Accrued Benefit

1.01 - Accrued Benefit means the amount of the annual pension payable in the form pursuant to Section 7.04 beginning at or after the Participant's Normal Retirement Date. The annual amount of the Accrued Benefit will equal (a) plus (b) as follows:

(a)

(i) the sum of:

(A) with respect to Vesting service completed prior to September 1, 1992, the sum of:

(1) $33 multiplied by the number of the Participant's years of Vesting Service, to the next highest 1/12th, credited for service prior to September 1, 1951; plus
(2) 66-2/3% of such participant's total contributions pursuant to Section 5.01 that have been made from September 1, 1951, through August 31, 1992: plus
(3) 2% of the amount accrued under the foregoing paragraph (2) as of August 31, 1983, multiplied by the number of the Participant's years of Vesting Service (without the adjustment described in Section 3.02), to the next highest 1/12th earned during the period from September 1, 1951, through August 31, 1983; plus
(4) 2% of the amount accrued under the foregoing paragraphs (2) and (3) as of August 31, 1985, multiplied by the number of the Participant's years of Vesting Service (without the adjustment described in Section 3.02) between September 1, 1983, and August 31, 1985, rounded to the next highest 1/12th; plus
(5) 2% of the amount accrued under the foregoing paragraphs (2), (3) and (4) as of August 31, 1987, multiplied by the number of the Participant's years of Vesting Service (without the adjustment described in Section 3.02) between September 1, 1985, and August 31, 1987, rounded to the next highest 1/12th; plus
(6) For a Participant who is an Employee as of September 1, 1990, 3% of the amount accrued under the foregoing paragraphs (2), (3), (4) and (5) as of August 31, 1990, multiplied by the number of the Participant's years of Vesting Service (without the adjustment described in Section 3.02) between September 1, 1987, and August 31, 1990, rounded to the next highest 1/12th; plus
(7) For a Participant who is an Employee as of September 1, 1992, the lesser of:

(aa) 66-2/3% of such Participant's total contributions pursuant to Section 5.01 that have been made from September 1, 1991, through August 31, 1992, multiplied by the number of the Participant's years of Vesting Service(without the adjustment described in Section 3.02) from September 1, 1951, through August 31, 1992, rounded to the next highest 1/12, minus the amount of pension benefit determined in the foregoing paragraphs (1) - (6) above, but not less than $0.00; and
(bb) the amount of pension benefit determined under the foregoing paragraphs (1) - (6) as of August 31, 1992, multiplied by 5%; plus

(B)

(ii) 1.84% of the Participant's Final Three Average Earnings multiplied by the Participant's Adjusted Credited Participating Service completed prior to September 1, 2010;

(b)