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Frequently Asked Questions Defined Benefit (db) Component:

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________________________________________________________________________________________ This “Question and Answer Fact Sheet” applies to staff joining the Staff Retirement Plan on or after April 15, 1998. The information provided reflects the Plan as of May 1, 2007. ! ! $ " # # $ & + - , , % % " # # ! ( * )* * " % ' , + % $ ' ' ( + )* ( ' )* % * * * , ! * % + * $ % Defined Benefit (DB) Component: # . , % ! / , , 01% . - , , % . , , - - , , , 0/ , $ 2 , / , % . $ 4 , 5 6 , , - 3 7 % # 01% 4 - , /- 3 # , 6 - , 3 %4 / / 4 , , 01% , 5 5 , % 1 Pension Administration August 2007 &' ! 0/ , , % % 8 $ 0/ - % &'(# % , ) , ( ' - ! - , , , ) % # / /- 01 , % % ) &'(# ! , 8 3 01% , , % % . ' , 6 / * % 4 / +' ) - # ! ! * - 5 , " # # * % () ' , # ) , , - , , % # ! % . ,, % # ! ' % 4- , * , , ) , * , % - # " " , . 4- , , % * 6 ! " " , , , 6 % * - , % % . 6 % &. ! 8 - - , % * 6 , " " , - " " , / , , % Cash Balance (CB) Component: " # ! ) ! - $ /3 % 8 2 Pension Administration August 2007 $ 3 9 % - " ## : % * # . ) / : ! , - , : " % ; , - ' * 6 ) 0 # % 1 0 ! , & • 2 , 3 : * 73 . : , • • • • • • • 4 5 ' * / 6 5%17 7= 6 < : < , % # 6 % = , < . 6 $ $ 7 8 9'' % * : " $ 6$ , > //. 6 : % # 6 // / ? $ % . , :% % % 4 0% : : %$6:; 1// 1 5 = *. @ A@ @ A @ % 5 1 /< <= ) >0 % * 6 < 2, B * 6, " , , % 4 0% : 4 % * , , = * . @ = . 6% # 6 " ? 6 $ % ? 4 : 4 1 % * " ? 6 : " @ , % .''' % * , , 1///. 6% # 6 1/// 7///. 67/// :% % % . , +. # = * * , 7 % A % 3 6- , ! 7/ 3 - Pension Administration August 2007 % % # , :% % 73 73 - ! , % A 6 , :% % , ( , , , 73 , )- - - - , ( , 6 % 8 , , 6 73) :% % % , 7 % ) ) ! The investment fees (expressed below in basis points and dollar amounts) charged for the eight investment options in the cash balance component are as follows: % ) 7 1 # 7 < :% % 2, B * . 6 = < : ' <. ! > //. 6 = *. @ = . 6 F = @ = . 6 1///. 6 = *. @ A@. 6 0 8 Basis Points Converted Into Monthly Charge for Every $10,000 Invested 5 . , A 5 * / 7 C1 77 D %0E C 1/ D %1 7 7 / / % ! % 4- , + " # 8 . , * % % ! , %* % # - 4 G H* 7 , I 7 , % ! 8 , %8 , , //3% " # 8 4 % ! , $ - % 4 G - ) % 8 % 8 ( - - %5- - % 4 Pension Administration August 2007 " # %) # ! 8 * , H+ H 4 G I %8 I% = . % , - , - , Voluntary Savings (VS) Component: " # 8 % @ 3 ) 0 ! 3 : 6 ( 6$ /3 1//E D11 ///) % " # 0 8 % @ ) ! ( , 4 % - % * $ ) # , ; @ '*)- ) + , 0 ! , & • • • • • • • • 4 5 / 6 5%17 7= * = , < . 6 $ $ 7 8 9'' % * : " $ 6$ , > //. 6 : % # 6 // / ? $ % . , :% % % 4 0% : : %$6:; 1// 1 5 = *. @ A@ @ A @ % 5 1 /< <= ) >0 % * 6 < 2, B * 6, " , , % 4 0% : 4 % * , , = * . @ = . 6% # 6 " ? 6 $ % ? 4 : 4 1 % * " ? 6 : " @ , % .''' % * , , 1///. 6% # 6 1/// 7///. 67/// :% % % 5 1 /< <2% % *A , , < :% % #. . 6% # 6 6 5 7 % Pension Administration August 2007 :% % # , . , D1 / ( 7 ) % ) ) 0 , + * 7 #. , * @ 1 * % # ) . ! * 7 + * * + 0 0 , , - * % # < : 6% " # 8 % ) ! % * , ( 4 - $ , '*)- ; , % % ! , 6 % " # ; % ## 9 ? ( • A ) - A ! " , , , , , A , H; % - H. , , % • 8 - %# ) I ( 5 % • ) & - , ) A . I % % ) ! The investment fees (expressed below in basis points and dollar amounts) charged for the eight investment options in the voluntary savings component are as follows: % ) 7 1 < : #. . 6 < :% % 2, B * . 6 = < : ' <. ! > //. 6 = *. @ = . 6 F = @ = . 6 1///. 6 = *. @ A@. 6 0 % Basis Points Converted Into Monthly Charge for Every $10,000 Invested , / 7 / 7 C1 77 D %0E C 1/ D %1 7 7 / / * @ 6 ) 0 ! Pension Administration August 2007 5% + , , # 6> * " 6 A 5 , % H. I % Payments – Defined Benefit and Cash Balance Components: % ! ' * % # * , H < ( A ; - ( A E7 ) I H ) I% # % 8 B # * ' , - # ! * - - - % . $ - , - 0 % , - % ) ! % # +' ) ) ) ) &'C , - 8 ) , % - % 8 - , - , - - % % # +' ) ) ) ) ) &'& 8 * ' % 8 * * 01 , , 01% /% . 01 3 % . / , 01 / - , , , 01% /- . , * - * % 8 - , % 8 , % - % 8 , , - - % # - , % 7 Pension Administration August 2007 # % 9'! . , ) 1 # / - +' , % ) , / 01% 3 /# ) , 01% % ! : - , 6 - % 1 C7 , , , % . 7 % D % ) E % ) ! . 6" : , ( : ? ) : %. , ( ' ) H . % 8 - % , 0 6 - / , I , , * . 0/ % . % % ! F'+ 8 1 C/ ( ) ; 9 % Payments – Voluntary Savings Component: % ) 8 0 %# # @ ; ) ! - % # @ ) # % ! 5% - , % 0 % 5% @ ) ! . , # 8 @ : - ) % 4- , ! , 6 % 0 % 5% ) @ + ) , ! % 8 Pension Administration August 2007 % 6 % * * ) * @ ! * 6 % 8 + , + " , 0 # ) * ' 6 6 , - % %D + ) E @ :% % 6$ 0/ , % 8 , % ) % , % - % 8 6 . - ! , , , % . / % @ ) % ) ! If you die before receiving a distribution, your account balance will be paid in a single lump sum to your designated beneficiary(ies) on Form 845a. Form 845a is the designation of beneficiary form for lump sum death benefit payable from all components (defined benefit, cash balance and voluntary savings) of the pension plan. This factsheet is intended to provide only a summary of the main provisions of the Plan. It neither establishes nor confer any rights. Please note that amendments to the Plan may not always be reflected in the factsheet. The Staff Retirement Plan is the only document that determines the entitlement to and the amount of benefits payable under the Plan, or any rights created by the Plan. All information in this factsheet is available on the Bank’s intranet at the Human Resources homepage (http://hrkiosk). That electronic version may contain modifications and additions to the Staff Retirement Plan not reflected here. For specific inquiries, call 202.458.2977 or email [email protected]. 9 Pension Administration August 2007