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SUNNYISLES <br />1703779 City of Sunny Isles Beach <br />MAXIMUM BENEFIT PERIOD - Social Security Normal Retirement Age ( SSNRA) (Option 1.00) <br />�enefits for a disabled employee are payable to the employee's Social Security Normal Retirement Age, or the <br />Maximum Benefit Period shown below (whichever is later): <br />Age at Disability <br />Maximum Benefit Period <br />Less than age 60 <br />SSNRA <br />60 <br />60 months <br />61 <br />48 months <br />62 <br />42 months <br />63 <br />36 months <br />64 <br />30 months <br />65 <br />24 months <br />66 <br />21 months <br />67 <br />18 months <br />68 <br />15 months <br />69 and over <br />12 months <br />SOCIAL SECURITY INTEGRATION: Primary and Family Social Security Integration (Option 1.00) <br />The Group Long Term Disability Benefit will be reduced by: <br />- Social Security disability and unreduced retirement benefits which the employee and spouse receives; and <br />- reduced Social Security benefits which the employee and spouse receive. <br />BENEFIT REDUCTIONS from OTHER INCOME: LTD benefits will be reduced by disability or retirement <br />benefits from the following sources. <br />• Social Security benefits, described above <br />Disability benefits for which the employee receives under: <br />- State - mandated temporary income plans <br />- Any employer- sponsored group disability, sick leave or formal salary continuance plans <br />- Any public retirement system due to employment with policyholder <br />• Disability benefits which the employee receives under Workers' Compensation, occupational disease or <br />similar law <br />• Disability or retirement benefits received under a retirement plan <br />VALUE PLAN benefits will also be reduced by disability income benefits from auto or other third party liability <br />payments. <br />• LTD Benefits are not reduced by: <br />- Distributions from profit sharing, 401(k), IRA, TSA or stock ownership plans <br />- Non qualified deferred compensation plans <br />- Military disability benefits <br />Cost -Of- Living Freeze: After the initial reduction for other income benefits, the monthly LTD benefit will not be <br />further reduced due to any cost -of- living increases payable under any of these other income benefits. <br />MINIMUM MONTHLY BENEFIT: A disabled employee will not receive less than the minimum monthly benefit <br />shown in the Benefits & Cost Summary page, regardless of income received from other sources. <br />WAIVER OF PREMIUM: Premium payments for a disabled employee are waived during any period for which <br />•total or partial disability benefits are payable. <br />Jefferson Pilot Financial Insurance Company <br />FL 20 <br />11/02/01 <br />