Page 55 - Pay'n Save Retirement Truat fund

53 | SOUND RETIREMENT

Normal Retirement Age
Age 65, or if later, the first day of the 60th month following the
date on which you became a participant, unless you subsequently
had a permanent break in service.

One-Year Break in Service

Effective October 1, 2016, you incur a 1-year break in service
when you fail to work more than 500 hours in a Plan Year. Before
October 1, 2016, you incur a 1-year break in service when you fail
to work at least 435 hours in a Plan Year. (Different rules apply to
breaks in service that occurred before October 1, 1976.)

Permanent Break in Service

If you are not vested, you incur a permanent break in service if
you have 5 or more consecutive 1-year breaks in service. Once
you incur a permanent break in service, all your credited service
and accrued pension benefits are canceled. (Different rules apply
to permanent breaks in service that occurred before October 1,
1986.)

Plan Year

The 12-month period from October 1 of any year through
September 30 of the following year. Plan Year is used for
determining vesting and benefit accruals.

Spouse

The person to whom you are legally married. For pre-retirement
deaths and for retirements on or after September 16, 2013, the
term “spouse” includes a person of the same sex if you and that
person are considered legally married under the law of the state
where the marriage was performed, and, to the extent provided in
a Qualified Domestic Relations Order, a person to whom you were
formerly married.

Trustees, Board or Board of Trustees

The Board of Trustees who administers this Plan and Trust in
accordance with the provisions of the Sound Plan and Trust
Agreement.

Union

Any organization which represents employees in collective
bargaining with contributing employers.