Common use of Increases or Decreases in Benefits Clause in Contracts

Increases or Decreases in Benefits. If the anticipated normal retirement benefit of a Participant is increased, the Trustee shall take the necessary action to increase the Participant's benefits to become effective on the Anniversary Date next following or coinciding with such increase, to the extent required by increase or accumulation of prior increases; provided, however, that no increase in the benefit of a Participant shall be recognized by the purchase of additional contracts unless and until the increase or an accumulation of increases shall be sufficient in amount to require provision for a minimum of ten dollars ($10) per month of additional retirement benefit. If the anticipated normal retirement benefit of a Participant is decreased, the Trustee shall take the necessary action, to become effective on the next succeeding Anniversary Date, to decrease the benefits provided by contract for such Participant to the extent required by such decrease or accumulation of decreases, provided, however, that reduction in the amount of contracts unless and until the decrease or accumulation of decreases shall be sufficient in amount to cause a reduction of a minimum of ten dollars ($10) per month in retirement benefits. If any portion of the value of the contracts shall be released, the Trustee shall retain such released amount toward the payment of premiums due in the current or succeeding years. In no event, however, shall increases in benefits occurring within five (5) years of the Normal Retirement Date of any Participant be reflected by the purchase of additional contracts, nor shall decreases in anticipated benefits be reflected by the reduction in the amount of contracts.