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Table III

Approximate costs and benefits of the proposed Air Line Pilots^1 Retirement Plan, as presently constituted, to a First Pilot [underlined] who has 10 years of service [underlined] as of the date of the enactment of the Plan. (It is assumed as a basis of computation of benefits that his 1948 salary was at a rate of $10,000 per year.)

[Chart]
Years   Salary  Complete  Occupational 
of       per   Disability  Disability
Service Year
10     |$10000|$200/mo.  |$200/mo.
11     |10000 | 200.00   | 200.00
12     |11000 | 200.00   | 200.00
13     |11000 | 200.00   | 200.00
14     |11000 | 200.00   | 200.00 
15     |11000 | 200.00   |*200.00

Cost first 5 years - $4,185.00

*Voluntarily retires - loses this benefit
** Retains this benefit even if he quits.
***If he quits, this benefit is reduced for each month he is away. For example. voluntarily retires at age 45 and dies at age 55 - "Insurance Amount" would be reduced to $63.00 per month.

16      |$12000|$200/mo.|$200/mo.|$154.40|$95.40|$930.00
17      | 12000| 200.00 | 200.00 | 165.41| 96.30| 930.00
18      | 12000| 200.00 | 200.00 | 176.22| 97.20| 930.00
19      | 12000| 200.00 | 200.00 | 187.34| 98.10| 930.00
20      |*12000| 200.00 | 200.00 | 200.00| 99.00| 930.00

Cost to date - $8,835.00

*This is the maximum amount which may be taxed and hence used in computations.