Your plan's reduction factors - Pellet Hourly
Your plan had several reduction factors:
For benefits payable from Polyone, the reduction factors for Early Retirement and for Joint and Survivor or Co-Pensioner Options are from your 1980 Pension Agreement.
For the calculation of your National Steel Pellet Company (NSPC) benefit before the limits set by law are applied, the early retirement factors and the adjustment for the Joint and Survivor or Co-Pensioner Option are from the Pension Agreement that was in effect when your employment with NSPC ended.
For the PBGC Maximum Monthly Amount, the reduction factors are from the PBGC's Federal Regulations. These factors apply to the Maximum Monthly Amount in all plans that PBGC administers.