Common use of RETIREMENT INCOME PLAN Clause in Contracts

RETIREMENT INCOME PLAN. In addition to the current formula, Ameren will provide a $5.00 per month increase to the pension benefit for each full year of pension accredited service for vested employees terminating employment on or after July 1, 2003. In the case of a vested employee terminating employment prior to his or her early retirement date, this increase will be subject to reductions for early retirement and/or survivor benefit options. In the case of a vested employee who retires directly from the Company on or after his or her early retirement date, this increase will not be subject to reductions for survivor benefit options or early retirement. For purposes of calculating the benefit payable to survivors, with regard to the $5.00 per month pension increase noted above, payments will be calculated in accordance with the elections made by the employee (for example 50% of the retiree’s $5.00 benefit will be paid to the survivor if the 50% option was elected). In accord with the provisions of the July 1, 1999 Labor Agreement, the following is applicable for the July 1, 2003 Labor Agreement. a. Effective July 1, 1999, the reduction penalty for early retirement from age sixty (60) to age fifty-nine (59) will be 0.25% per month. b. Employees who retire on or after January 1, 2000, may elect a 50%, 75% or 100% joint and survivor option (spouse only) or a 50% joint and survivor option (non-spouse). c. Effective July 1, 1999, the Plan will be amended to change the participating provisions for full time regular employees from age twenty-one (21) and one (1) year of service to the first of the month following or coinciding with the date of employment. Active employees represented by IBEW Local Union 702, as of 6/30/99 will be granted credit for their applicable service prior to age twenty-one (21) and one (1) year of service. It is agreed that during the term of this agreement, the Company and the Union will meet and discuss an account-based pension plan design which meets the needs of both parties. Such discussions will take place after all applicable regulations have been clarified.

RETIREMENT INCOME PLAN. In addition to the current formula, Ameren will provide a $5.00 per month increase to the pension benefit for each full year of pension accredited service for vested employees terminating employment on or after July 1, 2003. In the case of a vested employee terminating employment prior to his or her early retirement date, this increase will be subject to reductions for early retirement and/or survivor benefit options. In the case of a vested employee who retires directly from the Company on or after his or her early retirement date, this increase will not be subject to reductions for survivor benefit options or early retirement. For purposes of calculating the benefit payable to survivors, with regard to the $5.00 per month pension increase noted above, payments will be calculated in accordance with the elections made by the employee (for example 50% of the retiree’s $5.00 benefit will be paid to the survivor if the 50% option was elected). In accord with the provisions of the July 1, 1999 Labor Agreement, the following is applicable for the July 1, 2003 Labor Agreement. a. A. Effective July 1, 1999, the reduction penalty for early retirement from age sixty (60) to age fifty-nine (59) will be 0.25% per month. b. B. Employees who retire on or after January 1, 2000, may elect a 50%, 75% or 100% joint and survivor option (spouse only) or a 50% joint and survivor option (non-spouse). c. C. Effective July 1, 1999, the Plan will be amended to change the participating provisions for full time regular employees from age twenty-one (21) and one one (1) year of service to the first of the month following or coinciding with the date of employment. Active employees represented by IBEW Local Union 702, as of 6/30/99 will be granted credit for their applicable service prior to age twenty-one (21) and one (1) year of service. It is agreed that during the term of this agreement, the Company and the Union will meet and discuss an account-based pension plan design which meets the needs of both parties. Such discussions will take place after all applicable regulations have been clarified.one

RETIREMENT INCOME PLAN. In addition to the current formula, Ameren will provide a $5.00 per month increase to the pension benefit for each full year of pension accredited service for vested employees terminating employment on or after July 1, 2003. In the case of a vested employee terminating employment prior to his or her early retirement date, this increase will be subject to reductions for early retirement and/or survivor benefit options. In the case of a vested employee who retires directly from the Company on or after his or her early retirement date, this increase will not be subject to reductions for survivor benefit options or early retirement. For purposes of calculating the benefit payable to survivors, with regard to the $5.00 per month pension increase noted above, payments will be calculated in accordance with the elections made by the employee (for example 50% of the retiree’s $5.00 benefit will be paid to the survivor if the 50% option was elected). In accord with the provisions of the July 1, 1999 Labor Agreement, the following is applicable for the July 1, 2003 Labor Agreement. a. A. Effective July 1, 1999, the reduction penalty for early retirement from age sixty (60) to age fifty-nine (59) will be 0.25% per month. b. B. Employees who retire on or after January 1, 2000, may elect a 50%, 75% or 100% joint and survivor option (spouse only) or a 50% joint and survivor option (non-non- spouse). c. C. Effective July 1, 1999, the Plan will be amended to change the participating provisions for full time regular employees from age twenty-one (21) and one (1) year of service to the first of the month following or coinciding with the date of employment. Active employees represented by IBEW Local Union 702, as of 6/30/99 will be granted credit for their applicable service prior to age twenty-one (21) and one (1) year of service. It is agreed that during the term of this agreement, the Company and the Union will meet and discuss an account-based pension plan design which meets the needs of both parties. Such discussions will take place after all applicable regulations have been clarified.

RETIREMENT INCOME PLAN. In addition to the current formula, Ameren will provide a $5.00 per month increase to the pension benefit for each full year of pension accredited service for vested employees terminating employment on or after July 1, 2003. In the case of a vested employee terminating employment prior to his or her early retirement date, this increase will be subject to reductions for early retirement and/or survivor benefit options. In the case of a vested employee who retires directly from the Company on or after his or her early retirement date, this increase will not be subject to reductions for survivor benefit options or early retirement. For purposes of calculating the benefit payable to survivors, with regard to the $5.00 per month pension increase noted above, payments will be calculated in accordance with the elections made by the employee (for example 50% of the retiree’s $5.00 benefit will be paid to the survivor if the 50% option was elected). In accord with the provisions of the July 1, 1999 Labor Agreement, the following is applicable for the July 1, 2003 Labor Agreement. a. A. Effective July 1, 1999, the reduction penalty for early retirement from age sixty (60) to age fifty-nine (59) will be 0.25% per month. b. B. Employees who retire on or after January 1, 2000, may elect a 50%, 75% or 100% joint and survivor option (spouse only) or a 50% joint and survivor option (non-spouse). c. C. Effective July 1, 1999, the Plan will be amended to change the participating provisions for full time regular employees from age twenty-one (21) and one one (1) year of service to the first of the month following or coinciding with the date of employment. Active employees represented by IBEW Local Union 702, as of 6/30/99 will be granted credit for their applicable service prior to age twenty-one (21) and one (1) year of service. It is agreed that during the term of this agreement, the Company and the Union will meet and discuss an account-based pension plan design which meets the needs of both parties. Such discussions will take place after all applicable regulations have been clarified.