RETIRING FROM NEW YORK LIFE AS AN AGENT Please click on the link below to jump to the section in the FAQs Accessing Your Benefits Resources™ (YBR) in retirement Nylic Retirement (Pension) Plan New York Life Agents 401(k) Savings Plan Group Plan - Medical & Dental Coverage Health Reimbursement Account (HRA), Retiree Reimbursement Account (RRA) and Flexible Spending Account (FSA) Agents Deferred Compensation Plans Other Benefits Life & Accidental Death & Dismemberment (AD&D) Insurance Long Term Disability (LTD)

Other Items Commissions Ledger Questions Succession Planning 1SN/2SN Retired Agent’s Contract Taxes – Forms & Withholding NYLA Plan, Long Term Care and/or Paul Revere Deductions How will my income change in retirement? Checklist Tools

Accessing Your Benefits Resources™ (YBR) in retirement

It is very important to set up a User ID and Password before you retire from New York Life so you can access your benefits on the Your Benefits Resources™ (YBR) website directly from the internet at http://resources.Hewitt.com/newyorklife. When accessing this website directly from the internet, you will be prompted for a User ID and Password. This is NOT your New York Life Universal ID and Password. If you have forgotten your YBR User ID and/or Password, please go to http://resources.hewitt.com/newyorklife and follow the instructions to reset your User ID and Password on the home page under “Log on Help.” Please call the New York Life InfoLine at 1-888-513-4636 to have a retirement specialist assigned to you. The retirement specialist will review all your benefits and go through the steps you need to take to complete the retirement process.

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If you are not retirement eligible but have questions about your benefits and would like to speak with a Benefits Representative, please call the New York Life InfoLine at 1-888-513-4636. You will need the online password you set up for the website to access your information by phone.

Nylic Retirement (Pension) Plan

1. What are the vesting requirements for the Nylic Retirement Plan (Pension)?

You must have 5 years of service to be vested in a benefit under the Nylic Retirement Plan. 2. Am I eligible to retire?

You are eligible to retire and receive pension benefits under the Nylic Retirement Plan if you have completed at least 20 years of vesting service or are age 65 with 5 years of vesting service. Vesting service includes employee service that accrued on or after 1/1/82. Please check the Key Dates on YBR for the date you are eligible to retire, or call the New York Life InfoLine at 1-888-513-4636 to speak to a retirement specialist.

3. How do I figure out what my pension payment will be on the date I plan to

retire? Access the Your Benefits Resources ™(YBR) web site via Agency Portal, or directly from the internet at http://resources.Hewitt.com/newyorklife using your YBR user ID and password. On YBR click on “Savings and Retirement” and then “Project Retirement Income”. Next click on “Project your Pension Benefit” to input your personalized assumptions such as your last day under an Active Agent’s Contract and the date you want to begin receiving your benefits. When you have input all your assumptions, click on the Estimate Pension button at the bottom of the page. These easy-to-use modeling tools will help you make decisions about your benefit options.

4. What is the process for retiring and starting my pension payments?

• Call the InfoLine at 1-888-513-4636 three months prior to your retirement date to discuss retirement plans and review the benefits available to you

• Notify your Managing Partner • Initiate the retirement process by either:

o Accessing the YBR website o Calling the InfoLine at 1-888-513-4636 and following the prompts to reach a

retirement specialist • Once you have initiated this process, you will receive a retirement kit in the mail with

information as to your payment options under the Nylic Retirement Plan with instructions on how you can commence payment of your benefit

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• After you have returned the paperwork in the retirement kit, you will receive a Pension Election Authorization Form (PEA)

• Complete the required forms and return them to the Benefits Center at least two weeks before your retirement date

5. May I defer the payment of my qualified pension?

Yes, if you retire prior to your normal retirement date, you may defer your qualified pension benefit from the Nylic Retirement Plan. However, you must commence your qualified benefit no later than your normal retirement date, which is the first of the month following attainment of age 65. If you are eligible for a non-qualified pension benefit from the Nylic 415 and 401(a)(17) Excess Benefit Plan (“Excess Plan”), a non-qualified plan that provides benefits in excess of the maximum benefits that may be paid and accrued from the qualified plan due to Internal Revenue Code limits, your non-qualified benefit will commence in accordance with the terms of the Excess Plan. If you are eligible for a non-qualified benefit from the Excess Plan, and your payments have not yet begun, you can contact the InfoLine at 1-888-513-4636 for further information about your benefit commencement date.

6. What payment options are available for my pension benefit?

Please log onto Your Benefits Resources ™(YBR) website or call the InfoLine at 1-888-513-4636 to see what forms of payment are available to you.

7. Will taxes be withheld from my pension payments?

When you receive a monthly annuity from the Nylic Retirement Plan (and Excess Plan, if eligible), those benefits are considered taxable income for Federal income tax purposes. Federal income taxes will automatically be withheld from payments from the qualified plan. However, you may elect to not have withholding apply to qualified payments received under the NYLIC Retirement Plan. The amount withheld will depend on your tax filing status and the number of exemptions you claim. Your monthly payments may also be subject to state and local income taxes. Please call the InfoLine at 1-888-513-4636 and follow the prompts to reach a retirement specialist to discuss withholding options.

Remember, if you choose not to have taxes withheld from your qualified monthly benefit payments, you remain responsible for paying these taxes.

If no taxes are withheld, or if the amount withheld is not enough to cover actual taxes due you may be required to pay estimated taxes.

Consult your tax advisor concerning your specific circumstances.

New York Life Agents 401(k) Savings Plan

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8. Will I be able to continue making contributions to or obtain loans from the

401(k) Plan? If you are a 401(k) Savings Plan participant, following your retirement, you will no longer be able to make contributions or obtain loans.

9. What are my options for leaving my money in or taking it out of the 401(k) Savings Plan? If your account balance totals more than $1,000, your funds may remain in the plan. Following your retirement, you may elect to take a full or partial distribution of your account balance at any time in accordance with the distribution options available under the 401(k) Savings Plan. However, upon reaching April 1 following the calendar year in which you attain age 70½, you must begin taking “required minimum distribution” payments.

If your account value totals $1,000 or less at retirement, payment of the entire account will automatically be made after your retirement date.

10. If I leave my 401(k) Savings Plan account with New York Life, can I change my investment options? Yes, you can change your investment elections for existing account balances at any time. You have access to your 401(k) Savings Plan account 24/7, via the YBR website. You can also speak with your retirement specialist via the NYL InfoLine.

11. Can I roll over my account balance to another company’s eligible retirement

plan or to an IRA? Yes, you can roll over your qualified 401(k) Savings Plan account to another company’s eligible retirement plan or to an IRA.

12. I have an outstanding loan. What happens to the remaining amount due?

Under the terms of the 401(k) Savings Plan, you must repay any outstanding plan loans within 60 days of retirement or separation from service. If the loan is not repaid within this time period, the value of any outstanding loan amount will default and become taxable income in the year that the default occurs. A 10% IRS penalty may also apply. Information on any outstanding loan(s) will be included in the 401(k) package that will be sent to you following your last day under your active Agent’s Contract. You may also obtain information about your loan balance(s) via the YBR website or by calling the New York Life InfoLine.

13. Can I change my beneficiary after I retire from the Company?

Yes, you can change your beneficiary for your 401(k) Savings Plan benefit at any time. However, if you are married, your spouse must consent to you naming someone else as the primary beneficiary.

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14. After I separate from the Company, will I get any information or statements for my 401(k) Savings Plan? You will continue to receive quarterly statements to help you keep track of all activity in your account. You can also view an account summary at any time on the YBR website or request your account balance by calling the New York Life InfoLine at 1-888-513-4636.

15. Can I take a hardship withdrawal after retirement?

No, you will not be able to take a hardship withdrawal from your 401(k) Savings Plan account once you terminate your active Agent’s Contract. However, other distribution options will be available to you once you terminate your active Agent’s Contract. You should refer to the Agent Progress-Sharing Investment Plan (401(k) Savings Plan) Summary Plan Description for more information regarding distribution options. The Summary Plan Description can be found on both the Agency Portal and the YBR website. For more information log onto YBR or call the New York Life InfoLine at 1-888-513-4636.

16. What happens if AonHewitt Financial Advisory Services (AFA) is currently managing my 401(k) Savings Plan account investments under the Professional Management program? If your NYL 401(k) Savings Plan account is currently managed by Aon Hewitt Financial Advisory Services (AFA), AFA will continue to manage your account as long as you remain in the Professional Management program. You can terminate the service agreement with AFA at any time by calling Aon Hewitt Financial Advisors at 1-866-560-7256.

17. Whom do I notify regarding decisions I make about my 401(k) money? You will receive a 401(k) package within a few weeks following your last day under your active Agent’s Contract. This package will provide you with information as to your payment options under the plan and give you instructions on how you can access your funds. The package will explain what you need to do if you wish to roll over the taxable portion of any distribution. Prior to requesting a distribution, you should contact your own tax advisor. For additional information, please refer to the Agent Progress-Sharing Investment Plan (401(k) Savings Plan) Summary Plan Description, which is on both Agency Portal and the YBR website, or call the New York Life InfoLine at 1-888-513-4636.

Group Plan - Medical & Dental Coverage

18. Am I eligible for Retiree Medical and/or Dental? If you meet the eligibility requirements for retiree health and welfare benefits (see below references for details), and you and your eligible family members are covered under a Company sponsored medical option immediately preceding your retirement, you and your eligible family members will be eligible for coverage at retirement. You will be provided only with the retiree medical options available to you and your eligible dependents under the Group Plan for New York Life Retired Agents and Employees (“Group Plan”).

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If you are not enrolled in Company sponsored medical coverage in the year in which you retire, you may still be eligible for coverage for yourself only. If you met the first year commission (FYC) production requirements for coverage in either of the prior two calendar years, you can enroll in retiree medical coverage for yourself. You will not be able to enroll any eligible dependents for retiree medical coverage. In the situation where you failed to meet the FYC requirements for continuing medical coverage as an active Agent, and you elected COBRA continuation coverage for you and your eligible family members, participation in COBRA under our Company sponsored plan immediately preceding retirement will count as coverage prior to retirement. The above rules also apply to the ability to elect retiree dental coverage. You are eligible for retiree medical and dental coverage, if as of your retirement date, you meet one of the following:

• You have 30 or more Years of Service • You are at least age 60 and have completed 20 or more Years of Service • You are at least age 65 and have completed at least 10 Years of Service • Be at least age 65 with 5 Years of Service and “grandfathered” as of 2/28/2006 (i.e.,

you were an active Agent on 2/28/2006 and were at least 55 as of that date) • You are a Lifetime Council member (made Council for 20 consecutive years or 25

non-consecutive years) • You retire due to disability under the Nylic Retirement Plan • You were a Senior Nylic as of January 1, 1984

19. I have medical and/or dental coverage through New York Life, but I am not

eligible for retiree medical coverage. What are my options when I retire from the Company? You can continue with your current medical and/or dental benefits with the Company for yourself and/or your eligible enrolled dependents, starting the day after your last day under your active Agent’s Contract, for a period of up to 18 months, by enrolling through COBRA. However, you will be responsible for paying the full costs of this coverage, plus an additional 2% for administrative costs. Your COBRA continuation coverage package will be mailed to your home address. COBRA election is time sensitive so be sure to follow the instructions in the package.

20. I am not eligible for retiree medical coverage, and I am not enrolled for active Agent medical and/or dental benefits. Can I elect COBRA? No, you cannot enroll in COBRA if you are not enrolled in active Agent medical and/or dental benefits on the last day under your active Agent’s Contract.

21. I am eligible for retiree medical and/or dental coverage, and my entire family,

including my spouse and children, are currently enrolled in the active Agent

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medical and dental coverage. Can I cover my entire family under the Company’s retiree medical and/or dental plans? Yes, since you and your eligible dependents have medical and dental coverage on your last day under your active Agent’s Contract, all of you are eligible for retiree medical and/or dental coverage. You have the option to drop retiree coverage at or after retirement. If you drop your coverage, any enrolled dependents will also be dropped. Once coverage is dropped, it cannot be added at a later date. If you keep your coverage and drop a dependent, you will not be able to add your dependent back at a later date. You cannot add new dependents unless it is a qualified status change (QSC) for a dependent child. New or existing spouses cannot be added at a later date.

22. If I am eligible for retiree Medical and/or dental coverage, but do not elect it at

my retirement, can I elect coverage at a later date? No, you must elect coverage for you and your eligible dependents when you are first eligible for the coverage, which is the effective date of your retirement (i.e., at separation). If you do not enroll for retiree coverage at retirement you cannot add it at a later date.

23. My spouse is an active employee with another employer and has medical and

dental coverage through his/her employer. If I am eligible for retiree medical coverage, can I defer adding spousal coverage until a later date? No, your spouse must have Company sponsored medical coverage on the day before you retire to be included on your retiree coverage. So it is important that you add coverage for your spouse during Annual Enrollment for the year you will be retiring. If your spouse is not included on your Company sponsored medical coverage on the day before your retirement, you cannot enroll your spouse at retirement or at a later date.

24. If I enroll for retiree medical coverage and subsequently get a new job with

another employer, can I drop my retiree coverage and re-enroll at a later date? No, once you drop retiree medical and/or dental coverage for you or any of your eligible enrolled dependents, you cannot re-enroll at a later date.

25. Is the retiree dental coverage the same as the active dental option?

No, there is only one retiree dental option. The retiree dental option is a $50 deductible dental option and it’s not the same as the dental options that are available to active Agents. The deductible applies to all charges and the calendar year maximum is $1,500.

26. If I am eligible for retiree dental but do not elect it at my retirement, can I elect

coverage at a later date? No, you must elect coverage for you and your eligible dependents when you are first eligible for it, which is the effective date of your retirement. If you do not enroll for retiree dental coverage at retirement, you cannot add it at a later date.

27. Does the Company subsidize the costs of its retiree medical and dental benefits?

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Yes. The subsidy amount may vary based on a combination of your years of service at retirement, your grandfathered status and your age. Please call your retirement specialist at 1-888-513-4636 for your specific costs.

28. How do I pay for retiree medical and or dental coverage?

If you are eligible and enroll for retiree coverage, your contributions will be deducted from your retiree (RALS) ledger. Deductions will first hit your active (FUELS) ledger on the 15th of the month prior to retirement. On the first of the following month, the retiree process sweeps your active ledger and moves these deductions to your retirement ledger. Deductions on your retiree ledger are always for the previous month’s coverage.

29. Is there a difference in the medical coverage offered to Medicare eligible and

non Medicare eligible retirees? Yes. The medical coverage for retirees for whom Medicare is not primary (generally for people who are under age 65) is the same as the Active Health Option offered to active Agents without consumer dollars. For retirees who are eligible for Medicare (generally age 65 and older) the only option is a Comprehensive Medical option which integrates with Medicare. Whether Medicare is primary or secondary depends on whether you meet the first year commission (FYC) production requirement.

30. I am eligible for Medicare. What must I do?

You must enroll in Medicare Part A as soon as you are eligible for it. If Medicare will be your primary coverage, then you must enroll in Part B. Under this situation, our retiree coverage pays benefits as if you are enrolled in Part B, even if you are not. If Medicare will be your secondary coverage, then you should consider whether it's worth enrolling for Part B and paying the full premium for secondary coverage. If you make the decision not to enroll in Part B when you are first eligible, it is the your responsibility to keep track of whether Medicare is primary or secondary and enroll in Part B at the appropriate time.

• Visit www.socialsecurity.gov or call 1-800-772-1213 to enroll in Medicare • For information about Medicare, visit www.medicare.gov or call 800-MEDICARE (1-

800-633-4227) • Once you are enrolled in Medicare, contact Aetna to enroll in Medicare Direct to have

Medicare forward claims directly to Aetna. Contact Aetna Concierge at 1-877-440-4708 • Contact your retirement specialist or visit YBR for more information

31. If I am eligible for Medicare, is Medicare always primary (first one to reimburse

medical expenses)? No, if you are credited with the required FYC that would provide medical coverage to an active Agent, then NYL medical coverage is primary and you should submit claims to Aetna first. If you do not meet the minimum required FYC in the prior year or year to date in the current year then Medicare is primary and claims should be submitted to Medicare first. You will receive an annual statement from AonHewitt at the beginning of the year that will

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indicate if you are Medicare Primary or Medicare Secondary. If your status changes, it is important to contact the Medicare Coordination of Benefits Office at 1-800-999-1118 and advise them if NYL coverage is primary or secondary.

Health Reimbursement Account (HRA), Retiree Reimbursement Account (RRA) and Flexible Spending Account (FSA)

32. I am enrolled in the Active Health Option with a HRA and am not eligible for

retiree medical coverage. What happens to my HRA when I retire from the Company? Any unused HRA funds may be used to pay for eligible medical expenses incurred prior to your last day under an active Agent’s Contract. This fund will continue to be available to you if you choose to remain in the Company’s Active Health Option through COBRA and pay the full price plus an administrative fee.

33. I am enrolled in the Active Health Option with a HRA and am eligible for retiree

medical coverage. What will happen to my HRA after retirement? If you enroll in the Company’s retiree medical coverage, any unused HRA funds you have at the time you retire will be transferred to you in the Retiree HRA.

34. I am enrolled in the Active Health Option with a HRA and am eligible for retiree

medical coverage. What will happen if I choose not to enroll in the retiree coverage? If you are eligible to retire but you decide not to enroll in the retiree medical coverage, any unused HRA funds you still have can only be used for eligible medical claims incurred prior to your date of retirement. You are encouraged to submit all of your HRA reimbursements before the end of the calendar year in order to avoid possible forfeiture of your HRA funds.

35. If I have a frozen Retiree Reimbursement Account (RRA) from prior to 2014,

what happens to that account? If you have a residual RRA that was tied to the pre-2014 medical options (e.g. HMO with HRA or PPO with HRA), it will be available to use to pay for eligible medical expenses if you enroll in retiree medical coverage. If you do not enroll in New York Life’s retiree medical coverage, any residual RRA balance will be forfeited.

36. Can I use my HRA and RRA funds to pay for my monthly retiree medical

contributions? Yes, please call Aetna to find out how to submit a claim in order to reimburse yourself for contributions for your retiree health medical coverage.

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37. What happens to my Flexible Spending Account after my retirement? You can use up to the entire goal amount for any qualified expenses incurred prior to your last day under your active Agent’s Contract. If you use more than you have contributed into the FSA, you do not have to pay that amount back to the company. To file reimbursements from your current year FSA, you have until March 31 of the following year. Any unclaimed funds will be forfeited after March 31 of the following year.

38. Can I still use my PayFlex debit card after retirement?

If you are eligible to retire and you choose to enroll in the Company’s retiree medical coverage, your PayFlex debit card will remain activate. However, if you are not eligible to retire or choose not to enroll in the Company’s retiree medical coverage, your PayFlex debit card will be turned off after your last day under your active Agent’s Contract and you will not be able to use the card. To file eligible expenses for reimbursement from your FSA and/or HRA, you will need to submit documentation of eligible claims by going online to www.aetnanavigator.com. PayFlex administers both the HRA and the FSA. When you file for reimbursement, keep in mind that your FSA funds, if any, will be used before your HRA funds to pay for qualified expenses and the HRA pays for eligible medical expenses only. For further questions, please call your Aetna Concierge at 1-877-440-4708 or PayFlex Card Services at 1-888-999-0121

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Agents Deferred Compensation Plans 39. When will my Deferred First Year Commission Plan (“DFYC Plan”), Deferred First

Year Commission Plan for New York Life Agents who are Accredited Investors (“AI Plan”), or the Deferred Investment Fee Plan for Investment Advisory Representatives of Eagle Strategies LLC (“Eagle Plan) payments start? (See Q45 and Q46 for information regarding payouts from the Deferred Compensation Plan for New York Life District Agents and District Agent Associates ("DA Plan") and the Senior Nylic Accumulation Plan ("SNAP")) Your payments will start on the date you elected under the terms of applicable plan or on the date specified in the applicable plan, unless you make a subsequent election.

40. How will my payments be made to me?

Your payments will initially be credited to your ledger. An EFT or check will be sent the day after the credit hits your ledger.

41. When are payments made?

Payments typically are credited to the Agents’ ledger system within the 5th business day of each month. January payments are typically made mid-month.

42. What are the general rules for changing an account distribution election for the

DFYC, AI and Eagle Plans? If you wish to change your payment timing and/or method for a post-2004 deferral Scheduled Date Account under the DFYC Plan or AI Plan, or any Scheduled Date Account under the Eagle Plan, and your earlier election was for payment in a lump sum or in monthly installments, the following rules will apply. (If your earlier election was for an initial lump sum plus either monthly installments or another lump sum, special rules apply; see the next question and answer.) 1. You must delay the start of your payment(s) at least five years from when the account otherwise would have been paid. 2. You must change your distribution election at least 13 months prior to the earlier payment date. 3. Your new election will not become effective until 12 months after the date of the change. If you leave the Company before the 12 months pass, the change will not occur.

43. What are the special rules for changing an account distribution that includes a

lump sum plus more payment(s)? If you originally elected to have a post-2004 deferral distribution account under the DFYC Plan or AI Plan, or any distribution account under the Eagle Plan paid in an initial lump sum, with the remainder to be paid in either a second lump sum or monthly installments, any changes to your distribution election must meet the following requirements: 1. If you change one payment, you must delay both payments at least 5 years from their

original payment dates.

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• For example, suppose you originally elect to have 50% of a distribution account paid in a lump sum in 2024, with the remainder to be paid in monthly installments over five years starting in 2029. If you want to make a change to the lump sum payment (e.g., you only want 20% of the distribution account balance paid as the initial lump sum payment, or you want to change the date for the lump sum payment), then you must postpone both payments at least 5 years; thus, under your next election, the lump sum would be payable in 2029 or later, and the monthly installments would be payable in 2034 or later. • Suppose that under the same facts as above, you want to change only the second payment (e.g., you want to change the payment date for the installment payments to 2034). In such a case, you will also need to delay the payment date for the lump sum payment until at least 2029.

2. You cannot increase the percentage of the first lump sum payment beyond your original election, unless you consolidate your payment into one lump sum or one set of monthly installment payments. If you do consolidate the two payments you originally elected into a single payment (or a single installment stream), the earliest payment date you can elect is 5 years after the later of your two original payment dates. • In the above example, you can make a change to your distribution election, but if you want to keep two separate payments, you cannot increase the initial lump sum payment above 50% of your account balance (although you can decrease it to less than 50%). Also in the above example, if you consolidate the two payments you originally elected for your distribution account into a single lump sum, the earliest year the lump sum would be payable is 2034.

44. What are the distribution rules for a pre-2005 deferral balance under the DFYC

Plan or AI Plan? The distribution options described below apply only to any pre-2005 deferral balance under the DFYC Plan or AI Plan. Amounts you have deferred to these plans after 2004 are subject to distribution rules imposed by Internal Revenue Code Section 409A that govern distribution provisions outlined in previous questions. Amounts that you deferred under these plans before 2005 (and earnings accumulated at any time on those deferrals) have been segregated from the rest of your balance, so that different distribution rules predating Section 409A will apply to them. These amounts are called “pre-2005 deferrals” and form your “pre-2005 deferral balance.”

You had a chance in the past to elect a commencement date and form of payment for your pre-2005 deferral balance. Most participants have only one pre-2005 deferral account, but it is possible you may have a second, subsequent account if your first account was in payout and you continued to make pre-2005 deferrals into the DFYC Plan or AI Plan. You may elect to change the commencement date and/or form of payment for a pre-2005 account so long as it is made at least 13 months prior to the previously scheduled payment date, you are an active participant, and you have not yet attained age 75. An active participant is someone

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who has an active Agent Contract or a 1SN or 2SN Retired Agent’s Contract. You may not elect to change or revoke your distribution election for your pre-2005 deferral balance if you are a former Agent (i.e., a terminated Agent or a retired Agent without a contract) or if you have attained age 75.

If you are eligible to change the commencement date of your pre-2005 deferral balance, you may choose for the new starting date any January before your 75th birthday that occurs:

• At least 13 months after the date you file the new election, and • By the earlier of your 65th birthday or completion of 20 years of service as an Agent

If you are eligible, you may choose to change the form of payment for your pre-2005 deferral balance to:

• A lump sum, or • Monthly installments over 5 to 30 years To qualify for installments, you must have a pre-2005 deferral balance of at least $25,000 as of your new elected payment date. If you do not, your account will be paid in a lump sum, regardless of your election.

45. What are the distribution rules for the DA Plan?

When you receive your first Long Term Incentive (LTI) Credit, a Plan account will be established on your behalf. Your account will be distributed on your Default Disbursement Date in the Default Disbursement Form. The Default Disbursement Date is the January following the ninth year after the Service Year with respect to which an LTI Credit is first credited to your account. The Default Disbursement Form is monthly installment payments over a period of 10 years.

However, you may change your Default Disbursement Date and/or your Default Disbursement Forms as outlined below.

• Any change must be made online; and • The change must be made at least 13 months before the prior payment

commencement date; and • The new disbursement or commencement date must be at least five years later than

the prior payment commencement date; and • Your change will not become effective until 12 months after the date is submitted.

You may elect to receive your District Agent Plan account in:

• A lump sum, or • Monthly installments over 2 to 30 years.

46. What are the distribution rules for SNAP?

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Your vested account balance, which is all your Credits and any interest on them, will be distributed on your Default Disbursement Date in the Default Disbursement Form. The Default Disbursement Date is January following the year in which you reach the 22nd anniversary of your initial Qualifying Contract date. The Default Disbursement Form is monthly installment payments over a period of 10 years

You may change your Default Disbursement Date and/or your Default Disbursement Form as outlined in question 45 above.

To receive installment payments, your Plan account balance must exceed the Internal Revenue Code Section 402(g) limit as of the date your account is valued for payment. The 402(g) limit for 2015 was $18,000; the amount is subject to change annually. If your Plan account balance is equal to or less than the 402(g) limit on your valuation date, then your account will be paid to you in a lump sum rather than in installment payments.

47. How is my DFYC or AI Plan balance paid upon death?

If you deferred to the Plan prior to January 1, 2010, your balance will be paid to your designated beneficiary (ies) in accordance with the form and date of payment that was on file with the Administrator as of December 31, 2008 -- either as a lump sum after death or at the same time and in the same form of payment as you previously elected for yourself. If no election is on file, your balance will be paid to your beneficiary (ies) in one lump sum following your death. Beneficiaries of participants who first defer to the Plan after January 1, 2010 (by making a deferral election during the 2009 enrollment period) will be paid based on the election on file, or if no election is on file, the balance will be paid based on a payment hierarchy designated by the plan document

48. How is my Eagle and/or SNAP Plan balance paid upon death?

Beneficiaries will be paid in a lump sum following the participant’s death. 49. How is my DA Plan balance paid upon death?

Beneficiaries will be paid in a lump sum following the participant’s death, unless elected otherwise before January 1, 2009

Other Benefits Life Insurance & Accidental Death & Dismemberment (AD&D) Insurance

50. How can I find the amount of my group life insurance benefit?

You can find the amount of your group life insurance benefit on YBR by clicking “Health and Insurance” and then “Insurance and Other Benefits”. Each type of life insurance coverage you have (i.e., contributory or non-contributory) will be displayed along with the total

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amount of the coverage. You may also get this information by calling the New York Life InfoLine at 1-888-513-4636.

51. Who are the beneficiaries for my group life insurance?

Your beneficiaries can be found on the YBR website: under the “Health and Insurance” tab, click on “Beneficiaries”. Your primary and contingent beneficiaries are listed by benefit plan. To update to your beneficiaries, click “Choose Beneficiaries” underneath each benefit plan. Beneficiary information may also be obtained by calling the New York Life InfoLine at 1-888-513-4636. The representative can also help you change your beneficiaries.

52. May I get a letter stating the type and amount of my group life insurance?

Yes. Please call the New York Life InfoLine at 1-888-513-4636 and speak with a representative. A letter will be mailed to you within seven to ten business days with the information you requested.

53. What is GTTI? Why does it show up on my ledger?

GTTI stands for Group Term Taxable Insurance. The IRS considers the value of employer-provided life insurance coverage over $50,000 as part of your taxable income. The IRS assigns a value to this coverage, reported on your W-2 form as “imputed income” and is displayed on your ledger as Group Term Taxable Income (GTTI). It is taxed at the same rate as your taxable income. Keep in mind you pay tax on the value of the coverage, not on the amount of the coverage itself. If you would like a breakdown of how your GTTI was calculated, please call the New York Life InfoLine at 1-888-513-4636.

54. Will my AD&D coverage continue after retirement or separation?

No, coverage ends on your last day under your active Agent’s Contract. AD&D coverage cannot be converted to an individual policy.

Long Term Disability (LTD)

55. Will my LTD coverage continue after retirement or separation?

No, your coverage ends on your last day under your active Agent’s Contract. Please call the New York Life InfoLine at 1-888-513-4636 if you are interested in converting your LTD coverage to an individual policy.

Other Items Commissions 56. If I retire, will my ledger continue to be credited with commissions?

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If you continue to operate under a 1SN or 2SN Retired Agent’s Contract, your ledger will continue to be credited with renewal commissions and trails on business that you wrote while under an Active Agent’s Contract. Different rules apply depending on the product if you are not operating under a Retired Agent’s Contract. If you have questions about a specific product, please contact the commissions’ area at: 1-800-584-8026 or via email at commissionimport@newyorklife.com.

57. If I take a Retired Agent’s Contract, will my renewal commissions rates change?

Your renewal commissions rates on business that you wrote under your active Agent’s Contract will stay the same. For business that you write under a Retired Agent’s Contract, your ledger will be credited with renewal commissions at a different rate for Whole Life and UL products. Renewal commissions on other products will be credited to your ledger at the same rate as under your active Agent’s Contract. Please call the InfoLine at 1-888-513-4636 and select “Nylic Retirement”, then select “Income, 1SN/2SN”.

Ledger Questions 58. Will my pension income be credited to my ledger?

Your qualified pension will be credited to a new Retired Agent’s Ledger Statement (“RALS ledger”). Your qualified pension benefit is the only payment that will be credited to your RALS ledger. Any healthcare premiums, NYL-A-Plan and Long Term Care policy premiums that you are currently having deducted from your active Agent ledger will be deducted from the RALS ledger, assuming your monthly pension amount credited to your RALS ledger, net of tax withholding, can cover these payments. Otherwise, these deductions will have to be made on a direct billing basis. Please note: If you view your ledger online via Agency Portal, you will see your qualified pension payment along with all other debits and credits on your active Agent ledger. However, this is just a display of the total amount of income that you are being credited with. Your pension is not credited to your active Agent ledger.

59. If I have a new RALS ledger, where will my commissions be credited? Any commissions on business written prior to retirement will continue to be credited on your active Agent ledger. If you are continuing under a Retired Agent’s Contract, commissions on any new business will also be credited to your active Agent ledger.

60. I am receiving a non qualified Excess Plan pension benefit. Will that be credited to my retirement ledger (RALS)? Non qualified pension benefits will be credited to your active Agent ledger. The reason for this is that your non qualified pension benefit is subject to FICA taxes, as are your commissions. Therefore, we need to put all FICA eligible credits on one ledger.

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61. How do I get my ledger statements sent to my residence address?

Please contact your G.O. Administrative Manager so he/she can submit a request on your behalf to have your ledger statements mailed to your residence.

62. What do I need to do to have my Pension payments deposited directly to my bank account? Please contact your G.O. Administrative Manager as he/she will need to process the required transactions to establish your Pension’s direct deposit arrangement.

Succession Planning 63. Why should I consider succession planning?

Succession planning is an important aspect of practice management. It is recommended that as soon as an Agent graduates into the Established Agent ranks, he or she set up a basic Successor Agent Agreement, just in case the unforeseen should happen such as a sudden death or full disability, as defined by the terms of the Nylic Retirement Plan. This is often referred to as a “basic contingency plan”. Agents view a basic contingency plan as having a business will. By having an agreement on file, you will have the peace of mind in knowing that if something unexpected should happen to you, your clients will be taken care of by the Successor Agent(s) of your choosing.

64. Should I wait until I’m ready to retire to establish a Successor Agent

Agreement? No, establishing the succession plan early lets you familiarize your successor(s) with your clients’ needs. You can leave the arrangement on the books for years without activating it, and make alterations if your situation or preferences change.

65. Aside from having a basic contingency plan should the unforeseen happen to

me, are there any benefits of establishing a Successor Agent Agreement at this time in my career? Established Agents tend to gravitate to their “A” and “B” clients and there is not enough time to service their entire book of business. The succession plan provides an excellent opportunity to engage the assistance of another Agent who is in need of more activity and may prove to ultimately be a candidate as your potential Successor Agent. Through tools, such as the Portal Contact System, RightBridge, and the Agent Marketing Plan, there are various means to “try out” potential successors while enabling you to keep in touch with more clients. Further, you can create projections in Top Comp to estimate how working with a successor can help enhance your revenue.

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66. Once I establish a Successor Agent Agreement, am I locked into a contract with the named Successor Agent? No, a Sponsor Agent can add or remove a Successor Agent, and a Successor Agent can choose to terminate their designation as successor as part of the agreement any time before succession is triggered.

67. Once I name a Successor Agent, will he or she have full access to work my book

of business? No, establishing a successor agreement by itself does not give the Successor Agent access to any of the Sponsor Agent's clients. As the Sponsor Agent, you may use the Portal Contact System (PCS) to grant a Successor Agent access to all or some of your clients prior to activating succession. However, you are not required to do so.

1SN/2SN Retired Agent’s Contract 68. When am I eligible to take a 1SN/2SN Retired Agent’s Contract?

An Agent must meet one of the following criteria to be eligible for a Retired Agent’s Contract:

• Agent retires after completion of 30 years of service as an Agent. • Agent retires after completion of 20 or more years of service as an Agent and has

reached at least age 60. • Agent retires at age 65 or later and has completed at least five years of service as

an Agent. Please check the key dates page on YBR to find out when you are eligible to take a 1SN/2SN Retired Agent’s Contract.

69. If I retire with a Retired Agent's Contract can I still participate in the Expense Allowance Program? Yes, you can participate in the Expense Allowance Program as long as you meet the production requirements.

70. If I retire with a Retired Agent's Contract can I still participate in the Life Persistency Bonus Program? Yes, you can participate in the Life Persistency Bonus Program as long as you meet the production requirements. Alternatively, if you trigger succession under a Successor Agent Agreement and elect the Life Persistency Bonus Provision of the Successor Agent Program, you may be eligible for all or part of your Life Persistency Bonus on eligible succeeded policies based upon your successor's persistency rate and based upon your successor meeting the Life Persistency Bonus production requirements.

71. What happens to my Annuity Persistency Bonus once I retire with a Retired Agent's Contract?

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You will continue to be credited with Annuity Persistency Bonus on eligible policies as long as you retain your Retired Agent's Contract.

72. Once I retire with a Retired Agent's Contract, am I still required to maintain my

Professional Liability Plan coverage? Agents operating under a 1SN or 2SN Retired Agent’s Contract who are not Registered Representatives are not required to have professional liability coverage. However, we strongly recommend that if you are in this group and are soliciting or selling you continue to have professional liability coverage.

73. What happens if I have non-qualified (NQ) Excess Plan payments that are payable based on separation from service and I take a 1SN/2SN contract? If you have NQ payments payable based on separation and you enter into a 1SN/2SN contract, you will not be able to commence the NQ portion of your pension benefit until you terminate all of your contracts with New York Life (including the 1SN/2SN)

Taxes – Forms and Withholding

74. What Tax forms will I receive as a Retired Agent?

Agents who have retired under the Nylic Retirement Plan may receive one or more of the following tax forms:

• Form 1099-R: for distributions from the Nylic Retirement Plan, 401(k) Savings Plan and, if applicable, long term disability payments.

• Form W-2: for commissions on business written prior to the Agent’s retirement date and, if applicable, GTTI, Council travel expense allowance, any Supplemental Senior Nylic Income payments, all payments under the non-qualified Excess Plan and certain payments under other nonqualified deferred compensation plans.

• Form 1099-MISC: for commissions on business written after the Agent’s retirement date, along with any applicable Agent expense allowance and for certain non-qualified deferred compensation distributions.

• Form 1095C: for health coverage through New York Life if applicable.

75. On what forms will my Deferred Compensation Plan payouts be reported? Agents who have participated in a Deferred Compensation Plan (e.g., Deferred First-Year Commission Plans, Accredited Investor Plans), and who are currently receiving a payout from these plans will receive either a Form W-2 or Form 1099-MISC, which will include both the principal and interest portions of this payment. (Form W-2 is used to report payout of amounts deferred when the Agent was a statutory employee. Form 1099-MISC is used to

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report payout of amounts deferred after the Agent's retirement.) Non-qualified Excess Plan payments will always be reported on a Form W-2.

76. How will I get my W-2, 1099-MISC or 1099R?

You can sign up to receive an electronic W-2, request a copy via FAX or USPS mail or you can view on-line and print your W-2 by logging on to www.PaperlessEmployee.com/NYLAGENTS. Use your NYLUID (Field Tech ID) or follow the prompts to set up your own unique user ID and password. To request a copy of your W-2, 1099 -MISC or 1099-R tax form, send an e-mail to: Agent_Ledger_Questions@newyorklife.com.

77. How will I get my electronic 1095C?

If you have signed up for an electronic 1095C, you can access your 1095C from the internet, go to www.paperlessemployee.com/NYLAGENTS. If you would like an electronic 1095C but have not signed up, please go to the above address to sign up, you will be asked to create a user id and password to set up your account. If you are not signed up to receive an electronic 1095C, then your 1095C will be mailed to your home address.

78. Are qualified retirement benefit payments from the Nylic Retirement Plan

subject to income tax withholding? Yes, monthly qualified pension payments from the Nylic Retirement Plan are subject to Federal, and, in certain cases, state income tax withholding unless the recipient has elected not to have withholding apply, where such elections are permissible.

79. How do I elect the amount of taxes to be withheld from my benefit payments? Retired Agents may elect not to have federal withholding apply to their qualified monthly pension payments by calling the InfoLine at 1-888-513-4636 or by logging onto the Your Benefits Resources™ ("YBR") web site at http://www.resources.hewitt.com/newyorklife. If federal income tax is to be withheld, the number of withholding allowances (exemptions) and marital status should be indicated. Federal income tax will then be withheld as if a payment of wages was being credited, and the amount withheld will be based on the marital status and the number of allowances claimed. If withholding of an additional whole dollar amount is desired, the Agent should contact the InfoLine or update his/her withholding election on YBR. You may also be able to make elections for state withholding purposes.

80. Can I change my withholding elections at any point in time? Yes, any previous election made, including the number of allowances and marital status previously claimed, will remain in effect until the election is revoked or a different number of allowances or a different marital status is claimed by changing the election on-line via YBR or by calling the InfoLine. An Agent can revoke his or her election at any time. Any change or revocation will be effective no later than the first of the month following the 30-day

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period after the election change or revocation is received. An Agent can make or revoke his or her election not to have withholding apply as often as he or she wishes. To make or revoke your withholding election, access YBR or call the InfoLine.

81. What happens if I don’t make an election to withhold taxes from my benefit payments? If no election has been filed with New York Life, federal income taxes will be withheld automatically from the monthly qualified retirement benefits as if the recipient were a married individual claiming three withholding allowances (exemptions). Generally, under such circumstances, no federal income taxes will be withheld if the monthly retirement benefit is less than a certain amount. This amount is $1,720 per month in 2016 (and is subject to yearly adjustment for inflation).

82. Does the number of exemptions I claim for withholding need to match what I claim on my tax return? No, the number of exemptions claimed when making an election need not be the same as those claimed on your own income tax return or on any other withholding form. However, if enough income taxes are not withheld from the pension payments, you may be responsible for payment of estimated taxes. Penalties and interest may be incurred under the estimated tax rules if withholding and estimated payments are not sufficient.

83. Do I need to pay FICA taxes on my Post-Retirement Income? Qualified Retirement Income credited under the Nylic Retirement Plan, whether you begin to receive it prior to, at, or after your normal retirement age, is not subject to FICA tax. This income is reported on Form 1099-R for the year it is paid. Once an Agent retires, he or she no longer is considered an employee for FICA tax purposes.

Commissions and other payments credited after retirement on business written prior to retirement will continue to be taxed at otherwise applicable FICA rates subject to applicable limits, if any.

For a terminating or retiring Agent with a non-qualified benefit under the Excess Plan, a final FICA tax calculation is done on the non-qualified benefit. We calculate the present value of the non-qualified benefit and reduce it for the remaining credit for the values previously taxed. This net amount is subject to applicable FICA withholding taxes, which will be, in most cases, deducted from the Agent's ledger.

84. What taxes do I need to pay if I decide to take a 1SN/2SN Retired Agent’s

Contract and keep selling?

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If you continue to operate under a Retired Agent's Contract, you will be considered self-employed for tax purposes. Any commissions or other payments credited on business written after retirement would be subject to SECA (Self-Employment Tax), except that no SECA tax is due if all of the retired Agent's self-employment income (SEI) is less than $400. In 2015, the rate for SECA was 15.3 percent of the first $118,500 of SEI (12.4 percent for OASDI and 2.9 percent for Medicare), and 2.9 percent of all SEI over $118,500. For 2016, the SECA 15.3 percent rate applies to the first $118,500 of SEI, and the 2.9 percent rate applies to all SEI over $118,500.An additional Medicare rate of 0.9 percent is also applied to income above a certain threshold (e.g. single filing over $200,000, married filing jointly over $250,000 or married filing separately over $125,000) so that the total rate is increased to 3.8 percent for income over those thresholds. The increase of 0.9 percent was imposed by the health-care reform legislation (Patient Protection and Affordable Care Act). Typically, 50 percent of the SECA tax is allowed as a deduction for federal income tax purposes. Commissions credited to retired Agents on business written after retirement are reported on Form 1099-MISC, and the Agent pays the SECA tax with his or her federal income tax.

85. Who can I contact if I still have tax questions regarding my retirement benefit

payments? If you have specific questions relating to your tax withholding on your retirement benefit(s), they should be directed to the InfoLine at 1-888-513-4636 when prompted, state "Retirement" to reach a representative.

Tax Disclaimer These FAQs contain questions regarding one or more tax-related subjects and provides general information only. It is not intended (and cannot be used) by any taxpayer for the purpose of avoiding any IRS penalties that may be imposed upon the taxpayer in his or her own individual circumstances. Taxpayers should always seek and rely on the advice of their own independent tax professionals. Please understand that New York Life, its subsidiaries, Agents and employees may not provide legal or tax advice. NYLA Plan, Long Term Care and/or Paul Revere Deductions

86. If I have NYL-A- Plan, Long Term Care, and/or Paul Revere Deductions taken from my ledger what do I need to do? Your NYL-A-Plan deductions will switch to the retiree (RALS) ledger when you retire. If you would like to arrange for a different payment method after your retirement, please call the following numbers to make the arrangements:

• NYLA Plan: 800-695-1272 • Long Term Care: 800-224-4582 • Paul Revere: 1-800-325-4368

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How will my income change in retirement? The charts below summarize what happens to whether and under what circumstances certain NYL compensation credits change after retirement. It also summarizes some benefits changes. In addition, notes in the chart in purple show where you can go to find your personal information.

Income from Compensation: (You can go to Top Comp to forecast compensation and Your Total Rewards (YTR) for current compensation)

Compensation Active Agent Retired-Active Agent with a 1SN/2SN Contract

Retired Inactive Agent (No Contract)

Renewals/Trails Continue to be Credited For additional information, please contact the commissions hotline at 1-800-584-8026

Yes Yes, with rate changes for Whole Life business written under the Retired Agent’s Contract (1SN/2SN) Renewals and trails based on specific vesting rules that vary by product.

Renewals and trails based on specific vesting rules that vary by product.

Premium Drawing Nylic

Yes Yes – for eligible business written prior to retirement

No

Service Fees Yes Yes No Life Persistency Bonus For additional information, please contact the Succession Planning hotline at 1-914-846-7790

Yes – subject to production requirements

Yes – subject to production requirements Yes – If a full succession is triggered and the Life Persistency Bonus Provision of the Successor Agent Program is selected prior to triggering succession – credited for up to five years, subject to the terms and conditions of the Life Persistency Bonus Provision of the Successor Agent Program

Yes – If a full succession is triggered and the Life Persistency Bonus Provision of the Successor Agent Program is selected prior to triggering succession – credited for up to five years, subject to the terms and conditions of the Life Persistency Bonus Provision of the Successor Agent Program

Annuity Persistency Bonus

Yes Yes No

Expense Allowance Yes – subject to production requirements

Yes – subject to production requirements

No

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Income from Benefits:

Benefits Active Agent Retired-Active Agent with a 1SN/2SN Contract

Retired Inactive Agent

Nylic Retirement Plan Benefit (Please go to YBR for Pension projections)

Each year 2.75% of Pensionable Earnings are added to the Nylic Retirement Plan formula

Nylic Retirement Plan payments. No further accruals.

Nylic Retirement Plan Payments. No further accruals

401(k) Savings Plan (Please go to YBR for your 401K account balance)

• Eligible to contribute

• If eligible, Company contribution posted to your 401K account

• Can no longer contribute (exception: you can contribute if you are not in the Nylic Retirement Plan)

• Amount equal to Company contribution posted to ledger as renewal compensation

• Eligible to take distributions from your 401(k) account (if not yet 59.5 years old there will be a penalty)

• Can no longer contribute

• No Company contributions

• Eligible to take distributions from your 401(k) account (if not yet 59.5 years old there will be a penalty)

Deferred Compensation DFYC, Eagle, AI, DA, SNAP (Please go to YBR and then click Powered by Mullin TBG for elections and amounts)

• You can defer FYCs • May have a payout

depending on elections

• You can defer retired FYCs for the DFYC and AI Plans

• May have payout depending on elections

• You can no longer defer income

• May have payout depending on elections

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IMPORTANT NOTE: This document is provided for your information only and is a general overview of certain Agent benefit plans in which you may participate and certain Agent compensation.

In the event of any conflict between the benefit plan information included in this document and the official plan document(s), the applicable plan document(s) control. You should review the applicable summary plan descriptions. New York Life reserves the right to amend or terminate any or all of the plans, in whole or in part, at any time.

The Agent compensation information described in this document is subject to the actual terms of your Agent’s Contract, the Nylic Contract and Supplemental Senior Nylic Income Booklet (if applicable), the Commission Rates and Rules Manual and other compensation publications and plans (collectively, the “Governing Documents”). In the event of any conflict between this document and the Governing Documents, the Governing Documents w ill control. New York Life reserves the right to amend or terminate Agent compensation, in whole or in part, at any time by giving w ritten notice to the Agent.

New York Life does not provide tax or legal advice. You should consult w ith your personal tax and legal advisors prior to planning your retirement.

Post 1990 (P7, N8, N9)

Retirement Checklist Your Retirement Specialist is: _________________________________________ � Set up your YBR User ID and Password before you retire.

http://resources.Hewitt.com/newyorklife YBR User ID: ________________________________________________________

YBR Password: _______________________________________________________

� Initiate the retirement process by either accessing the YBR website (click on “Savings and Retirement” and then “Start your Retirement) or by calling the InfoLine at 1-888-513-4636 and follow prompts to reach a retirement specialist

Be sure to have the following on hand to complete the retirement process: � Copies of your

— Birth certificate — Marriage license — Spouse’s birth certificate

� Bank account information (for your General Office) to set up EFT � Qualified Domestic Relations Order (QDRO) – Divorce decree (if applicable) � Mailing address to be used after you retire (for your General Office and confirm at

http://resources.Hewitt.com/newyorklife) � Personal e-mail address and phone number to be used after you retire (confirm at

http://resources.Hewitt.com/newyorklife) Other things to do: � Confirm beneficiary information for your 401(k) Savings Plan and Life Coverage at

http://resources.Hewitt.com/newyorklife � Enroll in Medicare, if eligible. Visit www.socialsecurity.gov or call 1-800-772-1213 � Notify your Managing Partner � Sign up for electronic tax forms at https://www.PaperlessEmployee.com/NYLAgents � Review your Social Security records at www.socialsecurity.gov or call 1-800-772-1213 � Create or review your will � Set up a succession plan. Email succession_planning@newyorklife.com or call 1-914-

846-7790 � Speak to a NYL specialist to see if you are eligible for and would like to take a 1SN/2SN

retirement contract. Please call 1-888-513-4636, follow the menu, select ‘Nylic Retirement’, then select ‘Income or 1SN/2SN’

Be sure to make copies of all your documents; do not send your only copy.

For assistance: InfoLine: 1-888-513-4636 Representatives are available Monday to Friday, 9:00 a.m. – 5:00 p.m., Eastern Time. Your Benefits Resources (YBR) http://resources.Hewitt.com/newyorklife

http://resources.hewitt.com/newyorklife�http://www.socialsecurity.gov/�http://www.socialsecurity.gov/�

Post 1990 (P7, N8, N9)

Tools Please use the following tools to find the pieces of information you will need to determine what your income and expenses, as it relates to New York Life, will look like in retirement compared to what they are now

Tool What you can find here Website / Link Top Comp Compensation forecasting https://www.inforce.newyorklife.com/inft

opcompweb/NYLServlet?nylforward=/AgentSearch.jsp

YBR Project Retirement Income

Current Costs: Medical Dental Life Insurance LTD ADD

InfoLine 1-888-513-4636 OR Attached Worksheet

Cost of Medical / Dental in retirement Call the InfoLine at 1-888-513-4636

Medicare Medicare Part B Cost www.socialsecurity.gov 1-800-772-1213

RETIRING FROM NEW YORK LIFE AS AN AGENT