18 For the purpose of the election and computation of the 50 percent husband and wife annuity, a spouse is the person to whom you are married on the date that payments from your Individual Account begin. Once a 50 percent husband and wife annuity becomes payable, it cannot be revoked. If you and your spouse are divorced, or your spouse dies after the annuity becomes payable, your monthly payments will not be increased, and no one can be substituted for your spouse as your beneficiary. In the event you and your spouse are divorced after the 50 percent husband and wife annuity becomes payable, your former spouse will still be considered your spouse for the 50 percent husband and wife annuity unless a Qualified Domestic Relations Order provides otherwise. If you are married and want to reject the 50 percent husband and wife annuity, your spouse must consent to your rejection in writing, and the consent must be notarized. When you apply for benefits, you will be advised of the estimated benefit amount of a life annuity, the 50 percent husband and wife annuity, as well as the other payment forms permitted under the Plan. You have up to 180 days after receiving this information to reject the life annuity or 50 percent husband and wife annuity or to revoke a previous rejection of the life annuity or 50 percent husband and wife annuity. Effective January 1, 2009, if you are married, have a sub-account with employer contributions from the old arrangement, and have at least $5,000 in your total Individual Account, you may reject the 50 percent husband and wife annuity and elect to receive your entire account as a 75 percent husband and wife annuity option. The 75 percent husband and wife annuity option is offered in addition to the other options described in the following section. Monthly annuities are purchased by the Plan from an insurance carrier to provide monthly payments to you for your lifetime. The amount of your monthly payment, and if applicable, that of your spouse, is based on the amount in your Individual Account and your expected lifetimes. Fees and costs directly incurred in the purchase of an annuity will be deducted from your account, and the balance that remains will determine the monthly payments you will receive. What If You Don’t Want a Standard Form of Payment? If you reject either the life annuity or the 50 percent husband and wife annuity, you may elect to receive your entire account as: • A 75 percent husband and wife annuity option; • A single lump sum; • Equal monthly installments, paid over a period not to exceed five years; • A lump sum, plus equal monthly installments, paid over a period not to exceed five years. If your account is paid in any installment form, the last payment due will be adjusted to reflect net investment yield accumulated during the payout period. What Will Your Spouse or Other Beneficiary Receive If You Die Before Receiving Benefits from the Plan? If you have a special sub-account with employer contributions from the old arrangement, a pre-retirement death benefit will be paid to your beneficiaries in a lump sum if you die before your account is distributed. However, if you are married on the date of your death, one-half of your entire account will be used to provide a pre-retirement surviving spouse benefit to your surviving spouse and the remaining half will be paid to your beneficiaries as a pre-retirement death benefit. The pre-retirement surviving spouse benefit provides that if you are married at the time of your death, one-half of your account will be paid to your surviving spouse as a lifetime monthly annuity. If the value of one-half of your total individual account is less than $5,000, the pre-retirement surviving spouse benefit will automatically be paid in a lump sum. If the value is $5,000 or greater, your spouse has the option of electing a lump sum payment instead of the pre- retirement surviving spouse benefit.