25D - AGMT RECORDKEEPING SVC 457 PLAN

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On each anniversary of the Termination Disbursement Date, We will disburse assets remaining credited to the GIA in five (5) succeeding annual installments as follows: (1) The first installment is one-fifth (1/5) of the remaining value of the GIA; (2) The second installment is one-fourth (1/4) of the remaining value of the GIA; (3) The third installment is one-third (1/3) of the remaining value of the GIA; (4) The fourth installment is one-half (1/2) of the remaining value of the GIA; (5) The fifth installment is the remaining value of the GIA. We will issue a written guarantee of the interest rate that We will credit to the unpaid balance of the GIA. The interest rate will be an annual rate and will not change during the life of the installment payment period (the "Installment Period Rate"). Installment Period Rate = i -.56-i) where (i) is the Declared Interest Rate applicable to the Guaranteed Income Fund pool to which the GIA belongs as of the Termination Date, defined under Section 5.2 of the Base Agreement, and (j) is the rate of credited interest as of the Termination Date applicable to the Guaranteed Income Fund pool established for the same period within the calendar year in which the Termination Date occurs (the "New Rate"). We will ensure that the New Rate is determined on the same basis as the Declared Interest Rate. The Installment Period Rate will always be greater than or equal to the Minimum Rate in effect during the semi-annual period in which the Termination Date falls, as described in Section 1.3 hereunder. In addition, We will continue to charge Expenses described in the Expense Schedule. The maximum interest rate We will credit is equal to the Declared Interest Rate. Notwithstanding the preceding paragraphs of this Section 1.10(A), We may disburse the remaining balance of the GIA at any time in a single GA -2020 -GIF -FS -0805 25D-60 Addend=457single_PRIAC_2020-GIF-FS-0805