B. OTHER BENEFIT OPTIONS.

The Plan contains the following benefit options that you may elect (with spousal consent if you are married) once you are entitled to commence receiving your benefits:

1. Lump Sum. One lump sum payment of the entire balance of your individual account.

2. Periodic and Specified Monthly Payments. Equal monthly payments for specified period of 60, 120, or 180 months, or monthly payments in $100 increments (example: $500-$600-$700-$800) until your account is exhausted. The periodic amount you choose may not create an annuity period that will exceed your life expectancy or the joint life expectancies of you and a designated beneficiary.

   If you attain age 70½ and have not received your entire individual account balance, the Plan must ensure that the amount of your remaining distribution meets the Internal Revenue Code minimum distribution rules. That may result in an adjustment to the amount of your benefits at that time.
   
   While you are receiving monthly benefits, your individual account continues to be credited or charged with its pro rata share of the Trust's earnings and expenses.

   Periodic payments will terminate when the account balance, including any gains or losses accrued during the pay-out period, is exhausted. In the event that you die before your account balance is exhausted, payment of what is left in your account will be made to your designated beneficiary.

   NOTE
   If you elect to receive monthly payments, you have the option to change the specified amount once a year, during the month of January, provided that any new pay-out period does not exceed your life expectancy or the joint life expectancies of you and your designated beneficiary.

3. Life Annuity. The single life annuity described in Paragraph A.4. above is also available to a married Participant, subject to spousal consent.

4. Joint and 50% or 100% Survivor Annuity. The Joint and 50% Survivor Annuity form of benefit described in Paragraph A.1. above is also available to non-married persons. In addition, both married and non-married participants may elect a Joint and 100% Survivor Annuity, which will be funded in the same manner as described in Paragraph A.1. above. In the event a Joint and 100% Survivor Annuity is elected by a married participant, no spousal waiver, as described in Paragraph A.1. above, will be required.

5. Optional Annual Partial Lump Sum Payment. A Participant may elect a partial or full lump sum benefit once a year. This option will not, however, be available if you select an annuity policy obtained through an insurance company or other entity.
   

   NOTE - Mandatory Lump Sum Payment- Small Balances
   Notwithstanding any provision herein to the contrary, if your Individual Account Balance is $5,000 or less and you are entitled to a distribution, such amount shall be distributed in a lump sum regardless of your desires. Pursuant to applicable law, no spousal consent is required for such a distribution.

6. Pension Enhancement Option. You may elect to have a one-time irrevocable lump sum rollover from your individual account to the Northern California Electrical Workers Pension Plan ("NCEW Pension Plan") to enhance your monthly benefit under that Plan. The rollover must be at least $10,000 and be made within 90 days of your receipt of benefits from the NCEW Pension Plan. The form of benefit will be the same as that selected for the benefits that you choose under the NCEW Pension Plan, and all distribution provisions, including the benefit suspension rules, will apply. This is a popular alternative to purchasing an annuity through an insurance company since there are no commissions involved.