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The "Defined Benefit Dollar Limitation" shall be adjusted as provided below: <br />(1) Adjustment for Less Than 10 Years of Participation or Service: If the <br />Firefighter has less than 10 years of participation in the Fund, the <br />"Defined Benefit Dollar Limitation" shall be multiplied by a fraction -- (i) <br />the numerator of which is the number of "Years of Participation" in the <br />Fund (or part thereof, but not less than one (1) year), and (ii) the <br />denominator of which is ten (10). <br />(2) Adjustment of "Defined Benefit Dollar Limitation" for Benefit <br />Commencement Before Age 62 or after Age 65: Effective for benefits <br />commencing in "Limitation Years" ending after December 31, 2001, the <br />"Defined Benefit Dollar Limitation" shall be adjusted if the annuity <br />starting date of the Firefighter's benefit is before age 62 or after age 65. <br />If the annuity starting date is before age 62, the "Defined Benefit Dollar <br />Limitation" shall be adjusted under Section 9.02.b(2)(i), as modified by <br />Section 9.02.b(2)(iii). If the annuity starting date is after age 65, the <br />"Defined Benefit Dollar Limitation" shall be adjusted under Section <br />9.02.b(2)(ii), as modified by Section 9.02.b(2)(ii). <br />(i) Adjustment of "Defined Benefit Dollar Limitation" for benefit <br />commencement Before Age 62: <br />(I) "Limitation Years" Beginning Before July 1, 2007. If the <br />annuity starting date for the Firefighter's benefit is prior <br />to age 62 and occurs in a "Limitation Year" beginning <br />before July 1, 2007, the "Defined Benefit Dollar <br />Limitation" for the Firefighter's annuity starting date is the <br />annual amount of a benefit payable in the form of a <br />"Straight Life Annuity" commencing at the Firefighter's <br />annuity starting date that is the actuarial equivalent of <br />the "Defined Benefit Dollar Limitation" (adjusted under <br />Section 9.02.b(1) for years of participation less than ten <br />(10), if required) with actuarial equivalence computed <br />using whichever of the following produces the smaller <br />annual amount: (1) the interest rate and mortality table <br />(or other tabular factor) specified in the Fund; or (2) a <br />five percent (5%) interest rate assumption and the <br />applicable mortality table as defined in Section 9.02.g. <br />(II) "Limitation Years" Beginning on or After July 1, 2007. If <br />the annuity starting date for the Firefighter's benefit is <br />prior to age 62 and occurs in a "Limitation Year" beginning <br />on or after July 1, 2007, the "Defined Benefit Dollar <br />Limitation" for the Firefighter's annuity starting date is the <br />lesser of: <br />(A) the annual amount of a benefit payable in the form <br />of a "Straight Life Annuity" commencing at the <br />Firefighter's annuity starting date that is the <br />actuarial equivalent of the "Defined Benefit Dollar <br />Limitation" (adjusted under Section 9.02.b(1) for <br />years of participation less than ten (10), if <br />required) with actuarial equivalence computed <br />16 <br />