Page 11 - Pay'n Save Retirement Truat fund

9 | SOUND RETIREMENT

y Either the Plan Year in which your effective date of
coverage occurred or the following Plan Year.

 If you are age 65 or older on your effective date of
coverage, to receive credited past service you must have

y Worked at least 80 hours in Covered Employment in the 12
consecutive months immediately following your effective
date of coverage, and
y Worked at least 500 hours (375 hours if your effective date
of coverage is before October 1, 1977) in employment for
a contributing employer during the 12 consecutive months
immediately before your effective date of coverage.

Methods of Crediting Past Service

Credited past service can be based on affiliated union
membership or on industry employment. Your credited past
service will be calculated using both methods, and the Plan will
use the method that provides you with the greater number of
years.

 Credited past service based on union membership is granted
for continuous years of membership in a union participating in
the Plan. One year of credited past service is granted for each
12 consecutive months of membership.

For this purpose, continuous years of membership are years
without a break. A break occurs when more than 24 months
separates 2 periods of union membership. No credited past
service will be credited prior to a break.

 Credited past service based on industry employment
is granted for continuous years of employment under a
collective bargaining agreement with the union or with a
contributing employer. (This is provided if your work with a
contributing employer was in a job classification included in
any collective bargaining agreements requiring contributions
to the Plan.)

For this purpose, continuous years of employment are years
without a break in service. A break in service occurs when you
work 500 or fewer hours (the rule was less than 435 hours prior
to October 1, 2016 and 375 hours before October 1, 1976) in
Covered Employment during any 12-month period before your
effective date of coverage. No past service will be credited prior
to a break in service.

Your Maximum Credited Past Service

The maximum years of credited past service you can receive is
determined by your effective date of coverage.