Page 10 - Pay'n Save Retirement Truat fund

SOUND RETIREMENT | 8

SERVICE

You must earn credited service to qualify for a benefit under the
Plan. Credited service is granted for the hours you work for a
contributing employer in work for which employer contributions
are required subject to a collective bargaining agreement or
other agreement with the Trust. Credited Service may also be
counted for hours worked before your employer was required to
contribute to the Sound Plan.

Your total credited service is comprised of your credited future
service and credited past service. It is used to determine your
benefit eligibility and whether you are vested in the benefits you
have accrued. Credited past service is also used to determine the
amount of any past service benefit you may have earned.

CREDITED FUTURE SERVICE

Earning credited future service depends on when your service
was earned.

 Before October 1, 1977, you earned 1 year of credited future
service for each Plan Year you worked 375 or more hours
in Covered Employment between the date a contributing
employer first made contributions to this Plan for your work in
Covered Employment and September 30, 1977.
 On and after October 1, 1977 and before October 1, 2016,
you earn 1 year of credited future service for each Plan Year
you work 500 or more hours in Covered Employment.

 On and after October 1, 2016, you earn 1 year of credited
future service for each Plan Year you work 750 or more hours
in Covered Employment.

CREDITED PAST SERVICE
In general, credited past service is service you earned while
working for a contributing employer before that employer began
contributing to the Plan. In other words, it is service you would
have earned had you been eligible for Plan participation before
your effective date of coverage. Your effective date of coverage
is the date when employer contributions on your behalf first
became effective.

 If you are under age 65 on your effective date of coverage,
to receive credited past service you must have worked at least
500 hours in Covered Employment (375 hours if your effective
date of coverage was before October 1, 1977) in
y 1 of the 2 consecutive 12-month periods following your
effective date of coverage, or