D. Pension Enhancement Option

You may buy up your Normal or Early Retirement, or Disability Pension by exercising a pension enhancement option. At the time of your retirement, you will be provided an opportunity to make a one-time single sum rollover from your Northern California Electrical Workers Money Purchase Pension Plan individual account to this Plan in order to enhance your monthly benefit under this Plan. Once the first enhanced pension payment has been made, the enhancement election is irrevocable.

Pension enhancement rollovers to this Plan must be at least $10,000. Selection of this option must be made within 90 days of receipt of benefits by early and normal retirement pensioners, the form of benefit will be the same as selected for the regular benefit under this Plan, and all distribution provisions will apply including benefit suspension rules and death benefit provisions.

Benefits payable under the enhancement option shall be determined actuarially based on the amount of the single sum rollover, the age or ages of the pensioner and survivor (if applicable), Plan actuarial return assumptions, and mortality tables. The Plan Office makes and provides to the Participant, a calculation of the enhancement benefit prior to a Participant’s decision about whether to exercise the enhancement option.