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A takeover plan is a unit credit accumulation plan formula, where the benefit is the prior year AB plus the current year's accrual based on current year pay times 1.25%. No lump sum option only life and QJSAs. 1,000 hours required to accrue each year. When participants reach NRA, the plan begins to pay the participant's monthly benefit, even if the participant does not retire. So if a participant attains NRA in 2013 and begins receiving his monthly benefit, and then accrues an additional benefit in 2014, when does the payment increase? a. First of month after completing 1,000 hours (except that the amount of the benefit is not yet known because 2014 total wages aren't known); b. First day of the next plan year? c. as soon as administratively feasible in the next plan year with a catch up back to when the benefit accrued? d. Other? The plan document has no language addressing this, the prior plan documents that we have obtained do not address it either. Thanks.