Retirements Eligibility Criteria * Purchased military service credited time counts toward credited service,but doesn’t count towards vesting requirement. BenefitAge CriteriaYears of Credited Service* Benefit Reduction Reduced Early RetAt least age 52, less than age 62 5 years or more4% for each year to age 62 Regular RetAt least age 625 years or moreNo reduction Unreduced Early RetAt least age 60 – 6120 years or moreNo reduction Unreduced Early RetAt least age years or moreNo reduction

Retirements Survivor Spouse Benefit* Annuity will be reduced by 10% Survivor Spouse will receive 55% Election irrevocable even in divorce situation Spouse pre-deceases retiree – benefit will revert to the amount before reduction. *If you are married, you will be required to elect a surviving spouse benefit (unless your spouse provides written waiver of his/her entitlement) Note, If you are not married, you can still elect a survivor annuity. Your benefit will be actuarially reduced to fund this survivor election. Survivor will receive 55% of your actuarially reduced annuity in force at the time of your death. If survivor predeceases you – benefit will not revert to the amount before reduction.

Retirements Retirement package should include the following: Retirement Application MCCS 89 Form Direct Deposit Form and voided check MCCS 100 Form Social Security Entitlement Letter (up to age 65) – Only required if employee enrolled prior to 1/1/2001 and is at least age 62

Retirements Benefit Application Highlights Timeline for submission and processing Final VP check

Retiree PeopleSoft Data Job Termination Date Marital Status

Retiree PeopleSoft Data Terminating Benefits –Retirement Plans 7Y and 82 do not terminate. –Insurance – EOM or Term Date do not terminate.

Retiree Benefits Age 65 Plan Coverage –(HMO vs. Aetna) MCCS 100 Form 499s

Retiree Benefits Questions? Contact Gabi Neuner or Terry White: Gabi: DSN 378 Terry: DSN 378 Fax: DSN 378