Adjusted Limitation for Benefits Commencing Before Age 62. The limitation in Section 17.1 is treated as an annual annuity payable for life commencing at age 65. This limitation shall be unreduced if the Participant’s Annual Benefit commences on or after age 62. This limitation shall be reduced if a Member’s Annual Benefit commences before he or she attains age 62. If a Member’s Annual Benefit commences prior to age 62, the limitation in Section 17.1 shall be adjusted to commence payment at such age. This adjusted limitation shall be the Actuarial Equivalent, at such age, of the limitation in Section 17.1 commencing at age 62. For purposes of the preceding sentence, the Actuarial Equivalent shall be determined by using the Applicable Mortality Table and an interest rate which shall not be less than the greater of 5% or the rate specified in Appendix A.
