through the employee's vesting date at the rate of seven percent compounded annually; plus (iii) in the case of an employee whose vesting date was prior to May 1, 2001, interest on the amount determined in accordance with (i) and (ii) from his or her vesting date through May 1, 2001 (or, in the case of an employee who is not in service during the period beginning September I, 2000 and ending May 1, 2001, the date the employee is reinstated in the police or fire department) at the rate of eight percent compounded annually. An election under this Section 2.62.051(C) must be made, upon forms provided by the board of trustees, within sixty (60) days after May 1, 2001 (or, in the case of an employee who is not in service during the period beginning September 1,2000 and ending May 1,200 I, the date the employee is reinstated in the police or fire department) in the case of an employee whose vesting date was prior to May 1, 2001, or within sixty (60) days after any other employee's vesting date, as applicable. Amounts credited to an employee's Investment Account under Section 2.62.051 (B) or (C) shall be invested as elected by the employee in one or more investment funds made available by the board of trustees. As of any valuation date described in Section 2.62.051 (E), an employee may elect to transfer all or part of the balance credited to his or her Investment Account among such investment funds. Elections under this Section 2.62.05 i(D) shall be made in accordance with rules and procedures established, and upon forms (or such other medium) provided, by the board of trustees or, if authorized by the board, the manager of the investment funds. 124253805 - 3 -