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Exhibit G — 1997 Memorandum of Agreement: Pensions

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During the negotiations for the 1997-1999 agreement covering Registered Nurses at VNSNY Home Care, the parties agreed that the present Pension Plan will be amended as follows:

During the term of this Agreement, the Employer shall maintain in effect the current level of pension benefits (as amended by the 1985 - 1987 Memorandum of Agreement attached hereto as Exhibit B and made a part hereof) to the extent currently provided by the Employer, for the Regular Full-Time and Regular Part-Time Employees who were actively employed on February 28, 1997, and continue to be actively employed after February 28, 1997, in one of the salaried job classifications listed in the salary chart in Section 6.1 of this Agreement (including such an Employee who is on authorized leave of absence on February 28, 1997, who returns to work with the Employer in one of such salaried job classifications, immediately following the expiration of such leave).

Except as otherwise required by ERISA, the current pension plan shall be amended with regard to all other Employees who are employed as, or become, Regular Full-Time and Regular Part-Time Employees on or after March 1, 1997, as follows:

New Benefit Formula: 1.5% x Average Final Compensation x years of Credited Service as a Regular Full-Time and Regular Part-Time Employee for the first 15 years of such service and 1.7% x Average Final Compensation x years of Credited Service in excess of such 15 years.
New Normal Retirement Age: Age 65
Unreduced Pension: Age 62 and 25 years of Credited Service
New Early Retirement: 1/3% per month to age 62
Reduction: 1/2% per month to age 55
COLA: None


By: Denise M. Davin By: Sandra Feldman
Vice President for Human Resources President
and Labor Counsel

Date: March 1, 1997