Your eligibility for a pension and your vesting status depends on your years of Pension Credits. The amount of your pension depends on both your Service Credits and your Benefit Units.

PENSION CREDITS

The following schedule shows the Pension Credit, which you earn in a Calendar Year, based on the number of hours you worked in Covered Employment.

Hours Worked in Covered Employment In a Calendar Year  

SERVICE CREDITS 

Your Service Credits are used to determine the portion of your retirement benefit accrued prior to December 1, 1975. Your Service Credits are calculated based on the provisions of the Plan as in effect November 30, 1975.

BENEFIT UNITS

Beginning December 1, 1975, you earn Benefit Units during each Plan Year you are credited with at least 250 hours in Covered Employment or it you had 10 Pension Credits on December 1 of the Plan Year (five Pension Credits for participants with one or more hours worked on or after  December 1, 1999 and for non-bargained perticipants). There is no maximum on the number of Benefit Units you can earn in a Plan Year. The greater your hours worked in Covered Employment, the greater your Benefit Units. The table below shows how your Benefit Units are determined.

0
   1**
   2**
3
4
5
6
7
8
9
10
11
12

1,300-1,399
1,400-1,499
1,500-1,599
1,600-1,699
1,700-1,799
1,800-1,899
1,900-1,999
2,000-2,099
2,100-2,199
2,200-2,299
2,300-2,399
2,400-2,499
ETC.***

13
14
15
16
17
18
19
20
21
22
23
24

*      THERE IS NO MAXIMUM ON BENEFIT UNITS.

 **    Certain restrictions apply.

***  In certain situations (such as disability or military service) you may also receive Benefit Units while not working in Covered Employment. The Fund Office can give you more information On how your Benefit Units are determined.