The plans at AEW are structured as follows: Defined Contribution Plan: o AEW will contribute 7% of your annual salary at the end of each year Defined Benefit Plan: o AEW will calculate your benefit using the following formula 1.2% x years of service x salary at retirement AEW assumes your salary will rise about 3% each year (assume you will receive raise at the end of each year of employment) AEW assumes an interest rate of 6% AEW's actuary assumes you will work for 40 years and have a retirement period of 20 years