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<br />I II <br /> City of Mooresville June 17, 1985 <br /> NY HART <br /> EXHIBIT III <br /> ESTIMATED ANNUAL COSTS <br /> Retirement Aile <br /> 55 60 65 <br /> Alterna te 1 $13,029 $ 9,586 $ 6,538 <br /> Alternate 2 20,854 17,050 12,924 <br /> Alternate 3 16,978 18,203 18,203 <br /> <br />Costs assume payment at beginning of year for Alternate 1 or 2. <br />Alternate 3 is 6\ of participating payroll for those under normal <br />retirement age. <br />