Page 12 - Pay'n Save Retirement Truat fund

SOUND RETIREMENT | 10

If your effective date of coverage Your maximum credited past
was… service is…

Between 10/1/65 and 9/30/82 20 Years

Between 10/1/82 and 9/30/83 18 Years

Between 10/1/83 and 9/30/84 16 Years

Between 10/1/84 and 9/30/85 14 Years

Between 10/1/85 and 9/30/86 12 Years

On 10/1/86 or later 10 Years

VESTING SERVICE

You are 100% vested in your pension benefit if you have 5 or
more years of credited future service and/or credited past service
(provided you have at least 1 year of credited future service).
If your employment terminates or you have a one-year Break
in Service before earning 5 years, you are not entitled to any
pension benefit from the Sound Plan unless you return to work
before incurring a Permanent Break in Service.

BREAK IN SERVICE
If you stop working for a contributing employer before you are
vested, you may lose all of your credited service and accrued
benefits. This happens if you are out of Covered Employment
or Continuous Non-Covered Employment for 5 consecutive
years, called a Permanent Break in Service. If, before you incur a
Permanent Break in Service, you return to Covered Employment
and earn an additional year of service, your prior credited service
and vesting service will be restored.

Effective October 1, 1986, if you have 5 consecutive one-Year
Breaks in Service before you are vested, it is considered a
Permanent Break in Service. In this case, all of your years of
vesting and credited service are permanently canceled. Any
service you earned before the Permanent Break cannot be used
to qualify for pension or death benefits.
The Plan’s break in service rules are different for various periods
of service, as shown in the following table.