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33 | SOUND RETIREMENT

PARTIAL PENSION

If, because of job changes or transfers, you have worked under
the jurisdiction of different pension plans, you may not qualify
for a pension if you do not have sufficient service under the
jurisdiction of any one pension plan. To remedy this, the Sound
Trust entered into agreements to recognize service with other
pension plans for purposes of vesting for a partial pension. These
are called Reciprocity Agreements. See below for a list of these
plans.

ELIGIBILITY

You are eligible for a partial pension if you would not otherwise
qualify for a pension from the Sound Plan because your years of
creditable employment were divided between the jurisdiction
of this Plan and a related pension plan. A related pension plan is
another plan in the retail industry which the Trustees have agreed
to recognize for the purpose of providing partial pensions. See
“Related Pension Plans,” later in this section, for details.

You are eligible for a partial pension if:

 You would be eligible for a pension if your combined credited
service earned under the Sound Plan and related pension
plan(s) were treated as credited service under this Plan, and
 You earned 1 or more years of credited service under the
Sound Plan as a result of work in Covered Employment.
YOUR PARTIAL PENSION AMOUNT

Your partial pension amount is determined in the same way as
the regular, early, late, disability, or deferred vested pension,
depending on the type of partial pension for which you are
eligible. Only credited service and contributions applicable to the
Sound Plan are used to determine your partial pension amount.
This amount is then adjusted for the form of payment you select.

Example: Partial Pension
Carol retires on October 1, 2013, at age 65, after earning 4 years of future
credited service under the Sound Plan and 3 years of service in a related
pension plan. (See “Related Pension Plans,” later in this section.)
Without the provision for a partial pension, Carol would not be eligible for a
pension from either plan since she did not earn enough service under either
plan. However, the partial pension provisions permit service under both plans
to be combined. In this case, Carol would receive a monthly pension payment
based on her credited service and employer contributions earned under the
Sound Plan, plus a monthly pension payment based on her service in the
other pension plan. (This is provided Carol did not have a permanent break in
service between her service periods in the 2 plans.)