An active participant's required contribution accrued benefit is the accrued monthly benefit derived from his required contributions. On any date, his required contribution accrued benefit shall be determined as follows:
(A) Step one. Determine the amount of the participant's required contribution account on such date.
(B) Step two. Add to the amount determined in step one, interest compounded annually at the interest rate used to determine present value for the period beginning with the determination date and ending on the date on which the participant reaches his normal retirement date. Convert the amount thus accumulated to a monthly retirement benefit under the normal form using the interest rate and mortality table used to determine present value. (Ord. 1806, passed 1-7- 15)