Closed defined benefit Defined contribution supplemental arrangement supplemental arrangement These arrangements have not been Officers who were hired after offered since January 1, 1999 January 1, 1999 and employees who None of the current named executives were promoted to an officer level after have these arrangements, and there this date are eligible are no employees remaining with one of We credit 10% of pensionable earnings these arrangements (15% for Mr. Gori) above the pensionable earnings maximum to a notional account for each participant Pensionable earnings are calculated as base salary and the annual incentive, including the amount taken as deferred share units Investment income credits are based on the investment options selected by the participant Participants can take the value of their account in instalments at retirement, or withdraw it as a lump sum with our consent United States Defined benefit pension plan (cash balance) 401(k) plan Who All U.S. employees Participation is voluntary for all U.S. participates employees Terms Participants do not contribute Participants may contribute up to 50% Participants receive contribution of their eligible salary to the IRS credits in a notional account that earns maximum (US$20,500 in 2022) interest credits Eligible salary is limited to the IRS Interest credits are based on the maximum (US$305,000 in 2022) average annual yield of 10-year Participants choose from a range of Treasury Constant Maturities in effect options to invest their account on each business day during the two months ending September 30 of the preceding calendar year For the benefits earned by Mr. Costantini from September 2000 to December 2007 under legacy plan provisions, a minimum interest crediting rate of 5.00% (compounded daily) applies Pension We credit participant accounts with 4% We contribute a 100% match on formula of eligible compensation up to the participant contributions to a maximum Social Security Wage Base, plus 8% of of 4% of eligible salary eligible compensation that exceeds this Our contributions and participant base contributions combined are limited to Eligible compensation is limited to the the IRS maximum (US$61,000 in IRS maximum (US$305,000 in 2022), 2022) and is calculated as base salary plus Our contributions vest immediately the annual incentive received Our contributions vest after three years of service 96 Manulife Financial Corporation