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b. The annual amount of the straiaht life annuity commencina at the <br />same annuity starting date that has the same actuarial present value <br />as the form of benefit payable to the member, computed using a 5 <br />percent interest assumption (or the applicable statutory interest <br />assumption) and (i) for years prior to January 1. 2009, the applicable <br />mortality tables described in Treasury Regulation Section <br />1.417(e)- 1(d)(2) (Revenue Ruling 2001 -62 or any subsequent <br />Revenue Ruling modifying the applicable provisions of Revenue <br />Rulings 2001 -62). and (ii) for years after December 31. 2008, the <br />applicable mortality tables described in section 417(e)(3)(B) of the <br />code (Notice 2008 -85 or any subsequent Internal Revenue Service <br />guidance implementing section 417(e)(3)(B) of the code): or <br />2 For a benefit paid in a form to which section 417(e)(3) of the code applies <br />generally, a lump sum benefit), the actuarially equivalent straight life <br />annuity benefit that is the greatest of: <br />a. The annual amount of the straight life annuity commencina at the <br />annuitv startina date that has the same actuarial Dresent value as the <br />articular form of benefit payable, computed using the interest rate <br />and mortality table, or tabular factor, specified in the plan for actuarial <br />experience: <br />b. The annual amount of the straight life annuity commencing at the <br />annuity startina date that has the same actuarial Dresent value as the <br />articular form of benefit payable, computed using a 5.5 percent <br />interest assumption (or the applicable statutory interest assumption) <br />and (i) for years prior to January 1. 2009, the applicable mortality <br />tables for the distribution under Treasury Regulation Section <br />1.417(e)- 1(d)(2) (the mortality table specified in Revenue Ruling <br />Ordinance 13 -1394 <br />Page 6 <br />