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to 20% of the basic annual salary received by the participant at the
time of retirement, plus 1% of that salary for each year of service
at the University. The amount of annual supplemental retirement
income to be provided shall be determined according to the formula
provided in III.B.1.

Information regarding computation of the minimum annual retirement
benefit and annual supplemental retirement income for the participant
employed prior to July 1, 1964, and who has been continuously employed
since that date, is provided in Section III.B.l.

4. Group IV Personnel

For each Group IV employee (see I.D.1) who was employed by the University
prior to January 1, 1973, and whose University employment includes periods
of service covered in part by the United States Civil Service Retirement
Plan and in part by the TIAA/CREF funded retirement plan and/or by the
older University unfunded plan, the University will provide an annual
supplemental retirement income during the lifetime of the employee,
where necessary, to assure a minimum annual retirement benefit equal
to that which would have been received had all service been exclusively
under the University's unfunded retirement plan. The amount of supple-
mental retirement income, if any, to be provided shall be computed
using the following equation or formula:

  Fixed Annual         Computedl       fComputed2        [ FComputed3
  Supplemental         Minimum          Annual            Annual Benefit
  Retirement           Annual           Benefit from j -  from Civil
  Income               Retirement       TIAA/CREF         Service
       _ _ i ~~~Benefit                 Accumulations     ReieetPlan

   Computed as explained in Section III.B.1

   2Computed on the basis of assumptions in Section III.B.5.(a)

   3Computed on the basis of assumption in Section III.B.5.(b)

Under the conditions of this formula, an employee would receive supple-
mental retirement income only if the sum of the computed annual benefit
from the Civil Service retirement plan plus the computed annual retire-
ment benefit received from TIAA/CREF accumulations is less than the
computed minimum annual retirement benefit to which the employee is
entitled.

If an employee eligible for Civil Service retirement benefits elects
to retire at an age earlier than the University retirement age of 65,
all retirement benefits will be calculated on the age attained at
retirement rather than age 65. Any University supplemental retire-
ment benefit due the employee will be deferred until the employee
attains age 65.