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EXHIBIT(11)(A)
CONTINENTAL ASSURANCE COMPANY
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CNA Plaza A Stock Company
Xxxxxxx, Xxxxxxxx 00000 Herein called the Company 78
AMENDMENT
AMENDMENT TO BE ATTACHED TO AND BECOME A PART OF THE ADMINISTRATIVE SERVICES
AGREEMENT DATED JUNE 28, 1996, BY AND BETWEEN CONTINENTAL ASSURANCE COMPANY
(herein called the Company) AND THE JOINT RETIREMENT BOARD OF THE RABBINICAL
ASSEMBLY, THE UNITED SYNAGOGUE OF AMERICA, AND THE JEWISH THEOLOGICAL SEMINARY
OF AMERICA (herein called the Joint Retirement Board).
The following changes are hereby made in the Agreement:
1) Section 2. entitled "Fee Schedule" is hereby deleted in its entirety and
replaced by the following:
2. Fee Schedule.
For all of the Joint Retirement Board's services to Participants hereunder, the
Company agrees to pay fees to the Joint Retirement Board as follows:
2.1 The Joint Retirement Board shall be entitled to administrative fees
calculated and payable quarterly at a rate of 8 basis points (.08%) of
the Net Asset Value of the account of each participant under the Group
Annuity Contract on each March 31, June 30, September 30 and December
31. Payment on this basis will begin with the March 31, 2000 account
values.
2.2 The Company shall furnish to the Joint Retirement Board a statement
setting forth the computation of the quarterly administrative fees
promptly following each calendar quarter. The total quarterly fees
shall be due and payable within 30 calendar days after each calendar
quarter.
2.3 Expenses arising in connection with the Joint Retirement Board's
services to the Company under this Agreement shall be the
responsibility of the Joint Retirement Board.
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2) In Annex A, entitled Administrative Services, the last sentence is deleted
and replaced by the following:
Testing fees debited for accuracy.
This Amendment shall be effective January 1, 2000.
IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly
executed this ___ day of _______, 19____.
THE JOINT RETIREMENT BOARD OF THE RABBINICAL ASSEMBLY, THE UNITED SYNAGOGUE
OF AMERICA, AND THE JEWISH THEOLOGICAL SEMINARY OF AMERICA
BY:
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Witness Title:
CONTINENTAL ASSURANCE COMPANY
BY:
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Group Vice President Assistant Secretary
