4111
ANNE ARUNDEL COUNTY

FOR COVERAGE UNDER THE PLAN, EXCLUDING ANY OF SUCH
EMPLOYEES WHOSE ANTICIPATED YEARLY AMOUNT OF RETIREMENT
ANNUITY PROVIDED BY COUNTY CONTRIBUTIONS IS ONE THOUSAND
FIVE HUNDRED DOLLARS ($1,500.00) OR LESS. EACH SUCH
EMPLOYEE ON A PLAN DATE WILL REMAIN A RESTRICTED
PARTICIPANT FOR TEN (10) YEARS OR, IF AT THE END OF SUCH
TEN (10) YEARS THE FULL CURRENT COSTS OF THE PLAN, AS
DEFINED IN SECTION 1.401-4(C) (2) OF THE FEDERAL INCOME
TAX REGULATIONS, ARE NOT MET, HE WILL REMAIN A RESTRICTED
PARTICIPANT UNTIL THE FULL CURRENT COSTS ARE FUNDED FOR
THE FIRST TIME.

(3) (I) UNRESTRICTED BENEFITS AT ANY TIME FOR A
RESTRICTED PARTICIPANT SHALL BE DETERMINED BY THE
INSURANCE COMPANY AND SHALL BE EQUAL TO THE PORTION OF
HIS COVERAGE PROVIDED BY HIS CONTRIBUTIONS, IF ANY, AND
BY COUNTY CONTRIBUTIONS NOT EXCEEDING THE APPLICABLE
AMOUNT DETERMINED AS FOLLOWS:

(II)   AN AMOUNT WILL BE DETERMINED AS
DESCRIBED BELOW FOR EACH PLAN DATE ON ACCOUNT OF WHICH
THE PARTICIPANT IS THEN A RESTRICTED PARTICIPANT, AND THE
APPLICABLE AMOUNT WILL BE THE GREATEST AMOUNT SO
DETERMINED.

(III)  THE AMOUNT FOR THE INITIAL PLAN DATE IS
EQUAL TO THE GREATER OF TWENTY THOUSAND DOLLARS
($20,000.00), OR TWENTY PER CENT (20%) OF THE FIRST FIFTY
THOUSAND DOLLARS ($50,000,00) OF THE PARTICIPANT'S
AVERAGE REGULAR ANNUAL COMPENSATION DURING HIS LAST FIVE
(5) YEARS OF SERVICE WITH THE COUNTY, MULTIPLIED BY THE
NUMBER OF YEARS FOR WHICH THE FULL CURRENT COSTS OF THE
COUNTY'S PLAN HAVE BEEN MET SINCE THE PLAN DATE.

(IV)   THE AMOUNT FOR A PLAN DATE WHICH IS NOT
THE COUNTY'S INITIAL PLAN DATE IS EQUAL TO THE GREATEST
OF TWENTY THOUSAND DOLLARS ($20,000.00); OR THE COUNTY'S
CONTRIBUTIONS WHICH WOULD HAVE BEEN APPLIED TO PROVIDE
BENEFITS FOR THE PARTICIPANT IF THE PLAN AS IN EFFECT ON
THE DAY BEFORE THE PLAN DATE HAD BEEN CONTINUED WITHOUT
CHANGE; OR THE SUM OF THE COUNTY CONTRIBUTION WHICH WOULD
HAVE HAVE BEEN APPLIED TO PROVIDE BENEFITS FOR THE
PARTICIPANT IF TERMINATION OF THE PLAN HAD OCCURRED ON
THE DAY BEFORE THE PLAN DATE, AND TWENTY PER CENT (20%)
OF THE FIRST FIFTY THOUSAND DOLLARS ($50,000.00) OF THE
PARTICIPANT'S AVERAGE REGULAR ANNUAL COMPENSATION DURING
HIS LAST FIVE (5) YEARS OF SERVICE WITH THE COUNTY
MULTIPLIED BY THE NUMBER OF YEARS FOR WHICH THE FULL
CURRENT COSTS OF THE PLAN HAVE BEEN MET SINCE THE PLAN
DATE.

(B) AS OF THE DATE OF TERMINATION OF THE PLAN OR
AFTER THE DATE OF FAILURE TO MEET THE FULL CURRENT COSTS
OF THE PLAN, THE COVERAGE OF EACH RESTRICTED PARTICIPANT