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<br />10 <br /> <br />LAKE JOHANNA VOLUNTEER FIREMEN'S BENEFIT ASSOCIATION, INC <br />December 31, 2000 Actuarial Valuation . <br /> <br />Summary of Plan Provisions (continued) <br /> <br />(b) Widows and Children's benefits: Pre-retirement widow receives monthly benefit, based <br />on retirement pension formula and service at date of death, for five years certain if death <br />occurs prior to benefit commencement with at least 10 years of service. If widow dies <br />before five years' payments have been made, the remaining payments are made to any <br />minor children and then to designated beneficiary or estate, if applicable. Post-retirement <br />widow receives monthly retirement for the remaining five year period, if any, if death <br />occurs after benefits have commenced. Any remaining payments after the death of the <br />widow payable to designated beneficiary or estate. <br /> <br />B. Plan provisions effective after December 31, 2000 <br /> <br />No future plan improvements beyond December 31, 2000 were recognized in determining the cash <br />contributions to the plan. <br /> <br />C Chanf!es in plan provisions since prior vear <br /> <br />e <br /> <br />Benefits were amended to increase in year 2000 as outlined in the introduction. <br /> <br />e <br /> <br />VAN IWAARDEN <br />