Revision of Contributions Rates

5.08 - Up to August 31, 2004, the total contributions required hereunder by Participants and Participating Employers are 6% of Compensation under the 3% Plan and 8% of Compensation under the 4% Plan.

Commencing September 1, 2004 and up to August 31, 2010, the total contributions required hereunder by Participants and Participating Employers are 6% of Compensation under the 2% Plan (not available after August 31, 2006), 9% of Compensation under the 3% Plan, and 12% of Compensation under the 4% Plan.

Commencing September 1, 2010, the total contributions required hereunder by Participants and participating Employers are 11.10% of Compensation under the 5.55% Plan, 14.00% of Compensation under the 7.00% Plan, and 16.10% of Compensation under the 8.05% Plan.

If, in the opinion of the Trustees, the financial condition of the Trust Fund is such that additional contributions are required in order to provide all benefits specified by the Plan, the Board of Directors can amend the Plan to increase all contribution rates stated in the preceding paragraph, applicable both to Participant and Employer contributions, by up to 25%. Such contribution rates shall become effective 30 days after each Participating Employer shall have been notified of the change.