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-4- The amount of any payment made to, or on behalf of, a pilot under a plan or system established by an employer which makes provision for pilots, (including any amount paid by an employer for insurance or annuities, or into a fund to provide for any such payment) on account of (A) retirement, or (B) expenses in connection with sickness or accident disability, or (C) medical and hospitalization expenses in connection with sickness or accident disability, or (D) death, provided the pilot (i) has not the option to receive instead of provision for such death benefit, any part of such payment or, if such death benefit is insured, any part of premiums, (or contributions to premiums) paid by his employer, and (ii) has not the right under the provisions of the plan or system or policy of insurance providing for such death benefit, to assign such benefit, or to receive a cash consideration in lieu of such benefit either upon his withdrawal from the plan or system providing for such benefit or upon termination of such plan or system or policy of insurance or of his employment with such an employer; 2. The payment by an employer (without deduction from the remuneration of the employee), (A) of the tax imposed upon any pilot under section 1550 of the Internal Revenue Code, or (B) of any payment required from a pilot under a state unemployment compensation law; 3. Dismissal payments which the employer is not legally required to make; or 4. Except for the purposes of determining the monthly compensation applicable to service prior to January 1, 1948 as provided in section 3(c) any remuneration paid to an individual prior to January 1, 1948.