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GUARANTEED INCOME FUND INVESTMENT ADDENDUM <br />1.1 GUARANTEED INCOME ACCOUNT. The term Guaranteed Income Account <br />(hereinafter "GIA") refers to assets invested under this Agreement in the Guaranteed <br />Income Fund. These assets are invested in Prudential Retirement Insurance and Annuity <br />Company's (PRIAC's) general account. <br />1.2 MAXIMUM DEPOSITS. If PRIAC's current guidelines establish a maximum amount <br />that can be deposited to the GIA in any one Plan year, We will communicate the <br />maximum amount to You. You may only deposit up to the maximum amount unless We <br />give You prior written consent to deposit amounts in excess of the maximum. <br />1.3 CREDITED INTEREST. We will credit interest to the GIA daily. We will credit <br />interest to each dollar in the GIA <br />(A) from the Valuation Date on which it is allocated to the GIA under <br />Section 1.7 and Section 2.2 of the Base Agreement, and <br />(B) until the Valuation Date as of which We transfer, distribute or disburse <br />each dollar from the GIA. <br />We will notify You of the interest rate that We will credit to the GIA for this class of <br />business as of the date this Addendum becomes part of the Agreement (the "Declared <br />Interest Rate"). Thereafter, We will announce a Declared Interest Rate semi-annually, <br />effective January 1 and July 1, and that rate will be guaranteed against change during <br />each six (6) month period. The Declared Interest Rate will always be greater than or <br />equal to one and one half percent (1-1/2%) (the "Minimum Interest Rate"). <br />The Declared Interest Rate is stated on an annual effective rate basis. This method for <br />computing interest uses daily compounding so the amounts held in the GIA for 365 days <br />(366 days during a leap year) will increase at the stated annual effective rate. <br />1.4 ASSET CHARGE. We will convert the annual Asset Charge under this Agreement's <br />Expense Schedule to a daily equivalent. We will reduce the daily equivalent of the Asset <br />Charge from interest being credited to the GIA under the preceding Section 1.3. <br />As described in the Base Agreement, You have the option to pay the Asset Charge as an <br />alternative to reducing the daily equivalent of the Asset Charge from interest being <br />credited to the GIA. <br />1.5 VALUATION. The value of the GIA is an amount <br />equal to (A) minus (B) where <br />(A) is the sum of <br />(i) Deposits to the GIA, <br />GA -2020 -GIF -FS -0805 <br />25D-56 <br />Addend=457single_PRIAC_2020-GIF-FS-0805 <br />