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(i) For Limitation Years beginning before January 1, <br /> 1995, such actuarial equivalent will be based on the <br /> mortality factors specified under the terms of the <br /> plan as in effect before such date and is equal to the <br /> greater of the annuity benefit computed using an <br /> interest rate of 5% or the interest rate(s) specified <br /> for determining actuarial equivalence under the <br /> terms of the plan as in effect before such date. <br /> (ii) For limitation years beginning on or after January 1, <br /> 1995, such actuarial equivalent is the greater of the <br /> annuity benefit computed using the interest rate and <br /> mortality table in Section 1.2(d), and the annuity <br /> benefit computed using a 5% interest rate and the <br /> applicable mortality table in Section 1.2(f). In <br /> determining such actuarial equivalent for a benefit <br /> form other than a non-decreasing annuity payable <br /> for a period of not less than the life of the member <br /> (or, in the case of a qualified preretirement survivor <br /> annuity, the life of the surviving spouse), or <br /> decreases during the life of the member merely <br /> because of (i) the death of the survivor annuitant <br /> (but only if the reduction is not below 50% of the <br /> annual benefit payable before the death of the <br /> survivor annuitant), or (ii) the cessation or reduction <br /> of Social Security supplements of qualified <br /> disability payments as defined in Code §401(a)(11), <br /> "the applicable interest rate" as defined in Section <br /> 1.2(f) will be substituted for "a 5% interest rate" in <br /> the preceding sentence. <br /> (b) Circumstances Where No Adjustment Is Required: No <br /> actuarial adjustment to the annual benefit is required for (a) <br /> the value of a qualified joint and survivor annuity, (b) <br /> benefits that are not directly related to retirement benefits <br /> (such as the qualified disability benefit, pre-retirement <br /> death benefits, and post-retirement medical benefits), and <br /> (c) the value of post-retirement cost-of-living increases <br /> made in accordance with Code §415(d) and regulation <br /> §1.415-3(c)(2)(iii). The annual benefit does not include any <br /> benefits attributable to employee contributions or rollovers, <br /> or the assets transferred from a qualified plan that was not <br /> maintained by the employer. The annual benefit does not <br /> include any benefits attributable to mandatory employee <br /> contributions or voluntary employee contributions or <br /> rollover contributions, or the assets transferred from a <br />