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required herein to give petitioner's interpretation of the plans
any particular deference. Firestone Tire & Rubber Co. v. Bruch,
supra at 110-115.
The term "QJSA" is defined only in section 1.25 of each
plan. Section 1.25 of each plan defines QJSA as a joint and 100-
percent survivor annuity, "which is the actuarial equivalent of *
* * [the participant's] Retirement Pension." As indicated,
"actuarial equivalent" means equal in present value. The phrase
"which is the actuarial equivalent of * * * [the participant's]
Retirement Pension" implies an equivalence in value of two
different retirement benefits--namely, each participant's normal
retirement pension and the joint and 100-percent survivor
annuity. Each plan describes a participant's normal retirement
pension in terms of a single life annuity. When read in the
context of the entirety of the plans, section 1.25 quantifies the
joint and 100-percent survivor annuity as the actuarial
equivalent of a single life annuity for the life of each
participant, or the normal retirement benefit provided under
section 3.02 of each plan. Accordingly, we conclude that under
section 1.25 of each plan, Rozenblatt and Jakubowicz each receive
a joint and 100-percent survivor annuity that has the same
present value as a single life annuity for the life of each
married participant (i.e., a reduced joint and 100-percent
survivor annuity).
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